The Europe Anomaly Detection Market would witness market growth of 15.6% CAGR during the forecast period (2023-2030).
Monitoring user activity and looking for anomalies can help organizations lower their likelihood of insider attacks and protect their valuable assets. Anomaly detection helps organizations monitor and identify security incidents or data breaches, so they may adhere to compliance standards and avoid issues.
Therefore, the demand for anomaly detection tools is increasing as they provide an additional layer of security to protect sensitive data and ensure regulatory compliance. Additionally, the pandemic resulted in a huge rise in cyberattacks and threats as unscrupulous actors profited from the exposed and unstable environment. With analytics tools and other management software, every part of the business can be measured efficiently. This contains key performance indicators that measure the effectiveness of the business as well as the operational performance of the apps and infrastructure.
A novel market campaign to boost leads, a promotional offer to drive sales, a price error that damages revenue, etc., are just a few examples of the many various business indicators that may be measured, generating a lot of data to explore. Businesses specializing in anomaly detection can utilize this information to learn more about user experience, product quality, and performance.
Healthcare spending in the region is increasing significantly. The third-largest worldwide sector of medical technology is located in Germany, according to the International Trade Administration. It is also the largest customer base in Europe, approximately tripling the size of France and surpassing Italy, the UK, and Spain. The PSN estimates that 75% of government departments will utilize cloud services by 2026. In 2023, more than 300 central public administration and healthcare organizations will also transfer their data and services to the PSN. Therefore, the demand for cyber security measures has increased, particularly those guarding against insider threats, thereby facilitating the development of the regional market.
The Germany market dominated the Europe Anomaly Detection Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $915.9 million by 2030. The UK market is exhibiting a CAGR of 14.7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 16.5% during (2023 - 2030).
Based on Deployment, the market is segmented into On-premise, and Cloud. Based on Technology, the market is segmented into Big Data Analytics, Business Intelligence & Data Mining, and Machine Learning & Artificial Intelligence. Based on Component, the market is segmented into Solution (Network Behavior, and User Behavior), and Services. Based on End-Use, the market is segmented into BFSI, Government & Defense, IT & Telecom, Healthcare, Manufacturing, Retail, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Anomaly Detection Market is Projected to reach USD 13.4 Billion by 2030, at a CAGR of 15.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc., Broadcom, Inc., Cisco Systems, Inc., Dell Technologies, Inc., Dynatrace, Inc., Happiest Minds Technologies Limited, Hewlett Packard Enterprise Company, IBM Corporation, Microsoft Corporation and SAS Institute, Inc.
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