Categories: IT & Communication Technology

Insights into the Future: Cloud Automation Market Analysis 2024-2033

Overview and Scope
Cloud automation refers to the use of automated tools and processes to execute workflows in a cloud environment that would otherwise require manual intervention. It is designed to reduce or eliminate manual efforts used to provision and manage cloud computing resources, making workflows more efficient and helping teams establish continuous deployment strategies.

Sizing and Forecast
The cloud automation market size has grown rapidly in recent years. It will grow from $171.66 billion in 2023 to $200.50 billion in 2024 at a compound annual growth rate (CAGR) of 16.8%. The growth in the historic period can be attributed to growing demand for low-cost storage and faster data accessibility, easy application development and testing, growing adoption of cloud services, increasing adoption of cloud computing, increasing demand from large enterprises.

The cloud automation market size is expected to see rapid growth in the next few years. It will grow to $369.42 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%. The growth in the forecast period can be attributed to rising investments in R&D and emerging automation solutions, hybrid cloud with cloud automation, cost optimization, need for improved operational efficiency, growing adoption of devOps toolchains. Major trends in the forecast period include the emergence of AI and machine learning, integration with artificial intelligence (AI) and machine learning (ML), disaster recovery and business continuity, container orchestration, serverless computing.

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Segmentation & Regional Insights
The cloud automation market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment Type: Private, Public, Hybrid
3) By Organizational Size: Small And Medium Enterprise, Large Enterprise
4) By End-User: Banking, Financial Services, And Insurance (BFSI), Healthcare, Information Technology (IT) And Telecommunications (Telecom), Manufacturing, Retail, Other End-Users

North America was the largest region in the cloud automation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The growing adoption of DevOps toolchains is expected to propel the growth of the cloud automation market going forward. DevOps toolchains refer to a set of integrated tools and processes used in DevOps practices to automate and streamline software development, testing, deployment, and monitoring processes. The adoption of DevOps toolchains is on the rise due to several factors, including the increasing complexity of software development and the need for speed, efficiency, and collaboration. Cloud automation enables DevOps teams to automate repetitive operations, expedite software delivery, enhance agility, and optimize resource consumption, hence improving the productivity, scalability, and reliability of DevOps toolchains. For instance, in January 2023, according to InfoSec Institute, a US-based technology training company, infrastructure automation tools will be a part of 60% of firms’ DevOps toolchains by 2023, resulting in a 25% increase in application deployment effectiveness. 56% of the operations team members said they were ‘completely’ or ‘largely’ automated, an increase of 10% from 2021. Therefore, the growing adoption of devOps toolchains is driving the growth of the cloud automation market.

Key Industry Players
Major companies operating in the cloud automation market are Google LLC, Microsoft Corporation, Dell Technologies Inc., Amazon Web Services Inc., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Broadcom Inc., The Hewlett Packard Enterprise Company, DXC Technology Company, VMware Inc., NetApp Inc., Alibaba Cloud, Citrix Systems Inc., Progress Software Corporation, Terraform by HashiCorp, LogicMonitor Inc., Perforce Software Inc., Skytap Inc., Turbonomic, Morpheus Data LLC, Pulumi Corporation, CloudBolt Software, Opex Software LLP, CloudVelox Inc., Cloudify Platform Ltd., Snow Software, Mirantis Inc., Qualisystems Ltd., Red Hat Inc.

The cloud automation market report table of contents includes:
1. Executive Summary
2. Cloud Automation Market Characteristics
3. Cloud Automation Market Trends And Strategies
4. Cloud Automation Market – Macro Economic Scenario
5. Global Cloud Automation Market Size and Growth
…..
32. Global Cloud Automation Market Competitive Benchmarking
33. Global Cloud Automation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cloud Automation Market
35. Cloud Automation Market Future Outlook and Potential Analysis
36. Appendix