Anomaly Detection Market Research Report – Forecast to 2023

Anomaly detection can be termed as a process to identify anomalies such as an unusual shift in the process or event in an operation that does not follow the expected pattern or dataset. These shift in the usual pattern of the event is the major cause of a fault, defect or an error in the process. Anomaly detection is widely used for applications such as intrusion detection, fraud detection, system, health monitoring, and many others in a similar ecosystem. The major factor contributing to the growth of anomaly detection market is the growing number of connected devices in a network. The larger the network, more chances of traffic congestion leading to unusual patterns in the network. Anomaly detection identifies these strange patterns in network traffic that could be a major reason for intrusion detection, cyber-attacks, and fraud detection.