The global cloud services brokerage market size reached US$ 10.11 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 25.82 Billion by 2028, exhibiting a growth rate (CAGR) of 16.80% during 2023-2028. The advent of cloud-based services, the widespread adoption of AI, big data analytics, and IoT, and ongoing innovations and technological advancements represent some of the key factors driving the market.
Cloud services brokerage (CSB) refers to an IT role and business model that provides intermediation services to help organizations manage and integrate their cloud services from multiple providers. It offers a range of services, including cloud service selection, integration, customization, migration, security, governance, compliance, and management. It acts as a mediator between cloud service providers and the organization, helping them leverage the benefits of multiple cloud services while managing their risks, costs, and complexity. CSB provides a single point of contact for organizations to access and manage their cloud services and ensure efficient, simultaneous working, which, in turn, improves their overall efficiency and productivity.
Cloud services brokerage (CSB) refers to an IT role and business model that provides intermediation services to help organizations manage and integrate their cloud services from multiple providers. It offers a range of services, including cloud service selection, integration, customization, migration, security, governance, compliance, and management. It acts as a mediator between cloud service providers and the organization, helping them leverage the benefits of multiple cloud services while managing their risks, costs, and complexity. CSB provides a single point of contact for organizations to access and manage their cloud services and ensure efficient, simultaneous working, which, in turn, improves their overall efficiency and productivity.
Cloud Services Brokerage Market Trends:
The widespread adoption of cloud computing is primarily driving the product demand, as an increasing number of organizations are seeking assistance with managing their complex and diverse cloud environments. Consequently, the rising demand for cloud security and compliance is creating a favorable outlook for the market. Moreover, the growing demand among various industrial verticals for hybrid IT and multi-cloud management to improve performance and output and reduce enterprise costs are contributing to the market growth. Besides this, the implementation of numerous favorable government initiatives supporting the development of cloud infrastructure is acting as another significant growth-inducing factor. In addition to this, ongoing advancements and the emergence of innovative new technologies, such as big data analytics, artificial intelligence (AI), and the Internet of Things (IoT), are presenting remunerative growth opportunities for the market. Furthermore, the rising levels of urbanization, expanding industrialization, the continuous introduction of innovative products, such as home automation, and the proliferation of small and medium-sized enterprises (SMEs) across the world are positively impacting the market growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the global cloud services brokerage market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on service type, platform, deployment model, organization size, and end user.Service Type Insights:
- Integration and Support
- Automation and Orchestration
- Billing and Provisioning
- Migration and Customization
- Security and Compliance
- Others
Platform Insights:
- Internal Brokerage Enablement
- External Brokerage Enablement
Deployment Model Insights:
- Private
- Public
- Hybrid
Organization Size Insights:
- Large Enterprises
- Small and Medium-sized Enterprises
End User Insights:
- IT and Telecom
- BFSI
- Government and Public Sector
- Healthcare
- Consumer Goods and Retail
- Manufacturing
- Energy and Utilities
- Others
Regional Insights:
North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global cloud services brokerage market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Accenture Public Limited Company, ActivePlatform Limited, Arrow Electronics Inc, Atos SE, Cognizant Technology Solutions Corporation, Fujitsu Limited, International Business Machines Corporation, NTT Data Inc. (Nippon Telegraph and Telephone Corporation), Tech Mahindra Limited, Wipro Limited, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report:
- How has the global cloud services brokerage market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global cloud services brokerage market?
- What is the impact of each driver, restraint, and opportunity on the global cloud services brokerage market?
- What are the key regional markets?
- Which countries represent the most attractive cloud services brokerage market?
- What is the breakup of the market based on the service type?
- Which is the most attractive service type in the cloud services brokerage market?
- What is the breakup of the market based on the platform?
- Which is the most attractive platform in the cloud services brokerage market?
- What is the breakup of the market based on the deployment model?
- Which is the most attractive deployment model in the cloud services brokerage market?
- What is the breakup of the market based on the organization size?
- Which is the most attractive organization size in the cloud services brokerage market?
- What is the breakup of the market based on the end user?
- Which is the most attractive end user in the cloud services brokerage market?
- What is the competitive structure of the global cloud services brokerage market?
- Who are the key players/companies in the global cloud services brokerage market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Cloud Services Brokerage Market
6 Market Breakup by Service Type
7 Market Breakup by Platform
8 Market Breakup by Deployment Model
9 Market Breakup by Organization Size
10 Market Breakup by End User
11 Market Breakup by Region
12 Drivers, Restraints, and Opportunities
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Accenture Public Limited Company
- ActivePlatform Limited
- Arrow Electronics Inc
- Atos SE
- Cognizant Technology Solutions Corporation
- Fujitsu Limited
- International Business Machines Corporation
- NTT Data Inc. (Nippon Telegraph and Telephone Corporation)
- Tech Mahindra Limited
- Wipro Limited
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 10.11 Billion |
| Forecasted Market Value ( USD | $ 25.82 Billion |
| Compound Annual Growth Rate | 16.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
