Market Trends of Cloud Automation Industry
This section covers the major market trends shaping the Cloud Automation Market according to our research experts:
Hybrid Cloud is Expected to Hold a Significant Market Share
- Hybrid cloud services are expected to grow significantly compared to other cloud services over the next five years. According to an IBM survey, more than 77% of respondents have used a hybrid cloud strategy, which can help drive digital transformation.
- Further, government organizations are shifting focus on adopting Hyperscale cloud that includes benefits such as data centre modernization, unified operations, security and governance, and application innovation. For Instance, The National Security Agency awarded a cloud computing contract to Amazon Web Services worth up to USD 10 billion.
- Key players in the market are focused on investments, acquisitions, and partnerships. These strategies are projected to increase the growth opportunities for the market. For Instance, Cisco's new platform, Cisco Intersight, helps customers accelerate and simplify their hybrid cloud journey.
- According to NASSCOM, last year, the investment in infrastructure-as-a-service in India reached USD 2 billion. During COVID-19, people preferred to work from home, leading companies and other entities to increase investments in the cloud automation market.
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North America Holds a Prominent Share in the Cloud Automation Market
- North America is expected to hold a significant share of the Cloud Automation market. Many regional companies are moving beyond the public cloud and are stepping into a new era of hybrid IT that combines public, private, and hybrid cloud. Key players in the market have implemented a hybrid cloud strategy, aiding them in improving their business and delivering customer service.
- The rising digital transformation and cyber security trends are leading to increased Cloud Automation adoption in the region. For Instance, UiPath Collaborated with Microsoft to bring the Future of Automation to the cloud.
- According to Organization for Economic Corporation and development, United States healthcare expenditure grew with a CAGR of 3.8% from 2020 to 2021. In the healthcare sector, increasing technological developments, such as the Internet of Things (IoT) & wearables, cloud services, product engineering services, integration services, and data science and business intelligence solutions, are expected to boost market growth.
- The Cloud Automation market is witnessing growth due to the massive cloud deployments across the growing IT companies across the region. According to Flexera Software, Google Cloud Platform includes the highest percentage of 22% for experimenting with public cloud services.
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