According to Cognitive Market Research, the global Cloud Automation Market size is USD 162154.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 20.50% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 64861.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 48646.38 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 37295.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 219.0% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 8107.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.9% from 2024 to 2031.
Middle East and Africa hada market share of around 2% of the global revenue and was estimated at a market size of USD 3243.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.2% from 2024 to 2031.
The the dominant category in the cloud automation market is the IT & Telecom industry vertical. IT & Telecom companies have been early adopters of cloud technologies, including automation, due to the nature of their business that heavily relies on agile and scalable IT infrastructure.
