Navigating the Digital Landscape: NDR Market Thrives to 2026, Empowering Enterprises Against Evolving Cyber Threats
DUBLIN, Sept. 22, 2023 /PRNewswire/ -- The "Global Network Detection and Response (NDR) Market (by Deployment, Component, Application, & Region): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)" report has been added to ResearchAndMarkets.com's offering.
The global network detection and response (NDR) market is poised to achieve a significant valuation of USD 3.11 billion in 2023, with a remarkable Compound Annual Growth Rate (CAGR) of 13.94% during the forecast period.
Networks have evolved to become pivotal elements of modern communication, making them attractive targets for cyber-attackers seeking to disrupt businesses and governments worldwide.
NDR, a cybersecurity technology, plays a crucial role in safeguarding networks. It employs behavioral analytics, machine learning, and artificial intelligence to continuously monitor a company's network, identifying and mitigating cyber threats. The soaring adoption of digitization, both in government agencies and commercial enterprises, coupled with the increasing number of internet users, underscores the pressing global demand for network security solutions to prevent data leaks and privacy breaches.
Key Market Segments:
The market spans five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America, particularly the United States, Canada, and Mexico, holds the largest share due to substantial investments in cybersecurity solutions. Asia Pacific is an emerging region, driven by the increasing adoption of cloud-based solutions by enterprises of all sizes.
Key Drivers and Challenges:
The COVID-19 Impact:
The COVID-19 pandemic positively impacted the NDR market, emphasizing the need for cybersecurity as remote working became prevalent. The market is expected to continue growing as remote and hybrid work models persist post-pandemic. Increased online fraud, growing internet penetration, and BYOD/CYOD concepts further fuel market growth.
The global NDR market is consolidated, with major players operating worldwide. Key players include Cisco Systems, Inc., Arista Networks, Vectra AI, Inc., VMware, Inc. (Lastline, Inc.), Darktrace Ltd., Sangfor Technologies, Inc., Gigamon, Inc., Extrahop Networks, Trellix, and Corelight.
Top Impacting Factors
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