Market Trends of Cloud Discovery Industry
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.
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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.
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