What is Global Network Detection And Response (NDR) Software Market?
The Global Network Detection and Response (NDR) Software Market is a rapidly evolving sector that focuses on the identification and response to network anomalies and threats. This market is driven by the increasing need for businesses to protect their digital assets from cyber threats. The NDR software provides real-time monitoring, threat detection, and automated response to security incidents, making it an essential tool for any organization's cybersecurity strategy. The software uses machine learning and artificial intelligence to identify unusual network behavior and respond accordingly, either by alerting the security team or by taking automated action to mitigate the threat. This market is expected to grow significantly in the coming years due to the increasing prevalence of cyber-attacks and the growing need for effective network security solutions.
Cloud Based, On-premises in the Global Network Detection And Response (NDR) Software Market:
The Global Network Detection and Response (NDR) Software Market is divided into two main segments: cloud-based and on-premises solutions. Cloud-based NDR software is hosted on the provider's servers and accessed through the internet. This model offers several advantages, including scalability, cost-effectiveness, and ease of deployment. On the other hand, on-premises NDR software is installed and run on the user's own servers. This model provides greater control over the data and is often preferred by organizations with strict data security requirements. Both models have their own strengths and are chosen based on the specific needs and resources of the organization.
Large Enterprises, SMEs in the Global Network Detection And Response (NDR) Software Market:
The Global Network Detection and Response (NDR) Software Market is widely used by both large enterprises and SMEs. Large enterprises often have complex network infrastructures and a large number of digital assets to protect, making them prime targets for cyber-attacks. NDR software helps these organizations detect and respond to threats quickly and efficiently, minimizing the potential damage. SMEs, on the other hand, may not have the resources to maintain a dedicated security team. For these businesses, NDR software provides an affordable and effective solution for network security. The software's automated response capabilities can compensate for the lack of a large security team, allowing SMEs to maintain a strong security posture despite their limited resources.
Global Network Detection And Response (NDR) Software Market Outlook:
Looking at the market outlook for the Global Network Detection and Response (NDR) Software Market, it was valued at a substantial US$ 2016.2 million in 2023. The market is projected to reach an impressive US$ 4732.2 million by 2030, growing at a steady CAGR of 12.3% during the forecast period from 2024 to 2030. ExtraHop is currently leading the market with a share of approximately 7%. Geographically, the Americas dominate the consumption market, accounting for more than 55% of the total share. This indicates a strong demand for NDR software in this region.
| Report Metric | Details |
| Report Name | Network Detection And Response (NDR) Software Market |
| Accounted market size in 2023 | US$ 2016.2 million |
| Forecasted market size in 2030 | US$ 4732.2 million |
| CAGR | 12.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Palo Alto Networks, Vectra AI, ExtraHop, Cisco, Fortinet, Verizon, VMware, LogRhythm, Darktrace, Rapid7, Arctic Wolf, Secureworks, RSA Security (NetWitness), Hillstone Networks, Trellix, Fidelis Cybersecurity, GoSecure, SentinelOne (Attivo Networks), Sophos, IronNet, Xcitium, BluSapphire Technologies, Talion, Proofpoint (Illusive), MixMode, Arista Networks, Sangfor |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
