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3. Dell Technologies, Inc. (US) and Wipro Limited (India) are the Leading Players in the Anomaly Detection Market

The anomaly detection market is gaining traction due to the growth of data, emergence of High-Performance Data Analytics (HPDA), and increase in cyber espionage and fraudulent activities. The increasing risk of cyber threats faced by various organizations and the inability of traditional security systems to detect such threats are some of the other factors contributing to the growth of the anomaly detection market. MarketsandMarkets forecasts the global anomaly detection market size to grow from USD 2.08 Billion in 2017 to USD 4.45 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 16.4%.

There are several established players in the anomaly detection market, such as Wipro Limited (India), Cisco Systems, Inc. (US), International Business Machines Corporation (US), Hewlett Packard Enterprise Company (US), Dell Technologies, Inc. (US), SAS Institue, Inc. (US), Symantec Corporation (US), Anodot (Israel), Happiest Minds (India), and Guardian Analytics (US). These leading players have adopted various strategies, such as partnerships, collaborations, agreements, mergers, acquisitions, and new product developments, to achieve growth in the global anomaly detection market. 

Dell Technologies, Inc. is one of the leading players in the anomaly detection market. The company has adopted both organic and inorganic growth strategies to enhance its market presence. It has entered into various partnerships and alliances with local as well as global players. In 2016, Dell Technologies partnered with Securonix, a pioneer in User and Entity Behavior Analytics (UEBA) for cybersecurity. The partnership enabled Dell to provide advanced security analytics for active directory and enterprise applications. This helps Dell’s customers deeply understand the user and administrative changes made to Microsoft Active Directory, security intelligence capabilities, and file server activities. Moreover, in 2015, Dell Technologies introduced a real-time behavior analytics engine to detect advanced attack activities. This helped identify specific anomalous activities and behaviors.

Wipro Limited is another established vendor in the anomaly detection market. The company has a strong presence worldwide, including the regions of North America, Asia Pacific (APAC), Middle East and Africa (MEA), Europe, and Latin America. The company focuses more on inorganic growth strategies to tap the benefits of the anomaly detection market. In 2016, Wipro Limited partnered with ASG Technologies, a global provider of technology solutions, including workspaces, content solutions, and enterprise software. The partnership enabled Wipro Limited to integrate its Data Management Centre of Excellence (CoE) offering with ASG's Enterprise Data Intelligence solution, to improve compliance for global financial service companies. Moreover, in 2016, Wipro Limited partnered with Vectra Networks, a Silicon Valley-based cybersecurity company. The partnership enabled Wipro to leverage the Vectra automated threat management platform built with the help of Artificial Intelligence (AI), based on machine learning and behavioral analytics to detect attacker behaviors and user anomalies in the network.

Related Reports:

Anomaly Detection Market by Solution (Network and User Behavior Anomaly Detection), Technology (Big Data Analytics, Data Mining and Business Intelligence, Machine Learning and Artificial Intelligence), Deployment, Service, Vertical - Global Forecast to 2022

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