Forecast Period 
Market Size (Base Year) 
Market Size (Forecast Year)
CAGRGlobal Cloud Discovery Market, By Component (Solutions, Services), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), Vertical (Banking, Financial Services, and Insurance (BFSI), Healthcare and Life Sciences, Telecommunications and ITes, Retail and Consumer Goods, Government and Public Sector, Media and Entertainment, Manufacturing, Transportation and Logistics, Others) – Industry Trends and Forecast to 2029.
Cloud Discovery Market Analysis and Size
Integration of multi-cloud and big data technology among various cloud-based organisations is expected to drive market growth, owing to cloud discovery features such as automated monitoring, which uses advanced hybrid and multi-cloud discovery to monitor cloud-based workloads via cloud provider APIs and displays a single hybrid view of resource interdependencies.
Data Bridge Market Research analyses that the cloud discovery market was valued at USD 1.04 billion in 2021 and is expected to reach the value of USD 3.63 billion by 2029, at a CAGR of 16.90% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Cloud Discovery Market Scope and Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2022 to 2029 |
|
Base Year |
2021 |
|
Historic Years |
2020 (Customizable to 2014 - 2019) |
|
Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
|
Segments Covered |
Component (Solutions, Services), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), Vertical (Banking, Financial Services, and Insurance (BFSI), Healthcare and Life Sciences, Telecommunications and ITes, Retail and Consumer Goods, Government and Public Sector, Media and Entertainment, Manufacturing, Transportation and Logistics, Others) |
|
Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
|
Market Players Covered |
AO Kaspersky Lab (Russia), ASG Technologies (U.S), AT&T Intellectual Property (U.S), BlueCat Networks (U.S), BMC Software Inc. (U.S), Certero (U.K), Cisco Systems Inc. (US.), IBM Corporation (U.S), Lookout Inc. (U.S), McAfee LLC. (U.S), Microsoft (U.S), Netskope Inc. (U.S), Nippon Telegraph and Telephone Corporation (Japan), Palo Alto Networks (U.S), Puppet Inc. (U.S), Qualys Inc.(U.S) ServiceNow (U.S), TechNEXA Technologies Private Limited (India), Virima Inc. (U.S), Zscaler. Inc. (U.S) |
|
Market Opportunities |
|
Market Definition
Cloud discovery is a powerful tool for security and audit practitioners who want to quickly discover all of the "unknown unknowns" across environments. Cloud discovery uses only read permissions to connect to the cloud provider's native platform APIs to find services and their metadata. It also includes a network discovery option for discovering cloud-native apps and infrastructure and port scanning to sweep IP ranges. It comes as a simple docker container image that can be run anywhere and is suitable for both automation and interactive use.
Global Cloud Discovery Market Dynamics
Drivers
- Integration of big data technology and multi-cloud technology
Various cloud discovery features, such as data sharing via high-quality web services, file feeds, and single sign-on across the network, are increasing cloud discovery adoption among industrial sectors. Furthermore, a multi-cloud environment enables managed cloud services such as software-as-a-service (SaaS), infrastructure-as-a-service (IaaS), and platform-as-a-service (PaaS) for the operation of various organisations, which is fuelling the growth of the cloud discovery market.
Furthermore, the integration of big data technology and multi-cloud technology usage among various cloud-based organizations is propelling the growth of the cloud discovery market. Furthermore, cloud discovery provides various features such as automated monitoring via cloud provider APIs and displays a single hybrid view of resource interdependencies, which are driving the cloud discovery market's growth.
- High adoption of cloud computing technologies
The growing adoption of cloud computing technology across various industry sectors is expected to drive growth in the global cloud discovery market during the forecast period, owing to cloud discovery features such as data sharing via file feeds, high quality web services, and single sign-on across the network. Organizations are increasingly considering transforming modern cloud discovery’s to simplify business processes and assist management in making effective decisions. Processes were traditionally carried out manually, which took a long time and money and was prone to errors due to the manual labour involved. With the advent of cloud discovery solutions, businesses can now automate processes, resulting in increased efficiency.
Opportunity
During the forecasted period, technological advancements and increased investment by major corporations in greater security and enhanced cloud services are expected to provide new revenue opportunities for target market companies. Furthermore, increased merger and acquisition activity among regional and multinational corporations is likely to provide new opportunities, assisting the market to grow to some extent.
Restraints
The increasing imposition of strict government rules and regulations, as well as fierce competition among enterprises, are acting as market restraints for cloud discovery during the forecasted period. The increasing demand for robust and high-performing solutions will be the primary challenge for market growth.
This cloud discovery market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cloud discovery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Cloud Discovery Market
The COVID-19 outbreak had a positive impact on market growth in 2020. This was due to cloud discovery solutions allowing businesses to manage and protect their data in the cloud. Furthermore, in order to combat the spread of COVID-19, most organisations implemented a work-from-home policy. As a result, the region's global cloud discovery market grew in 2020 and 2021 and is expected to grow further during the forecast period. To deal with the pandemic situation, industries adopted various strategies, with cloud discovery strategy gaining prominence across organisations.
Recent development
In June 2019, CipherCloud introduced new email security capabilities in its CipherCloud Zero Trust CASB+ platform, which combines zero trust prevention with industry-leading data protection technologies.
Global Cloud Discovery Market Scope
The cloud discovery market is segmented on the basis of component, organization size, and vertical. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Solution
- Application discovery
- Infrastructure discovery
- Services
- Professional services
- Raining
- Education and consulting
- Support and maintenance
- Managed services
Organization size
- Small and medium sized enterprises
- Large Enterprises
Vertical
- Banking Financial Services and Insurance (BFSI)
- Healthcare and Life Sciences
- Government and Public Sector
- Telecommunication and ITes
- Retail and Consumer Goods
- Media and Entertainment
- Manufacturing
- Transportation and Logistics
- Others
Cloud Discovery Market Regional Analysis/Insights
The cloud discovery market is analysed and market size insights and trends are provided by country, component, organization size, and vertical as referenced above.
The countries covered in the cloud discovery market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The North American market is dominating the global market in terms of revenue, owing to the region's widespread adoption of advanced cloud-based technologies across industries. Furthermore, the high presence of leading players in countries such as the United States and Canada is another factor expected to drive significant growth in the global market during the forecast period. The Asia Pacific market is expected to grow rapidly in terms of revenue in the near future, owing to rising smart technology innovations and rising demand to improve overall infrastructure scalability across various industries in the region.
Latin America and Europe are expected to see rapid growth in the coming years, owing to rising preferences for efficient computing frameworks and secure IT infrastructure among the region's emerging economies. The Middle East and Africa are expected to see lucrative revenue growth as a result of increased awareness of cloud services, assessment, and discovery among various organisations in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cloud Discovery Market Share Analysis
The cloud discovery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cloud discovery market.
Some of the major players operating in the cloud discovery market are:
- AO Kaspersky Lab (Russia)
- ASG Technologies (U.S)
- AT&T Intellectual Property (U.S)
- BlueCat Networks (U.S)
- BMC Software Inc. (U.S)
- Certero (U.K)
- Cisco Systems Inc. (US.)
- IBM Corporation (U.S)
- Lookout Inc. (U.S)
- McAfee LLC. (U.S)
- Microsoft (U.S)
- Netskope Inc. (U.S)
- Nippon Telegraph and Telephone Corporation (Japan)
- Palo Alto Networks (U.S)
- Puppet Inc. (U.S)
- Qualys Inc. (U.S)
- ServiceNow (U.S)
- TechNEXA Technologies Private Limited (India)
- Virima Inc. (U.S)
- Zscaler. Inc. (U.S)
SKU-
