According to a new market research report on "Cloud Discovery Market by Solution (Application Discovery and Infrastructure Discovery),
Service (Professional Services and Managed Services), Organization Size (Large
Enterprises and SMES), Vertical, and Region - Global Forecast to 2023", The cloud discovery market size is expected to grow from USD
730.8 Million in 2018 to USD 1,564.1 Million by 2023, at a Compound Annual
Growth Rate (CAGR) of 16.4% during the forecast period.
The demand for cloud discovery is
expected to be driven by growing adoption of multi-cloud and increasing need to
efficiently manage the security of the IT infrastructure. Moreover, with the
increasing usage of cloud applications across different verticals and the
rising trend of Bring Your Own Device (BYOD), the adoption rate of cloud
discovery among enterprises is expected to gain a major traction during the
forecast period.
Browse and in-depth TOC on “Cloud
Discovery Market”
63 - Tables
30 - Figures
127 - Pages
The application discovery is expected to hold the largest market share during the forecast period
Cloud application discovery
solutions enables an IT administrator to discover the unmanaged cloud
applications that are being used by the members of the organization. This helps
administrators to control unauthorized access to corporate data, potential data
leakage, and other security risks inherent in the applications. Cipher Cloud’s
study for North America and Europe in 2014 concluded that 86% of cloud
applications used by enterprises were unsanctioned by the IT administrator.
Therefore, with the adoption of cloud discovery solutions, administrators can
continuously discover and categorize all the cloud applications users are
accessing.
The retail and consumer goods
vertical is expected to grow at the fastest rate during the forecast period
The retail and consumer goods
vertical has undergone significant transformation with the emergence of cloud-based
technologies. Retailers constantly strive to improve efficiency and reduce
cost. Managing their large application portfolios and distributed
infrastructures has become increasingly complex and expensive for the IT
departments. Retailers are aggressively pursuing the use of cloud computing,
primarily for cost reduction, speed-to-market, and quality benefits. Therefore,
to simplify the business process and control the unmanaged IT resources, it is
expected that the adoption trend of the cloud discovery solutions would grow
significantly in this vertical.
North America is expected to hold
the largest market share, whereas Asia Pacific (APAC) is expected to grow at
the fastest rate during the forecast period
North America dominates the cloud
discovery market as it is the most advanced region with respect to the usage of
cloud application and IT infrastructure. Due to the presence of a large number
of vendors offering cloud discovery solutions and services in this region, it
is expected to hold the largest market share during the forecast period.
Moreover, enterprises in this region have invested heavily in the cloud
computing technologies to gain a competitive edge over its competitors and
improve its overall business operations. On the other hand, the APAC region is in
its initial growth phase; however, it is expected to be the fastest growing
region in the global cloud discovery market. The increasing adoption of cloud
discovery in this region can be attributed to the wide-spread 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.
Major vendors providing cloud
discovery solutions and services are AlienVault (US), ASG Technologies (US),
BMC Software (US), Certero (UK), CipherCloud (US), Cisco Systems (US),
Connectwise (US), iQuate (Ireland), Kmicro (US), ManageEngine (US), McAfee
(US), Movere (US), Nephos Technologies (UK), NetSkope (US), Nuvalo (US),
Perpetuuiti (Singapore), Puppet (US), Qualys (US), ScienceLogic (US),
ServiceNow (US), vArmour (US), Virima Technologies (US), WhiteHat Security
(US), Ziften (US), and Zscaler (US).
Contact:Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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