The size of the global anomaly detection market is expected to grow from $ 3.48 billion in 2019 to $ 5.45 billion by 2025, registering a compound annual growth rate (CAGR) of above 16% over the forecast period.
Anomaly detection can be called a process for identifying anomalies, such as an unusual change in the process or event in an operation that does not follow the expected pattern or dataset. This change in the usual pattern of the activity is the leading cause of a failure, defect or error in the process. Anomaly detection is widely used for applications such as intruder detection, fraud detection, system, health monitoring and many more in a similar ecosystem.
In March 2019, Microsoft expanded its availability of anomaly detectors with the launch of the Microsoft Azure anomaly detector, which easily integrates anomaly detection capabilities into user applications so that they can quickly identify data models that are unusual, rare or irregular.
April 2019: Guardian Analytics Inc., a market leader in real-time behavior analysis and machine learning solutions for detecting bank payment fraud and corporate B2B portal fraud, announced the webinar series on detecting electronic fraud in real-time.
Market growth and trends:
Drivers and Market Restraints:
The main factor contributing to the growth of the global anomaly detection market is the growing number of networked devices. The more extensive the network, the more the possibilities of traffic congestion lead to unusual patterns in the system. Anomaly detection identifies these strange patterns in network traffic that could be an essential reason for detecting intruders, cyber-attacks and detecting fraud.
The increasing number of connected devices in banking and finance, healthcare, manufacturing, information technology and telecommunications, defense, and the government should stimulate the market for the detection of anomalies during the forecast period. These industries regularly process essential data, which exposes them to fraud, theft, and hacking, allowing criminals to take control of the business infrastructure.
Competition from open source alternatives that hamper the demand for business solutions and the lack of skills and experience are some of the factors restricting the global anomaly detection market.
Depending on the type of service, the market is segmented into professional service and managed service. The professional service is further segmented in installation and maintenance service, support and maintenance, and advice.
According to the solution, the market is segmented in detecting anomalies of network behavior and detecting anomalies of user behavior. Of these, the network behavior anomaly segment is likely to extend with the highest growth rate during the estimated period due to the increasing technological developments and threats from attackers.
Depending on the deployment, the market is segmented into the cloud and on-premise. The cloud segment is foreseen to account for the principal portion of the global anomaly detection market because of the numerous benefits like cost-efficiency, remote access, and so on.
Depending on the application, the market is segmented into intrusion detection, fraud detection, system status monitoring, fault detection and others. Intrusion and fraud detection are anticipated to register the highest demand in this business in the coming years.
Based on the vertical, the global anomaly detection market is segmented in banking, financial services and insurance (BFSI), retail, manufacturing, IT and telecommunications, government, aerospace and defense, medical care and others. Of these, the BFSI is the leading segment in the worldwide market that is projected to continue its reign in the forecast period.
The geographic analysis of the anomaly detection market covers North America, Europe, Asia-Pacific Middle East & Africa, and Latin America.
Among all regions, North America's anomaly detection market highly dominated the global business due to growing trends such as BYOD, which encourages employees to bring their devices to work in the office. This trend is actively adopted in large companies, which improves performance and productivity.
On the other hand, Europe's anomaly detection market closely follows North America in terms of value and volume. Europe and North America are the technologically advanced regions, and an essential factor that affects the growth of this market in Europe is the investments of the various key actors in this region. This has led many new small businesses to grow and partner with large suppliers to provide services. Asia-Pacific anomaly detection market is foreseen to be the fastest-growing region due to the increasing development of the information and technology sector in nations like India, China, Japan, etc.
Key Market Players:
The main players in the anomaly detection market are International Business Machines Corporation (United States), SAS Institute, Inc. (United States), Cisco Systems, Inc. (United States), Dell Technologies, Inc. (United States), Hewlett Packard Enterprise Company (United States), Symantec Corporation (United States), Trend Micro, Inc. (Japan), Splunk, Inc. (United States), Wipro Limited (India), Securonix, Inc. (United States), Gurucul (United States), Happiest Minds (India) and Guardian Analytics (United States).
