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Anomaly Detection Market 2023 : Analysis, Size, In Depth Insights, Growth And Forecast To 2032 | SAS Institute Inc., Cisco Systems Inc., Dell Inc., Hewlett Packard Enterprise Company, Symantec Corp
Anomaly Detection Market Growth
The Business Research Company's Anomaly Detection Global Market Report 2023 identifies increasing number of connected devices as the major driver for the Anomaly Detection market's growth in the forecast period. Connected devices are physical smart devices that can be connected via the internet with each other to share data and information within an organization. Anomaly detection is commonly used on connected devices for monitoring the devices connected to a network and to protect data traffic in an organization or household.
The global anomaly detection market size grew from $4.43 billion in 2022 to $5.11 billion in 2023 at a compound annual growth rate (CAGR) of 15.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The anomaly detection market size is expected to grow to $8.96 billion in 2027 at a CAGR of 15.1%.
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Major competitors in the Anomaly Detection market are SAS Institute Inc., Cisco Systems Inc., Dell Inc., Hewlett Packard Enterprise Company, Symantec Corp, Trend Micro Incorporated, Splunk Inc., Wipro Limited, Securonix Inc., Gurucul, Guardian Analytics, Happiest Minds, International Business Machines Corporation, Verint Systems Inc., Anodot Ltd., Microsoft Corp, Flowmon Networks, LogRhythm Inc., Rapid7 Inc., Trustwave Holdings Inc., Varonis Systems Inc., and WSO2 Inc.
A key trend in the Anomaly Detection market includes technology advancement. The major companies operating in the anomaly detection market are focused on developing technologically advanced products to strengthen their market position. For instance, in February 2020, Cisco Systems, a US-based technology company, introduced its advanced new machine learning capabilities for IoT control management known as Cisco Cyber Vision. It is based on the Cisco IOx network operating system, which offers both information technology (IT) and operational technology solutions capable of collaborating to provide cyber threat protection within existing IT security tools and industrial operations. It would be used to optimize billing and improve data security by providing anomaly detection and smart billing options in connectivity management platforms for clients using new wireless technologies such as 5G, Wi-Fi 6, and new advanced IoT industrial devices, increasing customer satisfaction.
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The Anomaly Detection market is segmented -
By Component: Solutions, Services
By Technology: Big Data Analytics, Data Mining and Business Intelligence, Machine Learning and Artificial Intelligence
By Deployment Type: Cloud, On-Premises, Hybrid
By Application: Intrusion Detection, Fraud Detection, Defect Detection, System Health Monitoring
By Vertical: Banking, Financial Services, and Insurance (BFSI), Retail, Manufacturing, IT and Telecom, Government, Aerospace and Defence, Medical Care, Other Verticals
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Anomaly Detection market.
The Business Research Company's "Global Anomaly Detection Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Anomaly Detection Market Include:
1. Executive Summary
2. Anomaly Detection Market Characteristics
3. Anomaly Detection Market Trends And Strategies
4. Anomaly Detection Market - Macro Economic Scenario
5. Anomaly Detection Market Size And Growth
……
26. Africa Anomaly Detection Market
27. Anomaly Detection Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Anomaly Detection Market
29. Anomaly Detection Market Future Outlook and Potential Analysis
30. Appendix
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