The Business Research Company’s report on the Cloud Services Brokerage Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the cloud services brokerage market’s growth in recent years?
The growing demand for hybrid and multi-cloud strategies is expected to propel the cloud service brokerage market. A multi-cloud strategy allows different divisions to choose the optimal computing environment for their purposes. It also allows porting of workloads across cloud service providers (CSPs). Adopting a multi-cloud and hybrid architecture will improve performance, cost savings, and scalability. According to the Flexera 2021 State of the Cloud Report, in March 2022, which surveyed 753 global cloud decision-makers and users, organizations are broadly adopting a multi-cloud strategy, with an estimated 92% of businesses adopting a multi-cloud approach. Therefore, the growing demand for hybrid and multi-cloud strategies will drive the cloud service brokerage market growth.
Access Your Free Sample of the Global Cloud Services Brokerage Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=7037&type=smp
How does the future projection of the cloud services brokerage market size compare to its historical growth?
The cloud services brokerage market size has grown strongly in recent years. It will grow from $10.34 billion in 2024 to $11.35 billion in 2025 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to rapid adoption of cloud services, complexity in multi-cloud environments, need for seamless integration and interoperability, demand for simplified cloud management, cost optimization and efficiency.
The cloud services brokerage market size is expected to see rapid growth in the next few years. It will grow to $20.4 billion in 2029 at a compound annual growth rate (CAGR) of 15.8%. The growth in the forecast period can be attributed to focus on enhanced customer experience, shift towards self-service and automation, integration of ai and automation, service aggregation and customization trends, emphasis on interoperability and integration. Major trends in the forecast period include hybrid and multi-cloud adoption, demand for simplified cloud management, rise of digital transformation initiatives, focus on cost optimization and efficiency, adoption of brokerage services for governance.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=7037&type=smp
Which key players are shaping the future of the cloud services brokerage market?
Major companies operating in the cloud services brokerage market include Accenture PLC, Capgemini SE, DXC Technology Company, Wipro Limited, The International Business Machines Corporation, International Business Machines Corporation (IBM), VMware Inc., Jamcracker Inc., ActivePlatform LLC, Arrow Electronics Inc., Cloudmore Group AB, iPortalis Ltd., Cognizant Technology Solutions Corporation, InContinuum LLC., Flexera LLC., BitTitan Inc., OpenText Corporation, CloudFX Inc., Proximitum Ltd., Eshgro B. V., NEC Corporation, Amazon. com Inc. (AWS), CloudSME UG, Shivaami Cloud Services Pvt. Ltd., NTT Data Corporation, Infosys Limited, Nephos Technologies Ltd., DoubleHorn LLC, Dell Technologies Inc., Tech Mahindra Limited, RightScale Inc.
What trends will propel the growth and evolution of the cloud services brokerage market?
Cloud Technological innovations are key trends in gaining popularity in the cloud service brokerage market. Major companies operating in the cloud services brokerage market are focused on providing technologically advanced solutions to strengthen their market position. These companies are implementing next-generation cloud services brokerage technologies into their services, such as internet of things (IoT), artificial intelligence (AI), microservices architecture, blockchain, virtualization, service-oriented architecture, multi-cloud, and others to enhance a given service by strengthening some specific competence and providing value-added services. For instance, In January 2024, BeyondTrust announced a significant enhancement to its privileged access management (PAM) offerings with the launch of its Cloud Privilege Broker. This new solution aims to help organizations regain control over their cloud infrastructure by addressing multi-cloud entitlement challenges.
Which regions are expected to become dominant players in the cloud services brokerage market?
North America was the largest region in the cloud services brokerage market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud services brokerage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/cloud-services-brokerage-global-market-report
What are the emerging key segments in the cloud services brokerage market, and how are they evolving?
The cloud services brokerage market covered in this report is segmented –
1) By Service Type: Integration And Support, Automation And Orchestration, Billing And Provisioning, Migration And Customization, Security And Compliance
2) By Platform Type: Internal Brokerage Enablement, External Brokerage Enablement
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Verticals: Banking, Financial Services, And Insurance (BFSI), Telecommunications, Information Technology (IT) And Information Technology Enabled Services (ITeS), Government And Public Sector, Retail And Consumer Goods, Manufacturing, Energy And Utilities, Media And Entertainment, Healthcare And Life Sciences
Subsegments:
1) By Integration And Support: API Integration Services, Cloud Service Integration, Technical Support And Helpdesk
2) By Automation And Orchestration: Workflow Automation, Service Orchestration Tools, Resource Provisioning Automation
3) By Billing And Provisioning: Usage-Based Billing Solutions, Subscription Management, Resource Provisioning Services
4) By Migration And Customization: Cloud Migration Services, Custom Development And Configuration, Data Migration Solutions
5) By Security And Compliance: Security Assessment Services, Compliance Management Solutions, Risk Management Services
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7037
What defines the structure and scope of the cloud services brokerage market?
Cloud services brokerage (CSB) refers to an IT role and business model in which a firm or other entity provides value to one or more cloud services (public or private) on behalf of one or more service users. The primary roles of a cloud services broker include aggregation, integration, and customization brokerage. CSB includes the process of controlling how cloud services are used, performed, and delivered while also negotiating contracts between cloud providers and cloud users.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
