Global Network Detection and Response Market to 2026 –
Dublin, June 17, 2022 (GLOBE NEWSWIRE) — The “Global Network Detection and Response (NDR) Market: Analysis by Deployment, by Component, by Application, by Region Size and Trends with Impact of COVID-19 and Forecast to 2026” report has been added to from ResearchAndMarkets.com offer.
Global Network Detection and Response (NDR) Market in 2021 was valued at US$ 2.24 Billion and is projected to reach US$ 4.60 Billion by 2026. modern is heavily dependent on networks. Many organizations rely on the network which plays an important role in the overall IT infrastructure. As a result, networks are a popular target for cyber attackers trying to disrupt businesses and governments around the world.
Network Detection and Response is a cybersecurity solution that continuously monitors an organization’s network. It uses behavioral analysis, machine learning and artificial intelligence to detect cyber threats. With the growing acceptance of digitalization in government agencies and private organizations and the growing number of internet users, there is a huge need for cybersecurity solutions for networks globally to prevent data leaks and privacy breaches. The network detection and response market is expected to grow at a CAGR of 14.04% during the forecast period 2022-2026.
Global Network Detection and Response Market Dynamics:
- Drivers of Growth: With the number of Internet users around the world increasing at a rapid rate, the threat of cyberattacks is increasing, network detection and response enables organizations to detect and respond to these malicious behaviors. The growing number of internet users is a major driver of the market. Additionally, the NDR market is expected to rise owing to increasing digitalization, rising e-commerce sales, soaring cyber crime rate, and more. these last years.
- Challenges: The availability and reliability of network security is critical in the digital age for every organization and industry. With the increasing number of cyberattacks and incidences of data theft, it is becoming increasingly difficult to achieve this level of cybersecurity, along with a robust infrastructure. Moreover, other factors such as the advancement of cyber crime, etc. are challenges for the market.
- Trends: 5G promises to revolutionize connection, enabling the IoT, and offers ultra-fast speeds and reduced latency compared to 4G. This provides an opportunity for advanced NDR solutions in the years to come. More market trends are believed to grow the network detection and response market over the forecast period, which may include advancement of Internet of Things (IoT) devices, integration of artificial intelligence in NDR system, intensification of edge computing trend, etc.
COVID-19 impact analysis and way forward:
COVID-19 pandemic has had a positive impact on the global NDR market. As a result of the pandemic, there has been an increased demand for remote working, increased awareness of the need for cybersecurity has been observed. In the coming years, the market is expected to grow at a faster rate, owing to the changes created during the pandemic. With the increased adoption of remote work models as well as hybrid models, the trend would continue to drive the demand for NDR solutions in the post-COVID era. Also, factors such as increase in online frauds, increasing internet penetration, adoption of concepts such as BYOD and CYOD would lead to an industry boom in the post-COVID era.
Competitive landscape and recent developments:
The global network detection and response market is consolidated, with few major players operating globally. Network detection and response (formerly known as network traffic analysis) companies extend their solutions with additional automatic and manual response capabilities. Since many manufacturers can use analytical techniques similar to monitored data through a SPAN port, network detection and response (NDR) remains a competitive market with a low barrier to entry.
Leading players in the Network Detection and Response market are:
- Darktrace Ltd.
- Cisco Systems, Inc.
- VMware, Inc. (Lastline, Inc.)
- Arista Networks
- Vectra AI, Inc.
- Sangfor Technologies, Inc.
- Extrahop networks
- Gigamon, Inc.
- core light
Companies are focusing on expanding their presence in the market through expansion strategies such as mergers and acquisitions, collaborations, and innovative product development. These strategies also help companies enter new markets and expand geographically. For example, in November 2021, Bricata was acquired by Opentext. Additionally, XDR i.e. NDR + EPDR + User Behavior Analysis (UBA) + Distributed Deception Platforms (DDP) + Cloud Workload Protection Platforms, will be the future of the NDR. This market-wide product category union is expected to occur within the next 3-5 years, but some vendors have already begun to acquire and merge these products.
Main topics covered:
2.1 Network detection and response: an overview
2.1.1 Definition of network detection and response
2.1.2 Benefits of Network Detection and Response (NDR)
2.2 Network Detection and Response Segmentation: An Overview
2.2.1 Segmentation of network detection and response
3. Global Market Analysis
3.1 Global Network Detection and Response Market: An Analysis
3.1.1 Global Network Detection and Response Market by Value
3.1.2 Global Network Detection and Response Market by Deployment (Cloud-Based and On-Premise)
3.1.3 Global Network Detection and Response Market by Components (Solutions and Services)
3.1.4 Global Network Detection and Response Market by Application (Large Enterprise and Small & Medium Enterprise)
3.1.5 Global Network Detection and Response Market by Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa)
3.2 Global Network Detection and Response Market: Deployment Analysis
3.2.1 Global Cloud-Based Network Detection and Response Market by Value
3.2.2 Global Network On-premises Detection and Response Market by Value
3.3 Global Network Detection and Response Market: Components Analysis
3.3.1 Global Network Detection and Response Solutions Market by Value
3.3.2 Global Network Detection and Response Services Market by Value
3.4 Global Network Detection and Response Market: Application Analysis
3.4.1 Global Large Enterprise Network Detection and Response Market by Value
3.4.2 Global SMB Network Detection and Response Market by Value
4. Regional Market Analysis
5. Impact of COVID
5.1 Impact of COVID-19 on the Global Network Detection and Response Market
5.2 Post-COVID-19 Impact on Global Network Detection and Response Market
6. Market dynamics
6.1 Engine of growth
6.1.1 Escalation of Internet users
6.1.2 Increasing Digitization
6.1.3 E-commerce Sales Rise
6.1.4 Increase in the rate of cybercrime
6.1.5 Upwelling in tech startups
6.2.1 Network infrastructure complexity
6.2.2 Advancement of cybercrime
6.3 Market trends
6.3.1 Growing Implementation of 5G Networks
6.3.2 Advancement of Internet of Things (IoT) Devices
6.3.3 Integration of artificial intelligence in the NDR system
6.3.4 Edge Computing Trend Intensification
7. Competitive landscape
7.1 Global Network Detection and Response Players by Market Share
7.2 Global Network Detection and Response Market Players: Product Comparison
7.3 Global Network Detection and Response Market Players: Mergers and Acquisitions
8. Company Profiles
8.1 Darktrace Ltd.
8.1.1 Overview of activities
8.1.2 Region of operation
8.1.3 Business strategy
8.2 Cisco Systems, Inc.
8.2.1 Overview of activities
8.2.2 Operational Segment
8.2.3 Business strategy
8.3 VMware, Inc. (Lastline, Inc.)
8.3.1 Company Overview
8.3.2 Operational Segment
8.3.3 Business strategy
8.4 Arista Networks
8.4.1 Business Overview
8.4.2 Region of operation
8.4.3 Business strategy
8.5 Vectra AI, Inc.
8.5.1 Company Overview
8.5.2 Business strategy
8.6 Sangfor Technologies, Inc.
8.6.1 Company Overview
8.6.2 Business Strategy
8.7 Extrahop Networks
8.7.1 Company Overview
8.7.2 Business strategy
8.8.1 Company Overview
8.8.2 Business strategy
8.9 Gigamon, Inc.
8.9.1 Company Overview
8.9.2 Business strategy
8.10.1 Company Overview
8.10.2 Business Strategy
For more information on this report, visit https://www.researchandmarkets.com/r/ry9xhy