Cloud Discovery Market Size, Share and Trends 2025 to 2034

Cloud Discovery Market Size and Forecast 2025 to 2034

The global cloud discovery market size was estimated at USD 1.22 billion in 2024 and is predicted to increase from USD 1.42 billion in 2025 to approximately USD 5.58 billion by 2034, expanding at a CAGR of 16.42% from 2025 to 2034. The rising demand for technology that can mitigate the risk of cybersecurity and data breaches in organizations drives the growth of the market.

Cloud Discovery Market Key Takeaways

• North America dominated the global cloud discovery market with the largest share of 31% in 2024.
• Asia Pacific is expected to grow at a double-digit CAGR of 18.63% during the predicted period.
• By component, the solution segment has held the biggest market share of 54% in 2024.
• By component, the service segment is expected at a notable CAGR during the forecast period.
• By enterprise size, the large enterprise segment contributed the biggest market share of 61% in 2024.
• By enterprise size, the SME segment is expanding at a solid CAGR of 17.32% during the forecast period.
• By end use, the IT and telecommunication segment has held a major market share of 21% in 2024.
• By end use, the retail and e-commerce segments expect substantial growth during the predicted period.

How Can Artificial Intelligence (AI) Impact the Cloud Discovery Market?

The advancements of artificial intelligence and machine learning technologies in the cloud discovery market provide personalized cloud experiences, self-automation, and improved data security. AI integration in the cloud revolutionizes business operations with improved accessibility and scalability. The leading cloud service providers like Amazon and Google are preferably investing in AI and Machine Learning technologies.

• In November 2024, BigID, a leading player in privacy, data security, compliance, and AI data Management, launched the Data Security Posture Management (DSPM) Starter App, developed natively in Snowflake and using Snowflake Native App Framework.

U.S. Cloud Discovery Market Size and Growth 2025 to 2034

The U.S. cloud discovery market size was exhibited at USD 250 million in 2024 and is projected to be worth around USD 1.17 billion by 2034, growing at a CAGR of 16.68% from 2025 to 2034.

North America dominated the global cloud discovery market in 2024. The growth of the market is attributed to the region owing to the rising inclination towards technological development in the industries, and regional countries like the United States and Canada are among the early adopters of technology that further boosts the development of technologies like cloud infrastructure. The evaluation of the 5G infrastructure and the development of artificial intelligence and other digitization drive the demand for effective infrastructure that can manage all the complex procedures related to the technologies.

• Amazon Web Services (AWS) accounted for a 31% share of the cloud infrastructure services market in 2023. Microsoft Azure held 24% of the share, and Google Cloud held about 24% of the total share in the cloud infrastructure service market.

Asia Pacific is expecting substantial growth in the cloud discovery market during the predicted period. The growth of the market is attributed to the rising economic development in regional countries like India, China, Japan, and South Korea and the evaluation of the IT and telecommunication industry due to the rising demand and population, which causes the increased number of network data that drives the demand for the cloud technology for the data protection and the effective technology to manage the complex cloud infrastructure. Additionally, the government supports the digitization of the industries.

• As per the report by Oliver Wyman and NASSCOM, cloud technology will hold 8% of India’s GDP by 2026, with the potential to increase the country's GDP by USD 310-380 billion by 2026, generating 14 million employments.
• In the Asia Pacific, China dominates the spending on cloud services.  However, the Indian public cloud service market is expected to reach USD 24.2 billion by 2028.

Market Overview

Cloud discovery is an efficient centralized platform that effectively handles the multi-cloud and hybrid cloud environment in a unified view. The cloud discovery monitors multiple accounts, detects added services, reports on unprotected services, and others. It helps to find all the cloud-related services used in Azure, AWS, and Google Cloud. The increasing adaptation of cloud-based services by the industries is driving the cloud discovery market. 

Cloud Discovery Market Growth Factors

• Rise in industrialization: The rising industrialization across economically developing countries and the expenditure on technological integration and automation drive the demand for cloud infrastructure for the management of data, applications, and other resources through the Internet, which drives the growth of the market. 
• Evaluation of modern technologies: The evaluation and adoption of modern technologies in enterprises are driving the demand for cloud discovery to handle and manage the complex technological infrastructure that accelerates the growth of the market. 
• Government support: The government's increasing support for the digitization and automation of industries and efficient measures over data security drive the growth of the cloud discovery market.

Market Scope

Market Dynamics

Drivers

Increasing demand for cloud infrastructure

There is a rising inclination towards cloud infrastructure over traditional on-premises infrastructure for data handling, storage, security, and various other applications. The adaptation of multi-cloud and hybrid-cloud infrastructure by the industries drives for increasing flexibility, cost optimization, and vendor lock-in, which accelerate the growth of the cloud discovery market. Industries have adopted different cloud environments, which need a unified view for addressing challenges in different environments, which accelerates the demand for cloud discovery platforms.

Restraint

Security issues

There are some limitations, such as data security and privacy, performance issues, lack of expertise and knowledge of handling and managing the cloud environment, and handling of multi-cloud environments, which are collectively limiting the growth of the cloud discovery market.

