According to market
research report " 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.
Browse and
in-depth TOC on “Cloud Discovery Market”
65
- Tables
30
- Figures
127
– Pages
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.
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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. CipherCloud’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.
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.
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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.
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).
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