#Cloud Services Brokerage (CSB) Market

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"Cloud Services Brokerage: The Mirage of Market Growth?"

Introduction

The Cloud Services Brokerage (CSB) market has emerged as a crucial intermediary in the ever-evolving cloud computing landscape. As businesses increasingly migrate to the cloud, the need for effective management, integration, and optimization of multi-cloud environments has surged. Cloud Services Brokers serve as a bridge between cloud service providers and enterprises, offering services such as vendor management, cloud integration, security, and cost optimization. This market research report delves into the current state of the CSB market, analyzing key drivers, challenges, opportunities, and future trends that are shaping this dynamic industry.

Market Dynamics

Drivers

Multi-Cloud Adoption: With the growing trend of multi-cloud strategies, businesses are increasingly seeking brokerage services to manage and integrate various cloud platforms. This demand is a significant driver of the CSB market as companies aim to optimize their cloud operations while avoiding vendor lock-in.

Rising Complexity of Cloud Environments: As cloud environments become more complex with diverse services and platforms, the need for brokers to manage these intricacies has risen. CSBs offer specialized expertise to help companies navigate and optimize their cloud usage, fueling market growth.

Cost Optimization: Enterprises are constantly seeking ways to reduce their cloud expenses. CSBs provide tools and strategies for cost management, helping businesses achieve financial efficiency, which in turn drives the demand for brokerage services.

Challenges

Security Concerns: Despite the benefits, security remains a significant concern for businesses using cloud services. Ensuring data security and compliance across multiple cloud platforms is a challenge that CSBs must address, as any security lapse could harm their reputation and market growth.

Market Fragmentation: The CSB market is highly fragmented with numerous small and mid-size players, making it challenging for enterprises to choose the right broker. This fragmentation can also lead to inconsistencies in service quality and pricing.

Integration Complexity: Integrating various cloud services and on-premise systems can be technically complex, requiring significant expertise. The complexity of these integrations is a barrier for some businesses, slowing the adoption of brokerage services.

Opportunities

SME Market Penetration: Small and medium-sized enterprises (SMEs) are increasingly adopting cloud services but often lack the expertise to manage them effectively. CSBs can tap into this growing market by offering tailored solutions that cater to the specific needs of SMEs.

Focus on Hybrid Cloud Solutions: As more businesses adopt hybrid cloud environments, the demand for brokers who can effectively manage the interplay between on-premise and cloud-based systems is on the rise. CSBs that specialize in hybrid solutions have a significant growth opportunity.

Emerging Markets: The rapid digitization of emerging markets presents an opportunity for CSBs to expand their reach. By offering localized solutions that address the unique challenges of these regions, brokers can establish a strong foothold in untapped markets.

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Regional Analysis

The Cloud Services Brokerage market is witnessing diverse growth patterns across various regions:

North America: The North American market holds a significant share due to the advanced adoption of cloud technologies and the presence of large enterprises. The region's mature IT infrastructure and high demand for multi-cloud management are key growth factors.

Europe: Europe is another strong market, driven by stringent data protection regulations and a growing focus on cloud security. The region's emphasis on GDPR compliance has increased the demand for CSBs that offer robust security solutions.

Asia-Pacific: The Asia-Pacific region is experiencing rapid growth in cloud adoption, particularly in countries like China, India, and Japan. The rising number of SMEs and the push for digital transformation are propelling the demand for CSB services.

Latin America and Middle East & Africa: These regions are still in the early stages of cloud adoption but are showing promising growth potential. The increasing availability of high-speed internet and government initiatives to promote digitalization are likely to boost the CSB market in these areas.

Market Segmentation

The Cloud Services Brokerage market can be segmented based on service type, deployment model, organization size, and end-user industry:

By Service Type:

Integration and Orchestration Services

Vendor Management

Security and Compliance

Cost Management

By Deployment Model:

Public Cloud

Private Cloud

Hybrid Cloud

By Organization Size:

Large Enterprises

Small and Medium Enterprises (SMEs)

By End-User Industry:

BFSI

Healthcare

IT & Telecom

Retail

Government

Others

Competitive Landscape

Market Share of Large Players

Large players in the Cloud Services Brokerage market, such as IBM, Accenture, and AWS, hold a significant share due to their established presence, comprehensive service offerings, and strong customer bases. These companies have leveraged their existing infrastructure and expertise to dominate the market, often setting industry standards.

