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Cloud Infrastructure Automation Software Market Trends, Share Analysis and Size Report, 2024
Cloud Infrastructure Automation Software Market Trends
According to The Business Research Company's, The cloud infrastructure automation software market size has grown rapidly in recent years. It will grow from $1.76 billion in 2023 to $2.01 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to cost efficiency, scalability, agility, complexity reduction, and security and compliance.
The cloud infrastructure automation software market size is expected to see rapid growth in the next few years. It will grow to $3.45 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to hybrid cloud adoption, edge computing growth, AL and machine learning integration, devops culture expansion, and regulatory changes. Major trends in the forecast period include kubernetes orchestration, infrastructure as code (IaC), serverless computing, zero trust security, and multi-cloud management.
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Market Drivers and Trends:
The rise in robot installations is expected to propel the growth of the cloud infrastructure automation software market going forward. The robot installations represent a significant milestone in adopting robotic technology within organizations, enabling automation, efficiency improvements, and innovation across diverse industries and applications. The rise in robot installations is due to technological advancements, economic factors, and operational benefits. Cloud infrastructure automation software offers a scalable and flexible solution for provisioning, monitoring, and managing robot fleets across geographically dispersed locations with which businesses can achieve greater operational efficiency, agility, and cost savings while ensuring seamless integration and coordination of robotic workflows. For instance, in September 2023, according to a report by the International Federation of Robotics (IFR), a Germany-based non-profit organization, there were 553,052 industrial robot installations in industries worldwide, representing a 5% annual growth rate in 2022. Therefore, the need for automation and optimization in IT infrastructure is driving the growth of the cloud infrastructure automation software market.
Major companies operating in the cloud music services market are focusing on developing AI-based music services to enhance user experience and engagement. AI-based music services are cloud music services that utilize algorithms to personalize recommendations, create playlists, and improve user experiences based on listening habits and preferences. For instance, in January 2022, Ganna, an India-based music streaming app, launched Gaana for Artists, a new app designed to empower artists by offering real-time audience insights from Gaana's vast user base 180 million. It provides transparent data on song streams, top cities for listeners, and performance analytics to understand audience preferences better.
Key Benefits for Stakeholders:
• 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.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Alibaba Group Holding Limited, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, Salesforce Inc., NEC Corporation, Adobe Inc., VMware Inc., ServiceNow Inc., Workday Inc., Red Hat Inc., OpenText Corporation, Citrix Systems Inc., Rackspace Technology Inc., Lumen Technologies Inc., Progress Software Corporation, HashiCorp Inc., Canonical Ltd., Puppet Inc., Qualisystems Ltd., Nerdio, CFEngine AS, SaltStack Inc.
Cloud Infrastructure Automation Software Market 2024 Key Insights:
• The cloud infrastructure automation software market size is expected to see rapid growth in the next few years. It will grow to $3.45 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%.
• The Synergy Between Robot Installations And Cloud Infrastructure Automation Software
• Introduction Dell's Telco Cloud Automation Suite
• North America was the largest region in the cloud infrastructure automation software market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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