New York, Sept. 30, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Anomaly Detection Global Market Report 2022” – https://www.reportlinker.com/p06323871/?utm_source=GNW
The global anomaly detection market is expected to grow from $3.83 billion in 2021 to $4.47 billion in 2022 at a compound annual growth rate (CAGR) of 16.7%. The anomaly detection market is expected to reach $8.00 billion in 2026 with a CAGR of 15.7%.
The anomaly detection market includes sales anomaly detection by entities (organizations, individual merchants and partnerships) which are used for fraud detection in financial transactions, manufacturing units, intrusion detection in computer network and aircraft surveillance sensor readings. An anomaly detection refers to a data set conducted to identify unexpected and abnormal events in the data set, which is different from the regular data set.
Anomaly detection can detect critical points, unwanted errors and opportunities in the data set, which can be used for the smooth running of various operations in the organizations.
The main types of anomaly detection components are services and solutions. Solution anomaly detection refers to a set of activities conducted for the development and sale of anomaly detection tools to provide solutions in the organization.
Anomaly detection solutions are software commonly used by various companies using or managing large databases to ensure the smooth running of business operations. Anomaly detection is deployed on cloud, on-premises and hybrid models and uses multiple technologies such as big data analytics, data mining and business intelligence, machine learning and intelligence artificial.
Different applications include intrusion detection, fraud detection, fault detection and system status monitoring. It is employed in various verticals such as banking, financial services and insurance (BFSI), retail, manufacturing, IT and telecommunications, government, aerospace and defense, healthcare medical, etc.
North America was the largest region in the anomaly detection market in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period.
Regions covered in the Anomaly Detection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Anomaly Detections Market research report is part of a series of new reports that provide statistics on the Anomaly Detections market, including the global market size of the Anomaly Detections industry. anomaly detection, regional shares, competitors holding anomaly detection market share, detailed anomaly detection market segments, market trends and opportunities. , and all the additional data you might need to thrive in the anomaly detection business. This Anomaly Detection Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of current and future industry scenarios.
The growing number of connected devices is expected to propel the growth of the anomaly detection market in the future. Connected devices are smart physical devices that can be connected via the Internet to each other to share data and information within an organization.
Anomaly detection is commonly used on connected devices to monitor devices connected to a network and to protect data traffic in an organization or household. For example, according to an article published by DataProt, an American website dedicated to providing information on cybersecurity products, in 2021 there were more than 10 billion active connected devices in the world which is expected to exceed 25 billion. connected devices by 2030.
Hence, the growing number of connected devices is driving the growth of the anomaly detection market.
Technological advancement is a trend that is gaining popularity in the anomaly detection market. The major companies operating in the anomaly detection market are focusing on developing technologically advanced products to strengthen their position in the market.
For example, in February 2020, Cisco Systems, a US-based technology company, introduced its new advanced 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 that can work together to provide protection against cyber threats within IT security tools and existing 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 customers using new wireless technologies such as 5G, Wi-Fi 6 and new advanced industrial IoT devices, increasing customer satisfaction.
In November 2021, Progress Software Corporation, a US-based software company, acquired Kemp Technologies for an undisclosed amount. With this acquisition, Progress would expand its capabilities with the addition of Application Experience management to its product portfolio market leaders in DevOps, Application Development, Data Connectivity and Digital Experience.
Kemp Technologies is a US-based company that provides anomaly detection services.
The countries covered in the Anomaly Detection market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea South, the United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06323871/?utm_source=GNW
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.