Anomaly Detection Market Research Report Information By Component, Solution (Network behavior anomaly detection, User behavior anomaly detection), Network traffic analysis, Network intelligence and security, Risk mitigation and management, User Behavior Anomaly Detection (Identity and Access Management, Threat intelligence and management, DLP, SIEM), Technology (Big data analytics, Data mining and business intelligence, Machine learning and AI), Vertical (BFSI, Retail, Manufacturing, IT and telecom) & Regions – Forecast Till 2030

Anomaly Detection Market Overview

Anomaly Detection Market Size was valued at USD 5.3 billion in 2022. The anomaly detection market industry is projected to grow from USD 6.1 Billion in 2023 to USD 15.0 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 16.10% during the forecast period (2023 - 2030). Internal risks and cyber fraud are on the rise, and anomaly detection systems are gaining ground in the BFSI sector are the key market drivers enhancing the market growth.

Figure1: Anomaly Detection Market, 2018 - 2030- (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Anomaly Detection Market Trends

The increase in interest in anomaly detection is being driven by market growth.

Market CAGR Anomaly detection tools are gaining acceptance in the BFSI industry, which is driving the anomaly detection market growth. In the BFSI industry, anomaly detection-based fraud prevention and detection solutions are more common than prescriptive and Identity analytics. Such applications necessitate the use of a conventional machine-learning model that has been trained to check the incoming data, which is continually changing. This type of anomaly detection technology has been trained to have a baseline value of normalcy for loan applications, financial transactions, and account information.

Because it informs human monitors to any deviations from typical patterns, anomaly detection software is becoming increasingly popular in the BFSI sector. In the BFSI industry, anomaly detection systems are utilized to communicate with many different financial institutions or activities. As a result, this industry is rapidly embracing IT solutions to reduce reliance on human labor and boost processing efficiency. CSI's fraud anomaly detection software for banks, for example, warns banks to suspicious actions via automatic notifications, allowing them to be attentive and constantly monitor compliance. These reasons will drive the growth of the anomaly detection market over the forecast period. Thus, drive anomaly detection industry revenue

Anomaly Detection Market Segment Insights

Anomaly Detection Component Insights

The Anomaly Detection Market segmentation, based on component includes solution and services. Solution segment boosted market share in 2021 and is anticipated to expand at a rate of % over the forecast period. Network monitoring solutions equipped with powerful Al solutions called Network Behavior Anomaly Detection have been developed in response to an increase in unknown malware compromising internal systems, destructive DDoS attacks, and other threats eluding traditional security.

Anomaly Detection Solution Insights

The Anomaly Detection Market segmentation, based on solution, the market is divided into two categories: user behavior anomaly detection and network behavior anomaly detection. Due to advancements in networking technology and increasing threats from spammers, attackers, and criminal enterprises, the network behavior anomaly detection solution segment accounted for the highest revenue share of the Global Anomaly Detection Solution Market in 2020 and is expected to dominate the market over the forecast period.

Figure 2: Anomaly Detection Market, by Solution, 2022 & 2030 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The Anomaly Detection Market data, based on solution, includes network, traffic analysis, network intelligence and security and risk mitigation and management. Network traffic analysis has a sizable market share. Network traffic analysis is the process of intercepting and analysing messages in order to deduce information from communication patterns. It can be accomplished even when the messages are encrypted. It commands a substantial market share.

Anomaly Detection User Behavior Anomaly Detection Insights

The Anomaly Detection Market data, based on network behavior anomaly detection, includes Identity and access management (IAM), threat intelligence and management, data loss prevention (DLP) and security information and event management (SIEM). Security information and event management (SIEM) contributed significantly to the market.

Anomaly Detection Service Insights

Professional services and managed services are included in the global anomaly detection industry based on service. Managed service is a set of processes and practises for providing support, monitoring, and maintenance services for IT infrastructure. It entails providing customers with improved capabilities by utilising knowledge in a variety of areas, such as cloud computing, network engineering, security engineering, and professional services.

