Global Cloud Discovery Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2024 –2031 |
 Market Size (Base Year) |
USD 1.42 Billion |
 Market Size (Forecast Year) |
USD 4.96 Billion |
 CAGR |
% |
| Major Markets Players |
Global Cloud Discovery Market Segmentation, By Component (Solutions and Services), Organization Size (Large Enterprises and 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, and Others) – Industry Trends and Forecast to 2031.
Cloud Discovery Market Analysis
The cloud discovery market is experiencing significant growth, driven by the adoption of advanced methods and technologies that enhance visibility and control over cloud assets. One of the latest methods is the integration of AI and machine learning algorithms that automate the discovery of cloud resources across multi-cloud environments. These technologies allow businesses to identify shadow IT, reduce security risks, and optimize cloud usage by providing real-time insights into cloud consumption patterns.
The adoption of these advanced technologies is particularly strong in sectors such as finance, healthcare, and retail, where regulatory compliance and data security are critical. The growth in hybrid and multi-cloud strategies further fuels the demand for comprehensive cloud discovery solutions. Additionally, the rise of remote work and digital transformation initiatives is driving organizations to seek more sophisticated tools to manage their cloud environments.
As a result, the cloud discovery market is projected to expand rapidly, with companies increasingly investing in technologies that offer deeper visibility, enhanced security, and greater operational efficiency. This trend is expected to continue, with market growth driven by ongoing innovations in AI-driven cloud management solutions.
Cloud Discovery Market Size
The global cloud discovery market size was valued at USD 1.42 billion in 2023 and is projected to reach USD 4.96 billion by 2031, with a CAGR of 16.90% during the forecast period of 2024 to 2031. 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 Trends
“Adoption of Multi-Cloud Strategies Driving Growth”
One significant trend propelling the growth of the cloud discovery market is the widespread adoption of multi-cloud strategies by organizations. As companies increasingly distribute their workloads across multiple cloud providers, the need for robust cloud discovery tools has intensified. These tools are essential for managing, monitoring, and securing assets across different cloud environments. For instance, major enterprises such as Netflix have adopted multi-cloud approaches to ensure service reliability and redundancy, leading to a growing demand for cloud discovery solutions that can provide visibility and control across diverse cloud platforms. This trend is expected to continue, driving further market expansion.
Report Scope and Cloud Discovery Market Segmentation
|
Attributes |
Cloud Discovery Key Market Insights |
|
Segments Covered |
|
|
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 |
|
Key Market Players |
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. (U.S.), IBM (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.), and Zscaler. Inc. (U.S.) |
|
Market Opportunities |
|
|
Value Added Data Infosets |
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 Definition
Cloud discovery is the process of identifying and managing cloud resources within an organization. It involves mapping out all cloud services and applications in use, including those not officially sanctioned or controlled by IT departments. This process helps organizations understand their cloud landscape, assess security risks, and ensure compliance with regulations. By using cloud discovery tools, businesses can gain visibility into their cloud environment, track usage patterns, and optimize costs. Effective cloud discovery supports better governance, risk management, and strategic decision-making, enabling organizations to control their cloud infrastructure more efficiently.
Cloud Discovery Market Dynamics
Drivers
- Rising Cloud Adoption
The proliferation of smartphones and IoT devices generates massive amounts of data for telecom companies, driving the need for advanced analytics. For instance, Verizon uses analytics to manage data from its extensive network, optimizing performance and customer experiences. As data volume grows, telecom firms must leverage sophisticated analytics to process and extract actionable insights, fueling market demand for advanced analytics solutions.
- Increasing Digital Transformation Initiatives
Increasing digital transformation initiatives are driving the cloud discovery market, as companies seek to streamline operations and seamlessly integrate diverse cloud-based tools and services. For instance, a retail giant transitioning to a cloud-based infrastructure needed robust cloud discovery solutions to efficiently manage and integrate various platforms such as CRM, ERP, and e-commerce systems. This trend emphasizes the growing importance of cloud discovery in enabling smooth digital transformations across industries.
Opportunities
- Security and Compliance Requirements
The demand for cloud discovery tools is bolstered by the need to comply with regulations such as GDPR. Companies must identify and secure cloud resources to avoid non-compliance penalties, creating significant market opportunities. For instance, financial institutions using cloud services require robust discovery tools to ensure all data is compliant with industry standards, driving growth in this sector as they invest in solutions that ensure regulatory adherence.
- Enhanced IT Governance
Enhanced IT governance frameworks demand robust visibility across cloud environments, creating significant opportunities in the cloud discovery market. As organizations prioritize governance, cloud discovery tools become essential for identifying, monitoring, and managing cloud resources. For instance, enterprises adopting stricter IT governance to comply with regulations and ensure data integrity are increasingly investing in cloud discovery solutions, driving market growth by addressing the need for comprehensive oversight in cloud operations.
Restraints/Challenges
- Data Privacy and Security Concerns
Cloud discovery tools manage sensitive information to identify and catalog cloud resources, raising significant privacy and security concerns. Organizations may be wary of adopting these tools due to fears of data breaches or misuse. This reluctance to embrace cloud discovery solutions due to privacy and security risks can hinder market growth, as potential users may seek alternative methods to avoid compromising their sensitive data.
- High Costs of Implementation
Deploying advanced cloud discovery tools requires substantial investment in software, hardware, and training. These high costs can be a significant barrier for smaller organizations or those with limited budgets. As a result, the financial burden of adopting these tools can deter potential customers and limit the overall growth and adoption of cloud discovery solutions in the market.
This 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 market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Cloud Discovery Market Scope
The market is segmented on the basis of component, organization size, and vertical. The growth amongst these segments will help you analyze 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
- Solutions
- Application discovery
- Infrastructure discovery
- Services
- Professional services
- Raining
- Education and consulting
- Support and maintenance
- Managed 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
Cloud Discovery Market Regional Analysis
The market is analyzed and market size insights and trends are provided by component, organization size, and vertical as referenced above.
The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America is expected to dominate the global cloud discovery market, driven by its widespread adoption of advanced cloud-based technologies. The region's leadership is bolstered by the presence of major industry players in the U.S. and Canada, which is anticipated to fuel significant growth throughout the forecast period.
Asia Pacific is expected to show lucrative growth in the cloud discovery market, driven by rapid smart technology innovations and a rising demand for scalable infrastructure improvements across industries. This region's emphasis on enhancing technological capabilities and infrastructure efficiency is propelling the market's expansion, promising significant revenue growth in the near future.
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 such as 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.
Cloud Discovery Market Share
The 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 market.
Cloud Discovery Market Leaders Operating in the 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. (U.S.)
- 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.)
Latest Developments in Cloud Discovery Market
- In March 2021, Lookout Inc, a prominent cybersecurity firm based in San Francisco, California, expanded its capabilities by acquiring CipherCloud. This strategic acquisition aims to enhance Lookout's ability to offer comprehensive security solutions, safeguarding organizations from potential threats spanning from endpoint devices to cloud environments. The integration of CipherCloud's technology is expected to bolster Lookout's overall security framework and protection services
SKU-
Get online access to the report on the World's First Market Intelligence Cloud
- Interactive Data Analysis Dashboard
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
- Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
