The anomaly detection solution global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Anomaly Detection Solution Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The anomaly detection solution market size has grown rapidly in recent years. It will grow from $6.85 billion in 2023 to $8.08billion in 2024 at a compound annual growth rate (CAGR) of 17.9%. The growth in the historic period can be attributed to focus on customer data protection, rising demand for anomaly detection in energy sector, increasing complexity of IT infrastructure, rising demand for anomaly detection in energy sector, demand for anomaly detection in retail sector.
The anomaly detection solution market size is expected to see rapid growth in the next few years. It will grow to $15.31 billion in 2028 at a compound annual growth rate (CAGR) of 17.3%. The growth in the forecast period can be attributed to increasing adoption of IoT devices, increasing cybersecurity threats, increasing adoption of cloud computing, rising fraud incidents, rise in insider threats. Major trends in the forecast period include expansion of digital banking, expansion of digital transformation, integration of anomaly detection in SIEM, advancements in deep learning algorithms, adoption of DeVos practices.
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Scope Of Anomaly Detection Solution Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Anomaly Detection Solution Market Overview
Market Drivers –
The increasing adoption of IoT devices is expected to propel the growth of the anomaly detection solution market going forward. IoT devices are physical objects embedded with sensors, software, and other technologies that connect and exchange data with other devices and systems over the Internet. Anomaly detection solutions are used in IoT devices for various techniques to identify unusual events or patterns that deviate from the system’s expected behavior, ultimately contributing to the successful deployment and operation of IoT applications. For instance, according to Akamai Technologies Inc., a US-based internet company, IoT connections are expected to increase from 15.1 billion in 2021 to 23.3 billion IoT connections in 2025. Therefore, the increasing adoption of IoT devices is driving the growth of the anomaly detection solution market.
Market Trends –
Major companies operating in the anomaly detection solution market are focusing on developing innovative AI advancements, such as AI-driven cloud anomaly detection solutions, to address the complexity of identifying threats in the cloud environment. These solutions refer to leveraging artificial intelligence to detect and prioritize anomalous activities within an organization’s cloud environment, and these solutions use AI algorithms to continuously learn and adapt to the customer’s environment, surfacing suspicious behavior while reducing false positives. For instance, in November 2023, Rapid7 Inc., a US-based software company, introduced AI-driven cloud anomaly detection. This innovation uses AI-powered, agentless detection capabilities to detect and prioritize anomalous activity within an organization’s cloud environment. Additionally, it continuously learns and adapts to the customer’s environment; this technology significantly surfaces suspicious behavior, reduces false positives, and enables teams to focus on investigating and responding to active threats efficiently.
The anomaly detection solution market covered in this report is segmented –
1) By Type: Statistical Anomaly Detection, Machine Learning Anomaly Detection, Hybrid Anomaly Detection
2) By Technology: Big Data Analytics, Data Mining And Business Intelligence, Machine Learning And Artificial Intelligence
3) By Application: Network Security, Fraud Detection, Risk Management, Intrusion Detection, Equipment Health Monitoring, Other Applications
4) By Industry Vertical: Banking, Financial Services, and Insurance (BFSI), Retail And E-Commerce, Healthcare, Information Technology And Telecom, Manufacturing, Energy And Utilities, Government And Defense, Other Industry Verticals
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Regional Insights –
North America was the largest region in the anomaly detection solution market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the anomaly detection solution market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the anomaly detection solution market are Google LLC, Microsoft Corporation, Dell Technologies Inc., Amazon Web Services, Intel Corporation, International Business Machines Corporation., Cisco Systems Inc., Oracle Corporation, Broadcom Inc., Hewlett Packard Enterprise, Vmware, NetApp Inc., Palo Alto Networks Inc., Fortinet Inc., SAS Institute Inc., F5 Networks Inc., Splunk Inc., Check Point Software Technologies Ltd., Trend Micro Incorporated, CrowdStrike Holdings Inc., Proofpoint Inc., FireEye Inc., SolarWinds Corporation, Rapid7 Inc., Darktrace Limited
Table of Contents
1. Executive Summary
2. Anomaly Detection Solution Market Report Structure
3. Anomaly Detection Solution Market Trends And Strategies
4. Anomaly Detection Solution Market – Macro Economic Scenario
5. Anomaly Detection Solution Market Size And Growth
…..
27. Anomaly Detection Solution Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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