Cloud Discovery connects cloud with cloud providers and further enables the discovery of unmanaged cloud applications, which are used by employees of an organization. It helps in controlling and eliminating unauthorized access to corporate data and addressing other security risks related to cloud-based technology.

Adroit Market Research study on the global market for cloud discovery offers a holistic view of the industry from 2020 to 2028 as a forecast period, including factors such as market drivers, limitations, opportunities, threats, and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives, and overall sales. Prominent players in the global composite resin market have been analyzed in depth.

The growing adoption of the multi-cloud environment as it offers flexibility to enterprises and allows them to manage different cloud services, including Platform-as-a-Service (PaaS), Infrastructure-as-a-Service (IaaS), and Software-as-a-Service (SaaS), The growing demand for different applications is fostering the multi-cloud adoption among end-users. The Multi-cloud is a complex solution, as multiple clouds from numerous providers are utilized for different tasks. The increasing multi-cloud popularity has impelled IT administration to focus on tracking SaaS applications used by their organization’s employees across different clouds.

The solution segment is anticipated to hold a major share in the terms of components for the cloud discovery market. The solution helps in easy adoption and offers flexibility in solutions deployment and which, in turn, is escalating its demand across different industries. The industry players overeating across the markets are further aligning their funds in developing and offering improved solutions to meet the diverse customer demands.

Asia Pacific region including China, India, and Japan is anticipated to witness a substantial growth rate over the forecast period. Ongoing digitalization, rapid economic developments, and the escalated cloud-based technologies deployment is stimulating the industry upsurge. From 2016 to 2021, the region has consistently witnessed growth in technology development, which has contributed to the region holding a significant growth rate. The rising adoption of emerging technologies across numerous organizations operating across different industries, to attain efficiencies and streamlining their processes is expected to proliferate the growth in the coming years.

The key players of the global cloud discovery market report include- Mcafee, Qualys, Puppet, Certero, Cisco, BMC Software, Servicenow, Netskope, Connectwise, and Movere.

Key Segments of the Global Cloud Discovery Market

Component Overview, 2018-2028 (USD Million)

• Software
• Services

Organization Size Overview, 2018-2028 (USD Million)

• Large Enterprises
• SMEs

Vertical Overview 2018-2028 (USD Million)

• BFSI
• Retail
• Media & Entertainment
• Healthcare
• Telecom & IT
• Others

Regional Overview, 2018-2028 (USD Million)

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Middle East and Africa

• UAE
• South Africa
• Rest of Middle East and Africa

South America

• Brazil
• Rest of South America