Unmasking the Unexpected: A Deep Dive into the Anomaly Detection Market
Identification of anomalies or abnormal patterns falling out of the standard is one of the most important jobs in today's data-driven world. From controlling fraudulent transactions to predicting equipment failures, anomaly detection covers everything from ensuring operational efficiency , security, and business continuity. Let's have a look at the booming anomalous detection market: key drivers and challenges and possible future trajectory. The huge volumes and complexity of data created in industries have enormously improved the growth of the anomaly detection market. Anomaly Detection Market Drivers: - This has led to a data explosion phenomenon that has been enhanced by the growth in the usage of connected devices, sensors, and digital platforms. The data is now too massive to be processed manually, making manual anomaly detection virtually very challenging. Thus, an enormous requirement for automatic solutions has emerged. • Big Data and Cloud Computing : Big data tech...