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Network Detection and Response (NDR) Market Size to Grow USD 5370.4 Million by 2029 at a CAGR of 13.7% | Valuates Reports

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BANGALORE, India, Sept. 6, 2024 /PRNewswire/ — Network Detection and Response (NDR) Market is Segmented by Type (Cloud Network, IoT Network, Traditional Network), by Application (BFSI, Government, Healthcare, Industrial Control): Global Opportunity Analysis and Industry Forecast, 2024-2029.

The Global Network Detection and Response (NDR) Market was valued at USD 2485.7 Million in 2022 and is anticipated to reach USD 5370.4 Million by 2029, witnessing a CAGR of 13.7% during the forecast period 2023-2029.

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Major Factors Driving Network Detection and Response NDR Market

The demand for sophisticated security solutions and the growing complexity of cyber threats are fueling the market for network detection and response, or NDR. NDR solutions offer a vital line of defense against complex cyberattacks by using machine learning and behavioral analytics to identify and address abnormalities and risks in real-time. The need for NDR solutions has been further stimulated by the growth in digital transformation programs, remote work, and cloud use. The need for organizations to comply with regulations and their increasing knowledge of cybersecurity dangers are also driving the worldwide market’s progress.

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TRENDS INFLUENCING THE GROWTH OF THE NETWORK DETECTION AND RESPONSE (NDR) MARKET

The market for Network Detection and Response (NDR) is expanding due to the fact that traditional networks are facing more complex cyber threats that need more sophisticated security solutions. Older network infrastructures are more susceptible to hacks and assaults since they were not built with the complexity of contemporary cyberthreats in mind. Organizations may more efficiently identify and address any security events with the support of NDR solutions, which offer improved visibility and threat detection capabilities across these conventional networks. There will be a huge increase in need for strong NDR solutions that can protect these settings from developing cyber threats as long as enterprises continue to operate on conventional networks.

The market for network detection and response (NDR) is mostly driven by the quick uptake of cloud networks. With more and more businesses moving their activities to cloud environments, there is a rising demand for all-encompassing security solutions that can keep an eye on and safeguard these dynamic, dispersed networks. Particular security problems are brought about by cloud networks, such as the requirement to monitor enormous volumes of data and identify threats instantly across several cloud platforms. The need for NDR solutions is fueled by the necessity for NDR solutions to give cloud environments the visibility and automatic reaction capabilities that allow enterprises to promptly detect and neutralize any threats.

Because of its high sensitivity to cyber threats, the Banking, Financial Services, and Insurance (BFSI) industry is a major driver of the Network Detection and Response (NDR) market. Because BFSI firms manage so much sensitive data, they are often the target of hackers. Strong cybersecurity measures are also required by the industry’s strict regulatory requirements in order to safeguard financial data and uphold consumer confidence. In order to ensure that these businesses can successfully defend their networks against sophisticated assaults, NDR solutions are being used more and more in the BFSI sector. These systems include real-time monitoring, threat detection, and quick incident response capabilities. The BFSI’s increasing emphasis on cybersecurity is driving the NDR market’s growth.

The market for network detection and response (NDR) is expanding due in large part to the increasing frequency and sophistication of cybersecurity attacks. Hackers are using sophisticated methods like ransomware, phishing, and zero-day flaws to access corporate networks, making cyberattacks more sophisticated and focused. Conventional security tools like firewalls and antivirus software are unable to fend off new attacks as they develop. With the improved visibility that NDR systems offer into network traffic, it is possible to identify unusual behaviors that might be signs of an ongoing assault. The need for NDR solutions is rising across a number of industries due to the growing requirement for proactive threat identification and quick response.

The necessity for strict data protection measures and regulatory compliance are two important drivers pushing the use of NDR systems. Strict laws pertaining to data privacy and security, such as the GDPR, HIPAA, and PCI DSS, apply to sectors including healthcare, banking, and retail. In order to safeguard sensitive data and stop breaches, these requirements mandate that firms put strong security measures in place. Organizations may ensure compliance while protecting their networks using NDR solutions, which provide sophisticated threat detection and response capabilities required to satisfy these regulatory standards. The regulated industries are experiencing a rise in demand for NDR solutions due to the rising emphasis on data protection and privacy.

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NETWORK DETECTION AND RESPONSE (NDR) MARKET SHARE ANALYSIS

Due to its early adoption of cutting-edge cybersecurity solutions and a high incidence of cyber attacks, North America is dominating the market for Network Detection and Response (NDR), which is seeing significant regional growth.

