Network detection and response market to hit $5.3bn by 2028
North America is estimated to hold the largest market share over the forecast period
The worldwide network detection and response (NDR) market is slated to reach $5370.4 million by 2028, according to a recently published report by Industry Research.
The market research firm also estimates a growth worth $2485.7 million in 2022, attributable to the COVID-19 pandemic. Additionally, a compound annual growth rate (CAGR) of 13.7% is anticipated for the NDR market between 2022 and 2028.
Six myths of SIEM
Things have changed when it comes to SIEM solutionsFree Download
Commenting on NDR’s significance, Industry Research stated, “NDR solutions primarily use non-signature-based techniques (for example, machine learning or other analytical techniques) to detect suspicious traffic on enterprise networks.
“NDR tools continuously analyze raw traffic and/or flow records (for example, NetFlow) to build models that reflect normal network behavior.”
“When the NDR tools detect suspicious traffic patterns, they raise alerts. In addition to monitoring north/south traffic that crosses the enterprise perimeter, NDR solutions can also monitor east/west communications by analyzing traffic from strategically placed network sensors.”
Gigamon, FireEye, Darktrace, and Cisco are among the major vendors influencing the NDR market.
By region, North America holds the largest market share (70%), followed by Europe (20%) and Asia-Pacific (20%).
Accelerating AI modernisation with data infrastructure
Generate business value from your AI initiativesFree Download
Recommendations for managing AI risks
Integrate your external AI tool findings into your broader security programsFree Download
Modernise your legacy databases in the cloud
An introduction to cloud databasesFree Download
Powering through to innovation
IT agility drive digital transformationFree Download