Cloud Discovery Market Size, Share & Industry Analysis, By Component (Solutions, Services), By Enterprise Size (Large Enterprises, Small and Medium Enterprises), By End User (IT and telecom, Banking, Financial Services and Insurance (BFSI), Healthcare, Manufacturing) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105885 | Status : Ongoing

KEY MARKET INSIGHTS

Cloud discovery helps organizations identify cloud activities such as cloud database, cloud spanning, containers, and other cloud related services running at the same time. The solution offers a single consolidated view of all cloud platform and cloud services within an organization. The solution helps reducing manual interaction by using auto discovery tools. It also offers accurate information about all systems and application associated with IT infrastructure and helps in securing the data of end users.

Growing demand for cloud services and securing IT infrastructure are the major factors that support the market. In addition, the rise in demand of multi-cloud and big data technology and adoption of IT based application is likely to drive the market growth in coming years.

Key Market Driver -

• Increasing demand for strategic cloud planning and migration to cloud to fuel the market growth. • Various services offered by cloud discovery such as cost efficient, high quality delivery and others are expected to drive the growth of the market

Key Market Restraint -

• High cost of cloud services and solutions to hinder the market growth. • Strict government regulations associated with IT infrastructure and data privacy

Key Players Covered:

Major players operating in the cloud discovery market are AlienVault, ASG Technologies, Zscaler, Ziften, WhiteHat Security, BMC Software Inc, Certero, Virima Technologies, vArmour, Cipher Clouds, Cisco Systems Inc, ServiceNow, Qualys, Puppet, Connectwise, iQuate, ScienceLogic, Perpetuuiiti, Kmicro, ManageEngine, Nuvalo, NetSkope, McAfee LLC, Movere and Nephos Technologies.

Companies in cloud discovery market are observed to focus on the organic growth strategies such as new product launches and other related events such as promotion and marketing of the product. Business strategies majorly embraced by the market players are partnerships, collaboration and acquisition. As the demand for cloud based solutions are rising, it is expected to boost the growth of cloud discovery market. For instance, in February 2019, BMC announced BMC Helix on IBM clouds. Helix enables enterprises to run BMC Helix on their choice of clouds including Azure, AWS, BMC cloud and IBM cloud.

Regional Analysis:

North America is projected to emerge as the dominant region during the forecast period as the demand for cloud based technology has increased rapidly in the region. Countries like U.S. and Canada are having highest presence of vendors providing cloud based solution to end users that is expected to support the market growth across the region.

Asia Pacific is anticipated to grow with highest growth rate as the region is witnessing high demand in smart technology innovations and low cost cloud based solutions from small and medium enterprises. Enterprises use these technologies to achieve great control over their cloud applications and IT infrastructure these benefits/advantages are likely to surge the adoption of cloud discovery solutions across the region.

Further, Europe, Middle East and Africa are having significant growth as the adoption of multi cloud solutions are increasing in small and medium sized enterprises that is more likely to drive the growth of the market in the region.

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Segmentation

ATTRIBUTE	DETAILS
By Component	Solutions Services
By Enterprise Size	Large Enterprises Small and Medium Enterprises
By End User	IT and telecom Banking, Financial Services and Insurance (BFSI) Healthcare Manufacturing Transportation Retail Others (Media and entertainment, Energy, etc.)
By Geography	North America (United States, Canada, and Mexico) South America (Brazil, Argentina, and Rest of South America) Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, and Rest of Europe) Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and Rest of the Middle East & Africa) Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, and Rest of Asia Pacific)

Key Industry Developments

Oct 2019 – Qualys launched a Global IT Asset Discovery app which is built on FedRAMP (authorized cloud platform). This app helps in categorization and normalization of federal agency’s data and provide single source for IT, compliance and security team.

September 2019 – Microsoft acquired Movere Inc., a provider of SaaS platform headquartered at Washington, United States through this acquisition Microsoft aims to unlock cloud innovation by leveraging innovation tools. This will help partner solutions, making migration simple for end user.

March 2021 – Lookout Inc, cybersecurity company headquartered at San Francisco, California acquired CipherClouds to provide security to organization from end point to clouds.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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