Due to its many big businesses and strict regulations, the United States is a significant market. These factors make advanced network security solutions necessary.

Europe is not far behind, with rising cybersecurity expenditures fueled by laws such as the General Data Protection Regulation and the increased complexity of cyberattacks that target vital infrastructure. With nations like China, Japan, and India making considerable investments in cybersecurity to safeguard their developing digital ecosystems and combat the evolving threat landscape, the Asia-Pacific area is quickly becoming a key market.

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Key Companies:

Awake Security (Arista Networks)Blue HexagonBricataCiscoCorelightDarktraceExtraHopFidelis CybersecurityFlowmon (Kemp)GreyCortexHillstone NetworksIronNet CybersecurityLastline (VMware)PlixerVectra AIFireEye

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  Network Detection And Response (NDR) Software market is projected to grow from USD 2359.3 Million in 2024 to USD 4732.2 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 12.3% during the forecast period.

–  Network Detection and Response (NDR) Solutions market is projected to reach USD 2548.8 Million in 2029, increasing from USD 2164 Million in 2022, with a CAGR of 2.4% during the period of 2023 to 2029.

–  Managed Network Services market size is expected to reach USD 50660 Million by 2029, growing at a CAGR of 5.7% from 2023 to 2029.

–  Network Switches market was valued at USD 29450 Million in 2022 and is anticipated to reach USD 40770 Million by 2029, witnessing a CAGR of 4.7% during the forecast period 2023-2029.

–  Network Switches market was valued at USD 29450 Million in 2022 and is anticipated to reach USD 40770 Million by 2029, witnessing a CAGR of 4.7% during the forecast period 2023-2029.

–  Network Packet Broker market is projected to reach USD 1154.8 Million by 2028 from an estimated USD 778.2 Million in 2022, at a CAGR of 6.8% during 2023 and 2028.

–  Network Security Firewall Market

–  Network Security Market

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Technology

TPA Technologies Named A Workday Staffing Partner

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January 7, 2025

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BOSTON, Jan. 7, 2025 /PRNewswire/ — TPA technologies, a leading technology consulting firm, today announced that it has signed a partnership agreement with Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money. This partnership will expand and enhance TPA technologies’ ability to deliver Workday-certified talent to organizations implementing the Workday platform.

To meet the growing needs of clients, TPA technologies expanded its team of Workday experts to help connect top talent with Workday support opportunities. Led by Michael Wrightington, who brings 10 years of expertise in supporting the Workday ecosystem, its practice continues to thrive. As a Workday Partner, TPA technologies will offer clients the ability to work with a trusted partner that understands their needs and can provide the team needed to support their implementation and use of Workday.

“The need for Workday certified professionals continues, and we have to adapt to serve our clients and consultants,” said TPA technologies president Dan Hinckley. “Our ability to understand technology challenges and find the talent needed to solve them is at the heart of our team.”

Workday Financial Management, Workday Human Capital Management (HCM), and Workday Adaptive Planning support a full range of financial and people-based processes that help provide real-time operational visibility along with the speed and agility to plan for and adapt to business growth and change.

For more information on TPA technologies’ Workday Practice, visit: https://tpatechnologies.com/solutions/workday-services/

About TPA technologies 
TPA technologies is a leading technology consulting firm serving the information technology needs of national and international clients seeking “Staffing Solutions.” TPA is headquartered in Boston MA. www.tpatechnologies.com

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Elsayed Talaat Appointed President & CEO of Universities Space Research Association

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January 7, 2025

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WASHINGTON, Jan. 7, 2025 /PRNewswire/ — Universities Space Research Association (USRA) announced today that Dr. Elsayed Talaat will join USRA as President and CEO, effective January 27. Dr. Talaat is an accomplished leader with a strong background in Atmospheric and Space Science and well-rounded experience with NOAA, NASA, and JHU/APL. Dr. Talaat has been responsible for programmatic and technical coordination with OSTP, the Department of Defense, other federal agencies, non-Federal agendas/industries, and international partners. Dr. Talaat was selected following an extensive national search undertaken by the USRA Board of Trustees, assisted by the executive search firm of Korn Ferry. 

Currently, Dr. Elsayed Talaat is the Director of the Office of Space Weather Observations at NESDIS, where he provides leadership and oversight in the development, acquisition, integration, installation, and acceptance of major system elements (spacecraft, instruments, launch services, and ground systems) for NOAA’s operational environmental satellite systems.

