Overview and Scope
Anomaly detection refers to the detection of unexpected occurrences, observations, or objects that greatly depart from the usual. Another name for it is outlier detection. Standard deviations, outliers, noise, novelty, and exceptions are other names for data anomalies.
Sizing and Forecast
The anomaly detection market size has grown rapidly in recent years. It will grow from $4.94 billion in 2023 to $5.62 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to customer experience and service optimization, regulatory compliance, industrial and manufacturing process monitoring, healthcare and medical diagnostics, financial fraud prevention, iot and sensor data..
The anomaly detection market size is expected to see rapid growth in the next few years. It will grow to $10.07 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%. The growth in the forecast period can be attributed to customer experience enhancement, compliance and regulatory requirements, industrial and manufacturing process optimization, rapidly growing data complexity, cybersecurity threat evolution, advancements in ai and machine learning. Major trends in the forecast period include advanced ai and machine learning techniques, real-time anomaly detection, explainable ai in anomaly detection, unsupervised and semi-supervised learning, interdisciplinary applications..
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Segmentation & Regional Insights
The anomaly detection market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Technology: Big Data Analytics, Data Mining and Business Intelligence, Machine Learning and Artificial Intelligence
3) By Deployment Type: Cloud, On-Premises, Hybrid
4) By Application: Intrusion Detection, Fraud Detection, Defect Detection, System Health Monitoring
5) By Vertical: Banking, Financial Services, and Insurance (BFSI), Retail, Manufacturing, IT and Telecom, Government, Aerospace and Defence, Medical Care, Other Verticals
Top Major Players:
SAS Institute Inc
Cisco Systems Inc.
Dell Technologies Inc.
Hewlett Packard Enterprise Company
Symantec Corporation
North America was the largest region in the anomaly detection market in 2023.
North America was the largest region in the anomaly detection market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the anomaly detection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing number of connected devices is expected to propel the growth of the anomaly detection market going forward. Connected devices are physical smart devices that can be connected via the internet with each other to share data and information within an organization. Anomaly detection is commonly used on connected devices for monitoring the devices connected to a network and to protect data traffic in an organization or household. For instance, according to an article published by DataProt, a US-based website dedicated to providing information about cybersecurity products, in 2021, there were more than 10 billion active connected devices in the world which are expected to surpass 25 billion connected devices by 2030. Therefore, the growing number of connected devices is driving the anomaly detection market growth.
Key Industry Players
Major companies operating in the anomaly detection market report are SAS Institute Inc., Cisco Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Company, Symantec Corporation, Trend Micro Incorporated, Splunk Inc., Wipro Limited, Securonix Inc., Gurucul Solutions LLC, Guardian Analytics Inc., Happiest Minds Technologies Pvt Ltd, International Business Machines Corporation, Verint Systems Inc., Anodot Ltd., Microsoft Corporation, Flowmon Networks a. s., LogRhythm Inc, Rapid7 Inc., Trustwave Holdings Inc., Varonis Systems Inc, WSO2 Inc., Datadog Inc., Darktrace Limited, Sumo Logic Inc., ExtraHop Networks Inc., McAfee Corp., Exabeam Inc., Vectra AI Inc., Fortinet Inc., Plixer International Inc., SolarWinds Worldwide LLC, Fair Isaac Corporation, RapidMiner Inc., TIBCO Software Inc., Veriato Inc., LogicMonitor Inc., Cybereason Inc., Uptycs Inc., Awake Security Inc., ThreatConnect Inc., New Relic Inc.
The anomaly detection market report table of contents includes:
1. Executive Summary
2. Anomaly Detection Market Characteristics
3. Anomaly Detection Market Trends And Strategies
4. Anomaly Detection Market – Macro Economic Scenario
5. Global Anomaly Detection Market Size and Growth
…
31. Global Anomaly Detection Market Competitive Benchmarking
32. Global Anomaly Detection Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Anomaly Detection Market
34.Anomaly Detection Market Future Outlook and Potential Analysis
35. Appendix
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