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Anomaly Detection Market, By Service
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Anomaly Detection Market, By Solution
6.2.1 Network Behavior
6.2.2 User Behavior
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Anomaly Detection Market, By Application
6.3.1 Intrusion Detection
6.3.2 Fraud Detection
6.3.3 System Status Monitoring
6.3.4 Fault Detection
6.3.5 Market Size Estimations & Forecasts (2019-2024)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
6.4 Anomaly Detection Market, By Deployment
6.4.3 Market Size Estimations & Forecasts (2019-2024)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
6.5 Anomaly Detection Market, By Vertical
6.5.4 IT & Telecom
6.5.7 Aerospace and Defense
6.5.8 Market Size Estimations & Forecasts (2019-2024)
6.5.9 Y-o-Y Growth Rate Analysis
6.5.10 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Service
7.2.3 By Solution
7.2.4 By Application
7.2.5 By Deployment
7.2.6 By Vertical
7.3.1 By Country
220.127.116.11 Rest of Europe
7.3.2 By Service
7.3.3 By Solution
7.3.4 By Application
7.3.5 By Deployment
7.3.6 By Vertical
7.4 Asia Pacific
7.4.1 By Country
18.104.22.168 South Korea
22.214.171.124 South East Asia
126.96.36.199 Australia & NZ
188.8.131.52 Rest of Asia-Pacific
7.4.2 By Service
7.4.3 By Solution
7.4.4 By Application
7.4.5 By Deployment
7.4.6 By Vertical
7.5 Latin America
7.5.1 By Country
184.108.40.206 Rest of Latin America
7.5.2 By Service
7.5.3 By Solution
7.5.4 By Application
7.5.5 By Deployment
7.5.6 By Vertical
7.6 Middle East and Africa
7.6.1 By Country
220.127.116.11 Middle East
7.6.2 By Service
7.6.3 By Solution
7.6.4 By Application
7.6.5 By Deployment
7.6.6 By Vertical
8. Key Player Analysis
8.1 IBM Corp
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 SAS Institute, Inc.
8.3 Cisco Systems, Inc.
8.4 Dell Technologies, Inc
8.5 Hewlett Packard Enterprise Company
8.6 Symantec Corporation
8.7 Trend Micro, Inc.
8.8 Splunk, Inc.
8.9 Wipro Limited
8.10 Guardian Analytics
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
Global Anomaly Detection Market By Region, From 2020-2025 ( USD Billion )
Global Anomaly Detection Market By Service, From 2020-2025 ( USD Billion )
Global Professional Market By Region, From 2020-2025 ( USD Billion )
Global Managed Market By Region, From 2020-2025 ( USD Billion )
Global Anomaly Detection Market By Solution, From 2020-2025 ( USD Billion )
Global Network Behavior Market By Region, From 2020-2025 ( USD Billion )
Global User Behavior Market By Region, From 2020-2025 ( USD Billion )
Global Anomaly Detection Market By Application, From 2020-2025 ( USD Billion )
Global Intrusion Detection Market By Region, From 2020-2025 ( USD Billion )
Global Fraud Detection Market By Region, From 2020-2025 ( USD Billion )
Global System Status Monitoring Market By Region, From 2020-2025 ( USD Billion )
Global Fault Detection Market By Region, From 2020-2025 ( USD Billion )
Global Anomaly Detection Market By Deployment, From 2020-2025 ( USD Billion )
Global Cloud Market By Region, From 2020-2025 ( USD Billion )
Global On-Premise Market By Region, From 2020-2025 ( USD Billion )
Global Anomaly Detection Market By Vertical, From 2020-2025 ( USD Billion )
Global BFSI Market By Region, From 2020-2025 ( USD Billion )
Global Retail Market By Region, From 2020-2025 ( USD Billion )
Global Manufacturing Market By Region, From 2020-2025 ( USD Billion )
Global IT & Telecom Market By Region, From 2020-2025 ( USD Billion )
Global Healthcare Market By Region, From 2020-2025 ( USD Billion )
Global Government Market By Region, From 2020-2025 ( USD Billion )
Global Aerospace and Defense Market By Region, From 2020-2025 ( USD Billion )