Market Analysis 

The global Anomaly Detection Stock Market is likely to touch USD 5 billion at a 15% CAGR between 2020- 2027, reveals the latest Market Research Future (MRFR) report. Anomaly detection is a process for identifying anomalies like an unusual shift in the event or process in an operation that does not follow the expected dataset or pattern. 

Various factors are fuelling the global anomaly detection market growth. As per the recent MRFR market estimates, such factors include the increasing number of connected devices in a network, increasing adoption of black-box trading by market traders, rising threats among enterprises like fraudulent activities and cyber espionage, increasing number of connected devices in different industries such as government, defense, IT and telecom, manufacturing, healthcare, and banking and financial sector, and the increasing use during COVID-19 pandemic. 

On the contrary, the presence of open-source alternatives, lack of technical expertise, and asymmetric faults detection may limit the global anomaly detection market growth over the forecast period. 

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Market Segmentation 

The MRFR report throws light on an inclusive segmental analysis of the global anomaly detection market based on service type, solution, deployment, application, and vertical. 

By service type, the global anomaly detection market is segmented into managed service & professional service. The professional service is again segmented into consulting service, support and maintenance, and installation and maintenance. Of these, the professional service will lead the market over the forecast period. 

By solution, the global anomaly detection market is segmented into user behavior anomaly detection and network behavior anomaly detection. Of these, the network behavior anomaly detection will spearhead the market over the forecast period. 

By deployment, the global anomaly detection market is segmented into on premise & cloud. Of these, the cloud segment will dominate the market over the forecast period. 

By application, the global anomaly detection market is segmented into fault detection, system health monitoring, fraud detection, intrusion detection, and others. Of these, the fraud detection segment will have the lions share in the market over the forecast period. 

By vertical, the global anomaly detection market is segmented into healthcare, aerospace and defense, government, IT and telecom, manufacturing, retail, banking and financial services, and others. Of these, the BFSI segment will rule the market over the forecast period. 

Regional Analysis 

By region, the global anomaly detection market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, and Rest of the World (RoW). Of these, North America will steer the market over the forecast period. Growing trends like BYOD that is largely adopted in large enterprises leading to productivity and improved performance, higher concentration of companies offering software, services, and solutions for anomaly detection, and high adoption in security agencies and government are adding to the global anomaly detection market growth in the region. The United States holds the utmost market share. 

In Europe, the anomaly detection market is predicted to hold the second-largest share over the forecast period. Technological advancements coupled with investments made by key players are adding to the global anomaly detection market growth in the region. 

In the APAC region, the anomaly detection market is predicted to grow at a fast pace over the forecast period for increasing development in IT sector. 

In RoW, the anomaly detection market is predicted to have sound growth over the forecast period. 

Key Players 

The notable players profiled in the anomaly detection market report include Cloudmark (U.S.), PatternEx (U.S.), Aqua-Q (Sweden), Coscale (Belgium), Arundo Analytics (U.S.), Prelert (U.S.), OtoSense (France), Allure Security Technology (U.S.), ThetaRay (Israel), Scaled Inference (U.S.), Anodot (Israel), Cycuro (Israel), Sentryo (France), RazorSecure (UK), Nexosis (U.S.), Acerta (Canada), Cryptomage (Poland), NewSky Security (U.S.), Sensewaves (France), Guardian Analytics (U.S.), Happiest Minds (India), Gurucul (U.S.), Securonix, Inc. (U.S.), Wipro Limited (India), Splunk, Inc. (U.S.), Trend Micro, Inc. (Japan), Symantec Corporation (U.S.), Hewlett Packard Enterprise Company (U.S.), Dell Technologies, Inc. (U.S.), Cisco Systems, Inc. (U.S.), SAS Institute, Inc. (U.S.), and International Business Machines Corporation (U.S.). 

Industry Updates 

March 2021- Dutch TNO has developed self-healing software against cyberattacks. It has anomaly detection function which will ensure that containers having anomalous behaviour are killed immediately sans having to pass through the central system. 

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