Cloud Services Brokerage Market

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Cloud Services Brokerage Market

Cloud Services Brokerage Market is expected to reach US$ 15.01 Bn by 2026 at a CAGR of 17.2% during the forecast period. Cloud service brokers act as the middlemen or the link between cloud consumers and service providers. These are organizations that assist the users by selecting the appropriate services which meet their requirements on a long-term basis. The global cloud service brokerage market has been facing high demand owing to the relentless uptake of cloud services by several industrial verticals. The difficulty in handling end-to-end personalization of software and services, difficulty in regulatory compliance issues and application portability are some of the factors expected to hinder the growth of the market. The increasing adoption of cloud technology by the organization's inclination toward SaaS-based offerings and Small and Medium Enterprises (SMEs) are some of the major driving factors expected to propel the growth of the market around the world. Cloud services brokerage market Cloud Services Brokerage market is segmented by service type, platform, deployment model, organization size, vertical, and region. Among the platform segment, the internal brokerage enablement is expected to have the largest market share during the forecast period. The increasing employee demands for a single point of access to all cloud services, ranging from internally operated virtualized infrastructure and application services to externally provided cloud services such as Software as a Service (SaaS), is a driving factor for the internal brokerage enablement segment. A rapidly growing demand for hybrid Information Technology (IT) deployment models and unified security is driving the CSB market. However, the external brokerage enablement segment is expected to reach at the highest CAGR during the forecast period. In case of organization size, the SMEs segment is likely to reach at a higher CAGR during the forecast period, as SMEs require better methods to solve the complexities of cost optimization of their business processes and face greater resource crunch than larger enterprises. Cloud services have become a central part of the business processes in SMEs, due to ease of use, cost efficiency, and the flexibility offered. The CSBs enable SMEs to have a strict control of their service provisioning and cloud needs. This is expected to boost the demand for cloud services brokerage over the future. While using service type segment, operations management service type is expected to have large market size during the forecast period, owing to rising need to and improving customer onboarding that can be used by businesses to make informed decisions when it comes to understand the financial processes, to identify anomalies in the revenue cycle, and improving customer interactions. Furthermore, the workload management segment is expected to reach at the highest CAGR during the forecast period. The region segment is divided into North America, Europe, APAC, and LAMEA. North America is expected to have a large market share during the forecast period, due to the growing trends and increased cloud enablement activities cloud marketplaces. North America is the most advanced region in terms of technology adoption and infrastructure. Furthermore, the APAC is expected to grow at the highest CAGR during the forecast period. Key Players Profiled and Analysed in the Report HPE, RightScale, Dell, Wipro, Arrow Electronics, active platform, Cloudmore, InContinuum, DXC Technology etc.

Scope of the Cloud Services Brokerage Market report:

Cloud service brokerage market by Service Type

• Operations Management • Catalog Management • Workload Management • Integration • Reporting and Analytics • Security and Compliance • Training and Consulting • Support and Maintenance

Cloud service brokerage market by Platform

• Internal Brokerage Enablement • External Brokerage Enablement

Cloud service brokerage market by Deployment Model

 Public cloud  Private cloud  Hybrid cloud

Cloud service brokerage market by Organization Size:

• Small and Medium-sized Enterprises (SMEs) • Large enterprises

Cloud service brokerage market by Vertical:

• BFSI • Healthcare and Life Sciences • IT and Telecommunications • Retail and Consumer Goods • Manufacturing • Government and Public Sector • Media and Entertainment • Energy and Utilities • Others (Education and Transportation & Logistics)

Cloud service brokerage market by Region:

• North America • APAC • LAMEA • Europe

Key Players of Cloud Service Brokerage Market

• DoubleHorn • Jamcracker • IBM • HPE • RightScale • Dell • Wipro • Arrow Electronics • ActivePlatform • Cloudmore • InContinuum • DXC Technology • Cognizant • BitTitan • Nephos Technologies • OpenText • ComputeNext • CloudFX • Fujitsu • Tech Mahindra • Atos • Cloudreach • Neostratus • Proximitum

About Company Information-

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

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