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Cloud Discovery Market Research Report – Segmentation By Component: (Solutions, Services); By Enterprise Size: (Large Enterprises, Small and Medium Enterprises (SMEs); By Industry Vertical: (Banking, Financial Services, and Insurance (BFSI), Healthcare and Life Sciences, Information Technology and Telecommunications, Retail and Consumer Goods, Government and Public Sector, Media and Entertainment, Manufacturing, Transportation and Logistics); By Deployment Model: (Public Cloud, Private Cloud, Hybrid Cloud, Multi-Cloud); Region – Forecast (2025 – 2030)

Cloud Discovery Market Size (2025-2030)

The Cloud Discovery Market was valued at USD 1.20 billion in 2024 and is projected to reach a market size of USD 2.98 billion by the end of 2030. Over the forecast period of 2025-2030, the market is projected to grow at a CAGR of 16.4%.

The Cloud Discovery Market can be referred to as the total ecosystem of the latest technological innovations that is geared towards making it easy for businesses to identify, monitor, and manage their cloud data, services, and applications, basically, anything that is cloud-based and can exist in multiple environments. The market shares this vital function of providing enhanced visibility of the cloud infrastructure to the enterprises, helping them detect shadow IT, conserve resources, and also be in line with the rules and regulations. The rise of hybrid and multi-cloud usage has been instrumental a cloud discovery solution that are capable of easy integration with diverse platforms and offers real-time analytics is the demand most especially for such businesses. More and more businesses are using these tools to get insightful data, improve data management, and reduce the risk of security threats that come with unmanaged cloud resources. Besides, the fast digital transformation and increase of remote working models are among the reasons the need for automated cloud visibility and control mechanisms is growing so rapidly. The market's leading figures are putting their efforts into the creation of AI-powered discovery instruments that can deliver not only predictive intelligence but also self-regulated compliance checks. With the increasing complication of cloud ecosystems and the growing emphasis on cost reduction, the cloud discovery market will probably be able to demonstrate significant expansion in the future; thus, it will be an essential layer that enterprises will rely on to achieve transparency, agility, and strategic cloud management in the digital era.

Key Market Insights:

Over 80% of enterprises now employ a multi-cloud strategy, with a significant portion adopting hybrid cloud models that combine public and private cloud infrastructures. This shift necessitates advanced cloud discovery solutions capable of providing comprehensive visibility and management across diverse cloud platforms. McKinsey & Company

A 2023 survey indicated that 63% of organizations now manage AI spending, up from 31% the previous year, highlighting a significant shift towards integrating financial operations with cloud cost management.

Enterprise spending on edge computing is projected to reach approximately $250 billion by 2025, growing at a compound annual growth rate (CAGR) of around 10%. This expansion underscores the need for cloud discovery solutions that can manage and secure distributed edge environments.

The Middle East is poised to capture up to $183 billion in value from public cloud adoption by 2030, representing about 6% of the region's current GDP. This growth is driven by sectors such as oil and gas, where cloud adoption can accelerate product development and scalability.

The proliferation of Shadow IT continues to pose serious security and compliance risks. In 2023, 59% of IT professionals reported struggling to manage SaaS applications, with 65% of all SaaS apps not approved by IT, leading to significant challenges in governance and security.

Cloud Discovery Market Drivers:

The Growing Need for Comprehensive Cloud Visibility and Asset Management is Driving Cloud Discovery Adoption.

The shift of organizations' vital workloads to public, private, or a hybrid manner in cloud environments has led stakeholders to notice a very pressing need for the visibility of cloud assets from end to end. Cloud discovery tools empower businesses to keep up with, oversee, and make the best use of these assets in real-time, thereby giving the IT teams the opportunity to lessen redundancies, have better cost management, and at the same time ensure security compliance. The imperative demand for a single view of the complicated multi-cloud environments has indeed been the main reason behind the massive worldwide increase in the usage of cloud discovery platforms.

Rising Multi-Cloud Strategies and Shadow IT Challenges are Accelerating Market Growth.

To improve their agility, scalability, and innovative capabilities, enterprises have been very fast in spreading their services to different cloud providers. The multiplication of multi-cloud ecosystems, along with the rise of shadow IT, has doubled the operational complexities and compliance risks. The usage of cloud discovery tools has become a priority for organizations in order to locate their unmanaged resources, monitor their workloads, and be in line with regulations. The blending of these two factors, i.e., the purposeful diversification in the cloud and the necessity to counterbalance the unregulated IT consumption, is the major reason behind the expansion of the cloud discovery market.