Price Control

Big players have considerable influence over pricing, especially in the enterprise segment. Their ability to bundle services and offer end-to-end solutions gives them an edge in pricing power. However, this does not completely stifle competition, as smaller players often compete on flexibility and specialized services.

Domestic Competition

Small and mid-size companies are increasingly challenging large players, particularly in domestic markets. These companies often focus on niche services or cater to specific industries, allowing them to carve out a market share despite the dominance of larger firms. Their agility and ability to offer customized solutions are key differentiators.

Key Players

IBM Corporation

Accenture PLC

Amazon Web Services (AWS)

Dell Technologies

DXC Technology

RightScale (Flexera)

Jamcracker Inc.

Nephos Technologies

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Future Outlook

Does New Product Development Really Help Companies?

New product development is critical for companies in the CSB market to stay competitive and meet evolving customer needs. Continuous innovation allows brokers to offer enhanced services, such as AI-driven cost optimization and advanced security features, which can attract new customers and retain existing ones. However, the success of new products largely depends on their alignment with market demand and their ability to integrate seamlessly with existing cloud environments.

Do Sustainable Products Hold Strong in Customers' Minds?

Sustainability is becoming increasingly important for customers, particularly in regions with strong environmental regulations. Cloud Services Brokers that offer sustainable and energy-efficient solutions are likely to appeal to a growing segment of environmentally conscious businesses. These companies not only meet regulatory requirements but also align with corporate social responsibility (CSR) goals, which can be a significant factor in customer decision-making.

Conclusion

The Cloud Services Brokerage market is poised for significant growth, driven by the increasing complexity of cloud environments and the demand for multi-cloud management solutions. While the market faces challenges such as security concerns and fragmentation, the opportunities, particularly in emerging markets and hybrid cloud solutions, are substantial. As the market evolves, companies that focus on innovation, sustainability, and customer-specific solutions are likely to lead the way. The competitive landscape remains dynamic, with large players holding significant market power but facing increasing competition from smaller, agile companies. Looking ahead, the success of CSBs will depend on their ability to adapt to changing market conditions and continue delivering value to their clients.

[sarena1995]

Cloud Services Brokerage Market is Expected to Reach US$ 15.0 billion by 2027 | Credence Research

The latest market report published by Credence Research, Inc. The cloud services brokerage market is expected to be worth US$ 15.0 billion by 2027, up from US$ 6.2 billion in 2020. During the forecast period, the market is expected to grow at a CAGR of 13.4%.

As businesses navigate the expansive realm of cloud computing, many are realizing that managing multiple cloud services can be both complex and time-consuming. This realization has led to the rapid emergence of the Cloud Services Brokerage (CSB) market, which simplifies the deployment, integration, and management of cloud services. CSBs are essentially intermediaries that help organizations adopt and manage cloud services more effectively, driving efficiency and enhancing performance.

With the proliferation of diverse cloud services, from Infrastructure-as-a-Service (IaaS) to Software-as-a-Service (SaaS), companies often find themselves juggling multiple platforms and vendors. This is where CSBs come into play. They offer a centralized point of governance, ensuring seamless integration, cost optimization, and consistent performance across various cloud services.

According to Gartner, the CSB market is poised to grow at an impressive rate, with projections indicating that more than 60% of large enterprises will be using some form of cloud services brokerage by 2025.

