Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
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What Essential Insights Does The Cloud Services Brokerage Market Analysis Reveal?
The global cloud services brokerage market size has witnessed significant growth in recent years, escalating from $10.34 billion in 2024 to $11.35 billion in 2025 at a compound annual growth rate (CAGR) of 9.7%. This surge can be linked to the rapid adoption of cloud services and the complexity of managing multi-cloud environments. Other contributing factors include the necessity for seamless integration and interoperability, demand for simplified cloud management, and the focus on cost optimization and efficiency.
The collected data suggests that the cloud services brokerage market size could experience a swift surge in the coming years, with predictions reaching up to $20.4 billion in 2029 at a CAGR of 15.8%. This expansion in the forecast period is due to a focus on encouraging customer experience, a shift towards self-service and automation, the integration of AI and automation, as well as service aggregation and customization trends. Some more trends in the forecast period include hybrid and multi-cloud adoption, digital transformation initiatives, and the use of brokerage services for governance.
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How Will the Constant Need for Hybrid and Multi-Cloud Strategies Propel The Market Growth?
The cloud service brokerage market will be immensely propelled by the rising demand for hybrid and multi-cloud strategies. Given the advantages these strategies offer—in terms of performance, cost savings, and scalability—more developers are opting for multi-cloud approaches. A testament to these is the Flexera 2021 State of the Cloud Report, which shows that about 92% of businesses have adopted a multi-cloud approach.
What Are the Cloud Services Brokerage Market’s Segments?
The cloud services brokerage market in this report is segmented by:
1) Service Type: Integration And Support, Automation And Orchestration, Billing And Provisioning, Migration And Customization, Security And Compliance
2) Platform Type: Internal Brokerage Enablement, External Brokerage Enablement
3) Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) 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.
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How Are Key Companies Transforming The Cloud Services Brokerage Market Landscape?
The cloud services brokerage market has witnessed advancements from various major companies, which include Accenture PLC, Capgemini SE, DXC Technology Company, Wipro Limited, 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., among others.
What Are Some Emerging Trends in The Cloud Services Brokerage Market?
Cloud technology innovations top the trends list, becoming increasingly popular in the cloud service brokerage market. For instance, in January 2024, BeyondTrust showcased a significant enhancement to its privileged access management (PAM) with the introduction of its Cloud Privilege Broker. The new solution focuses on assisting organizations in regaining control over their cloud infrastructures by attending to multi-cloud entitlement challenges.
What Are The Largest And Fastest-Growing Regions In The Cloud Services Brokerage Market?
In 2024, North America appeared as the largest region in the cloud services brokerage market, with Asia-Pacific being projected as the fastest-growing region in the forecast period. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Cloud Services Brokerage Market Report 2025 Offer?
Cloud services brokerage (CSB) is an IT role and business model where a company or entity adds value to one or more cloud services, either public or private, acting behalf of one or more service users. This involves managing how cloud services are used, delivered, and how contracts between cloud providers and cloud users are negotiated. The Cloud Services Brokerage Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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