Cloud Discovery Market Restraints and Challenges:

The cloud discovery market, in spite of its exponential growth, is still bound by a few significant restraints and challenges that may slow down adoption as well as efficiency. The integration of cloud discovery solutions into already existing IT infrastructures is still a complicated process, and quite often these solutions are not compatible with old systems, and the risk of being disrupted is higher. Security of data and privacy are the most important concerns that prevent growth, especially in highly regulated industries such as finance and healthcare, where non-compliance can lead to serious legal and financial consequences. Additionally, the lack of enough skilled professionals in cloud technologies and security creates a hurdle in effective deployment and management, while the high implementation costs might be a reason that small and medium enterprises (SMEs) are reluctant to adopt them. Besides vendors locking customers into their ecosystems, organizations deal with challenges such as complicated regulatory compliance across regions and performance and scalability issues due to the increase in data volumes. Shadow IT – unauthorized applications and services that have been adopted without the knowledge of the IT department – has also become a major problem in the discovery and governance process; therefore, it may lead to security vulnerabilities. Enterprises can overcome these obstacles only if they are willing and able to invest in resources, skills, as well as in the development of sound policies, thus assuring that cloud discovery tools will be the enablers of visibility, security, and operational efficiency in the cloud environments.

Cloud Discovery Market Opportunities:

The Cloud Discovery market is full of potential for growth as more and more organizations are looking for enhanced visibility, security, and efficiency in their complex cloud environments. The use of artificial intelligence and machine learning is facilitating the automation of resource detection, anomaly identification, and predictive analytics, thus making cloud management more intelligent and proactive. Rapid digital transformation in the Asia-Pacific region is creating new markets and demand for local regulatory and operation-compliant solutions. Data security and compliance concerns are leading to the adoption of tools that offer complete cloud asset visibility and monitoring, while industry-specific solutions for sectors such as BFSI and Telecom & ITES are enabling vendors to overcome the unique operational challenges of these sectors. Moreover, the formation of strategic partnerships among technology providers, cloud service vendors, and system integrators is facilitating the development of the ecosystem, thus providing the perfect conditions for the delivery of seamless, end-to-end cloud discovery solutions and rapidly increasing market penetrations. Collectively, these factors point to a dynamic landscape of the cloud discovery sector that is rich in opportunities for innovation, adoption, and strategic growth.

CLOUD DISCOVERY MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2024 - 2030

Base Year

2024

Forecast Period

2025 - 2030

CAGR

16.4%

Segments Covered

By Component, By Enterprise Size, By Industry Vertical, By Deployment Model and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regional Scope

North America, Europe, APAC, Latin America, Middle East & Africa

Key Companies Profiled

Amazon Web Services (AWS), Microsoft Corporation, Google Cloud, IBM Corporation, Oracle Corporation, BMC Software, ServiceNow, Cisco Systems, McAfee LLC, Certero

Cloud Discovery Market Segmentation:

Cloud Discovery Market Segmentation By Component:

  • Solutions
  • Services

 

Cloud Discovery Market is largely dominated by Solutions, as they offer the necessary instruments to companies for getting a clear view, saving resources, and protecting highly complicated cloud environments. To find cloud assets, keep usage in view, and produce actionable insights, these solutions use automation, AI, and machine learning technologies. As a result, companies are buying more cloud discovery solutions to improve their performance, meet regulatory requirements, and have the ability to decide at any moment. The expansion of this sector is a consequence of the increasing intricacy of multi-cloud deployments and the demand for centralized cloud management platforms.

Service is the component segment with the most rapid growth in the Cloud Discovery Market. Companies are looking for consulting, integration, and managed services to implement and optimize cloud discovery solutions effectively. Professional services enable companies to surmount the obstacles of the implementation process, guarantee smooth integration with the current IT infrastructure, and keep the system performance going. The rapid uptake of cloud discovery services is indicative of the growing reliance on expert guidance as a means of speeding up the digital transformation and attaining the set objectives of strategic cloud management.

