Press release
Cloud Automation Global Market Expected to Witness $369.42 Billion with Impressive Growth at a 16.5% CAGR By 2028 | Google LLC, Cisco Systems Inc., Oracle Corporation, Broadcom Inc., NetApp Inc.
Cloud Automation Global Market
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.
Market Overview -
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.
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Growth Of Cloud Automation Market Driven By Growing Adoption Of DevOps Toolchains
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.
Competitive Landscape -
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.
Introducing Automation Cloud Robots Revolutionizing Cloud Automation With Serverless Solutions
Major companies operating in the cloud automation market are focusing on developing new innovative solutions, such as automation cloud tools, to automate manual processes and gain a competitive edge in the market. Automation cloud tools refer to a variety of software solutions that help organizations automate and streamline their cloud computing processes. For instance, in May 2022, UiPath, a US-based software company, launched Automation Cloud Robots, a serverless solution that runs cross-platform APIs (application programming interfaces) and web-based automations without the need for VMs (virtual machines) or robot configuration. These robots can handle up to 50 jobs in parallel and are charged per execution minute via Robot Units, managed by Automation Cloud Orchestrator. These robots are designed to provide automation instantly, with limitless SaaS capacity and zero robot constraints.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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