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Cloud Discovery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global New Cloud Discovery Market is Segmented by Service (Professional, Managed), End-user Industry (IT & Telecommunication, BFSI, Retail), and Geography (North America, Europe, Asia-Pacific, Rest of the World). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

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Cloud Discovery Market Size

Cloud Discovery Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 18.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

Cloud Discovery Market Key Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Cloud Discovery Market with other markets in Technology, Media and Telecom Industry

Automation

Digital Commerce

Electronics

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Security & Surveillance

Cloud Discovery Market Analysis

Cloud Discovery Marke is expected to register a healthy CAGR of over 18% during the forecast period (2021 - 2026). Companies across the emerging economies are focusing on developing their cloud discovery solutions for the various end users to enhance service and security for the organizations.

  • Owing to features of cloud discovery such as data sharing through file feeds, high-quality web services, and single sign-on connection across the network is fueling the adoption of cloud computing technology among various industry sectors
  • Further, increasing implementation of the multi-cloud environment which facilitates managed cloud services such as, Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS), and Infrastructure-as-a-Service (IaaS) for the operation of enterprise cloud services are expected to strengthening the growth of cloud discovery market during the forecast period.
  • Integration of multi-cloud and big data technology among various cloud-based organizations is expected to proliferate the growth of the market, owing to features offered by cloud discovery such as, automated monitoring that utilizes advanced hybrid and multi-cloud discovery to monitor cloud-based workloads via cloud provider APIs and displays a single hybrid view of resource interdependencies.

Cloud Discovery Market Trends

This section covers the major market trends shaping the Cloud Discovery Market according to our research experts:

IT & Telecommunication Sector to Grow at a Significant Rate

  • The concept of the unified, outsourced solution is alluring for modern IT admins since the alternative is a mess of partial add-on solutions with an aging on-premise IT infrastructure. Also, with the penetration of cloud services rising day-by-day across the IT industry, the databases and servers are now being shifted to the cloud. Also, growth in cloud spending is expected to drive the solution from the cloud discovery market.
  • Prominent telecom organizations have also begun to transform themselves into technology providers by creating mobile applications for the use of VoIP calls and storing data on cloud platforms. 
  • In addition to this, growth in security spending in IT organizations along with the combined mobility and cloud computing is expected to create new frontiers of risks for operators, thereby driving the adoption of a highly secure and robust cloud discovery platform.
Cloud Discovery Market Trends

North America is Expected to Hold the Largest Market Share

  • Due to the presence of a large number of vendors offering cloud discovery solutions and services across the region, it is expected to hold the largest market share during the forecast period.
  • Enterprises are investing heavily in cloud computing technologies to gain a competitive edge over the competitors and improve their overall business operations. Moreover, the increasing adoption of cloud discovery across the region can be attributed to the widespread presence of Small and Medium-sized Enterprises (SMEs) that are implementing low-cost cloud-based technologies to achieve in-depth visibility and control over their cloud applications and IT infrastructure.
Cloud Discovery Market Growth

Cloud Discovery Industry Overview

Cloud discovery marketis moderately competitive and consists of a few major players. In terms of market share, some of theplayers currently dominate the market. However, with the advancement in themanaged services, new players are increasing their market presence thereby expanding their business footprint across the emerging economies.

  • June 2019 -CipherCloud announced thenew email security capabilities in its CipherCloud Zero Trust CASB+ platform, combining zero trust threat prevention with industry-leading data protection technologies. The CipherCloud platform provides innovative adaptive control enforcing zero trust cloud security with continuous risk assessment; zero-day threat protection and real-time blocking; and machine learning that detects compromised credentials and anomalous behaviors across cloud applications.
  • June 2019 -McAfee released a special edition of its Cloud and Risk Adoption Report, focused on the business impact of cloud services and how organizations around the world are addressing security gaps to accelerate their businesses with the cloud, sincewith theincreasing amount of sensitive data stored in the cloud, organizations are also finding challenges in managing their risk, which holds back many organizations from realizing their full potential.

Cloud Discovery Market Leaders

  1. ServiceNow Inc.

  2. BMC Software Inc.

  3. Amazon Web Services Inc.

  4. Microsoft Corp.

  5. McAfee LLC

*Disclaimer: Major Players sorted in no particular order

ServiceNow Inc., BMC Software Inc., Amazon Web Services Inc., Microsoft Corp., McAfee LLC
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Cloud Discovery Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Growing Adoption of Multi-Cloud Environment Across Various End-User Industries

      2. 4.3.2 Rising Need of Efficiently Managed Secure IT Infrastructure To Deliver Robust & High-Performing Cloud Solutions

    4. 4.4 Market Restraints

      1. 4.4.1 Lack of Sufficient Infrastructure Among SMEs

      2. 4.4.2 Stringent Government Rules and Regulations Across Emerging Economies

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Technology Snapshot

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Service

      1. 5.1.1 Professional

      2. 5.1.2 Managed

    2. 5.2 By End-user Industry

      1. 5.2.1 IT & Telecommuication

      2. 5.2.2 BFSI

      3. 5.2.3 Retail

      4. 5.2.4 Industrial

      5. 5.2.5 Healthcare

      6. 5.2.6 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 Latin America

      5. 5.3.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 ServiceNow Inc.

      2. 6.1.2 BMC Software Inc.

      3. 6.1.3 McAfee LLC

      4. 6.1.4 CipherCloud Inc.

      5. 6.1.5 AlienVault Inc. (AT&T Communications LLC.)

      6. 6.1.6 Amazon Web Services Inc.

      7. 6.1.7 Microsoft Corp.

      8. 6.1.8 vArmour Networks Inc.

    2. *List Not Exhaustive

  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Cloud Discovery Industry Segmentation

Cloud Discovery refers to analyzing unmanaged cloud applications used by associates of the organization. This helps to control unauthorized access to corporate data and other security risk associated with cloud-based technology. Cloud discovery uses the cloud vendor's API to extract data on the client cloud services, rather than the direct access used in scanning their on-premises infrastructure. The scope of the study includes various end-user industries currently adopting the cloud discovery platform thereby integrating it to their existing business model.

By Service
Professional
Managed
By End-user Industry
IT & Telecommuication
BFSI
Retail
Industrial
Healthcare
Other End-user Industries
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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Cloud Discovery Market Research FAQs

The Cloud Discovery Market is projected to register a CAGR of 18% during the forecast period (2024-2029)

ServiceNow Inc., BMC Software Inc., Amazon Web Services Inc., Microsoft Corp. and McAfee LLC are the major companies operating in the Cloud Discovery Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Cloud Discovery Market.

The report covers the Cloud Discovery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cloud Discovery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Cloud Discovery Industry Report

Statistics for the 2024 Cloud Discovery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cloud Discovery analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Cloud Discovery Market Report Snapshots

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Cloud Discovery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)