Cloud Discovery Market Segmentation By Enterprise Size:

  • Large Enterprises
  • Small and Medium Enterprises (SMEs)

Large enterprises mainly control the Cloud Discovery market, as they run complicated multi-cloud environments with lengthy IT infrastructure. Such organizations demand detailed visibility, automated resource management, and strong security across different cloud platforms. To streamline expenses, improve operational efficiency, and meet strict regulatory requirements, large enterprises are progressively purchasing cloud discovery solutions. The expansion of this segment is attributed to an increased implementation of digital transformation initiatives and the requirement of centralized monitoring and predictive analytics for efficient management of large-scale cloud resources.

Small and Medium Enterprises (SMEs) are the fastest-moving subsegment of the market with significant growth potential. To get a better grip on their limited IT resources, tighten security, and make their operations more cost-efficient, SMEs are very much inclined to adopt cloud discovery solutions. The SME segment is witnessing exponential growth due to the increased adoption of cloud technologies by SMEs and the availability of scalable, subscription-based cloud discovery solutions. Without making a substantial investment in IT staff or infrastructure, SMEs are turning to cloud discovery tools as a way of automating resource tracking and obtaining valuable insights.

Cloud Discovery Market Segmentation By Industry Vertical:

  • Banking, Financial Services, and Insurance (BFSI)
  • Healthcare and Life Sciences
  • Information Technology and Telecommunications
  • Retail and Consumer Goods
  • Government and Public Sector
  • Media and Entertainment
  • Manufacturing
  • Transportation and Logistics

The Banking, Financial Services, and Insurance (BFSI) vertical is the major contributor to the Cloud Discovery market. This is mainly because of the highly regulated nature of the sector, the necessity for strong data security, and the widespread use of cloud-based services. Banks and other financial institutions are employing more and more cloud discovery tools to fully understand their multi-cloud environments, find shadow IT, and comply with international standards. The implementation of the segment is also boosted by the usage of real-time monitoring and predictive analytics that can help to lower operational risks and use cloud resources most efficiently.

The Healthcare and Life Sciences segment is the fastest-growing vertical in the Cloud Discovery market. A key factor behind these trends is the growing digitization of patient records, the popularity of telemedicine, and the use of cloud-based research platforms, which are all creating a strong need for more advanced cloud visibility and resource management. With cloud discovery tools, healthcare organizations can maintain the highest level of data security, be compliant with standards like HIPAA, and manage the sensitive healthcare data that is spread across hybrid and multi-cloud environments in an efficient way. The growth of this vertical is indicative of the increasing need for a secure, agile, and scalable cloud infrastructure to be able to deliver healthcare in a reliable way.

Cloud Discovery Market Segmentation By Deployment Model:

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud
  • Multi-Cloud

The Public Cloud segment is leading the Cloud Discovery Market by a substantial margin. This is primarily because a growing number of organizations are opting for scalable, cost-effective, and easily implementable cloud solutions. Public cloud platforms offer improved visibility over highly varied IT environments, thus enabling businesses to monitor, detect, and optimize cloud resources in an efficient manner. The segment's dominance is largely attributed to the increased adoption of the public cloud by both large enterprises and SMEs, which are looking for flexible deployment models without the need for a considerable amount of on-premises infrastructure. The public cloud adoption is getting further promoted by next-generation automation, AI-driven analytics, and easy integration with other cloud services, thus making it the core of modern cloud discovery processes.

On the contrary, the Hybrid Cloud division is said to be the quickest evolving deployment model over the coming years as companies intend to maintain a balance of security, compliance, and flexibility requirements. With a hybrid cloud setup, an enterprise can connect its private and public cloud resources, thus having detailed control over the most sensitive data while at the same time enjoying the high capacity of the public cloud for less critical workloads. This expansion has been driven by the enterprise’s growing emphasis on operational efficiency, cost-effectiveness, and real-time monitoring across different environments. The rate of digital transformation being what it is, the use of hybrid cloud is bound to skyrocket, thereby illustrating the urgent need for adaptable cloud discovery solutions that can support not just legacy systems but also innovative cloud-native applications as well.

 

Cloud Discovery Market Segmentation: Regional Analysis:

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

North America is the largest contributor to the Cloud Discovery Market. The region is a beneficiary of the presence of major cloud service providers, advanced IT infrastructure, and the high enterprise adoption of digital transformation initiatives. The United States and Canada, among others, are leading the way in innovations of cloud management, real-time monitoring, and AI-driven analytics. These are all supported by huge investments in cybersecurity, regulatory compliance, and enterprise automation. The maturity of cloud ecosystems, along with the widespread knowledge of cloud governance and FinOps integration, further solidifies North America’s status as the global leader in Cloud Discovery solutions.

