Anomaly Detection Market Segmentation by Verticals (IT & Telecom, Manufacturing, Retail, Healthcare, and Others); by Deployment (Cloud, On-Premises, and Hybrid); and by Solution (User Behavior, and Network Behavior Anomaly Detection)-Global Demand Analysis & Opportunity Outlook 2031

Global Anomaly Detection Market Highlights Over 2022 - 2031

The global anomaly detection market is estimated to grow at ~15% CAGR over the forecast period, i.e., 2022 – 2031.  Moreover, the market registered a revenue of about USD 4 Billion in 2021.  The growth of the market can be attributed to businesses finding solutions to the strange patterns in the network data traffic, considering the fraudulent activities and hacking attempts. Moreover, there has been growing awareness related to the anomaly detection process for finding fraud in online transactions in the banking and financing sectors. Furthermore, there has been an increase in the digital economy considering the adoption of digital means for storing data and transactions. As per the World Bank, the digital economy accounts for 15.5 percent of the global GDP and has grown 2.5 times faster than the global GDP over the last 15 years. On the other hand, the increase in the digital economy will give rise to the threat from attackers, and spammers, and that is expected to increase the growth of the global anomaly detection market. Moreover, there has been an increase in the demand from IT industries for anomaly detection in software testing to find better solutions.

GET A SAMPLE COPY OF THIS REPORT
 

The global anomaly detection market is segmented by solution into user behavior, and network behavior anomaly detection. Out of these, the network behavior anomaly detection segment is anticipated to hold the largest share over the forecast period in the global anomaly detection market. This can be attributed to the rise in hacking and fraudulent activities in organizations that is increasing the growth of network behavior anomaly detection in firewalls.

Global Anomaly Detection Market Regional Synopsis

Regionally, the global anomaly detection market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the North America region is estimated to witness modest growth over the period on the back of advancements in the organizations’ infrastructure that are adopting cloud-based infrastructure for data storage. Furthermore, there has been an increase in the risk of fraud in the banking sector for digital transactions. According to the U.S. Bureau of Economic Analysis, the digital economy in the U.S accounts for 10.2 percent of the total U.S. GDP. Moreover, continuous improvement of technology in government organizations is expected to drive the growth of the anomaly detection market in the North American region.

Market Segmentation

Our in-depth analysis of the global anomaly detection market includes the following segments:

By Verticals

• IT & Telecom

• Manufacturing

• Retail

• Healthcare

• Others

By Deployment

• Cloud

• On-Premises

•  Hybrid

 By Solution

• User Behavior Anomaly Detection

• Network Behavior Anomaly Detection

Growth Drivers and Challenges Impacting the Growth of the Global Anomaly Detection Market

Growth Drivers

• Growing awareness related to anomaly detection for finding fraud in online transactions

• Increase in the use of anomaly detection in software testing

Challenges

• Lack of expertise to handle anomaly detection process

• Risk of better accessible option in future as compared to anomaly detection

Key Companies Dominating the Global Anomaly Detection Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global anomaly detection market that are included in our report are Microsoft Corporation, Cisco Systems, Inc., IBM Corporation, Securonix, Aqueduct Technologies, Inc., LogRhythm, Inc., Trustwave Holdings, Inc., Trend Micro Incorporated., Anodot Ltd., GreyCortex s.r.o., and others.

Latest Developments in the Global Anomaly Detection Market:

• 21 July 2021:  Securnonix, announced a strategic partnership with Snowflake, with the launch of the 'Bring your own Snowflake'. The new programme enables joint customers to benefit from Securonix's fully managed SaaS SIEM solution without the cost and limitations of traditional SIEM solutions.

• 19 May 2022: LogRhythm, Inc., announced a partnership with Real Security to provide organizations with security tools to detect and respond to cyberthreats.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the client's requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

.