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Cloud discovery helps organizations identify cloud activities such as cloud database, cloud spanning, containers, and other cloud related services running at the same time. The solution offers a single consolidated view of all cloud platform and cloud services within an organization. The solution helps reducing manual interaction by using auto discovery tools. It also offers accurate information about all systems and application associated with IT infrastructure and helps in securing the data of end users.
Growing demand for cloud services and securing IT infrastructure are the major factors that support the market. In addition, the rise in demand of multi-cloud and big data technology and adoption of IT based application is likely to drive the market growth in coming years.
Key Market Driver -
• Increasing demand for strategic cloud planning and migration to cloud to fuel the market growth. • Various services offered by cloud discovery such as cost efficient, high quality delivery and others are expected to drive the growth of the market
Key Market Restraint -
• High cost of cloud services and solutions to hinder the market growth. • Strict government regulations associated with IT infrastructure and data privacy
Major players operating in the cloud discovery market are AlienVault, ASG Technologies, Zscaler, Ziften, WhiteHat Security, BMC Software Inc, Certero, Virima Technologies, vArmour, Cipher Clouds, Cisco Systems Inc, ServiceNow, Qualys, Puppet, Connectwise, iQuate, ScienceLogic, Perpetuuiiti, Kmicro, ManageEngine, Nuvalo, NetSkope, McAfee LLC, Movere and Nephos Technologies.
Companies in cloud discovery market are observed to focus on the organic growth strategies such as new product launches and other related events such as promotion and marketing of the product. Business strategies majorly embraced by the market players are partnerships, collaboration and acquisition. As the demand for cloud based solutions are rising, it is expected to boost the growth of cloud discovery market. For instance, in February 2019, BMC announced BMC Helix on IBM clouds. Helix enables enterprises to run BMC Helix on their choice of clouds including Azure, AWS, BMC cloud and IBM cloud.
North America is projected to emerge as the dominant region during the forecast period as the demand for cloud based technology has increased rapidly in the region. Countries like U.S. and Canada are having highest presence of vendors providing cloud based solution to end users that is expected to support the market growth across the region.
Asia Pacific is anticipated to grow with highest growth rate as the region is witnessing high demand in smart technology innovations and low cost cloud based solutions from small and medium enterprises. Enterprises use these technologies to achieve great control over their cloud applications and IT infrastructure these benefits/advantages are likely to surge the adoption of cloud discovery solutions across the region.
Further, Europe, Middle East and Africa are having significant growth as the adoption of multi cloud solutions are increasing in small and medium sized enterprises that is more likely to drive the growth of the market in the region.
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