Market Size of Cloud Automation Industry
| 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.
