Network Detection and Response (NDR) Market Size, Share, Growth, and Industry Analysis by Type (Cloud Network, IoT Network, and Traditional Network), By Application (BFSI, Government, Healthcare, Industrial Control, and Others) Regional Forecast From 2022 To 2030

Updated On: 15 May 2023

NETWORK DETECTION AND RESPONSE (NDR) MARKET REPORT OVERVIEW

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The global network detection and response (NDR) market size is USD 2.485 billion in 2022 and the market is projected to touch USD 5.370 billion by 2028, exhibiting a CAGR of 13.7% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with network detection and response (NDR) experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

Network detection and response (NDR) systems use machine learning and data analytics to identify cyber attacks on business networks. These technologies create normal-behavior models by continually evaluating network north/south traffic that spans the corporate perimeter, as well as east/west lateral traffic, and then utilise these models to detect aberrant or suspicious traffic patterns. In addition to issuing alarms, NDR systems should have incident response features. This might involve automatically changing firewall rules to prevent suspicious traffic or granting capabilities to help in incident investigation and threat hunting.

The majority of cyberattacks take place via the network, which is both beneficial and terrible for defenders. On the one hand, network-level defences can identify and neutralize network-based threats. On the other hand, the complexity and scope of an ordinary organization's network, as well as the increasing sophistication of cyber threat actors, can make distingushing assaults from regular traffic challenging. Traditional signature-based detection systems are frequently unsuccessful against current threats, leading to a false sense of security inside businesses. NDR security solutions give enterprises an extra layer of network-level security and threat prevention capabilities.

COVID-19 Impact: Lockdown Accelerated the Market Expansion

The COVID-19 epidemic boosted the network detection and response (NDR) market. As a result of the pandemic, there was an increased demand for remote work as well as greater awareness of the need for cyber-security. Because of the changes brought about by the pandemic, the market is expected to rise at a quicker rate in the following years. With the rising use of remote working modes as well as hybrid models, the demand for network detection and response (NDR) solutions in the post-COVID age will continue to rise. Furthermore, issues such as increasing online fraud, higher internet penetration, and the adoption of ideas like BYOD and CYOD would offer a boost to the sector in the post-COVID age.

LATEST TRENDS

5G Network Leads to Market Expansion

5G promises to change connectivity by allowing IoT and providing faster speeds and lower latency than 4G. This opens the door for enhanced network detection and response (NDR) solutions in the next few years. More market trends, such as the expansion of internet of things (IoT) devices, the incorporation of artificial intelligence in NDR systems, and the increasing edge computing trend, are expected to drive the network detection and response (NDR) market over the anticipated period.

NETWORK DETECTION AND RESPONSE (NDR) MARKET SEGMENTATION

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• By Type

Based on Type; the market is divided into Cloud Network, IoT Netowrk, and Traditional Netowrk.

Cloud Network is the leading part of the platform segment.

• By Application

Based on Application; the market is divided into BFSI, Government, Healthcare, Industiral Control, and Others.

BFSI is the leading part of the application segment.

DRIVING FACTORS

Increasing Number of Internet Users Speed Up the Market Demand

With the number of internet users worldwide rapidly increasing, the potential for cyber-attacks is also increasing. Network Detection and Response helps enterprises identify and respond to such hostile conduct. The growing number of internet users is a significant driver of the network detection and response (NDR) business. Furthermore, the NDR market is predicted to grow as a result of expanding digitization, rising e-commerce sales, and a recent spike in cybercrime rates. With increased internet usage penetration, the network detection and response (NDR) industry will rise inexorably.

Online Presence of Companies Leads to an Increase in Market Demand

Companies are transitioning to the virtual world alongside their offline markets. Because practically every product is now available online in the e-commerce sector, every company's internet revenue transactions are required. As a result, the NDR is critical to providing a healthy online workspace. In addition, as part of their branding and advertising, businesses strive to maintain an active presence in the virtual world. The usage of social media platforms is unavoidable in corporate branding and public relations. In that way, the network detection and response network detection and response (NDR) market is growing rapidly.

RESTRAINING FACTORS

Increasing Network Threats to Slow Down the Market's Growth

In the digital era, network security, availability, and reliability are crucial for every enterprise and sector. With the increasing number of cyber-attacks and data theft incidents, attaining this degree of cyber security, as well as a solid infrastructure, is becoming increasingly challenging. Other aspects, such as advancements in cybercrime, provide certain hurdles to the sector. As cyber dangers become more prevalent, the present NDR system will be insufficient, causing market development to stall.

NETWORK DETECTION AND RESPONSE (NDR) MARKET REGIONAL INSIGHTS

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North America to lead market owing to Digitization

Most of the network detection and response (NDR) market share in the world is under North American dominance. The region's demand for the product is expanding as a consequence of urbanization, which will cause it to show a reasonable degree of growth in the coming years. New technology, as well as increased internet and smartphone use, are major drivers of regional market development. Companies that provide network detection and response (formerly known as network traffic analysis) are developing their solutions to include more automatic and manual response capabilities. Because several manufacturers may use comparable analytical approaches to data monitored via a SPAN port, NDR remains a competitive market with a low barrier to entry, resulting in increased network detection and response market share.

KEY INDUSTRY PLAYERS

Key Participants to Accelerate Market Growth

This market's data was compiled from a number of sources. Trade magazines, statistics from professional organizations, academic research, and government publications are a few examples. In addition to these main sources, information is obtained from manufacturers, distributors, sellers, retailers, micro-experts, and other market participants. The study provides information on market participants as well as their geographical activities. Companies are concentrating their efforts on expanding their market position through tactics such as mergers and acquisitions, partnerships, and the production of innovative goods.

List of Market Players Profiled

• Awake Security (Arista Networks) (U.S.)
• Blue Hexagon (U.S.)
• Bricata (Canada)
• Cisco (U.S.)
• Corelight (U.S.)
• Darktrace (U.K.)
• ExtraHop (U.S.)
• Fidelis Cybersecurity (U.S.)
• FireEye (U.S.)
• Flowmon (Kemp) (Czech Republic )
• Gigamon (U.S.)
• Greycortex (Czech Republic )
• Hillstone Networks (China)
• IronNet Cybersecurity (U.S.)
• Lastline (VMware) (U.S.)
• Plixer (U.S.)
• Vectra AI (U.S.)

REPORT COVERAGE

The research covers a thorough review of the market's current status, as well as a look at raw materials, technology, and machinery, as well as supply and demand, production capacity, and industry chain analysis. This study assesses the market possibilities and dangers connected with the formation of certain categories. It also examines the impact of important market drivers and industry development constraints. The effectiveness of big firms is assessed throughout time, and their effects on market dynamics are investigated.