DUBLIN–(BUSINESS WIRE)–The “Anomaly Detection Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The anomaly detection market is expected to register a CAGR of 15.3% and surpass USD 5 billion, by the end of the forecast period (2021 – 2026).
Companies Mentioned
Verint Systems Inc. Broadcom Inc. (Symantec Corporation) WSO2 Inc. Microsoft Corporation Cisco Systems Inc. IBM Corporation Wipro Limited Trend Micro Incorporated SAS Institute Inc. Happiest Minds Technologies Pvt Ltd Guardian Analytics Inc. Key Market Trends
BFSI is Expected to Hold a Significant Part of the Market Share
Banking operations include many periodic and aperiodic activities and transactions performed by employees, customers, and external agencies. The nature of such activities is quite complex and requires constant monitoring to make sure that neither the bank nor its end customers are adversely affected by various malicious and random activities. This poses a great potential opportunity for the companies offering solutions and services to prevent such anomalies. For instance, CSI’s fraud anomaly detection software for banks updates the institution about suspicious activity by generating automated alerts, allowing them to maintain diligence and compliance. The various guidelines or regulations issued by the regulatory bodies and agencies are expected to drive the market during the forecast period. For instance, as a financial, it is required by the Federal Financial Institutions Examination Council (FFIEC) to have a process in place that helps in the monitoring of potential anomalous behavior within online banking. North America Holds the Largest Share in the Market
The Federal Trade Commission states that identity thefts related to payment and the banking sector are prominent in the United States, which may boost the adoption of anomaly detection solutions and services. North America is a pioneer in the bring-your-own-device (BYOD) culture, which has resulted in its wide-scale adoption. This shift has made the organizations to look for solutions and services that enable them to ensure the safety of sensitive business information, which, in turn, could boost the anomaly detection market in the region. The companies in the region are focused on providing their customers with a significant breadth of offerings in the anomaly detection field and provide enhanced features and functionalities. One such company is Cisco Systems Inc., an American multinational technology conglomerate headquartered in San Jose, California. Some of the products offered by the company are NetFlow, which allows the user to identify anomalies by producing detailed accounts of traffic flows and provides a high-level of diagnostics to classify and identify network anomalies. Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Number of Cyber Crimes
4.2.2 Increasing Adoption of Anomaly Detection Solutions in Software Testing
4.3 Market Restraints
4.3.1 Open Source Alternatives Pose as a Threat
4.4 Industry Attractiveness – Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Solutions
5.1.2 Service
5.2 By End-user Industry
5.2.1 BFSI
5.2.2 Manufacturing
5.2.3 Healthcare
5.2.4 IT and Telecommunications
5.2.5 Other End-user Industry
5.3 By Deployment
5.3.1 On-premise
5.3.2 Cloud
5.4 Geography
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/upzgn6.