What is Cloud Discovery Market?
Cloud Discovery refers to analyzing unmanaged cloud applications used by associates of the organization. This helps to control unauthorized access to corporate data and other security risk associated with cloud-based technology. Application discovery solution is dominating the cloud discovery market. Further, increasing implementation of the multi-cloud environment which facilitates 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 enterprise cloud services supplementing the growth of cloud discovery market.
The market study is being classified by Type (Solutions and Services) and major geographies with country level break-up. According to AMA, the Global Cloud Discovery market is expected to see growth rate of 15.99%
Alien Vault (United States), ASG Technologies (United States), BMC Software (United States), Certero (United States), Cipher Cloud (United States), Cisco Systems (United States), Connect Wise (United States), Kmicro (United States), Manage Engine (United States), McAfee (United States), Movere (United States), Nephos Technologies (United Kingdom), NetSkope (United States), Nuvalo (United States), Perpetuuiti (Singapore), Puppet (United States), Qualys (United States), ScienceLogic (United States), VArmour (United States), Virima Technologies (United States) and WhiteHat Security (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Ziften (United States), Zscaler (United States) and IQuate (Ireland).
Cloud discovery market is fragmented owing to the number of players present in the market. Companies are focusing on developing managed cloud discovery solutions for the various end users to enhance service and security for the organizations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Cloud Discovery market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cloud Discovery market by Type, Application and Region. On the basis of Type, Application Discovery are dominating the market in the year 2020
On the basis of geography, the market of Cloud Discovery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing IT Infrastructure Supplementing Growth of Cloud Discovery Services
- Stringent Government Regulation regarding Data Security
Market Trend
- Increasing Adoption of Multi-Cloud Environment by Enterprises
Restraints
- High Cost associated with Cloud Discovery Services
- Lack of Skilled Workforce to Adapt Innovative Technologies
Opportunities
- Rising Adoption in Small Medium Enterprises (SMEs)
- Increasing Need for Security of IT Infrastructure
Challenges
- Security Concerns Regarding Cloud Discovery Services
- Producing Cost-Effective Cloud Discovery Solutions
In April 2018, Cipher Cloud introduced Cloud Access Security Broker (CASB) platform, which facilitates enterprises to accelerate cloud operation and ensure their sensitive records is always protected.
Key Target Audience
Application discovery vendors, Infrastructure discovery vendors, Cloud Service Providers (CSPs), Cybersecurity vendors, Defense organizations, Government agencies, Independent Software Vendors (ISVs), Consulting firms, System integrators, Value-added Resellers (VARs), Information Technology (IT) security agencies and Managed Security Service Providers (MSSPs)