Cloud Discovery Tools Market - Forecast(2025 - 2031)
Cloud Discovery Tools Market Overview:
Cloud Discovery Tools Market Size is valued at $4.1 Billion by 2030, and is anticipated to grow at a CAGR of 16.4% during the forecast period 2024 -2030. Growing adoption of multi-cloud environments and increasing need for compliance and security are expected to propel the growth of Cloud Discovery Tools Market. Additionally, one prominent trend in the Cloud Discovery Tools market is the integration of artificial intelligence (AI) and machine learning (ML) technologies. AI and ML algorithms are being incorporated into Cloud Discovery Tools solutions to enhance automation, intelligence, and predictive capabilities. These technologies enable more accurate identification of cloud assets, real-time monitoring of cloud environments, and proactive threat detection.
By analyzing large datasets and patterns, AI-powered Cloud Discovery Tools tools can provide actionable insights, streamline workflows, and improve the efficiency of cloud management processes. Another significant trend shaping the Cloud Discovery Tools market is the increasing focus on hybrid and multi-cloud optimization. As organizations adopt hybrid and multi-cloud strategies to leverage the strengths of different cloud platforms, optimizing resource allocation, performance, and costs across these environments becomes essential. Cloud Discovery Tools solutions are evolving to provide comprehensive visibility and control over hybrid and multi-cloud architectures, enabling organizations to identify redundant resources, optimize workloads, and maximize cost-efficiency.
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Market Snapshot:
Cloud Discovery Tools Market - Report Coverage:
The “Cloud Discovery Tools Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Cloud Discovery Tools Market.
Attribute | Segment |
By Organization Size |
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By Component |
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By Industry Vertical |
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By Application |
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By Geography |
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COVID-19 / Ukraine Crisis - Impact Analysis:
• The COVID-19 pandemic significantly accelerated the growth of the Cloud Discovery Tools market as organizations rapidly adopted cloud technologies to support remote workforces and ensure business continuity. The sudden shift to remote work led to a surge in the use of cloud applications, many of which were outside traditional IT oversight, resulting in increased instances of shadow IT. This created a pressing need for Cloud Discovery Tools tools to help organizations gain visibility into their multi-cloud environments, manage unauthorized usage, and ensure compliance with security protocols. Furthermore, the pandemic underscored the importance of digital transformation, with businesses investing heavily in cloud-first strategies to remain agile and resilient during disruptions. As a result, the demand for Cloud Discovery Tools solutions surged, enabling companies to monitor, manage, and optimize their cloud ecosystems effectively.
• The Russia-Ukraine war has influenced the growth of the Cloud Discovery Tools market by highlighting the critical need for enhanced cybersecurity and operational resilience in an increasingly uncertain global environment. The conflict led to a rise in cyberattacks, targeting businesses and government systems, which drove organizations to prioritize visibility and security in their cloud environments. As companies migrated more operations to the cloud to safeguard data and ensure business continuity, the demand for Cloud Discovery Tools tools surged. These tools became essential for identifying shadow IT, securing multi-cloud ecosystems, and maintaining compliance amid heightened geopolitical risks. Additionally, the war emphasized the importance of reducing reliance on localized infrastructure, further accelerating cloud adoption and increasing the necessity of robust cloud management solutions. This geopolitical tension has reinforced the value of Cloud Discovery Tools in enabling organizations to navigate complex, dynamic IT landscapes securely.
Key Takeaways:
• Growing Demand for Services
On the basis of component, Services held the highest segmental market share of 55% in 2023. As organizations increasingly migrate their operations to the cloud, they face complex challenges related to visibility, security, and compliance. Cloud Discovery Tools services address these challenges by providing comprehensive solutions for discovering, mapping, and managing cloud resources across multiple environments. In February 2023, Cisco introduces new cloud services in IoT Operations Dashboard to increase industrial asset visibility, securely manage assets from anywhere and provide Industrial Internet of Things (IoT) customers with a seamless path to cloud automation for Operational Technology (OT) teams. The dominance of services in this market is the expertise and specialized knowledge required to effectively manage cloud infrastructures. The services help organizations understand their cloud footprint, identify unauthorized usage, and ensure that all cloud resources comply with regulatory requirements. As businesses utilize multiple cloud platforms (e.g., AWS, Microsoft Azure, Google Cloud), managing these diverse environments becomes increasingly complex. Service providers facilitate seamless integration and management across different cloud services, offering a unified view and control over the entire cloud ecosystem. The continuous evolution of cloud technologies and the associated security threats necessitate ongoing support and updates, which are effectively managed through service engagements
• Large Enterprises Dominated the Cloud Discovery Tools Market
On the basis of Organization size, Large Enterprises held the highest segmental market share of more than 66% in 2023 due to its substantial adoption of multi-cloud and hybrid cloud environments, driven by the need to manage complex IT infrastructures. Large enterprises typically operate across multiple geographies and require comprehensive visibility into their cloud ecosystems to optimize costs, ensure compliance, and mitigate security risks. The increasing use of Software as a Service (SaaS) applications and the prevalence of shadow IT further amplified the demand for Cloud Discovery Tools solutions in this segment. Additionally, large organizations face stringent regulatory requirements and cybersecurity challenges, making robust cloud management tools essential for maintaining operational efficiency and data integrity. With significant budgets allocated to IT modernization, these enterprises continue to be the primary drivers of the Cloud Discovery Tools market’s growth.