Anomaly Detection Technology Insights

The Anomaly Detection Market segmentation, The market is divided into three categories based on technology: Big Data Analytics, Data Mining and Business Intelligence, and Machine Learning and Artificial Intelligence. Over the forecast period, the big data analytics sector is predicted to have the most revenue share of the Global Anomaly Detection Solution Market.

Anomaly Detection Deployment Type Insights

The global anomaly detection industry, based on deployment type, includes cloud, on-premises and hybrid. The cloud section will be considerable during the forecast period. Cloud-based solutions provide rapid deployment, increased flexibility and scalability, real-time data visibility, and customisation opportunities. All of these features are available with flexible pricing choices such as monthly subscriptions and a pay-as-you-go model from service providers. As a result, cloud-based software deployment is more cost-effective and economical when compared to on-premises implementation.

Anomaly Detection Vertical Insights

The global anomaly detection industry, based on vertical, the market is divided into IT and Telecom, Manufacturing, Retail, Banking, Financial Services, and Insurance (BFSI), and Others. Throughout the forecast period, the Banking, Financial Services, and Insurance (BFSI) segment is predicted to have the most revenue share of the Global Anomaly Detection Solution Market.

Anomaly Detection Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. North America is expected to have the largest market share and lead the anomaly detection market during the forecast period. The region is witnessing trends such as Bring Your Own Device (BYOD), increased use of smart linked devices, and the Industrial Internet of Things (IIoE). North America has historically been the most affected region in the world in terms of threats, invasions, and security breaches, and as a result, it has the most security suppliers.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: ANOMALY DETECTION MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s anomaly detection market accounts for the second-largest market share because it actively and sophisticatedly adopts new technology. Further, the German anomaly detection market held the largest market share, and the UK anomaly detection market was the fastest-growing market in the European region

The Asia-Pacific Anomaly Detection Market is expected to grow at the fastest CAGR from 2023 to 2030. This is due to an increase in anomalies as a result of connected devices and the internet of things has raised the possibility of a system intrusion. Moreover, China’s anomaly detection market held the largest market share, and the Indian anomaly detection market was the fastest-growing market in the Asia-Pacific region.

Anomaly Detection Key Market Players & Competitive Insights

Leading market players are making significant R&D investments in order to diversify their product offerings, which will drive the anomaly detection industry's expansion. Market participants are also engaging in a range of strategic initiatives to broaden their worldwide reach. Significant market developments include new product launches, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. The anomaly detection industry must provide affordable products if it is to grow and thrive in a market that is becoming more competitive and challenging.

Producing locally to reduce operational costs is a fundamental business strategy utilized by manufacturers in the global anomaly detection industry to serve clients and expand the market sector. The anomaly detection industry has provided some of the most significant benefits to medicine in recent years. Major players in the anomaly detection market, including International Business Machines Corporation (U.S.), SAS Institute, Inc. (U.S.), Cisco Systems, Inc and others, helps to control the degree of competition in the market.

The Google Cloud Platform (GCP) is a collection of cloud computing services that Google offers. It employs the same internal infrastructure as Google does for its consumer products including Google Search, Gmail, Drive, and YouTube., It offers a number of modular cloud services, such as computing, data storage, data analytics, and machine learning, in addition to a set of management tools. An account number or credit card are needed for registration. In February 2022, a highly effective and scalable technology allowing companies and developers to swiftly collect insights from streamed time series was launched by Google Cloud. The Timeseries Insights API can handle datasets with billions of events and is completely integrated with Google Cloud Storage and Google Cloud PubSub.

A search engine (also called OpenSearch) and a data visualization dashboard for that search engine are both parts of the OpenSearch software family. The program was created in 2021 as a fork of Kibana and Elasticsearch under the direction of Amazon Web Services. In January 2022, To find trends, patterns, and seasonality in historical data, Amazon OpenSearch Service introduced machine learning-based anomaly detection. Customers can gain insightful knowledge from previous data and take appropriate action to enhance the overall effectiveness of their applications thanks to anomaly detection for historical data.

