Contact Us

Anomaly Detection Market Growth Poised to Reach $12.04 Billion By 2029 At CAGR of 18.1%

21 Jan, 2025

What Has Been The Anomaly Detection Market Size Trajectory In The Recent Past?

The Anomaly Detection Market has swiftly progressed across the recent past due to its rising application in various sectors.
• The market size expanded from $5.5 billion in 2024 to $6.2 billion in 2025, registering a robust CAGR of 12.7%.
This acceleration is credited to factors like customer experience and service optimization, regulatory compliance and increased application in areas like healthcare, medical diagnostics, and financial fraud prevention. The IoT-based expansion for sensor data has also significantly impacted the market's growth.

What Is The Projected Scalability Of Anomaly Detection Market For The Forecast Period?

The anomaly detection market is projected to maintain surging growth in the upcoming years.
• The expectancy is of the market size to reach $12.04 billion by 2029, bolstered by a mighty CAGR of 18.1%.
This forthcoming market momentum could be attributed to factors like enhancement in customer experience, adherence to compliance and regulatory requirements, optimization of industrial and manufacturing processes, rapidly increasing data complexity, the evolution of cybersecurity threats, and developments in AI and machine learning. Resultingly, advancements in AI and machine learning techniques, real-time anomaly detection, and processes like unsupervised and semi-supervised learning will dominate the major trends of the forecast period.

What Factors Are Accelerating The Anomaly Detection Market Growth?

The anomaly detection market is undergoing substantial growth propelled by the increasing number of connected devices. Anomaly detection proves beneficial in monitoring the devices connected to a network and safeguarding data traffic within an organization. For instance, DataProt, a US-based cybersecurity information provider, reports that in 2021, we had over 10 billion active connected devices worldwide, a number that is projected to cross the 25 billion mark by 2030. Therefore, the rising number of connected devices across the globe fuels the anomaly detection market.

How Is The Anomaly Detection Market Segmented?

The anomaly detection market report provides segmentation as follows:
1) By Component: Solutions, Services
2) By Technology: Big Data Analytics, Data Mining and Business Intelligence, Machine Learning and Artificial Intelligence
3) By Deployment Type: Cloud, On-Premises, Hybrid
4) By Application: Intrusion Detection, Fraud Detection, Defect Detection, System Health Monitoring
5) By Vertical: Banking, Financial Services, and Insurance (BFSI), Retail, Manufacturing, IT and Telecom, Government, Aerospace and Defense, Medical Care, Other Verticals

Pre-Book The Anomaly Detection Market Report For Swift Delivery And Comprehensive Insights Here

What Trends Are Maturing In The Anomaly Detection Market?

The progressive technological edge in the anomaly detection market is producing a visible trend. Major market players are developing technologically advanced products to fortify their market positioning. For example, IBM, a leading technology corporation, in June 2022, unveiled IBM Cloud Pak for Watson AIOps V3.4, a tool that applies AI and machine learning to supervise IT environments in real time. This tool highlights unusual patterns that could signal threats or issues. Its integration with existing IT management tools and predictive analytics aids organizations to anticipate disruptions and optimize operational output.

Who Are The Key Stakeholders In The Anomaly Detection Market?

The key stakeholders enhancing the competitive landscape in the market are:
• SAS Institute Inc.
• Cisco Systems Inc.
• Dell Technologies Inc.
• Hewlett Packard Enterprise Company
• Symantec Corporation
• Trend Micro Incorporated
• Splunk Inc.
• Wipro Limited
• Securonix Inc.
• Gurucul Solutions LLC
• and others.

Which Region Dominates The Anomaly Detection Market?

In terms of region, North America was the largest region in the anomaly detection market in 2024. Conversely, Asia-Pacific is projected to be the fastest-growing region for the forecast period. The coverage of the market's geographical scopes includes Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.