• Telecommunications & IT Leads the Cloud Discovery Tools Market
On the basis of Industry Vertical, Telecommunications & IT is estimated to grow with a CAGR of 8.2% during the forecast period. The telecommunications industry is undergoing a significant transformation with the rollout of 5G technology. The deployment of 5G networks requires robust cloud infrastructure to handle the increased data traffic and provide enhanced services such as low-latency applications, IoT integration, and advanced mobile services. Cloud Discovery Tools tools are essential for telecom operators to manage and optimize their multi-cloud environments, ensuring seamless operations, compliance, and security. ITs companies, which include IT services, business process outsourcing (BPO), and managed services providers, are increasingly adopting cloud-based solutions to improve operational efficiency and reduce costs. These organizations handle vast amounts of sensitive data and require comprehensive Cloud Discovery Tools solutions to ensure data integrity, compliance with regulatory standards, and protection against cyber threats. The need for visibility into cloud resources and the ability to control and secure these assets is paramount, making Cloud Discovery Tools tools indispensable. Additionally, the pandemic has accelerated the digital transformation across both telecommunications and ITs sectors. Remote work, increased reliance on digital communication tools, and the shift towards virtualized environments have amplified the demand for cloud services. As a result, there is a heightened need for effective Cloud Discovery Tools and management solutions to support these transitions.
• Growing Demand for Cloud Discovery Tools Market is Due to Rapid Adoption of Multi-Cloud Strategies
The widespread adoption of multi-cloud environments is a significant driver of the Cloud Discovery Tools market. Organizations increasingly leverage multiple cloud service providers (CSPs) to optimize performance, cost, and availability while avoiding vendor lock-in. However, managing multi-cloud environments poses significant challenges, including visibility gaps, compliance risks, and cost overruns. Cloud Discovery Tools solutions address these challenges by providing real-time insights into cloud resources, identifying underutilized assets, and ensuring proper governance. These tools enable organizations to optimize resource allocation, control expenditures, and mitigate security risks, which are crucial in a competitive digital landscape. The increasing complexity of multi-cloud setups, coupled with growing enterprise reliance on cloud-native technologies, continues to fuel the demand for Cloud Discovery Tools solutions globally. Cloud Discovery Tools solutions offer centralized management capabilities, allowing businesses to streamline operations, optimize resource utilization, and enhance security across their entire cloud footprint. Therefore, the growing adoption of multi-cloud environments drives the demand for Cloud Discovery Tools solutions by addressing the challenges associated with managing diverse cloud infrastructures and enabling organizations to harness the full potential of their multi-cloud strategies.
• Negative Impact on the Cloud Discovery Tools Market Due to Data Privacy and Security Concerns
The use of Cloud Discovery Tools tools often involves accessing sensitive organizational data across different cloud platforms, which raises concerns about data privacy and security. Organizations are hesitant to adopt these solutions due to the risk of exposing critical data to third-party vendors. Additionally, Cloud Discovery Tools tools themselves could become targets of cyberattacks, potentially compromising the data they aim to protect. Ensuring robust encryption, access controls, and compliance with data protection regulations like GDPR or HIPAA is a significant challenge for vendors. Any lapse in data security can lead to reputational damage, regulatory penalties, and loss of trust, hindering the adoption of Cloud Discovery Tools tools.
Key Market Players:
Product launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Cloud Discovery Tools Market. The top 10 companies in this industry are listed below:
1. ServiceNow
2. Amazon Web Services, Inc.
3. Microsoft
4. McAfee, LLC
5. IBM
6. Cisco Systems, Inc.
7. Oracle
8. Google LLC (Alphabet Inc.)
9. Netskope
10. Qualys, Inc.
Scope of the Report:
Report Metric | Details |
Base Year Considered | 2023 |
Forecast Period | 2024-2030 |
CAGR | 16.4% |
Market Size in 2030 | $ 1.17 billion |
Segments Covered | By Organization Size, By Component, By Industry Vertical, and By Region |
Regions Covered | North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa). |
Key Market Players |
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