Cloud Asset Management Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Deployment Model (Public cloud, Private cloud, Hybrid cloud) By Solution Type (Cloud discovery and inventory, Cloud cost management, Cloud security management, Cloud governance and compliance, Cloud optimization) By Industry Vertical (IT, Healthcare, Financial services, Retail, Manufacturing, Media and entertainment, Government, Others) By Region, By Competition 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 4.89 Billion
CAGR (2026-2031)	14.19%
Fastest Growing Segment	Manufacturing
Largest Market	North America
Market Size (2031)	USD 10.84 Billion

Market Overview

The Global Cloud Asset Management Market will grow from USD 4.89 Billion in 2025 to USD 10.84 Billion by 2031 at a 14.19% CAGR. Cloud Asset Management (CAM) comprises the strategic framework and tools utilized by enterprises to discover, monitor, and optimize their cloud-based resources, including infrastructure and software applications, to ensure fiscal accountability and regulatory adherence. The market is primarily propelled by the necessity to navigate intricate multi-cloud ecosystems and the urgent demand to eliminate wasteful expenditure within volatile economic climates. Illustrating this commitment to resource oversight, according to the Cloud Security Alliance, in 2024, 70% of organizations prioritized investment in SaaS security and established dedicated SaaS security teams.

However, widespread adoption is frequently hindered by the persistence of shadow IT, which obscures visibility into the organizational technology stack. This phenomenon creates disparate data silos and security gaps that complicate the implementation of a unified asset management strategy, thereby acting as a substantial barrier to the market’s comprehensive expansion across global enterprises.

Key Market Drivers

The surge in adoption of multi-cloud and hybrid IT architectures acts as a primary catalyst for the Global Cloud Asset Management Market. As enterprises transition from monolithic on-premise setups to distributed environments involving public, private, and edge infrastructures, the ability to maintain a centralized inventory becomes increasingly complex. This fragmentation necessitates management platforms capable of aggregating data across disparate providers to ensure operational continuity and security. According to Nutanix, March 2024, in the 'Enterprise Cloud Index', 90% of IT decision-makers identified a hybrid multicloud model as their ideal operating model, highlighting the inevitability of complex environments that require robust oversight tools.

Simultaneously, the escalating demand for cloud cost optimization and financial governance drives substantial market growth. Organizations are under increasing pressure to align cloud consumption with business value, necessitating granular visibility into resource utilization to implement effective FinOps practices. Without automated asset management, companies risk significant losses through idle instances and over-provisioned resources. According to the FinOps Foundation, February 2024, in the 'State of FinOps' report, 50% of practitioners identified reducing waste or unused resources as their primary operational priority. This urgency is underscored by the financial scale of the inefficiencies; according to Flexera, in 2024, organizations estimated that 32% of their cloud spend was wasted, validating the critical need for asset management solutions to enforce fiscal discipline.

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Key Market Challenges

The persistence of shadow IT constitutes a significant barrier to the expansion of the Global Cloud Asset Management Market by fundamentally undermining the visibility required for effective resource governance. When business units procure software and infrastructure without centralized oversight, they create fractured data silos that asset management tools cannot effectively index or monitor. This lack of transparency negates the primary value proposition of asset management platforms, which relies on a unified, comprehensive view of an organization's inventory to drive cost optimization and compliance. Consequently, enterprises often hesitate to scale these solutions globally, as the platforms struggle to demonstrate accuracy and return on investment when a substantial portion of the technology estate remains obscured from the central ledger.

The scale of this visibility gap is substantial and directly impedes market penetration. According to the Cloud Security Alliance, in 2025, 55% of organizations reported that employees adopt SaaS applications without the involvement of security teams. This high prevalence of unmanaged procurement forces asset management vendors to compete against the velocity of internal adoption, limiting their ability to deliver a holistic governance strategy. As long as unauthorized acquisition bypasses formal tracking mechanisms, the market will face friction in implementing the centralized control necessary for comprehensive asset management.

Key Market Trends

The integration of Generative AI into asset management platforms represents a paradigm shift from static inventory tracking to predictive lifecycle optimization. Advanced algorithms now analyze vast datasets of usage patterns to forecast capacity requirements and automate complex configuration adjustments, thereby reducing the manual overhead previously required for maintaining cloud health. This technological evolution enables organizations to proactively identify inefficiencies and enforce policy compliance before operational disruptions occur, moving beyond reactive governance. According to Dynatrace, March 2024, in the 'State of AI' report, 83% of technology leaders confirmed that AI has become mandatory to keep up with the dynamic nature of cloud environments, validating the essential role of intelligent automation in managing modern digital estates.