The Asia-Pacific region is the major contributor responsible for the highest growth rate in the Cloud Discovery Market over the next several years. The growth is mainly facilitated because digital transformation is proceeding at a very rapid pace, different types of businesses ranging from small-scale to large-scale are adopting the cloud in their operations, and government support for the IT sector is very strong. A good number of countries, such as China, India, Japan, and South Korea, are seeing a rapid increase in investments in cloud infrastructure. This increase is mostly due to higher demand for multi-cloud visibility, the use of AI in resource optimization, and predictive analytics. Besides, the growing technology landscape in the region, the Asia-Pacific will continue to be the major driver of the global Cloud Discovery market during the forecast period due to an accelerated transition to hybrid and public cloud environments.

COVID-19 Impact Analysis:

The COVID-19 outbreak has been a major catalyst for the adoption of cloud technologies. Thus, the overall Cloud Discovery market has been deeply affected by this event. The worldwide transition of organizations to remote work models has resulted in an increasing need for real-time visibility into complex cloud environments. This, in turn, has led enterprises to adopt Cloud Discovery solutions at a record-breaking pace. Businesses have found it challenging to monitor their digitally dispersed assets, manage shadow IT, and ensure compliance. As a result, the need for automated cloud inventory and monitoring tools has become more apparent than ever. As a result of the pandemic, companies have also been motivated to pay closer attention to their cloud spending. This has facilitated the adoption of FinOps in conjunction with Cloud Discovery platforms to monitor resource usage and save on operational costs. Numerous industry verticals, such as healthcare, BFSI, and IT, have seen the increased use of cloud discovery tools, the primary reasons being operational continuity and secure data access. Besides this, the uncertainty brought about by COVID-19 has sped up the digital transformation initiatives of organizations. As a consequence, they have become more dependent on intelligent cloud management, predictive analytics, and AI-driven insights for their decision-making process. The sudden increase in demand has made the Cloud Discovery market an important instrument for organizational resilience. By doing so, it has allowed the businesses to gain improved visibility, enhanced operational efficiency, and better security in both hybrid and multi-cloud environments. Therefore, the pandemic has been instrumental not only in amplifying the short-term market adoption but also in setting the stage for long-term growth and innovation in cloud discovery technologies.

Latest Market News:

  • In March 2025, Alphabet, Google's parent company, announced its agreement to acquire cybersecurity firm Wiz for $32 billion in cash. This acquisition, Alphabet's largest to date, aims to integrate Wiz's security platform with Google Cloud's infrastructure, enhancing cloud security and multi-cloud usage. Wiz, founded in 2020, has experienced rapid growth, with its valuation now at $30 billion. The deal underscores Alphabet's commitment to bolstering its cloud business amidst a competitive market.
  • In June 2025, Salesforce announced its agreement to acquire Informatica, a cloud data management company, for $8 billion. The deal, expected to close in Q3 2025, will allow Salesforce to integrate Informatica's data management solutions into its AI platform, Agent Force. This acquisition aims to enhance Salesforce's capabilities in artificial intelligence and data management.
  • In March 2025, Shopify announced its acquisition of Vantage Discovery, an AI search company founded by former Pinterest engineering leaders. Vantage Discovery focuses on enhancing retailers' search functionality using generative AI and large language models (LLMs). The acquisition aims to integrate Vantage Discovery's technology into Shopify's commerce platform, enhancing search capabilities for retailers.
  • In May 2024, Amazon Web Services (AWS) and Orange announced a partnership to offer cloud computing services in Morocco and Senegal through AWS Wavelength. This collaboration marks the first deployment of such services without physical AWS infrastructure on-site, with Orange hosting the services in its data centers. The move responds to rising demand for faster computing in sectors like banking, telecom, and healthcare.
     

Latest Trends and Developments:

The Cloud Discovery market is undergoing a series of developments, which are mainly influenced by the rising adoption of multi-cloud and hybrid cloud environments. These factors are compelling organizations to require greater visibility, management, and security of their diverse cloud assets. To that end, companies are extensively applying artificial intelligence and machine learning techniques for the automation of cloud resource discovery, classification, and anomaly detection. As a result, they are enabled to make decisions at a much faster rate and can prevent risks in advance. Compliance and data privacy have become very important aspects, leading firms to initiate the deployment of adequate solutions that empower them to monitor and govern in real-time over their intricate cloud infrastructures. Moreover, businesses are now purchasing integrated cloud management platforms that not only facilitate discovery but also enable cost optimization and security, thus granting them more efficient operations and strategic cloud utilization. Furthermore, the transformation of the cloud into a more dynamic and flexible strategy is having a significant impact on IT management practices, thereby driving the pace of innovation and enhancing the general operational resilience of organizations.

