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The Cloud Discovery Market size is expected to grow from US$ 730.8 Million in 2018 to US$ 1,564.1 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 16.4% during the forecast period. Cloud Discovery Market report spread across 127 Pages, Profiling 25 Companies and Supported with 65 Tables and 30 Figures is now available in this research report.
“Infrastructure discovery solution is expected to grow at the fastest rate during the forecast period”
The infrastructure discovery solution in the cloud discovery market is expected to grow at the fastest rate during the forecast period, owing to the growing trend of Bring Your Own Device (BYOD). Infrastructure discovery allows IT administrators to discover physical and virtual IT resources, such as laptops, desktops, servers, and storage. It provides a comprehensive view of all the IT infrastructures that are being used within an organization’s environment, enabling the IT administrator to keep a strict control over the user’s data traffic.
“Banking, Financial Services, and Insurance (BFSI) vertical is expected to hold the largest market size during the forecast period”
Companies in the BFSI vertical are expanding their offerings to maintain a competitive edge, save costs, and improve the customer experience with value-added services. The increasing use of mobile technology is expected to have enhanced the adoption of cloud discovery solutions and services by financial organizations. The financial sector uses the cloud discovery solutions to control and secure mission-critical data of customers and protect the data from the internal and external risks of theft. In addition, the financial organizations need to enhance their business opportunities and make use of external networks that are unsecured.
“North America is expected to hold the largest market size, while Asia Pacific (APAC) is projected to grow at the fastest rate during the forecast period”
North America is expected to hold the largest market size and dominate the global cloud discovery market from 2018 to 2023, owing to the early adoption of new and emerging technologies, and the presence of a large number of players in the region. APAC offers growth opportunities for the cloud discovery vendors, owing to the wide presence of Small and Medium-sized Enterprises (SMEs) that are extensively adopting the low-cost cloud discovery solutions to safeguard mission-critical data.
Breakdown of primary participants’ profile:
- By company: Tier 1–43%, Tier 2–35%, and Tier 3–22%
- By designation: C-level–60%, D-level–25%, and Others–15%
- By region: North America–44%, Europe–25%, APAC–21%, and RoW–10%
- To profile the key players of the cloud discovery market and comprehensively analyze their market size and core competencies in the market
- To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the total market
- To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the cloud discovery industry
- To forecast the market size of the market segments with respect to 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
- To track and analyze competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations in the global market
Most Popular Companies in the Cloud Discovery Market include are BMC Software (US), Service Now (US), Puppet (US), CipherCloud (US), Zscaler (US), Cisco Systems (US), McAfee (US), Qualys (US), ASG Technologies (US), NetSkope (US).
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Target Audience for Cloud Discovery Market: Infrastructure discovery vendors, Application discovery vendors, Cloud Service Providers (CSPs), Managed Security Service Providers (MSSPs), Cyber security vendors, Defense organizations, Government agencies, Independent Software Vendors (ISVs), Consulting firms, System integrators, Value-added Resellers (VARs), Information Technology (IT) security agencies.
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