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Anomaly Detection Market Size to Grow by USD 4.23 Bn, Anomaly Detection Tools Gaining Traction in BFSI to Boost Market Growth - Technavio
[October 27, 2022]

Anomaly Detection Market Size to Grow by USD 4.23 Bn, Anomaly Detection Tools Gaining Traction in BFSI to Boost Market Growth - Technavio


NEW YORK, Oct. 27, 2022 /PRNewswire/ -- The "Anomaly Detection Market by Deployment (cloud and on-premise) and Geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the anomaly detection market size between 2021 and 2026 is USD 4.23 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Request a FREE PDF Sample Report.

Key Market Dynamics
  • Market Driver: Anomaly detection tools are gaining traction in the BFSI sector, which is driving the market growth. In the BFSI sector, anomaly detection-based fraud prevention and detection solutions are more common than prescriptive and predictive analytics. These applications require a standard machine-learning model that is trained to check the incoming data, which is constantly changing. The popularity of anomaly detection software is increasing in the BFSI sector. This industry is implementing IT solutions to reduce manual dependency and increase processing efficiency. These factors will propel the anomaly detection market growth during the forecast period.
  • Market Challenge: Infrastructural requirements will challenge the growth of the anomaly detection market. Advanced infrastructure is needed to deploy anomaly detection. Access control systems require the installation of an extensive database of biometric/card scanners. Alarm systems should be integrated with sensors or manual switches, which needs robust building infrastructure. Surveillance activities generate a large volume of audio-visual data that must be stored and archived. Storage solutions should be scalable to accommodate continuous changes in the volume of surveillance data. However, the lack of robust network infrastructure in developing and underdeveloped countries reduces the availability of high bandwidth, which affects data transmission. Such factors will hamper the growth of the anomaly detection market during the forecast period.

To learn about additional key drivers, trends, and challenges available with Technavio, View our FREE PDF Sample Report

Market Segmentation

By deployment, the cloud segment will be a significant contributor to market growth during the forecast period. Cloud-based solutions provide improved flexibility and scalability, quick deployment, real-time data visibility, and customization capabilities. Service providers offer these functionalities with flexible payment options. Hence, cloud-based software deployment is cost-effective and less expensive when compared to the on-premises deployment model.

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By geography, North America will be the leading region with 40% of the market's growth during the forecast period. The US is the key country for the anomaly detection market in North America.

Find additional insights into the contribution of all the segments and regional opportunities in the report. Buy Now to learn about market segmentation in detail

Some Companies Mentioned
  • Accenture Plc
  • Anodot Ltd.
  • Avora
  • Broadcom Inc.
  • Cisco Systems Inc.
  • Dynatrace Inc.
  • Intel Corp.
  • International Business Machines Corp.
  • Kemp Technologies Inc.
  • KNIME AG
  • Mechademy Incorp
  • Microsoft Corp.
  • Prophix Software Inc.
  • SAS Institute Inc.
  • Singapore Telecommunications Ltd.
  • SolarWinds Corp.
  • SUBEX Ltd.
  • TIBCO Software Inc.
  • Wipro Ltd.
  • Zoho Corp.

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Anomaly Detection Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 15.08%

Market growth 2022-2026

USD 4.23 billion

Market structure

Fragmented

YoY growth (%)

14.4

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 40%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Accenture Plc, Anodot Ltd., Avora, Broadcom Inc., Cisco Systems Inc., Dynatrace Inc., Intel Corp., International Business Machines Corp., Kemp Technologies Inc., KNIME AG, Mechademy Incorp, Microsoft Corp., Prophix Software Inc., SAS Institute Inc., Singapore Telecommunications Ltd., SolarWinds Corp., SUBEX Ltd., TIBCO Software Inc., Wipro Ltd., and Zoho Corp.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.


