Cloud Discovery

Cloud Discovery

Global Cloud Discovery Market to Reach US$3.1 Billion by 2030

The global market for Cloud Discovery estimated at US$1.1 Billion in the year 2023, is expected to reach US$3.1 Billion by 2030, growing at a CAGR of 16.2% over the analysis period 2023-2030. Solutions Component, one of the segments analyzed in the report, is expected to record a 14.6% CAGR and reach US$1.8 Billion by the end of the analysis period. Growth in the Services Component segment is estimated at 18.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$286.2 Million While China is Forecast to Grow at 15.1% CAGR

The Cloud Discovery market in the U.S. is estimated at US$286.2 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$461.8 Million by the year 2030 trailing a CAGR of 15.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 14.5% and 13.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.6% CAGR.

Global Cloud Discovery Market - Key Trends and Drivers Summarized

Why Is Cloud Discovery Essential for Modern Enterprises?

Cloud discovery has emerged as a crucial practice for modern enterprises as they increasingly shift their data, applications, and services to cloud environments. With the growing adoption of multi-cloud and hybrid cloud infrastructures, businesses face significant challenges in maintaining visibility and control over their sprawling cloud ecosystems. Cloud discovery addresses these challenges by automating the identification, mapping, and monitoring of all cloud assets, including workloads, storage systems, databases, and third-party applications. This level of visibility is essential for ensuring the security and efficiency of cloud operations, as well as maintaining compliance with regulatory frameworks such as GDPR, HIPAA, and PCI-DSS. The lack of visibility in cloud environments often leads to security vulnerabilities, inefficiencies, and the emergence of shadow IT—unapproved cloud services deployed without IT oversight, which can create significant risks for organizations. By providing real-time insights into cloud resources, cloud discovery tools allow businesses to detect and manage unmonitored assets, optimize resource allocation, and ensure that all cloud-based services are properly configured and secured. This capability is particularly vital for industries that handle sensitive data or are subject to strict regulatory requirements, such as finance, healthcare, and government, making cloud discovery an indispensable tool for enterprises aiming to mitigate risks and enhance operational efficiency.

How Are Technological Advancements Enhancing Cloud Discovery Solutions?

Technological advancements are significantly shaping the future of cloud discovery solutions, enabling organizations to gain deeper insights into their cloud environments while improving security, compliance, and operational efficiency. One of the most impactful innovations is the integration of artificial intelligence (AI) and machine learning (ML) within cloud discovery tools. These technologies enhance the ability to detect anomalies, predict risks, and identify hidden or non-compliant cloud resources. AI-driven systems continuously monitor cloud environments, learning from user behavior and resource usage to detect suspicious patterns or inefficient configurations. This helps businesses quickly address potential threats or performance bottlenecks before they escalate into major issues. Another significant advancement is the automation of cloud discovery processes, which minimizes manual intervention and reduces the likelihood of human error. Automation allows organizations to set up workflows that automatically identify new cloud assets, apply security policies, and ensure that resources are aligned with compliance requirements. Moreover, the development of advanced APIs (Application Programming Interfaces) has enabled cloud discovery tools to integrate seamlessly with major cloud service providers such as AWS, Microsoft Azure, and Google Cloud, giving businesses real-time visibility across multiple platforms. Security features, such as automated threat detection, real-time risk assessments, and enhanced encryption protocols, are also being improved to meet the evolving cybersecurity landscape. These technological innovations are not only making cloud discovery more efficient but also empowering organizations to manage their cloud infrastructure with greater precision and security.

Where Is Cloud Discovery Making the Greatest Impact?

Cloud discovery is having a transformative impact across a range of industries, particularly those that rely on large-scale cloud infrastructures and face strict regulatory requirements. In the financial services sector, for example, cloud discovery tools are critical for maintaining compliance with regulations such as GDPR and PCI-DSS, which mandate strict controls over customer data and financial transactions. Financial institutions use cloud discovery to ensure that all cloud assets—ranging from transactional data and payment systems to customer profiles—are securely managed and fully compliant with data governance standards. In healthcare, cloud discovery plays a pivotal role in safeguarding patient information and ensuring compliance with HIPAA regulations. Healthcare providers increasingly rely on cloud environments to store electronic health records (EHRs), medical imaging, and other sensitive data, making it essential to have full visibility into cloud resources to protect patient privacy and ensure secure access to critical medical information. Retail and e-commerce businesses also benefit significantly from cloud discovery by monitoring customer data, payment platforms, and inventory systems to prevent data breaches and optimize operational workflows. Additionally, government agencies and defense organizations rely on cloud discovery tools to ensure the security of sensitive information, protect national security assets, and maintain oversight over complex cloud infrastructures. Across these sectors, cloud discovery is helping businesses maintain operational continuity, enhance data security, and ensure compliance, all while optimizing cloud resource utilization.

What’s Driving the Growth of the Cloud Discovery Market?

The growth in the cloud discovery market is driven by several key factors, with the rapid adoption of cloud technologies and multi-cloud strategies being primary drivers. As businesses increasingly move their operations to the cloud to leverage scalability, flexibility, and cost savings, managing and securing these environments has become more complex. Cloud discovery tools are critical in providing the visibility necessary to manage this complexity, ensuring that organizations have a clear understanding of all cloud assets, regardless of which cloud provider or platform they use. Another significant driver is the growing concern over shadow IT, where departments or individuals within an organization deploy cloud services without the knowledge or approval of the IT department. Shadow IT can introduce security risks, compliance violations, and inefficient resource usage, making cloud discovery essential for identifying and managing unauthorized cloud services. Regulatory compliance is another key factor driving market growth, as industries such as finance, healthcare, and government are under increasing pressure to comply with stringent data privacy and security regulations. Cloud discovery tools help organizations ensure that all cloud resources meet regulatory requirements, enabling them to avoid costly penalties and data breaches. The rise of cybersecurity threats, particularly in cloud environments, is also pushing demand for cloud discovery solutions that can detect vulnerabilities and protect against malicious attacks. Furthermore, advancements in automation and AI are making cloud discovery tools more powerful and easier to deploy, allowing organizations to automatically monitor and secure their cloud environments without the need for extensive manual intervention. These factors are converging to drive the rapid growth of the cloud discovery market, as businesses seek comprehensive solutions to manage the complexity, security, and compliance challenges of modern cloud environments.

Select Competitors (Total 11 Featured) -

• Alien Vault, Inc.
• ASG Technologies Group, Inc.
• BMC Software, Inc.
• Certero
• Ciphercloud, Inc.
• Cisco Systems, Inc.
• ConnectWise, Inc.
• Iquate
• KMicro Tech
• Manageengine
• McAfee LLC
• Movere, Inc.
• Nephos Technologies
• Netskope, Inc.
• Nuvalo, LLC.
• Perpetuuiti
• Puppet, Inc.
• Qualys, Inc.
• ScienceLogic, Inc.
• ServiceNow, Inc.
• vArmour
• Virima Technologies
• WhiteHat Security, Inc.
• Ziften Technologies, Inc.
• Zscaler, Inc.

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