DUBLIN--(BUSINESS WIRE)--The "Anomaly Detection Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global anomaly detection market is expected to grow from $3.83 billion in 2021 to $4.47 billion in 2022 at a compound annual growth rate (CAGR) of 16.7%. The anomaly detection market is expected to grow to $8.00 billion in 2026 at a CAGR of 15.7%.
The main types of components in anomaly detection are services and solutions. Solution anomaly detection refers to a set of activities conducted for the development and sales of anomaly detection tools to provide solutions in the organization. Anomaly detection solutions are software that is commonly used by various firms using or managing large databases to provide smooth functioning of business operations.
The anomaly detection is deployed on cloud, on-premises, and hybrid models and use several technologies such as big data analytics, data mining and business intelligence, machine learning and artificial intelligence. The various applications include intrusion detection, fraud detection, defect detection, and system health monitoring. It is employed in various verticals such as banking, financial services, and insurance (BFSI), retail, manufacturing, IT and telecom, government, aerospace, and defense, medical care, and others.
North America was the largest region in the anomaly detection market in 2021. 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 and Africa.
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 growth of the anomaly detection 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 February 2020, Cisco Systems, a US-based technology company, introduced its advanced new machine learning capabilities for IoT control management known as Cisco Cyber Vision.
It is based on the Cisco IOx network operating system, which offers both information technology (IT) and operational technology solutions capable of collaborating to provide cyber threat protection within existing IT security tools and industrial operations. It would be used to optimize billing and improve data security by providing anomaly detection and smart billing options in connectivity management platforms for clients using new wireless technologies such as 5G, Wi-Fi 6, and new advanced IoT industrial devices, increasing customer satisfaction.
In November 2021, Progress Software Corporation, a US-based software company, acquired Kemp Technologies for an undisclosed amount. With this acquisition, Progress would extend its capabilities with the addition of Application Experience management to its portfolio of market-leading products in DevOps, Application Development, Data Connectivity, and Digital Experience. Kemp Technologies is a US-based company that provides anomaly detection services.
The countries covered in the anomaly detection market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Major players in the anomaly detection market are
- SAS Institute Inc.
- Cisco Systems Inc.
- Dell Inc.
- Hewlett Packard Enterprise Company
- Symantec Corp
- Trend Micro Incorporated
- Splunk Inc.
- Wipro Limited
- Securonix Inc.
- Gurucul
- Guardian Analytics
- Happiest Minds
- International Business Machines Corporation
- Verint Systems Inc.
- Anodot Ltd.
- Microsoft Corp
- Flowmon Networks
- LogRhythm Inc
- Rapid7 Inc.
- Trustwave Holdings Inc.
- Varonis Systems Inc.
- WSO2 Inc.
Key Topics Covered:
1. Executive Summary
2. Anomaly Detection Market Characteristics
3. Anomaly Detection Market Trends And Strategies
4. Impact Of COVID-19 On Anomaly Detection
5. Anomaly Detection Market Size And Growth
5.1. Global Anomaly Detection Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Anomaly Detection Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Anomaly Detection Market Segmentation
6.1. Global Anomaly Detection Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Solutions
- Services
6.2. Global Anomaly Detection Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Big Data Analytics
- Data Mining and Business Intelligence
- Machine Learning and Artificial Intelligence
6.3. Global Anomaly Detection Market, Segmentation By Deployment Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Cloud
- On-Premises
- Hybrid
6.4. Global Anomaly Detection Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Intrusion Detection
- Fraud Detection
- Defect Detection
- System Health Monitoring
6.5. Global Anomaly Detection Market, Segmentation By Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Banking, Financial Services, and Insurance (BFSI)
- Retail
- Manufacturing
- IT and Telecom
- Government
- Aerospace and Defence
- Medical Care
- Other Verticals
7. Anomaly Detection Market Regional And Country Analysis
7.1. Global Anomaly Detection Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Anomaly Detection Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
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