Cloud Automation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028)

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 Highlights

• 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

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 Market Competitor Analysis

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.

Additional benefits of purchasing the report:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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