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Fact.MR, a market research and competitive intelligence provider, reveals that the global cloud discovery market is set to garner US$ 4.5 billion by 2033, growing rapidly at 16.2% CAGR over the next ten years.
Cloud discovery assists enterprises in identifying cloud activities such as cloud databases, cloud spans, containers, and other cloud-related services that are active at the same time. The solution gives a unified picture of all cloud services and cloud platforms within an organization. Using auto-discovery tools, cloud discovery aids in reducing manual interactions. It also gives precise information about all IT infrastructure systems and apps and aids in the protection of end-user data.
Various capabilities, such as data exchange via high-quality web services, file feeds, and single sign-on throughout the network, are increasing the popularity of cloud discovery among industrial sectors. Moreover, the growing uptake of IT-based applications among various information technology and other organizations is boosting the demand for cloud discovery solutions. The growing adoption of cloud computing technology throughout different industries is also increasing the demand for cloud discovery technologies.
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Increasing adoption of big data and multi-cloud technology among numerous cloud-based organizations around the world is driving the expansion of the global cloud discovery market. This is due to cloud discovery features like automated monitoring, which uses advanced multi-cloud and hybrid cloud discovery to track cloud-based workloads via cloud provider APIs and exhibits a single hybrid view of resource interdependencies.
Furthermore, a multi-cloud environment enables managed cloud services such as Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS), and Infrastructure-as-a-Service (IaaS) for the operation of multiple companies, which supports the growth of the global cloud discovery market.
Key Takeaways from Market Study
Key Segments of Cloud Discovery Industry Research
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Regional Analysis
North America is the leading regional market for cloud discovery and is projected to continue dominating during the study period as well due to the region’s significant adoption of innovative cloud-based technologies across industries. The United States is dominating the North American market. The presence of major players in the United States is aiding regional market growth.
Competitive Landscape
It has been observed that major players in the cloud discovery market give priority to organic development strategies like new product launches and other related events like product promotion and marketing. These players also heavily favour partnerships, collaborations, and acquisitions as growth strategies. Additionally, a lot of startups are raising money to create fresh improvements.
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Key Companies Profiled
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com