Key Players in the Market:

  • Amazon Web Services (AWS)
  • Microsoft Corporation
  • Google Cloud
  • IBM Corporation
  • Oracle Corporation
  • BMC Software
  • ServiceNow
  • Cisco Systems
  • McAfee LLC

Chapter 1. Global Cloud Discovery Market –Scope & Methodology
   1.1. Market Segmentation
   1.2. Scope, Assumptions & Limitations
   1.3. Research Methodology
   1.4. Primary Sources
   1.5. Secondary Sources
Chapter 2. Global Cloud Discovery Market – Executive Summary
   2.1. Market Size & Forecast – (2025 – 2030) ($M/$Bn)
   2.2. Key Trends & Insights
    2.2.1. Demand Side
    2.2.2. Supply Side    
   2.3. Attractive Investment Propositions 
   2.4. COVID-19 Impact Analysis
Chapter 3. Global Cloud Discovery Market – Competition Scenario
   3.1. Market Share Analysis & Company Benchmarking
   3.2. Competitive Strategy & Development Scenario
   3.3. Competitive Pricing Analysis
   3.4. Supplier-Distributor Analysis
Chapter 4. Global Cloud Discovery Market Entry Scenario
    4.1. Regulatory Scenario 
    4.2. Case Studies – Key Start-ups
    4.3. Customer Analysis
    4.4. PESTLE Analysis
    4.5. Porters Five Force Model
             4.5.1. Bargaining Power of Suppliers
             4.5.2. Bargaining Powers of Customers
             4.5.3. Threat of New Entrants
            4.5.4. Rivalry among Existing Players
    4.5.5. Threat of Substitutes
Chapter 5. Global Cloud Discovery Market - Landscape
   5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
   5.2. Market Drivers
   5.3. Market Restraints/Challenges
   5.4. Market Opportunities
Chapter 6. Global Cloud Discovery Market – By Component
   6.1. Introduction/Key Findings 
   6.2. Solutions 
   6.3. Services
   6.4. Y-O-Y Growth Trend Analysis By Component
   6.5. Absolute $ Opportunity Analysis By Component, 2025-2030
Chapter 7. Global Cloud Discovery Market – By Enterprise Size
   7.1. Introduction/Key Findings
   7.2. Large Enterprises 
   7.3. Small and Medium Enterprises (SMEs)
   7.4. Y-O-Y Growth Trend Analysis By Enterprise Size
   7.5. Absolute $ Opportunity Analysis By Enterprise Size, 2025-2030
Chapter 8. Global Cloud Discovery Market – By Industry Vertical
    8.1. Introduction/Key Findings 
    8.2. Banking, Financial Services, and Insurance (BFSI)
    8.3. Healthcare and Life Sciences,
    8.4. Information Technology and Telecommunications, 
    8.5. Retail and Consumer Goods,
    8.6. Government and Public Sector, 
    8.7. Media and Entertainment, 
    8.8. Manufacturing, 
    8.9. Transportation and Logistics
    8.10. Y-O-Y Growth Trend Analysis By Industry Vertical
    8.11. Absolute $ Opportunity Analysis By Industry Vertical, 2025-2030
Chapter 9. Global Cloud Discovery Market – By Deployment Model  
    9.1. Introduction/Key Findings
    9.2. Public Cloud
    9.3. Private Cloud 
    9.4. Hybrid Cloud 
    9.5. Multi-Cloud
    9.6. Y-O-Y Growth Trend Analysis By Deployment Model  
    9.7. Absolute $ Opportunity Analysis By Deployment Model, 2025-2030
Chapter 10. Global Cloud Discovery Market, By Geography – Market Size, Forecast, Trends & Insights
10.1. North America
    10.1.1. By Country
        10.1.1.1. U.S.A.
        10.1.1.2. Canada
        10.1.1.3. Mexico
    10.1.2. By Component
    10.1.3. By Enterprise Size
    10.1.4. By Industry Vertical
    10.1.5. By Deployment Model
    10.1.6. Countries & Segments – Market Attractiveness     Analysis
10.2. Europe
    10.2.1. By Country    
        10.2.1.1. U.K.                         
        10.2.1.2. Germany
        10.2.1.3. France
        10.2.1.4. Italy
        10.2.1.5. Spain
        10.2.1.6. Rest of Europe
    10.2.2. By Component
    10.2.3. By Enterprise Size
    10.2.4. By Industry Vertical
    10.2.5. By Deployment Model
    10.2.6. Countries & Segments – Market Attractiveness     Analysis
10.3. Asia Pacific
    10.3.1. By Country    
        10.3.1.1. China
        10.3.1.2. Japan
        10.3.1.3. South Korea
10.3.1.4. India
        10.3.1.5. Australia & New Zealand
        10.3.1.6. Rest of Asia-Pacific
    10.3.2. By Component
    10.3.3. By Enterprise Size
    10.3.4. By Industry Vertical
    10.3.5. By Deployment Model
    10.3.6. Countries & Segments – Market Attractiveness     Analysis
10.4. South America
    10.4.1. By Country    
         10.4.1.1. Brazil
         10.4.1.2. Argentina
         10.4.1.3. Colombia
         10.4.1.4. Chile
         10.4.1.5. Rest of South America
    10.4.2. By Component
    10.4.3. By Enterprise Size
    10.4.4. By Industry Vertical
    10.4.5. By Deployment Model
    10.4.6. Countries & Segments – Market Attractiveness     Analysis
10.5. Middle East & Africa
    10.5.1. By Country
        10.5.1.1. United Arab Emirates (UAE)
        10.5.1.2. Saudi Arabia
        10.5.1.3. Qatar
        10.5.1.4. Israel
        10.5.1.5. South Africa
        10.5.1.6. Nigeria
        10.5.1.7. Kenya
        10.5.1.8. Egypt
        10.5.1.9. Rest of MEA
    10.5.2. By Component
    10.5.3. By Enterprise Size
    10.5.4. By Industry Vertical
    10.5.5. By Deployment Model
    10.5.6. Countries & Segments – Market Attractiveness     Analysis
Chapter 11. Global Cloud Discovery Market – Company Profiles – (Overview, Product Portfolio, Financials, Strategies & Developments, SWOT Analysis)
11.1. Amazon Web Services (AWS)
11.2. Microsoft Corporation
11.3. Google Cloud
11.4. IBM Corporation
11.5. Oracle Corporation
11.6. BMC Software
11.7. ServiceNow
11.8. Cisco Systems
11.9. McAfee LLC
11.10. Certero

