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Cloud Automation Market on Track for Strong Growth, Estimated to Grow at 16.6% CAGR Through 2029
Cloud Automation
What Is the Expected CAGR for the Cloud Automation Market Through 2025?
In recent times, the cloud automation market has seen a swift expansion. The market size is predicted to increase from $200.5 billion in 2024 to $233.51 billion in 2025, marking a compound annual growth rate (CAGR) of 16.5%. The notable growth in the past period is due to a rise in the need for affordable storage and quick data access, simplicity in application development and testing, a surge in the usage of cloud services, an elevated adoption of cloud computing, and a growing demand emanating from large corporations.
What's the Projected Size of the Global Cloud Automation Market by 2029?
The market size of cloud automation is anticipated to witness a significant surge in the coming years, expanding to $431.43 billion by 2029, with a compound annual growth rate (CAGR) of 16.6%. The predicted growth in the forecasted timespan can be ascribed to escalating investments in research and development, proliferating automation solutions, and the amalgamation of hybrid cloud with cloud automation. Also contributing are cost minimization, the pressing need for refined operational efficacy, and the expanding adoption of devOps toolchains. Prominent trends predicted for the forecast period consist of the evolution of AI and machine learning, their integration, disaster recovery, business continuity, container orchestration, and serverless computing.
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Top Growth Drivers in the Cloud Automation Industry: What's Accelerating the Market?
The escalation in the utilization of DevOps toolchains is projected to fuel the cloud automation market's expansion in the future. DevOps toolchains entail an amalgamation of cohesive tools and methods utilized in DevOps practices for systemizing and simplifying the progression of software development, testing, deployment, as well as monitoring processes. The demand for these toolchains is escalating due to several Contributors such as the growing intricacy of software development and the necessity for rapidity, efficacy, and teamwork. Cloud automation permits DevOps groups to systemize repetitive operations, speed up software delivery, amplify agility, and maximize resource consumption, consequently enhancing the productivity, scalability, and dependability of DevOps toolchains. For instance, InfoSec Institute, a technology education firm based in the US, stated in January 2023 that infrastructure automation tools will constitute 60% of companies' DevOps toolchains by 2023, leading to a 25% enhancement in application deployment efficiency. 56% of the operations team members conveyed that they were either 'largely' or 'completely' automated, a surge of 10% since 2021. Therefore, the swelling adoption of DevOps toolchains is catalyzing the expansion of the cloud automation market.
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What Trends Will Shape the Cloud Automation Market Through 2029 and Beyond?
Leading firms in the cloud automation market are prioritizing the creation of innovative solutions such as automation cloud tools. These tools aim to automate manual tasks, providing a competitive advantage in the market. Automation cloud tools are several software solutions designed to automate and simplify the operations related to cloud computing. For example, in May 2022, the US-based software company, UiPath, introduced Automation Cloud Robots. This serverless solution manages cross-platform APIs and web-based automations without the requirement of virtual machines or robot configuration. These robots are capable of processing up to 50 tasks concurrently and incur charges per execution minute via Robot Units, which are handled by Automation Cloud Orchestrator. The unique design of these robots delivers immediate automation with unlimited SaaS capacity and without any restrictions on robot utilization.
What Are the Main Segments in the Cloud Automation Market?
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
Subsegments:
1) By Software: Cloud Management Software, Cloud Orchestration Software, Cloud Monitoring Software, Cloud Security Software, Cloud Integration Software
2) By Services: Professional Services, Managed Services
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Which Top Companies are Driving Growth in the Cloud Automation Market?
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.
Which Regions Will Dominate the Cloud Automation Market Through 2029?
North America was the largest region in the cloud automation market in 2024. 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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