The Business Research Company’s report on the Anomaly Detection Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the anomaly detection market?
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, February 2024, 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.
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How has the anomaly detection market size evolved, and what are the latest forecasts for its expansion?
The anomaly detection market size has grown rapidly in recent years. It will grow from $5.5 billion in 2024 to $6.2 billion in 2025 at a compound annual growth rate (CAGR) of 12.7%. 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 $12.04 billion in 2029 at a compound annual growth rate (CAGR) of 18.1%. 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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Which major companies dominate the anomaly detection market?
Major companies operating in the anomaly detection market include 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.
What trends will shape the future of the animal based protein supplements market?
Technology advancement is a trend gaining popularity in the anomaly detection market. The major companies operating in the anomaly detection market are focused on developing technologically advanced products to strengthen their market position. For instance, in June 2022, International Business Machine Corporation (IBM) a US-based technology company announced IBM Cloud Pak for Watson AIOps V3.4. This employs AI and machine learning to monitor IT environments in real time for unusual patterns indicative of potential threats or issues. This solution integrates with existing IT management tools, offering predictive analytics that help organizations foresee disruptions and optimize operational performance. The enhancements are crucial for businesses adopting new technologies like cloud computing and edge devices.
Which region dominates the anomaly detection market, and what factors contribute to its leadership?
North America was the largest region in the anomaly detection market in 2024.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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How is the anomaly detection market segmented, and which segment holds the largest share?
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 Defense, Medical Care, Other Verticals
Subsegments:
1) By Solutions: Software Solutions, Machine Learning Algorithms, Statistical Analysis Tools, Real-Time Monitoring Systems, Cloud-Based Anomaly Detection Platforms
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services, Data Analysis Services
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How is the anomaly detection market defined?
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.
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