NETWORK DETECTION AND RESPONSE (NDR) MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)
Network detection and response (NDR) products are next-generation cybersecurity solutions that provide enhanced network visibility and threat detection capabilities compared to traditional firewalls and intrusion detection systems. There are primarily two types of NDR products: appliance-based and cloud-native. Appliance-based NDR solutions consist of a physical device deployed on-premises that inspects all network traffic to identify vulnerabilities, malware, and threats in real-time. Cloud-native NDR solutions operate via Software as a service (SaaS) and provide the same network monitoring and threat detection features without the need to manage physical hardware.
Market Dynamics:
The network detection and response (NDR) market is expected to grow significantly in the coming years. Several factors are driving this growth, including the increasing frequency and complexity of cyberattacks, stringent regulatory requirements related to data protection, and the growing awareness among organizations about the importance of network security. Moreover, one of the primary drivers of the network detection and response (NDR) market is the rise in sophisticated cyberattacks. Hackers are continually developing new strategies to breach network defenses and steal sensitive information. NDR solutions play a crucial role in detecting and mitigating these threats by providing real-time visibility into network traffic and alerting security teams about any suspicious activities.
However, despite the growing demand for NDR solutions, there are some restraints that may hinder market growth. The high cost associated with implementing and maintaining NDR solutions is one such restraint. Small and medium-sized enterprises (SMEs) with limited budgets may find it challenging to afford these solutions, which could limit market growth to some extent.
Key features of the study:
Detailed Segmentation:
Table of Contents
*Browse 24 market data tables and 28 figures on “Global Network Detection and Response (NDR) Market” - Global forecast to 2030
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