Press release
Cloud Automation Market Share, Latest Trends, Growth Status, Top Major Players And Forecast To 2033
Cloud Automation Market Share
According to The Business Research Company's, 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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Market Drivers and Trends:
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.
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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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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Major Key Players of the Market:
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.
Cloud Automation Market 2024 Key Insights:
• The Cloud Automation Market is expected to grow to $369.42 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%.
• Growth Of Cloud Automation Market Driven By Growing Adoption Of DevOps Toolchains
• Introducing Automation Cloud Robots Revolutionizing Cloud Automation With Serverless Solutions
• 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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