Before joining NOAA, Dr. Talaat was the Chief Scientist of the Heliophysics Division at NASA Headquarters. In this role, he directed overall development efforts for the Heliophysics space science program in Solar, Heliospheric, Magnetospheric, and Ionospheric, Thermospheric, and Mesospheric physics. Previously, he was a Program Scientist at NASA Headquarters where he served as Program Scientist for the Living with a Star mission and science line, grant research lines, and Heliophysics and Planetary missions.

Prior to joining NASA, he was Supervisor of the Earth and Planetary Atmospheres Section at the Johns Hopkins University Applied Physics Laboratory (APL), where his research focused on developing remote sensing techniques and data analysis and modeling of geophysical and planetary phenomena.

 “We are excited to welcome Dr. Talaat as the next CEO of USRA. We firmly believe he is the ideal leader to guide the organization into its next phase of growth and success,” said Gen Lester Lyles, Chair of the Board of Trustees. “Dr. Talaat brings extensive leadership experience and a strong track record of success from his time at NOAA, NASA, and APL, which will enhance USRA’s credibility and collaboration with these key agencies and with our University Association. He has demonstrated an exceptional ability to build coalitions with both existing and prospective partners, always with a focus on addressing future customer needs. Additionally, his forward-thinking vision for leveraging USRA’s unique University Association value proposition positions the organization for continued success. We are excited to see how Dr. Talaat will build upon Dr. Isaacson’s remarkable legacy and drive USRA towards an even brighter future.”

Dr. Talaat received his Bachelor of Science in Aeronautics and Astronautics Engineering from the University of Washington, and a Master of Science and Doctorate from the University of Michigan in Atmospheric and Space Sciences. He has authored or collaborated on over 60 journal papers and over 250 conference papers.

About USRA

Founded in 1969, under the auspices of the National Academy of Sciences at the request of the U.S. Government, the Universities Space Research Association (USRA) is a nonprofit corporation chartered to advance space-related science, technology, and engineering. USRA operates scientific institutes and facilities and conducts other major research and educational programs. It is an association with 121 university members. It engages the broader university community, employs in-house scientific talent, and offers innovative research, development, and project management expertise. More information about USRA is available at www.usra.edu.

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Neusoft Showcases Comprehensive AI-powered Solutions for Intelligent Mobility at CES 2025

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January 7, 2025

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LAS VEGAS, Jan. 7, 2025 /PRNewswire/ — Neusoft Corporation (Neusoft, SSE:600718), an industry-leading information technology, products and solutions company for global market, attended the Consumer Electronics Show 2025 (CES) and showcased a comprehensive range of intelligent automotive products, solutions and services powered by AI and driven by data. Under the theme “Dive In”, CES 2025 highlights the rapid advancement of AI technologies and their infiltration into various industries. Having launched its intelligent solutions strategy early last year, Neusoft attracted great attention at CES, demonstrating its steadfast commitment to global cooperation in driving the digital and intelligent transformation of the automotive industry.

At the exhibition, Neusoft showcased its intelligent cockpit systems, intelligent communication terminals, global navigation, AR-HUD, as well as its full-stack, all-domain automotive software engineering services. Among the highlights of Neusoft’s display was its OneCoreGo Global In-vehicle Intelligent Mobility Solution 5.0. With “One Map, One Sight, and One Store” product system, this innovative solution integrates Neusoft’s years of software technology expertise, its Navigation Product Family (Global Navigation, EHP, ISA, DR), AR For Car products, and global ecosystem partners’ resources, to build a comprehensive and intelligent one-stop solution, enabling global automakers to cater to the diverse mobility demands of users worldwide and deliver exceptional in-vehicle intelligent mobility experience.

As a key technology and innovation partner of automakers in the era of Software-Defined Vehicle (SDV), Neusoft possesses over 30 years of experience in automotive software R&D and provides a comprehensive range of automotive products, solutions and services to automakers & tier1 suppliers for their SDV transformation. With a global R&D and delivery network centered in China, Germany, Japan, US, and Malaysia, Neusoft’s automotive products and services have been applied to 1,800+ vehicle models, across 100+ countries, serving 50+ globally renowned automakers.

Looking into the future, Neusoft will stay aligned with the latest industry trends and evolving customer demands, continuously innovate in technology and products, collaborate with global ecosystem partners, to drive the mobility experience towards a future of unparalleled connectivity and intelligence.

For more information about Neusoft, please visit www.neusoft.com.

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