Cloud Automation Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 21.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cloud Automation Market Analysis
Cloud Automation Market revenue is expected to grow at a CAGR of 21.0% over the next five years. The growing need for low-cost data backup, storage, and security across all companies, along with the requirement to manage data generated by augmented mobile technologies usage, favours the cloud automation adoption rate.
- Key players in the cloud automation market are focusing on expanding their businesses and strengthening their market positions through collaborations and partnerships. For Instance, Amazon Web Services (AWS) cloud vendor plans to invest USD 5 billion over the next 15 years in Jakarta, Indonesia. The new site is pipped to support Indonesia's growing startup ecosystem and government and private organizations.
- The extensive digital payments use and the introduction of advanced technologies, such as AI, Cloud computing, and blockchain technology used in the end-user industries, will likely drive the cloud automation market growth over the next five years. For Instance, IBM collaborated with Payout, a fintech company that provides businesses, including the financial sector, with a secure payment and open banking platform. It upgraded its whole technological infrastructure by migrating to the IBM Cloud. The transition will help Payout further its digitalization goal and improve the security and scalability of its digital payments service.
- Cloud automation services demand is growing due to increasing infrastructure developments and data center construction projects. For Instance, Amazon plans to invest USD 4.4 billion to develop digital infrastructure/cloud services available in Hyderabad, India, by the end of 2030.
- For Instance, Amazon Web Services plans to open offices in Costa Rica to provide cloud computing services. Such initiatives from the key players in the market would bring new growth opportunities for the Cloud Automation market.
- During and Post-COVID-19 situation, the hybrid cloud-based services demand was growing. For Instance, IBM announced the beginning of the operations of its first IBM Cloud Multizone Region (MZR) in Latin America. It significantly expands IBM's global presence in the cloud market.
Cloud Automation Market Trends
This section covers the major market trends shaping the Cloud Automation Market according to our research experts:
Hybrid Cloud is Expected to Hold a Significant Market Share
- Hybrid cloud services are expected to grow significantly compared to other cloud services over the next five years. According to an IBM survey, more than 77% of respondents have used a hybrid cloud strategy, which can help drive digital transformation.
- Further, government organizations are shifting focus on adopting Hyperscale cloud that includes benefits such as data centre modernization, unified operations, security and governance, and application innovation. For Instance, The National Security Agency awarded a cloud computing contract to Amazon Web Services worth up to USD 10 billion.
- Key players in the market are focused on investments, acquisitions, and partnerships. These strategies are projected to increase the growth opportunities for the market. For Instance, Cisco's new platform, Cisco Intersight, helps customers accelerate and simplify their hybrid cloud journey.
- According to NASSCOM, last year, the investment in infrastructure-as-a-service in India reached USD 2 billion. During COVID-19, people preferred to work from home, leading companies and other entities to increase investments in the cloud automation market.
North America Holds a Prominent Share in the Cloud Automation Market
- North America is expected to hold a significant share of the Cloud Automation market. Many regional companies are moving beyond the public cloud and are stepping into a new era of hybrid IT that combines public, private, and hybrid cloud. Key players in the market have implemented a hybrid cloud strategy, aiding them in improving their business and delivering customer service.
- The rising digital transformation and cyber security trends are leading to increased Cloud Automation adoption in the region. For Instance, UiPath Collaborated with Microsoft to bring the Future of Automation to the cloud.
- According to Organization for Economic Corporation and development, United States healthcare expenditure grew with a CAGR of 3.8% from 2020 to 2021. In the healthcare sector, increasing technological developments, such as the Internet of Things (IoT) & wearables, cloud services, product engineering services, integration services, and data science and business intelligence solutions, are expected to boost market growth.
- The Cloud Automation market is witnessing growth due to the massive cloud deployments across the growing IT companies across the region. According to Flexera Software, Google Cloud Platform includes the highest percentage of 22% for experimenting with public cloud services.
Cloud Automation Industry Overview
Cloud Automation Market is highly fragmented due to ongoing partnerships and current advancements in the market. Some Key players in the market studied include Cisco Systems Inc., Amazon Inc., Citrix Systems Inc, IBM Corporation, and Hewlett Packard Enterprise Company.
- June 2022 - Cisco launched AppDynamics Cloud at the premiere networking and security event at Cisco Live. A cloud-native observability platform for modern applications based on increasingly complex, distributed architectures and services. Designed for simplicity, usability, and intuitiveness, it empowers IT teams to deliver the exceptional digital experiences currently demanded by businesses, consumers, and end users.
Cloud Automation Market Leaders
Cisco Systems Inc
Amazon
Citrix Systems Inc.
IBM Corporation
Hewlett Packard Enterprise Company
*Disclaimer: Major Players sorted in no particular order
Cloud Automation Market News
- December 2022 - T-Mobile collaborated with Cisco to launch the world's largest highly scalable and distributed nationwide cloud native 5G converged core gateway.
- September 2022 - Kyndryl collaborated with Citrix to help customers accelerate the adoption of digital workplace virtualization services and solutions. Through this collaboration, both companies will continue to develop modernized, end-to-end IT management services and virtual desktop solutions across hybrid and multi-cloud environments for new and existing customers.
Cloud Automation Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing demand for low-cost storage and faster data accessibility
5.1.2 Rising investments in R&D and emerging automation solutions
5.2 Market Restraints
5.2.1 Privacy and security concerns
5.3 MARKET SEGMENTATION
5.3.1 By Type
5.3.1.1 Public Cloud
5.3.1.2 Private Cloud
5.3.1.3 Hybrid Cloud
5.3.2 By End-user
5.3.2.1 BFSI
5.3.2.2 Healthcare
5.3.2.3 IT & Telecom
5.3.2.4 Manufacturing
5.3.2.5 Retail
5.3.2.6 Others
5.3.3 By Geography
5.3.3.1 North America
5.3.3.2 Europe
5.3.3.3 Asia Pacific
5.3.3.4 Latin America
5.3.3.5 Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Amazon
6.1.2 Cisco Systems, Inc.
6.1.3 Vmware, Inc.
6.1.4 Oracle Corporation
6.1.5 Microsoft Corporation
6.1.6 Citrix Systems, Inc.
6.1.7 Hewlett Packard Enterprise (HPE)
6.1.8 Google
6.1.9 IBM Corporation
6.1.10 Opex Software
6.1.11 Cloud Velox
6.1.12 Alibaba Cloud
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. FUTURE OUTLOOK OF THE MARKET
Cloud Automation Industry Segmentation
Cloud automation is the use of technology that performs tasks with reduced human assistance to unite cloud management processes.
Cloud Automation Market is segmented by type (public cloud, private cloud, hybrid cloud), by end-user (BFSI, Healthcare, IT & Telecom, manufacturing, retail, and others), by geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa). The market sizes and forecasts are in value (USD million) for all the above segments.
Cloud Automation Market Research FAQs
What is the current Cloud Automation Market size?
The Cloud Automation Market is projected to register a CAGR of 21% during the forecast period (2024-2029)
Who are the key players in Cloud Automation Market?
Cisco Systems Inc, Amazon, Citrix Systems Inc., IBM Corporation and Hewlett Packard Enterprise Company are the major companies operating in the Cloud Automation Market.
Which is the fastest growing region in Cloud Automation Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Cloud Automation Market?
In 2024, the North America accounts for the largest market share in Cloud Automation Market.
What years does this Cloud Automation Market cover?
The report covers the Cloud Automation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cloud Automation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Cloud Automation Industry Report
Statistics for the 2023 Cloud Automation market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cloud Automation analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