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Frequently Asked Questions

The Cloud Discovery market refers to the ecosystem of tools and solutions that enable businesses to identify, monitor, and manage their cloud data, services, and applications across multiple environments. It is important because it helps organizations gain visibility into cloud assets, detect shadow IT, optimize resources, ensure compliance, and reduce security risks, especially in increasingly complex multi-cloud and hybrid environments.

The market is largely dominated by the Solutions segment, which provides tools for asset visibility, monitoring, and automated analytics. Among enterprise sizes, large enterprises hold the largest share due to their complex cloud infrastructures, while SMEs represent the fastest-growing subsegment. In terms of deployment, the Public Cloud leads, and the Hybrid Cloud is the fastest-growing deployment model.

The Banking, Financial Services, and Insurance (BFSI) sector is the largest contributor due to strict regulatory and security requirements. The Healthcare and Life Sciences vertical is the fastest-growing, driven by digitization of patient records, telemedicine, and cloud-based research platforms, all of which demand secure, scalable, and compliant cloud visibility solutions.

The COVID-19 pandemic accelerated the adoption of cloud discovery tools as organizations transitioned to remote work models. This increased the need for real-time visibility of cloud environments, automated monitoring, and FinOps integration to manage costs effectively. COVID-19 also drove rapid digital transformation and greater reliance on AI-driven insights for secure and efficient cloud management.

Challenges include integration with legacy IT systems, high implementation costs, limited skilled professionals, data privacy concerns, and managing shadow IT. Growth opportunities arise from AI and machine learning-enabled solutions, rising multi-cloud adoption, industry-specific solutions, strategic partnerships, and rapid digital transformation in regions like Asia-Pacific, creating demand for scalable, automated, and compliant cloud discovery platforms.

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