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(I-SoftwareNews.Com, July 19, 2018 ) The cloud discovery market is expected to grow from USD 730.8 Million in 2018 to USD 1,564.1 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 16.4% during the forecast period. The demand for cloud discovery solution and services is expected to be driven by several factors, such as applications running in the dynamic Information Technology (IT) environment, growing adoption of multi-cloud environment, and increasing need to efficiently manage the security of IT infrastructure.
The application discovery solution is estimated to account for the largest market size in 2018. It helps IT administrators to identify any unwanted/unverified cloud application running or residing in an enterprise network. With this solution, IT administrators can get information about the number of users accessing an application, calculate the volume of data traffic, and integrate these applications easily to enable SSO and user management. The enterprises adopting cloud discovery are increasingly inclined toward deploying application discovery solutions to run their critical business functions.
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North America dominates the cloud discovery market as it is the most advanced region with respect to the usage of cloud application and IT infrastructure. Due to the presence of a large number of vendors offering cloud discovery solutions and services in this region, it is expected to hold the largest market share during the forecast period. Moreover, enterprises in this region have invested heavily in the cloud computing technologies to gain a competitive edge over its competitors and improve its overall business operations. On the other hand, the APAC region is in its initial growth phase; however, it is expected to be the fastest growing region in the global cloud discovery market. The increasing adoption of cloud discovery in this region can be attributed to the wide-spread presence of Small and Medium-sized Enterprises (SMEs) that are implementing low cost cloud-based technologies to achieve in-depth visibility and control over their cloud applications and IT infrastructure.
Major vendors providing cloud discovery solutions and services are AlienVault (US), ASG Technologies (US), BMC Software (US), Certero (UK), CipherCloud (US), Cisco Systems (US), Connectwise (US), iQuate (Ireland), Kmicro (US), ManageEngine (US), McAfee (US), Movere (US), Nephos Technologies (UK), NetSkope (US), Nuvalo (US), Perpetuuiti (Singapore), Puppet (US), Qualys (US), ScienceLogic (US), ServiceNow (US), vArmour (US), Virima Technologies (US), WhiteHat Security (US), Ziften (US), and Zscaler (US).
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Source: EmailWire.Com 
Source: EmailWire.com
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