Global Anomaly Detection Market weighed to be worth US $ 5 BN due to emergence of high-performance data analysis
Anomaly detection is a process that can identify anomalies in an operation that does not follow the expected pattern or dataset. Market Research Future (MRFR) has published and released a research report about the global anomaly detection market that weighs rise for this market at 15% CAGR (Compound Annual Growth Rate) between 2017 and 2023. By value, the market has been figured to be worth the US $ 5 bn by the end of forecast period.
The essential factor aiding the global anomaly detection market growth is the increasing number of connected devices in a network. The second factor leading the market towards growth is the emergence of high-performance data analysis, Internet of Things (IoT), Bring Your Own Device (BYOD), & Industrial IoT (IIoT) because these things are prone to cyber-attacks. A third factor contributing to the market growth is increasing the use of anomaly detection in software testing in order to supervise the functionality of the software. However, some factors that can hamper the market growth include high costs, the occurrence of asymmetric faults in the open-source model, lack of skilled workforce, the threat from open-source alternatives, and security breaches associated with anomaly detection.
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The global anomaly detection market can be segmented on the basis of deployment, application, service type, industry vertical, solution, and lastly, region. Regarding deployment, this market can be segmented into cloud deployment and on-premise deployment. The application-based segmentation segments the market into fraud detection, fault detection, system health monitoring, intrusion detection, and others.
As per service type, the market can be segmented into installation & maintenance, consulting service, and support & maintenance. Based on industry vertical, the market segmentation covers banking and financial services (BFSI), aerospace & defense, healthcare, government, manufacturing, information technology (IT) & telecom, retail, and others. With regards to the solution-based segmentation, the market has been segmented into user behavior anomaly detection and network behavior anomaly detection.
The regional segmentation of the global anomaly detection market can segment the market into the regional markets known as North America, Europe, Asia Pacific, and the rest of the world (RoW). North America is the most crucial regional market due to investment in research and development (R&D) activities, growing trends of BYOD, strong IoT in this region, and the presence of many major market players in this region, and robust economies like USA and Canada. After these two countries, the country-specific market that generates maximum revenue in this region is Mexico.
The key players for the global Anomaly Detection Market include Allure Security Technology (USA), Acerta (Canada), Aqua-Q (Sweden), Anodot (Israel), Arundo Analytics (USA), Cloudmark (USA), Cisco Systems Inc. (USA), Cryptomage (Poland), Coscale (Belgium), Cycuro (Israel), Dell Technologies Inc. (USA), Gurucul (USA), Guardian Analytics (USA), Hewlett Packard Enterprise Company (USA), Happiest Minds (India), International Business Machines Corporation (USA), Nexosis (USA), NewSky Security (USA), OtoSense (France), Prelert (USA), PatternEx (USA), RazorSecure (UK), Scaled Inference (USA), SAS Institute Inc. (USA), Sensewaves (France), Securonix Inc. (USA), Symantec Corporation (USA), Sentryo (France), Splunk Inc. (USA), Trend Micro Inc. (Japan), ThetaRay (Israel), and Wipro Limited (India).
Europe is the second largest regional market due to technological advancement. Other reasons responsible for the market growth in this region include the growth of many new small businesses (as well as startups) and their partnership with large vendors. The most technologically advanced country-specific markets in this region are France, US, and Germany. The Asia Pacific region can rise as the fastest growing regional market during the forecast period due to the growing IT sector. The heavy country-specific markets in this region are India, Japan, and China, followed by the remaining countries of the Asia Pacific region.
The RoW segment covers countries of the Middle East & Africa (MEA) and Latin America. In Latin America, Brazil and Argentina are two powerful economies that can be suitable markets in the future. The MEA market is limited due to most countries being poor, lack of education, lack of skilled professionals, lack of awareness, and lack of technological advancement.
Latest Industry News
Safe-T Group, a provider of Software-defined Access (SDA) solutions for the hybrid cloud, has launched Safe-T Telepath, which is its user and web-based anomaly detection product. 15 APR 2019
Azure Stream Analytics is new protection as a service (PaaS) cloud offering on Microsoft Azure that helps customers to analyze IoT telemetry data in real-time. 15 APR 2019
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LIST OF TABLES
Table1 World Population By Major Regions (2017 To 2030)
Table2 Global 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
LIST OF FIGURES
FIGURE 1 Global Anomaly Detection Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Anomaly Detection Market
FIGURE 4 Value Chain Of Global Anomaly Detection Market
FIGURE 5 Share Of Global Anomaly Detection Market In 2017, By Country (In %)
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