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[market-insider]

System Integration Market 2022 | IT & Telecom Segment Expected To Witness Significant Growth

The global system integration market size is expected to reach 955.21 billion by 2030, expanding at a CAGR of 13.2% from 2022 to 2030,according to a recent report by Grand View Research, Inc.,. The rising inclination towards cloud computing, demand for virtualization, and demand for low-cost and energy-efficient production processes are key factors that have positively influenced the industry growth. Automation technologies such as robotics and additive manufacturing (3D printing) can transform work patterns in both developed and emerging economies. Furthermore, due to high demand for these solutions, industries have realized the importance of modernizing the existing production facility. These factors are expected to propel the industry growth in the near future.

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Surging adoption of cloud computing and numerous developments in virtual technologies is projected to trigger the adoption of system integration solutions. Technological advancements, such as Cloud Service Brokerage (CSB), Building Energy Management Systems (BEMS), Cyber-Physical System (CPS), and clinical integration is anticipated to offer new opportunities for market growth. For instance, in August 2021, the government of UAE funded various projects, such as Smart Abu Dhabi and Smart Dubai, aimed at bringing digital transformation and accelerating economic growth. This strategy aimed at providing better digital infrastructure and raise the levels of digital capabilities and skills.

Several key market players are focusing on mergers, acquisitions, and collaborations to enhance their market presence. With this, it will record an increase in operational efficiency and revenue generation. For instance, in February 2020, Trianz announced a partnership with ServiceNow, a software-based company that develops a cloud computing platform to help companies manage digital workflows for enterprise operations. With this partnership, Trianz aims at integrating a ServiceNow product line into its business model and provide strategic consulting and implementation services with advanced automation capabilities that align with the clients’ digital transformation strategy. These strategic partnerships are expected to be focused on developing system integration services solutions, such as tools, platforms, and consulting services.

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Cloud Services Brokerage Market Size, Share and Global Market Forecast to 2025 | COVID-19 Impact Analysis : MarketsandMarkets

According to new market research report "Cloud Services Brokerage Market by Service Type (Integration & Support, Migration & Customization, and Automation & Orchestration), Platform, Deployment Model, Organization Size, Vertical, and Region, - Global Forecast to 2025", published by MarketsandMarkets™, the Cloud Services Brokerage Market size is expected to grow from USD 5.9 billion in 2020 to USD 12.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.8% during the forecast period. The flexibility and agility of cloud-based models would support the IT service needs of enterprises.

 The leading CSPs/hyper scalers—Microsoft, IBM, and AWS—are expected to increase their CAPEX primarily for data center expansion to support the increasing workload for their internal and external stakeholders. The increasing volume of data generation in websites and mobile apps, rising focus on delivering customer-centric applications for driving customer satisfaction, and growing need to control and reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) are a few factors driving the growth of the emerging technologies. The emerging technologies, such as big data, Artificial Intelligence (AI), and Machine Learning (ML), are gaining traction, which is ultimately leading to the growth of the Cloud Services Brokerage Market globally.

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234 – Tables

48 - Figures

222 - Pages

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The sudden shutdown of offices, schools, colleges, and physical retail stores has massively disrupted operations; this has led to an increase in the demand for digital workplace tools and services, such as Zoom, Slack, Blackboard, Lynda, Canvas, Google Classroom, AnyMeeting, and Moodle. AWS, Microsoft, and Google host and manage all applications in a public cloud environment. Increased spend on cloud services by select industries due to COVID-19. Industries such as IT and ITeS, telecom, online retail/commerce, media, and BFSI, are expected to increase spending on cloud-based services to sustain their business. Highly regulated and cash-rich industries, such as BFSI, are also expected to move selective workloads to public cloud environments.

The market is expected to be driven by the need of cloud migration and customization

Cloud migration services have gained popularity as enterprises across the globe continue to migrate workloads from on-premises infrastructure to cloud environments for better operational efficiency and cost savings. The demand for cloud services has surged in recent times due to COVID-19, and many enterprises across the regions have shifted enterprise workloads on cloud environment. Therefore, CSB vendors specializing in migration and customization services are in high demand. Cloud brokers offer customization services to the customers as per business needs, which provides better-bundled offerings facilitating higher returns on cloud investments.

