Technology

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

Published

4 months ago

September 6, 2024

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 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

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Technology

For Fourth Year, Everspring Recognized Among Chicago’s Best Places to Work

Published

41 minutes ago

January 8, 2025

Award Recognition Reflects Company’s Continued Momentum, Growth and Innovation in Higher Ed Technology

CHICAGO, Jan. 8, 2025 /PRNewswire/ — Everspring, a rapidly growing force in education technology, today announced its recognition on Built In’s 2025 Best Places to Work Awards, earning a coveted spot on Chicago’s 100 Best Midsize Companies list. This achievement comes at a pivotal moment for Everspring, following the successful launch of its VIA enrollment marketing platform and continued strategic partnerships that enable universities to adapt and thrive in a dynamic higher ed landscape.

“This recognition reflects the extraordinary momentum we’re experiencing at Everspring,” says Beth Hollenberg, CEO of Everspring. “Our team’s innovative spirit and dedication to transforming higher education have created an environment where top talent thrives. As we continue to expand our technology solutions and deepen our university partnerships, this award validates our commitment to fostering a workplace that attracts and retains the industry’s brightest minds.”

The honor arrives as Everspring expands its comprehensive education services with powerful SaaS technology offerings. The company’s recent launch of VIA, its enrollment marketing intelligence platform, exemplifies how Everspring’s growing suite of solutions addresses critical challenges in higher education, from disconnected data to enrollment optimization.

“Being recognized as a Best Place to Work is a testament to these companies’ commitment to building a workplace where individuals and innovation thrive,” says Built In CEO and Founder, Maria Christopoulos Katris. “At Built In, we understand that great companies are powered by great teams, and this achievement showcases their dedication to fostering a culture of growth, inclusivity, and excellence. Congratulations on this well-deserved honor.”

Built In determines the winners of Best Places to Work using company data about compensation and benefits, weighing criteria such as remote and flexible work opportunities, DEI programs, and other people-first cultural offerings that today’s tech professionals value most.

About Built In
Built In is the “always on” recruiting platform that reaches the tech professionals that other leading recruiting platforms don’t. Designed to help companies hire expert tech talent, Built In continuously drives brand awareness with content. Monthly, millions of the industry’s most in-demand global tech professionals visit our site to stay ahead of tech trends and news, learn skills to accelerate their careers, find the right job opportunities and get hired. Thousands of companies, from fast-growing startups to the largest enterprises rely on Built In. www.builtin.com

About Built In’s Best Places to Work
Built In’s annual Best Places to Work program honors companies with the best total rewards packages across the U.S. and in the following tech hubs: Atlanta, Austin, Boston, Chicago, Colorado, Dallas, Houston, Los Angeles, Miami, New York, San Diego, San Francisco, Seattle and Washington DC. Best Places to Work is distinct because its algorithm selects tech companies that build their offerings specifically around what tech professionals value in a workplace. https://employers.builtin.com/best-places-to-work

About Everspring
Everspring is a leading provider of education technology and services solutions for higher education. Our advanced technology, proven marketing approach, and robust faculty support and instructional design services deliver outstanding outcomes for our university partners, powering their success online. Everspring offers a range of full-service turnkey solutions, as well as standalone fee-for-service offerings, and innovative self-service products that enable universities to establish themselves as leaders in the digital delivery of higher education. Based in Chicago, Everspring serves a growing number of colleges and universities nationwide.

Visit www.everspringpartners.com for more information.

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Technology

HCMF Group Unveils Cutting-Edge Smart Cockpit and Body Mechatronic Systems at CES 2025

Published

41 minutes ago

January 8, 2025

LAS VEGAS, Jan. 8, 2025 /PRNewswire/ — HCMF Group, a global leader in Tier 1 automotive parts and systems, is proud to unveil its groundbreaking advancements in smart cockpit and body mechatronic systems at CES 2025, held from January 7 to January 9. Partnering with industry leaders such as AUO, AGC, Inventec, TMYTEK (TMY Technology Inc.), BenQ Materials, and KINPO GROUP, HCMF is redefining intelligent mobility through transformative innovations and unmatched integration capabilities.

HCMF’s showcase features its integrated vehicle control system, developed with Inventec, which centralizes functionalities onto the front dashboard. This system combines an intuitive user interface, a UWB electronic key, and wireless charging, offering a seamless and futuristic cockpit experience. Also debuting is HCMF’s Micro LED transparent smart window technology, created with AUO and AGC. These high-transparency touch displays are integrated into rear car windows with patented window regulator mechanism, enabling applications such as real-time driving information, AR gaming, personal calendars, and rear-view mirror functions for enhanced convenience and safety.

HCMF’s smart glass solutions, developed with BenQ Materials, deliver privacy and energy efficiency through advanced PDLC 98 black dimming film. These materials block heat and UV rays while providing futuristic aesthetics. Passenger safety takes center stage with the second-generation Child Presence Detection (CPD) system, introduced with TMYTEK. Capable of detecting subtle life signs such as heartbeats and breathing, this system sends real-time alerts to the user’s smartphone, preventing safety risks for children or pets left inside the vehicle.

For rear-seat entertainment, HCMF introduces its foldable 28.6-inch, 32:9 ceiling display featuring JET OPTO’s dual-view single-screen technology. Passengers can view separate content or participate in virtual meetings, redefining in-car leisure and productivity. The company also showcases systems tailored for electric vehicles, such as a front hood automatic opening system and a centralized door control system (DCU) that combines E-latch, radar-based collision avoidance, and automatic opening mechanisms. Additionally, the innovative automatic tailgate system, developed with KINPO GROUP, delivers a user-friendly experience by overcoming traditional design limitations.

Jeffrey Hsi, Chief Innovation Officer of HCMF Group, remarked, “CES 2025 is a pivotal platform for HCMF to showcase its leadership in smart cockpit and body mechatronic systems. We are committed to driving innovation and breakthroughs, advancing automotive technology to deliver safer, more convenient, and enjoyable smart mobility experiences for consumers worldwide.”

HCMF’s participation at CES 2025 underscores its leadership in smart cockpit technologies and collaborative innovation with global partners. From enhancing passenger safety to redefining in-car entertainment and advancing intelligent mobility, HCMF is setting new benchmarks in automotive intelligence and automation. The company remains focused on innovation-driven research and development, delivering future-ready solutions that create value for the global automotive industry and its consumers.

About HCMF Group

HCMF was established in 1961 and as a global automobile Tier 1 system supplier with more than 60 years experience in design and manufacturing. HCMF has around 40 sites globally to provide tailored service to our customers. Our vast knowledge and expertise through years of product experience provide solutions to satisfy our customer needs. We believe strongly in upholding integrity and cooperation to maximize benefits to our customers and partners.

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Technology

DELFI Diagnostics to Participate in J.P. Morgan Healthcare Conference

Published

41 minutes ago

January 8, 2025

Leader in liquid biopsy, cancer screening, and monitoring speaks at largest healthcare investment symposium

BALTIMORE and PALO ALTO, Calif., Jan. 8, 2025 /PRNewswire/ — DELFI Diagnostics, Inc., developer of accessible blood-based, liquid biopsy tests that deliver a new way to enhance early cancer detection, today announced the company will participate in the upcoming 43rd Annual J.P. Morgan Healthcare Conference in San Francisco.

The company’s management is scheduled to present and participate in a Q&A session on Thursday, January 16, 2025, at 7:30 a.m. PT/10:30 a.m. ET. To learn more about DELFI Diagnostics, visit DELFIDiagnostics.com

About DELFI Diagnostics
DELFI Diagnostics is developing next-generation, blood-based tests that are accurate, accessible, and deliver a new way to help detect cancer. DELFI tests are built to solve the highest-burden population health issues, including in historically underserved demographics, and have the potential to save lives on a global scale. FirstLook Lung, for individuals eligible for lung cancer screening, is our first laboratory-developed screening test and requires a simple blood draw that can be incorporated with routine blood work. The test is based on fragmentomics, the discovery that cancer cells are more chaotic than normal cells and, when they die, leave behind tell-tale patterns and characteristics of cell-free DNA (cfDNA) fragments in the blood. The DELFI platform applies advanced machine-learning technology to whole-genome sequencing data to assess individuals’ cfDNA fragments against populations with and without cancer. FirstLook Lung uses these millions of data points to reliably identify individuals who may have cancer detected through low-dose CT, including early-stage disease, with a negative predictive value of 99.8 percent. This test has not been cleared or approved by the FDA.

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SOURCE DELFI Diagnostics