Anomaly Detection Market Research Report– by Service (Professional, Managed), Solution (Network Behavior, User Behavior), Deployment (On-Cloud, On-Premise), Vertical (BFSI, Retail, IT & Telecom, Healthcare), and by Application - Forecast till 2023
Leading players in the Anomaly Detection Market include IBM Corp., Cisco Systems Inc., Hewlett Packard Enterprise Company, Trend Micro Inc., Wipro Limited, Gurucul, Guardian Analytics, Sensewaves, Cryptomage, Nexosis, Sentryo, Anodot, ThetaRay, OtoSense, Arundo Analytics, Aqua-Q, Cloudmark, PatternEx, Coscale, Prelert, Allure Security Technology, Scaled Inference, Cycuro, RazorSecure, Acerta, NewSky Security, Happiest Minds, Securonix Inc., Splunk Inc., Symantec Corporation, Dell Technologies Inc., and SAS Institute.
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Market Research Future (MRFR) has released a new research report about the Anomaly Detection Market. The report assesses the Anomaly Detection Market from all angles, delivering a comprehensive picture of the market for the benefit of readers operating at all levels in the market. The regional segmentation of the Anomaly Detection Market is assessed in detail in order to familiarize readers with the strongest regional markets to invest in. Competitive strategies in the market are also elaborated upon in order to provide readers with a clear idea of the successful strategies in the market. The Anomaly Detection Market is expected to reach a valuation of USD 5 billion by 2023 at a CAGR of 15% during the forecast period (2017-2023).
Anomaly detection, also called outlier detection, is a system to detect the occurrence of outliers in a given data analysis system. The occurrence of rare events in any given data set can be a cause for concern, as any system is designed to work in a specific range of data points. The Anomaly Detection Market has risen in demand over the last few years due to the growing concern about digital security and reliability of data mining systems. Any deviation from the norm in a given data set could be an indication of a defect or error with potentially harmful consequences. Due to the need to eliminate the chances of cyber-attacks and system breakdowns, anomaly detection systems are being employed in various sectors. The growing reliance of enterprises in various sectors on digital tools and the growing concern about cyber security are likely to propel the Anomaly Detection Market over the forecast period.
The growing use of connected devices is likely to be a major driver for the Anomaly Detection Market over the forecast period. The larger the network, the more chances there are of a deviation arising in its data patterns. This is likely to remain a major driver for the Anomaly Detection Market over the forecast period, as connected devices are likely to become a major feature of global enterprises over the coming years.
The Anomaly Detection Market is segmented on the basis of service type, solution, deployment, vertical, application, and region.
On the basis of service type, the Anomaly Detection Market is segmented into professional and managed services. The former is further segmented into installation and maintenance services, support and maintenance services, and consulting services.
On the basis of solution, the Anomaly Detection Market is segmented into network behavior anomaly detection and user behavior anomaly detection.
On the basis of deployment, the Anomaly Detection Market is bifurcated into cloud and on-premise.
On the basis of vertical, the Anomaly Detection Market is segmented into BFSI, retail, manufacturing, IT and telecom, government, aerospace and defense, healthcare, and others.
By application, the anomaly detection market is segmented into intrusion detection, fraud detection, system health monitoring, fault detection, and others.
The Anomaly Detection Market is segmented by region into North America, Europe, Asia Pacific, and rest of the world. Of these, North America is likely to remain the leading regional market for anomaly detection systems due to the growing adoption of BYOD schemes in workplaces in the region. Due to the widespread availability of high-speed internet, remote working has also become a popular option among workplaces in North American countries such as the U.S. and Canada. This has led to a growing dependence on BYOD mechanisms to ensure smooth operation. However, this has also led to an increased risk in terms of cyber security, as the increased number of devices in the network increases the risk of intrusion proportionately. Government and defense agencies in countries such as the U.S. are among the leading adopters of anomaly detection systems due to the highly sensitive nature of the data in their control, which is likely to remain a major driver for the anomaly detection market in North America over the forecast period.
Europe is also likely to be a major regional market for anomaly detection systems over the forecast period, for similar reasons. The high level of technological advancement in North America and Europe has resulted in an increased need for anomaly detection systems. Asia Pacific is also likely to emerge as a significant regional market for anomaly detection systems over the forecast period due to the rapid growth of the IT sector in the region.
LIST OF TABLES
Table1 World Population By Major Regions (2017 To 2030)
Table2 Anomaly Detection Market: By Region, 2017-2023
Table3 North America Anomaly Detection Market: By Country, 2017-2023
Table4 Europe Anomaly Detection Market: By Country, 2017-2023
Table5 Asia Pacific Anomaly Detection Market: By Country, 2017-2023
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LIST OF FIGURES
FIGURE 1 Anomaly Detection Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Anomaly Detection Market
FIGURE 4 Value Chain Of Anomaly Detection Market
FIGURE 5 Share Of Anomaly Detection Market In 2017, By Country (In %)
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