Opportunity

Increasing cloud-native development

There are increasing cases of cloud-native development in which the technology or application is designed and developed for the cloud environment. Containers, microservices, and dynamic orchestration are some of the modern approaches to cloud-native technologies. Several leading organizations are focusing on adopting the cloud-native approach for developing flexible, scalable, and resilient applications that help them to enhance load capacities, frequent adoption of changes, and rapid failure recovery.   

Component Insights

The solution segment held the largest cloud discovery market share in 2024. The rising awareness about data security and digitization in the industries is driving the demand for cloud infrastructural development. The increasing adoption of the different types of cloud-based solutions by enterprises to increase their efficiency and operational benefits drives the expansion of cloud discovery. The cloud-based solution further provides benefits to different applications, including data storage, computer networks, on-demand service, and other applications. The cloud infrastructure helps identify and monitor data security at the business inventory level.

The service segment expects notable growth during the forecast period. The increasing dependency on cloud infrastructure for increasing agility, scalability, and operational efficiency in the organization drives the demand for the cloud discovery platform. The cloud services infrastructure further provides several benefits, including data security, automatic software updates, application discovery services, competitive edge, disaster recovery, rapid deployment of applications, and cost-effectiveness.

Enterprise Size Insights

The large enterprise segment led the global cloud discovery market in 2024. The increasing infrastructural development across the world and the increasing demand for efficient cloud technology that can manage all the multiple cloud providers in a unified view are driving the adoption of the cloud discovery platform by large enterprises. Large enterprises further include different cloud deployments for enhanced flexibility, scalability, and ease of operations. Cloud discovery increased scalability by providing real-time updates to reduce or increase resources. Cloud services offer robust data protection security. It helps manage disaster recovery, cost-effectiveness, sustainability, and others, which enhance productivity and efficiency in operations in large enterprises.

The SME segment expects substantial growth in the predicted period. Cloud infrastructure is one of the important parts of small and medium enterprises. The adaptation of flexible and scalable cloud solutions that provide enhanced productivity with the reduced cost of operations. The increasing demand for customized cloud solutions to enhance efficiency and security for small and medium enterprises contributes to the rising demand for cloud discovery services.

End Use Insights

The IT and telecommunication segment dominated the market in 2024. The rising advancements in the IT and telecommunication industry and continuous integration of smart networks, digitization, and evaluation in communication networks like 5G network communication drive the demand for the cloud discovery market. Cloud infrastructure is one of the important parts of the modern IT and telecommunication sector; it efficiently helps manage and deliver the telecommunication sector. The cloud infrastructure majorly helps in deploying one of the advanced and modern technologies, including the Internet of Things (IoT), 5G, and AI, into the IT and telecommunication industry. The 5G technology or network comes with a complex infrastructure, which causes the demand for efficient cloud infrastructure for managing the 5G infrastructure, which accelerates the adoption of the cloud discovery platform and boosts the growth of the market.

The retail and e-commerce segments expect substantial growth during the predicted period. The rising population and the increasing disposable income in the population drive the growth of the retail and e-commerce industry. The integration of cloud technology offers several benefits to the retail and e-commerce industry, such as scalability, customer experience, enhanced security, data reliability, future-proofing, and cost savings. Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform (GCP), and IBM Cloud are some of the leading cloud platforms used by a number of retail and e-commerce industries.

• In September 2024, Vantage Discovery launched the inaugural app on Salesforce Commerce Cloud at Dreamforce 2024. The platform helps consumers upgrade from keyword-based search to advanced semantic search for an easy understanding of customers' intent to enhance conversion rates and average order values (AOVs).

Cloud Discovery Market Companies

• Amazon Web Services, Inc.
• IBM
• Alibaba Group
• Google Cloud
• Red Hat, Inc.
• Wipro
• Microsoft Corporation
• Perforce Software, Inc.
• BMC Software, Inc.
• Netskope, Inc.
• Certero
• Virima Inc.

Latest Announcement by Industry Leaders

• In August 2024, Amazon Web Services, Inc Amazon.com, Inc. company, announced the introduction of AWS Parallel Computing Service, the latest managed service designed to help customers set up and manage high-performance computing (HPC) clusters for efficiently running scientific and engineering workloads virtually on AWS. 

Recent Developments

• In October 2024, FireMon, a leading security policy management company, launched FireMon Asset Manager 5.1, which integrated ServiceNow to improve real-time cloud performance and discovery. 
• In October 2024, Upwind launched the Automatic Discovery of API to enhance the API capabilities and enhance the automatic discovery and classification of sensitive data flows. 
• In September 2024, Eppendorf launched BioNsight Cloud, the latest cloud-based software solution for bioprocess analysis and monitoring. The platform is fully integrated into the Eppendorf Bioprocess control software DASware® control 6.

Segments Covered in the Report

By Component

• Solution
• Services

By Enterprise Size

• Large Enterprises
• SMEs

By End Use

• IT & Telecommunication
• BFSI
• Healthcare and Life Sciences
• Retail and E-commerce
• Manufacturing
• Government and Public Sector
• Transportation and Logistics
• Others

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa