NETWORK DETECTION AND RESPONSE (NDR) MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Market News

Recent Developments:

New product launches:

• In September 2023, Mission Secure delivers OT cybersecurity assessments and a complete OT security platform, introduced its latest ransomware protection solution tailored for operational technology (OT) and industrial control system (ICS) networks. Engineered for swift deployment and immediate risk mitigation, this solution equips organizations with essential tools to address security vulnerabilities and inhibit the dissemination of harmful malware within industrial settings.

• In July 2023, Trend Micro is an American-Japanese cyber security software company, Incorporated, a prominent figure in the global cybersecurity landscape, unveiled Trend Vision One™ – Endpoint Security as its newest addition to the advanced cybersecurity platform. This integrated solution combines prevention, detection, and response capabilities across user endpoints, servers, cloud environments, and data centers. Designed to assist clients in their IT modernization journeys, the platform offers a holistic approach to security.

• In January 2023, Sophos, a British-based security software and hardware company, unveiled its Network Detection and Response (NDR) solution, which has quickly demonstrated tangible benefits for organizations aiming to bolster their protection against advanced adversaries and unforeseen threats.

Acquisition and partnerships:

• In October 2022, Google Cloud, a suite of cloud computing services, acquired Siemplify, a security orchestration, automation, and response (SOAR) provider, to integrate its security orchestration, automation and response capabilities into Google Chronicle's NDR platform.
• In September 2022, SentinelOne is an American cybersecurity company, acquired Attivo Networks provides required visibility and actionable, substantiated alerts to detect, isolate, and defend against cyber-attacks, to enhance identity threat detection across cloud, data centers, and endpoints.
• In September 2023, WatchGuard® Technologies, a worldwide frontrunner in integrated cybersecurity, revealed its acquisition of CyGlass Technology Services. CyGlass is recognized for its cloud and network-focused threat detection and response solutions, aiding organizations in identifying risks, thwarting threats, and validating compliance.