Simultaneously, the market is adapting to the unique challenges posed by ephemeral computing resources, necessitating granular tracking mechanisms for serverless functions and containerized environments. Traditional asset management tools often fail to capture the rapid instantiation and termination of these short-lived assets, creating blind spots that impede accurate billing and security monitoring. To address this, modern solutions are evolving to capture real-time telemetry data that accounts for resources existing for mere minutes or seconds. According to Sysdig, February 2024, in the 'Cloud-Native Security and Usage Report', the analysis revealed that 70% of containers live for less than five minutes, highlighting the critical velocity at which asset management systems must now operate to maintain comprehensive visibility.

Segmental Insights

Based on leading market research, the Manufacturing segment is currently identified as the fastest-growing vertical within the Global Cloud Asset Management Market. This rapid expansion is primarily driven by the widespread adoption of Industry 4.0 initiatives and the integration of the Industrial Internet of Things (IIoT) across production facilities. Manufacturers are increasingly prioritizing cloud-based solutions to gain centralized, real-time visibility into distributed assets and to implement predictive maintenance strategies that minimize costly downtime. Additionally, the shift from capital-intensive on-premise infrastructure to flexible cloud models enables industrial enterprises to enhance scalability and operational agility.

Regional Insights

North America leads the Global Cloud Asset Management Market, driven by the extensive adoption of cloud infrastructure among enterprises in the United States and Canada. The region benefits from the presence of major cloud service providers, which fosters a competitive environment for technological integration. Additionally, rigorous regulatory standards regarding data security and privacy compel organizations to employ governance tools for maintaining compliance. Companies actively prioritize cloud asset management to optimize expenditures and secure resources within complex multi-cloud environments. This strategic focus on cost control and operational risk management sustains North America’s position as the primary regional market.

Recent Developments

• In October 2025, Flexera announced significant updates to its Flexera One platform, specifically designed to enhance visibility into technology assets and cloud financial commitments. The new features provided IT leaders with deeper insights into device inventory, including Apple products, and improved tracking of cloud commitment burn rates to better manage agreements with major cloud providers. These updates aimed to help organizations optimize their hybrid IT estates by identifying underutilized resources and ensuring compliance with vendor contracts. The release underscored the company’s commitment to delivering comprehensive technology intelligence that reduces risks and controls spending across on-premises, SaaS, and cloud environments.
• In March 2025, ServiceNow unveiled its Yokohama platform release, which introduced advanced features for IT Operations Management and asset tracking. A key component of this launch was a new solution for managing spend on artificial intelligence services, allowing organizations to monitor and control the rapidly growing costs associated with AI deployments. The release also included Service Observability, a unified interface that aggregates data from multiple monitoring tools to provide real-time visibility into service health and performance. These enhancements were developed to help businesses optimize their technology investments and ensure operational resilience within complex, distributed IT infrastructures.
• In March 2025, CloudBolt Software acquired StormForge, a company specializing in machine learning-powered optimization for Kubernetes environments. This acquisition enabled CloudBolt to integrate advanced automated resource management capabilities directly into its financial operations platform, bridging the gap between engineering and finance teams. The combined solution provided enterprises with a closed-loop system that not only visualized cloud expenditures but also automatically adjusted compute resources to match real-time workload demands. This development directly addressed the challenge of controlling rising cloud costs in containerized environments, helping organizations maximize the efficiency and return on investment of their cloud assets.
• In February 2025, IBM finalized its acquisition of HashiCorp, a provider of infrastructure automation solutions, in a transaction valued at approximately $6.4 billion. This strategic collaboration integrated HashiCorp’s infrastructure and security lifecycle management products into IBM’s hybrid cloud portfolio. The move was designed to address the complexities enterprises face in managing diverse cloud and on-premises environments by providing a comprehensive platform for automated infrastructure provisioning. By combining these capabilities, the company aimed to enable clients to deploy and manage hybrid cloud workloads more effectively, ensuring consistent security and compliance across their entire digital estate.

Key Market Players

• IBM Corporation
• Oracle Corporation
• Amazon Web Services Inc.
• BMC
• Hewlett Packard Enterprise
• Cisco Systems Inc.
• Flexera Software LLC
• Snow Software
• ServiceNow Inc.
• Micfo Inc

By Deployment Model	By Solution Type	By Industry Vertical	By Region
Public cloud Private cloud Hybrid cloud	Cloud discovery and inventory Cloud cost management Cloud security management Cloud governance and compliance Cloud optimization	IT Healthcare Financial services Retail Manufacturing Media and entertainment Government Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Cloud Asset Management Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Cloud Asset Management Market, By Deployment Model:

• Public cloud
• Private cloud
• Hybrid cloud

• Cloud Asset Management Market, By Solution Type:

• Cloud discovery and inventory
• Cloud cost management
• Cloud security management
• Cloud governance and compliance
• Cloud optimization

• Cloud Asset Management Market, By Industry Vertical:

• IT
• Healthcare
• Financial services
• Retail
• Manufacturing
• Media and entertainment
• Government
• Others

• Cloud Asset Management Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE