The global anomaly detection market is anticipated to grow at a significant CAGR of 15.8% during the forecast period. Increasing fraud detection in online transactions is expected to boost the growth of the global anomaly detection market. Moreover, there is increasing penetration of connected devices in various industries including BFSI, IT & telecom, healthcare, government and defense, and others which tend to further drive the growth of the anomaly detection industry. These industries generate and deal with important data regularly, which makes these industries vulnerable to getting exposed to serious thefts, fraud, and hacking. Thereby, the demand for anomaly detection solutions in such industries increases to prevent criminals from gaining control over the firm’s infrastructure.
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As several countries gradually release social distancing measures, rapid detection of new localized COVID-19 hotspots and subsequent intervention will be key to avoiding a large-scale resurgence of transmission. During COVID-19 Pandemic, the organizations’ applied AI/ML learning algorithms to proactively surface anomalies and root causes negatively impacting business transactions. This functionality frees IT resources from tedious root cause analysis, enabling them to focus on innovation for business impact. According to Cisco Systems, Inc., applications are used more often and at a greater scale due to the COVID-19 pandemic. August 2020 saw four times as many anomalies per application as January 2020.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Anomaly Detection Market by Deployment
- On-Premises
- Cloud-Based
Global Anomaly Detection Market by End-Users
- BFSI
- Manufacturing
- IT and Telecom
- Healthcare
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Anodot, Ltd.
- Flowmon Networks A.S.
- Guardian Analytics, Inc.(NICE Actimize)
- Happiest Minds Technologies Pvt. Ltd.
- Hewlett Packard Enterprise Co.
- LogRhythm, Inc.
- Microsoft Corp.
- Netskope, Inc.
- Rapid7
- Trend Micro Inc.
- Trustwave Holdings, Inc
- Varonis Systems, Inc.
- Wipro Ltd.
- WSO2 Inc.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global anomaly detection market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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