Anomaly Detection Market Analysis, Drivers, Opportunities, Trends and Growth Forecast To 2027

Anomaly Detection Market?Scenario:

The global?Anomaly Detection Market?is likely to touch USD 5 billion at a 15 % CAGR between 2020- 2027, reveals the latest Market Research Future (MRFR) report. Anomaly detection is a process for identifying anomalies like an unusual shift in the event or process in an operation which does not follow the expected dataset or pattern.

Various factors are fuelling the global anomaly detection market growth. As per the recent MRFR market estimates, such factors include the increasing number of connected devices in a network, increasing adoption of black-box trading by market traders, rising threats among enterprises like fraudulent activities and cyber espionage, increasing number of connected devices in different industries such as government, defence, IT and telecom, manufacturing, healthcare, and banking and financial sector, and the increasing use during COVID-19 pandemic.

On the contrary, the presence of open-source alternatives, lack of technical expertise, and asymmetric faults detection may limit the global anomaly detection market growth over the forecast period.

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Competitive Outlook:

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The established players of the global market of anomaly detection are SAS Institute, Inc. (U.S.), Hewlett Packard Enterprise Company (U.S.), Cisco Systems, Inc. (U.S.), Dell Technologies, Inc. (U.S.), Splunk, Inc. (U.S.), Symantec Corporation (U.S.),?International Business Machines Corporation (U.S.), Trend Micro, Inc. (Japan), Wipro Limited (India), Gurucul (U.S.), Securonix, Inc. (U.S.), Happiest Minds (India), Guardian Analytics (U.S.), and a few others.

Segmentation:

• The worldwide anomaly detection market can be distinguished on the grounds of the solution, service type, application, deployment, industry vertical, and region.
• On the grounds of the solution, the worldwide anomaly detection market can be distinguished into anomaly detection, user behaviour anomaly detection, and network behaviour.
• On the grounds of service type, the worldwide anomaly detection market can be distinguished into professional service and managed service.
• On the grounds of application, the worldwide anomaly detection market can be distinguished into fraud detection, intrusion detection, system health monitoring, fault detection and others.
• On the grounds of deployment, the worldwide anomaly detection market can be distinguished into the cloud and on the premise.
• On the grounds of industry vertical, the worldwide anomaly detection market can be distinguished into retail, manufacturing, banking and financial services, IT and telecom, aerospace and defence, government, healthcare, and others
• On the grounds of the region, the worldwide anomaly detection market can be distinguished into Europe, North America, Asia-Pacific, and the Rest of the World (RoW).

Regional Analysis:

By region, the global anomaly detection market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, and Rest of the World (RoW). Of these, North America will steer the market over the forecast period. Growing trends like BYOD that is largely adopted in large enterprises leading to productivity and improved performance, higher concentration of companies offering software, services, and solutions for anomaly detection, and high adoption in security agencies and government are adding to the global anomaly detection market growth in the region. The United States holds the utmost market share.?

In Europe, the anomaly detection market is predicted to hold the second-largest share over the forecast period. Technological advancements coupled with investments made by key players are adding to the global anomaly detection market growth in the region.?

In the APAC region, the anomaly detection market is predicted to grow at a fast pace over the forecast period for increasing development in IT sector.?

In RoW, the anomaly detection market is predicted to have sound growth over the forecast period.?

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Table of Contents:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

Continued….

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