Anomaly Detection Market Helps Identify Programming Errors and...

Anomaly Detection Market Helps Identify Programming Errors and Improve Software Quality 2027

Posted 2023-04-18 06:48:39

The global anomaly detection market is a rapidly growing industry with a predicted value of USD 8.80 Billion by 2027. One of the significant drivers of this market is the increasing use of the Internet of Things (IoT). With the growing adoption of IoT in various industries, the number of threats and attacks has also increased, leading to the need for efficient anomaly detection systems.

Anomaly detection systems are critical in identifying unusual behavior patterns in data that may indicate the presence of errors or malicious activities. These systems use advanced algorithms to analyze data and detect any anomalies or outliers, providing early warning signs of potential issues. In this way, anomaly detection plays a critical role in ensuring the smooth functioning of IoT systems.

Artificial intelligence (AI) is another major factor driving the growth of the anomaly detection market. With AI becoming increasingly popular across various industries, more and more organizations are looking to incorporate AI-based solutions to enhance their anomaly detection capabilities.

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Further key findings from the report suggest

By component, the anomaly detection solutions contributed to a larger market share in 2019 and is likely to grow at a rate of 14.8% in the forecast period. An increase in unidentified malware compromising internal systems, devastating DDoS attacks, and other threats evading traditional security have resulted in network monitoring solutions furnished with robust AI solutions called Network Behavior Anomaly Detection. This solution permanently monitors network traffic, analyzing connectivity to seek anomalies and expose suspicious behavior allowing a response to yet unidentified security threats untraceable by other technologies.
By deployment mode, the cloud held a larger market share in 2019, owing to several advantages such as cost-effectiveness, data-backup & restoration, scalability, and faster deployment, among others.
By application, infusion detection held the largest market share in 2019. The market dominance of this method is owing to its ability to builds models of normal network behavior that are then used to identify new patterns that considerably move away from the profiles. Such anomalies may represent actual intrusions or just new behaviors that are required to be added to the profiles.
By the end-user, the manufacturing industry is projected to grow at a rate of 15.8% in the forecast period. In manufacturing systems, reduction in downtime is critical, and anomaly detection lets predictive maintenance for a decrease in downtime issues. Of late, machine learning is being applied to detect anomaly in manufacturing processes.
The Asia Pacific region is estimated to grow at the fastest rate of 16.6% in the forecast period, attributed to the developing IT sector in the countries comprising China, India, and Japan, among others.

Competitive Landscape:

Competitive landscape of global Keyword market is quite fragmented with regional and global key players. These market players are involved in various strategies including mergers and acquisitions, collaborations, new product launches or corporate deals to retain their market position and expand their product portfolio.

some leading companies operating in the global Keyword market:

IBM, Hewlett Packard Enterprise, Dell Technologies, Trustwave Holding Inc., Wipro Limited, Teradata, Cisco Systems, Symantec Corporation, SAS Institute Inc., LogRythm Inc., and Securonix Inc., among others.

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The global market is further segmented into type and application:

Component Outlook (Revenue, USD Million; 2017-2027)

Solution
- Network Behavior Anomaly Detection
- User Behavior Anomaly Detection
Service

Deployment Mode Outlook (Revenue, USD Million; 2017-2027)

On-Premise
Cloud-Based

Application Outlook (Revenue, USD Million; 2017-2027)

Intrusion Detection
Fraud Detection
System Status Monitoring
Fault Detection
Others

End-Users Outlook (Revenue, USD Million; 2017-2027)

BFSI
IT & Telecom
Government & Defense
Manufacturing
Healthcare
Others

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
Latin America (Brazil, Rest of LATAM)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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