Browse Information Technology Market Reports

Key Topics Covered

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition 
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Deployment

  • 5.1 Market segments 
    • Exhibit 24: Chart on Deployment - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Deployment - Market share 2021-2026 (%)
  • 5.2 Comparison by Deployment 
    • Exhibit 26: Chart on Comparison by Deployment
    • Exhibit 27: Data Table on Comparison by Deployment
  • 5.3 Cloud - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Cloud - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Cloud - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Cloud - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Cloud - Year-over-year growth 2021-2026 (%)
  • 5.4 On-premise - Market size and forecast 2021-2026
    • Exhibit 32: Chart on On-premise - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on On-premise - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on On-premise - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on On-premise - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Deployment 
    • Exhibit 36: Market opportunity by Deployment ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026 
    • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 Germany - Market size and forecast 2021-2026
    • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.10 UK - Market size and forecast 2021-2026
    • Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.11 China - Market size and forecast 2021-2026
    • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.12 Japan - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges 
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape 
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption 
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks 
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered 
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 Anodot Ltd. 
    • Exhibit 89: Anodot Ltd. - Overview
    • Exhibit 90: Anodot Ltd. - Product / Service
    • Exhibit 91: Anodot Ltd. - Key news
    • Exhibit 92: Anodot Ltd. - Key offerings
  • 10.4 Broadcom Inc. 
    • Exhibit 93: Broadcom Inc. - Overview
    • Exhibit 94: Broadcom Inc. - Business segments
    • Exhibit 95: Broadcom Inc. - Key news
    • Exhibit 96: Broadcom Inc. - Key offerings
    • Exhibit 97: Broadcom Inc. - Segment focus
  • 10.5 Cisco Systems Inc. 
    • Exhibit 98: Cisco Systems Inc. - Overview
    • Exhibit 99: Cisco Systems Inc. - Business segments
    • Exhibit 100: Cisco Systems Inc. - Key news
    • Exhibit 101: Cisco Systems Inc. - Key offerings
    • Exhibit 102: Cisco Systems Inc. - Segment focus
  • 10.6 Dynatrace Inc. 
    • Exhibit 103: Dynatrace Inc. - Overview
    • Exhibit 104: Dynatrace Inc. - Product / Service
    • Exhibit 105: Dynatrace Inc. - Key news
    • Exhibit 106: Dynatrace Inc. - Key offerings
  • 10.7 International Business Machines Corp. 
    • Exhibit 107: International Business Machines Corp. - Overview
    • Exhibit 108: International Business Machines Corp. - Business segments
    • Exhibit 109: International Business Machines Corp. - Key offerings
    • Exhibit 110: International Business Machines Corp. - Segment focus
  • 10.8 SAS Institute Inc. 
    • Exhibit 111: SAS Institute Inc. - Overview
    • Exhibit 112: SAS Institute Inc. - Product / Service
    • Exhibit 113: SAS Institute Inc. - Key news
    • Exhibit 114: SAS Institute Inc. - Key offerings
  • 10.9 Singapore Telecommunications Ltd. 
    • Exhibit 115: Singapore Telecommunications Ltd. - Overview
    • Exhibit 116: Singapore Telecommunications Ltd. - Business segments
    • Exhibit 117: Singapore Telecommunications Ltd. - Key offerings
    • Exhibit 118: Singapore Telecommunications Ltd. - Segment focus
  • 10.10 SUBEX Ltd. 
    • Exhibit 119: SUBEX Ltd. - Overview
    • Exhibit 120: SUBEX Ltd. - Product / Service
    • Exhibit 121: SUBEX Ltd. - Key news
    • Exhibit 122: SUBEX Ltd. - Key offerings
  • 10.11 TIBCO Software Inc. 
    • Exhibit 123: TIBCO Software Inc. - Overview
    • Exhibit 124: TIBCO Software Inc. - Product / Service
    • Exhibit 125: TIBCO Software Inc. - Key offerings
  • 10.12 Wipro Ltd. 
    • Exhibit 126: Wipro Ltd. - Overview
    • Exhibit 127: Wipro Ltd. - Business segments
    • Exhibit 128: Wipro Ltd. - Key news
    • Exhibit 129: Wipro Ltd. - Key offerings
    • Exhibit 130: Wipro Ltd. - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 131: Inclusions checklist
    • Exhibit 132: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 133: Currency conversion rates for US$
  • 11.4 Research methodology 
    • Exhibit 134: Research methodology
    • Exhibit 135: Validation techniques employed for market sizing
    • Exhibit 136: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 137: List of abbreviations
About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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