The increase in cloud adoption due to benefits such as high-quality web services, data sharing via file feeds, and single sign-on connectivity across the network is driving the market.
Cloud Discovery Market Size – USD 1,036.2 Million in 2020, Market Growth – CAGR of 16.5%, Market Trends -Fast deployment of IT -based applications.
The global cloud discovery market is estimated to reach USD 3,378.3 Million by 2028, according to a new Reports and Data report. Cloud Discovery is an open-source tool that helps enterprise infrastructure, security teams, and operations, identify all cloud-native platform services, such as managed Kubernetes platforms, container registries, and serverless services used in cloud providers.
Cloud Discovery is a great tool for security and auditing practitioners who want to explore all the ‘unknown unknowns’ in environments in a simple way. Cloud Discovery connects to the cloud provider’s native platform APIs to find services and their metadata and only needs read permissions. It also has a network discovery option used to detect cloud-native apps and infrastructure, and it also uses port scanning to sweep IP ranges. It is provided as a simple image of the Docker container that can be run anywhere and works for both automation and interactive use.
The market is expected to grow in the coming years due to the increasing use of cloud computing in various verticals. Moreover, concerns for the security of IT infrastructure are also fueling market growth. However, the lack of adequate infrastructure among SMEs is expected to hinder market growth.
Increasing smart technology innovations and increasing need to enhance the overall scalability of infrastructure across various verticals will drive the market in the Asia Pacific region. The region is expected to grow with a CAGR of 17.0% during the forecast period.
Key participants are Mcafee, Qualys, BMC Software, Puppet, Cisco Systems, Certero, Servicenow, Netskope, Connectwise, and Movere, among others.
To identify key industry trends, click on the link below: https://www.reportsanddata.com/report-detail/cloud-discovery-market
Additional important findings from the report suggest
- The cloud discovery solution will hold a larger market share of 62.3% in 2018. The rapid growth of cloud -based technologies has led to the use of cloud services for regular jobs, among others ’ t other verticals. IT operators manage the pool of IT resources and control the data that is shared externally and internally.
- Telecommunications and IT is expected to grow with a CAGR of 16.7% during the forecast period. Telecom companies have begun to differentiate themselves among technology providers by creating mobile applications for using VoIP calls and storing data on cloud platforms.
- Growth in IT organizations and the development of innovative technologies have led to increased security spending on cloud computing and mobility. This is driving the adoption of secure and robust cloud discovery platforms.
- North America led the market due to the high rate of adoption of advanced technologies in the region which is expected to drive market demand. The presence of leading market players in the region, such as Canada and the US, is also expected to boost market growth. North America has a market share of 32.1% in 2018.
- In June 2019, CipherCloud launched a new email security capability on its CipherCloud Zero Trust CASB+ platform, which combines zero trust prevention with industry -leading data protection technologies.
For the purpose of this report, Reports and Data is broken down into the global Cloud Discovery market based on segment, organizational size, and industry vertical, and region:
Share Outlook (Revenue: USD Billion; 2018-2028)
Outlook Size of Organization (Revenue: USD Billion; 2018-2028)
- Big Business
- Small and Medium Sized Businesses
Vertical Industry Outlook (Revenue: USD Billion; 2018-2028)
- Banking, Financial Services, and Insurance
- Telecommunications and IT
- Government and Public Sector
- Healthcare and Life Sciences
- Merchandise and Consumer Goods
- Working
- Media and Entertainment
- Transportation and Logistics
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Regional Outlook (Revenue: USD Billion; 2018-2028)
- North America
- Europe
- Asia-Pacific
- MEA
- Latin America
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