Anomaly Detection Market is anticipated to grow at a significant CAGR of 15.8% during the forecast period. Increasing fraud detection in online transactions is expected to boost the growth of the global anomaly detection market. Moreover, there is increasing penetration of connected devices in various industries including BFSI, IT & telecom, healthcare, government and defense, and others which tend to further drive the growth of the anomaly detection industry. These industries generate and deal with important data regularly, which makes these industries vulnerable to getting exposed to serious thefts, fraud, and hacking. Thereby, the demand for anomaly detection solutions in such industries increases to prevent criminals from gaining control over the firm’s infrastructure.
In the healthcare sector, fraudulent activities can be done by patients itself such as prescription fraud, evasion of medical charges, and fraudulent procurement of sickness certificates. The healthcare industry has witnessed the numerous cases of frauds by doctors, physicians, and other medical specialists for the sake of profit. Moreover, medical professionals are involved in fraudulent activities such as errors concerning payments for medical tests, facility services, and consultations. Electronically fraud detection cases in healthcare are common practices, while electronic fraud detection is a relatively new field within the health insurance branch.
Advances in information technology, digitalization of health care information and the research on health insurance fraud have opened an area for data mining and machine learning applications to fight fraud. Within the area of data mining and machine learning, technologies have been widely studied and with knowledge from similar areas, progress has been made. Especially data-mining (DM) is gaining more attention by researchers as a potential tool to find health insurance fraud more easily. Data mining became a possibility now supercomputers, data warehouses, and big data are becoming more commonplace.
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Anomaly Detection Market- Segmentation
By Deployment
- On-Premise
- Cloud-Based
By End-User
- BFSI
- Manufacturing
- IT and Telecom
- Healthcare
- Others
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Anomaly Detection Market– Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of The World
Company Profiles
- Anodot, Ltd.
- Cisco Systems, Inc.
- Flowmon Networks A.S.
- Guardian Analytics, Inc.
- Gurucul Happiest Minds Technologies Pvt. Ltd.
- Hewlett Packard Enterprise Co.
- IBM Corp.
- LogRhythm, Inc.
- Microsoft Corp.
- Netskope, Inc.
- Rapid7
- SAS Institute Inc.
- Symantec Corp.
- Trend Micro Inc.
- Trustwave Holdings, Inc
- Varonis Systems, Inc.
- Verint Systems Inc.
- Wipro Ltd.
- WSO2 Inc.
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