Cloud Discovery Market is expected to grow at a CAGR of 16.85% through 2030F
The
Global Cloud Discovery Market is expected to be led by North America, driven by
advanced cloud adoption, regulatory compliance needs, and the presence of major
technology providers, during the forecast period 2026-2030F
According to TechSci Research report, “Cloud Discovery Market - Global
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F, The
Global Cloud Discovery Market was valued at USD 1.21 Billion in 2024 and is
expected to reach USD 3.08 Billion by 2030 with a CAGR of 16.85% through 2030.
With business
units increasingly subscribing to their own Software-as-a-Service platforms
outside the oversight of central information technology teams, shadow
information technology is emerging as a major concern. Untracked applications
not only create security and financial risks but also complicate asset
management and resource allocation. The Global Cloud Discovery Market is
expanding as enterprises adopt discovery tools to locate and evaluate
unauthorized or underutilized cloud services. These tools provide a detailed
inventory of applications, helping organizations consolidate usage, eliminate
redundancies, and negotiate more favorable vendor contracts.
The
decentralized nature of modern enterprise architecture—where teams operate
independently across geographies—requires platforms that can seamlessly track
usage without disrupting workflows. Cloud discovery solutions enable visibility
across business units and geographies, giving central management the oversight
needed to enforce policies and optimize spending. By identifying inactive or
duplicate services, organizations can avoid unnecessary subscription costs and
reduce their overall digital footprint. This strategic consolidation directly
supports cost optimization initiatives while enhancing security postures. In
2023, Microsoft reported that over 70 percent of enterprise technology
investments were initiated outside centralized information technology
departments. This trend illustrates the growth of decentralized procurement and
highlights the urgency for cloud discovery solutions that can uncover and
manage shadow information technology risks created by siloed or unsanctioned
cloud application usage.
The shift
toward real-time and continuous discovery is redefining expectations within the
Global Cloud Discovery Market. Previously, cloud discovery tools operated on
scheduled scans or periodic assessments, which often resulted in outdated
inventories and missed changes in rapidly evolving environments. Today,
organizations require discovery solutions that provide instant visibility into
asset creation, deletion, and modification, particularly in environments driven
by automation, containerization, and ephemeral computing resources.
Continuous
discovery capabilities enable businesses to maintain an up-to-date cloud asset
register, which is essential for compliance audits, security incident response,
and resource optimization. As cloud usage patterns shift due to remote work,
edge computing, and the adoption of agile methodologies, real-time monitoring
becomes non-negotiable. Organizations now expect discovery tools to integrate
with event-driven architectures and provide API-based access to discovery data,
allowing security, finance, and governance teams to act immediately when
changes are detected. The push for real-time cloud intelligence is set to
define the next generation of discovery platforms.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Cloud Discovery Market"
In
the Global Cloud Discovery Market, the BFSI segment is anticipated to be the
fastest-growing end use segment during the forecast period. This growth is
driven by the sector’s accelerated adoption of cloud technologies to enhance
operational efficiency, improve customer experiences, and ensure compliance
with evolving regulatory frameworks. As financial institutions increasingly
transition to hybrid and multi-cloud environments, the need for robust cloud
discovery solutions becomes critical. These tools help organizations gain
complete visibility over cloud assets, monitor data flows, detect unauthorized
services, and enforce security policies across distributed infrastructures.
The
BFSI sector is also highly sensitive to issues related to data security,
privacy, and regulatory compliance. Cloud discovery platforms play a vital role
in helping financial organizations track data residency, identify configuration
gaps, and ensure alignment with stringent standards such as GDPR, PCI DSS, and
various regional banking regulations. Moreover, the rise in cyber threats and
the need for real-time risk detection have made proactive cloud governance
indispensable. With growing digital banking initiatives, fintech integrations,
and evolving customer expectations, the demand for scalable, intelligent cloud
discovery tools in the BFSI segment is expected to witness exponential growth,
making it a key driver of overall market expansion.
In
2024, the Asia Pacific region rapidly emerged as the fastest-growing market in
the Global Cloud Discovery Market, driven by accelerated digital
transformation, rising cloud adoption, and expanding investments in cloud
infrastructure across countries such as China, India, Japan, and South Korea.
Enterprises in the region are increasingly embracing multi-cloud strategies,
which has led to a heightened demand for cloud discovery solutions that ensure
visibility, security, and compliance. Government initiatives promoting data
sovereignty and digital innovation have further fueled market growth. The
increasing presence of global cloud service providers and local technology
firms has enhanced accessibility to advanced cloud tools. As cloud ecosystems
mature, Asia Pacific is poised to play a pivotal role in shaping the market's
future.
Key
market players in the Cloud Discovery Market are: -
- Amazon.com,
Inc.
- Google
LLC
- McAfee,
LLC
- ServiceNow,
Inc.
- Cisco
Systems, Inc.
- IBM
Corporation
- Microsoft
Corporation
- BMC
Software, Inc.
Download Free Sample Report
Customers can also request
for 10% free customization on this report.
“The
Global Cloud Discovery Market is expected to witness robust growth in the
coming years, driven by the increasing adoption of multi-cloud and hybrid cloud
environments across enterprises. As organizations prioritize visibility,
security, and compliance in complex cloud infrastructures, demand for automated
cloud discovery solutions will rise significantly. Advancements in artificial
intelligence and real-time analytics will further enhance discovery
capabilities, enabling proactive risk management and cost optimization. Growing
concerns over shadow information technology and regulatory mandates will push
organizations to invest in comprehensive cloud visibility tools, ensuring the
market’s steady expansion across sectors and regions throughout the forecast
period.” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based global management consulting firm.
“Cloud Discovery Market
– Global Industry Size, Share, Trends, Opportunity, and Forecast, By Component
(Solution, Services), By Organization Size (Large Enterprise, SMEs), By End Use
(BFSI, IT & Telecom, Government, Retail & Ecommerce, Healthcare,
Education, Others), By Region & Competition, 2020-2030F”, has evaluated the future growth
potential of Cloud Discovery Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Cloud Discovery Market.
Contact
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
M: +13322586602
Email: [email protected]
Website: https://www.techsciresearch.com