Network Detection and Response (NDR) includes network security software that uses artificial intelligence algorithms to detect, analyze, halt and respond to advanced cyber threats and breaches in real time. NDR provides enhanced visibility across an organization's network with integration that spans endpoint, network, and cloud. The global Network Detection and Response (NDR) Market is estimated to be valued at US$ 3.27 Billion in 2024 and is expected to exhibit a CAGR of 10.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing need for enhanced security capabilities is one of the major trends driving the growth of the NDR market. Traditional signature-based antivirus and firewall technologies are not effective against sophisticated cyber threats involving artificial intelligence and machine learning. NDR solutions leverage advanced analytics and real-time threat detection to identify even unknown threats with high accuracy. They significantly reduce the risks of data breaches and ensure business continuity by quickly containing malware infections and anomalous activity across complex IT environments.
SWOT Analysis
Strength: NDR solutions help organizations proactively detect network threats and compromised endpoints in real-time thereby enhancing network security.
Weakness: High upfront costs associated with deployment and maintenance of NDR solutions limit their adoption among small enterprises.
Opportunity: Growing sophistication of cyber threats and compliance requirements are driving increased investment in advanced network security solutions like NDR.
Threats: Open-source threat intelligence alternatives can reduce organizations' spending on commercial NDR systems.
Key Takeaways
The Global Network Detection And Response (NDR) Market Share is expected to witness high growth over the forecast period of 2024 to 2031.
Regional analysis: North America is currently the dominant region for the NDR market owing to stringent data privacy regulations and increasing cyber attacks. Asia Pacific is expected to grow at the fastest pace due to rapid digital transformation of enterprises in countries like China and India.
Key players analysis: Key players operating in the Network Detection and Response (NDR) market are ABB, Xcel Energy Inc., EDF, National Grid Renewables, Acciona, Enel Spa, Innergex, The Tata Power Company Limited, General Electric, Invenergy. These players are focusing on developing advanced NDR solutions through partnerships and acquisitions to strengthen their market position.
For more details on the report, Read- https://www.ukwebwire.com/network-detection-and-response-ndr-market-forecast/
Comments
0 comment