Key Companies in the anomaly detection market include

• International Business Machines Corporation (U.S.)


• SAS Institute, Inc. (U.S.)


• Cisco Systems, Inc. (U.S.)


• Dell Technologies, Inc. (U.S.)


• Hewlett Packard Enterprise Company (U.S.)


• Symantec Corporation (U.S.)


• Trend Micro, Inc. (Japan)


• Splunk, Inc. (U.S.)


• Wipro Limited (India)

Anomaly Detection Industry Developments

In June 2023, Amazon Web Services Inc. announced that their partnership with Lacework had been extended, a cloud security company. This partnership between Lacework and the AWS Security Hub will help users get better security alerts or improve on threat detection by linking it to Amazon GuardDuty findings.

May 2023: An open-source retrieval system for any kind of data in the world named Elastic has partnered with the Amazon Web Services. The goal of the collaboration is to create a frictionless customer experience for Elastic Cloud on AWS. Moreover, this move means global clients are being facilitated in their journey to cloud adoption as well as helping them boost digital transformation.

In November 2022, Happiest Minds Technologies Limited (HMTL) made a strategic partnership with ServiceNow Inc, which is known for its cloud-based IT service management (ITSM) solutions. It will enable Happiest Minds Technology to offer its IT services business globally.

In May 2022, IBM Corporation entered into a deal with Amazon Web Services (AWS), a subsidiary of Amazon.com that provides on-demand cloud computing platforms and APIs for individuals, businesses and governments. Through this agreement, IBM customers may additionally get prompt access to Data & AI, Security, Sustainability and Automation capabilities embedded in the IBM Software as well.

March 2022: Cisco Systems has entered into a joint venture with NetApp that specializes in data storage administration solutions. The joint customers stand to gain from this collaboration through automation, hybrid operations in cloud environments, and visibility into the same.

March 2023: Cisco Systems acquired Lightspin Technologies Ltd., an Israeli-based security software company. With this purchase, Cisco would enhance its capabilities in delivering secure cloud solutions across multiple customer segments.

July 2022: IBM bought Databand.ai, which is one of the top players in observability software space around datasets. This acquisition ensures that IBM has an extensive set of observability capabilities across applications along data lines, including machine learning, which continues to deliver what IBM’s customers and partners need to enable trusted data and AI at scale.

March 2022: Microsoft acquired Nuance Communications, a leading player in the conversational AI and ambient intelligence space. This deal seeks to combine Nuance’s best-in-class conversational AI and ambient intelligence with Microsoft’s secure, trusted industry clouds. The takeover also offers an opportunity for providers to offer more affordable, effective healthcare; it also enables businesses in all sectors to make more personalized experiences for their clients.

Anomaly Detection Market Segmentation

Anomaly Detection Market By Component Outlook

• Solutions


• Services

Anomaly Detection Market By Solution Outlook

• Network behavior anomaly detection


• User behavior anomaly detection

Anomaly Detection Market By Network Behavior Anomaly Detection Outlook

• Network traffic analysis


• Network intelligence and security

• Risk mitigation and management

Anomaly Detection Market By User Behavior Anomaly Detection Outlook

• Identity and Access Management (IAM)


• Threat intelligence and management


• Data Loss Prevention (DLP)


• Security Information and Event Management (SIEM)

Anomaly Detection Market By Service Outlook

• Professional services


• Managed services

Anomaly Detection Market By Technology Outlook

• Big data analytics


• Data mining and business intelligence


• Machine learning and artificial intelligence

Anomaly Detection Market By Deployment Type Outlook

• Cloud


• On-premises


• Hybrid

Anomaly Detection Market By Vertical Outlook

• Banking, Financial Services, and Insurance (BFSI)


• Retail


• Manufacturing


• IT and telecom


• Defense and government


• Healthcare


• Others (entertainment and education)

Anomaly Detection Regional Outlook

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  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific

  
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
  • 
    

    Africa

    
    
  
  
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    Latin America