 Increased security capabilities and customized costing in private cloud-based services is driving the adoption of private cloud-based deployment

A private cloud is a computing model that offers a proprietary environment dedicated to a single business entity. A private cloud provides extended and virtualized computing resources. This deployment model enables a company to have better control over its data and reduce risks, such as data loss and issues related to regulatory compliance. The private cloud is used in banking and financial institutions, large enterprises, and government organizations, where only authorized users can access the system. The acceptance of private cloud deployments for enterprises with compliance concerns is due to its security and control benefits. Service providers offering hosted private cloud address significant essentials of compliance with regulations, such as HIPAA and PCI. Some of the popular private cloud providers are VMware, DXC, Dell EMC, Oracle, IBM, and Microsoft.

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North America to dominate the global Cloud Services Brokerage Market in 2020

North America has been continued to dominate the CSB market in terms of revenue and is expected to have the largest market size among regions in the CSB market as the organizations are shifting toward cloud-based solutions and services with the increasing adoption of digital business strategies. This trend is expected to continue during the forecast period. North America is a mature market due to the presence of various players offering CSB. Enterprises are increasing their budgets to accommodate CSB, which is favoring the growth of the Cloud Services Brokerage Market in North America. The US and Canada are the top countries in North America, which contribute to the CSB market. The US, being a major economy, holds a significant market share due to the country’s technological advancements and the inclination toward innovation and the adoption of new technologies. Organizations have invested substantially in advanced technologies to gain a competitive advantage and increase business productivity. The Cloud Services Brokerage Market is expected to grow steadily as enterprises are adopting cloud-based solutions and services at various levels as a part of their strategy to sustain themselves in the market and achieve improved business functioning.

The Cloud Services Brokerage Market includes major vendors, such as Accenture (Ireland), IBM (US), VMware (US), Jamcracker (US), ActivePlatform (Belarus), Arrow Electronics (US), Cloudmore (Sweden), Wipro (India), DXC Technology (US), iPortalis (UK), Cognizant  (US), InContinuum (Netherlands), Flexera (US), BitTitan (US), OpenText (Canada), CloudFX (Singapore), Proximitum (UK), Eshgro (Netherlands), NEC (Japan), AWS (US), CloudSME (Germany), Shivaami (India), NTT Data (US), Infosys (India), TCS (India), Pax8 (US), Oracle (US), Fujitsu (Japan), Microsoft (US), Capgemini (France), and Doublehorn (US).

The major players have implemented various growth strategies to expand their global presence and increase their market shares. Key players such as Accenture, IBM, VMware, Jamcracker, and ActivePlatform have majorly adopted many growth strategies, such as new product launches, acquisitions, and partnerships, to expand their product portfolios and grow further in the CSB market.

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[wiseguy-reports]

Cloud services brokerage (CSB) is an IT role and business model in which a company or other entity adds value to one or more (public or private) cloud services on behalf of one or more consumers of that service via three primary roles including aggregation, integration and customization brokerage. A CSB enabler provides technology to implement CSB, and a CSB provider offers combined technology, people and methodologies to implement and manage CSB-related projects.

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Cloud Service Brokerage (CSB) Helps to Reduce Business Complexities

It helps reduce business complexities through managing, integrating, orchestrating, and controlling multi-cloud environments on a centralized platform. Read More @ http://bit.ly/2Owhtig

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Cloud Services Brokerage Market Outstanding Growth, Current Trends, and Future Growth Study

Cloud Services Brokerage Market Outstanding Growth, Current Trends, and Future Growth Study

Market Overview  Market Research Future (MRFR) reveals in its latest study that the cloud services brokerage (CSB) market 2020 can advance at a rate of 16.4% from 2020 to 2027 (review period). The study also confirms that the market can expand to a size of USD 14.83 billion by 2027. We will provide covid-19 impact analysis with the report, offering an extensive market evaluation post the…

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Cloud Services Brokerage Market Size Worth $17.2 Billion By 2025 | Grand View Research, Inc.

