PUBLISHER: The Business Research Company | PRODUCT CODE: 1465692
PUBLISHER: The Business Research Company | PRODUCT CODE: 1465692
Cloud automation involves the utilization of automated tools and processes to execute workflows within a cloud environment, streamlining tasks that would typically require manual intervention. Its purpose is to reduce or eliminate manual efforts involved in provisioning and managing cloud computing resources, thereby enhancing workflow efficiency and enabling teams to establish continuous deployment strategies.
The primary components of cloud automation include software and services. Software comprises a collection of instructions and data that dictate how a computer executes specific tasks or functions, including applications, programs, and operating systems. It can be deployed across various modes such as private, public, and hybrid, catering to organizations of diverse sizes, ranging from small and medium enterprises (SMEs) to large enterprises. Cloud automation software finds application across multiple industries, including banking, financial services, and insurance (BFSI), healthcare, information technology (IT) and telecommunications (telecom), manufacturing, retail, among others.
The cloud automation market research report is one of a series of new reports from The Business Research Company that provides cloud automation market statistics, including cloud automation industry global market size, regional shares, competitors with a cloud automation market share, detailed cloud automation market segments, market trends and opportunities, and any further data you may need to thrive in the cloud automation industry. This cloud automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 expansion observed during the historic period can be attributed to several factors, including the increasing demand for low-cost storage and faster data accessibility, the ease of application development and testing, the growing adoption of cloud services, the widespread uptake of cloud computing, and the escalating 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 anticipated growth in the forecast period can be attributed to several factors, including increased investments in research and development (R&D) and emerging automation solutions, the integration of hybrid cloud with cloud automation, emphasis on cost optimization, the imperative for improved operational efficiency, and the growing adoption of DevOps toolchains. Key trends expected during this period include the emergence of artificial intelligence (AI) and machine learning (ML) technologies, their integration into cloud automation solutions, heightened focus on disaster recovery and business continuity measures, the rise of container orchestration technologies, and the increasing popularity of serverless computing.
The increasing adoption of DevOps toolchains is set to drive the expansion of the cloud automation market. DevOps toolchains comprise integrated tools and processes utilized in DevOps practices to automate and streamline software development, testing, deployment, and monitoring. Factors such as the growing complexity of software development and the imperative for speed, efficiency, and collaboration are fueling the adoption of DevOps toolchains. Cloud automation empowers DevOps teams to automate repetitive operations, accelerate software delivery, boost agility, and optimize resource utilization. This results in improved productivity, scalability, and reliability of DevOps toolchains. For example, InfoSec Institute reported in January 2023 that infrastructure automation tools are projected to be part of 60% of firms' DevOps toolchains by 2023, leading to a 25% increase in application deployment effectiveness. Moreover, 56% of operations team members noted significant automation levels, marking a 10% rise from 2021. Consequently, the surge in DevOps toolchain adoption is propelling the growth of the cloud automation market.
Leading companies in the cloud automation sector are concentrating on developing innovative solutions, such as automation cloud tools, to automate manual processes and enhance their market competitiveness. Automation cloud tools encompass a range of software solutions designed to automate and streamline cloud computing processes. For instance, UiPath, a US-based software company, introduced Automation Cloud Robots in May 2022. This serverless solution executes cross-platform APIs and web-based automations without requiring VMs or robot configuration. Capable of handling up to 50 jobs in parallel, these robots are charged per execution minute through Robot Units managed by Automation Cloud Orchestrator. Offering instant automation with limitless SaaS capacity and no robot constraints, these robots represent a significant advancement in cloud automation technology. Through such innovative solutions, major players aim to solidify their position in the competitive cloud automation market.
In January 2023, Dell Inc., a US-based company offering a hybrid cloud solution and cloud infrastructure platform services, successfully acquired Cloudify Technologies Pvt. Ltd. for approximately up to $100 million. This strategic acquisition is geared towards enhancing Dell's cloud services business, with a particular focus on the DevOps space. The move is intended to foster innovation in Dell's edge offerings and strengthen its position in the cloud orchestration and automation sector. The acquisition aligns with Dell's broader strategy to provide comprehensive solutions for both public and private cloud opportunities. Cloudify Technologies Pvt. Ltd., based in Israel, is a company that specializes in providing cloud automation services through its open-source DevOps automation platform.
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.
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.
The countries covered in the cloud automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The cloud automation market includes revenues earned by entities by providing services such as infrastructure provisioning, orchestration, and deployment automation. The market value includes the value of related goods sold by the service provider or included within the service offering. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cloud Automation Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cloud automation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cloud automation ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cloud automation market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.