The global cloud discovery market is expected to grow at a significant CAGR during the forecast period 2024-2031. Cloud discovery is based on the cloud computing system that is widely applicable to access and store programs and data over the internet. The cloud discovery enables cloud vendors API for the lineage of client cloud data instead of direct access over premises infrastructure. Based on the services, the cloud discovery is applicable for managed services and professional services and implemented by enterprises to enhance the business operation and gain a competitive advantage among competitors.

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The cloud discovery market was gaining lucrative growth opportunities owing to the most dominant features including high-quality web services, data sharing via file feeds and sign-on connection over the network. These features are raising 7wg the adoption of cloud computing technology and promoting the market growth of the cloud discovery market among various industrial verticals. Additionally, the growing implementation of the multi-cloud environment to regulate the enterprise cloud services that include Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS) and Infrastructure-as-a-Service (IaaS). This will result to strengthen the global cloud discovery market and is expected to drive its market share during the forecast period. 

The rising demand for security management in IT infrastructure propel the implementation of cloud-based services and is expected to fuel the market growth of the global cloud discovery market. Whereas, the increasing adoption of cloud discovery services and solutions among small and medium enterprises to monitor the operations efficiently with high-performance quality and security. This will further be expected to impact the market growth and exhibit robust opportunities for the global cloud discovery market. 

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Market Coverage

• Segment Covered- 

o             By Component

o             By Organization Size

o             By Vertical

• Competitive Landscape- BMC Software, Puppet, Zscaler, Netskope, Servicenow.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Cloud Discovery Market by Segment

By Component

·        Solutions

·        Services

By Organization Size

·        Large Enterprises

·        Small and Medium-Sized Enterprises

By Vertical

·        Banking, Financial Services, and Insurance

·        Healthcare and Life Sciences

·        Telecommunications and IT

·        Retail and Consumer Goods

·        Others

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