The global cloud services brokerage market size is estimated to reach USD 17.2 billion by 2025, according to a new study by Grand View Research, Inc. It is projected to expand at a CAGR of 17.3% during the forecast period. Cloud Service Brokerage (CSB) is a business model that helps plan and manage IT resources across all cloud models from numerous vendors whilst reducing compliance risk and total IT costs. It helps reduce business complexities through managing, integrating, orchestrating, and controlling multi-cloud environments on a centralized platform. 

Additionally, enterprises can provide several cloud-based services from a single point of access, including administration, billing, and support, to their partners and customers. The significant rise in adoption of multi-cloud platforms to cater to the needs of various clients, vendors, and technology partners is likely to remain the key factor driving growth of the global cloud services brokerage market over the forecast period.

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Cloud service brokers help manage services implemented on hybrid clouds and integrate these platforms with the systems and cloud-based applications deployed at consumer’s premises. The aim is to make services more secure and specific to the company. With the increasing use of cloud services for both B2B processes and back-office systems, integration and coordination of a high order is needed. Moreover, the rise of outsourcing of interdependent business processes to multi-cloud vendors makes business processes highly complex. This is likely to result in increased adoption of CSB solutions over the forecast period.

Rapid growth in demand for hybrid IT solutions across large enterprises coupled with growing need for storage and effective management of large volumes of enterprise data, is expected to lead the market toward a remarkable growth path over the forecast period. Furthermore, the rapid migration of Small and Medium Enterprises (SMEs) on cloud platforms - to reduce infrastructure costs and improve the ease of data accessibility -  is expected to lead to high demand for cloud service brokerage solutions and services.

Besides, rapidly increasing numbers of digital payment vendors and rising government initiatives aimed at the promotion of digital banking technologies are likely to foster growth of the cloud service brokerage market over the forecast period. Key market players focus on mergers and acquisitions to expand their service portfolios, customer base, and regional presence. However, the lack of awareness about the benefits of CSB solutions, coupled with the rising concerns related to cybersecurity among consumers, may hinder the growth over the forecast period.

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Cloud Services Brokerage Market Analysis, Segments, Key Players, Drivers, Trends, and Forecast 2017– 2027

Cloud Services Brokerage Market Overview:

According to Market Research Future, the global cloud service brokerage market has been segmented based on service, platform, organization size, deployment, vertical, and region/country.

 The cloud computing activities of a Cloud Services Brokerage Market are acquisition and assessment of customers, assessment of the marketplace, and setting up a legal agreement between the cloud technology provider and its customers. Enterprises are able to reduce the operational cost incurred by the enterprise by adopting CSB solutions and services. The major factor boosting market growth is the increasing adoption of hybrid IT and multi-cloud management. The strategic shift of enterprises towards cloud service brokerage due to the increasing need for an agile and performance-oriented solution is also driving the market growth.

 The increasing adoption of cloud-based services and the rapid digital transformation of organizations in major economies offer lucrative opportunities for cloud service brokerage service providers in the market. The regulatory compliance issues are a matter of concern and act as a restraint to this market.

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 Major Key Players:

The key players in the global cloud service brokerage market are Arrow Electronics (US), BitTitan (US), CloudFX (Singapore), NEC Corporation (Japan) and Wipro (India), DXC Technology (US), Fujitsu (Japan), IBM Corporation (US), Infosys (India), ActivePlatform (US), Accenture (Ireland), Atos (France), BT (UK), Capgemini (France), and Cognizant (US). The key strategies adopted by most of the players are partnerships, agreements, collaborations, and the launch of services and platforms.

 Segmentations:

·         By service, the global cloud service brokerage market has been divided into security and compliance, training and consulting, support and maintenance, workload management, operations management, reporting and analytics, and catalog management. The workload management segment is expected to grow at the highest CAGR during the forecast period. This is because migration of workloads is a challenging task for the organizations, and the cloud service brokers help in addressing this challenge by offering workload management services.

·         By platform, the global cloud service brokerage market has been divided into internal brokerage enablement and external brokerage enablement. The external brokerage enablement segment is expected to register the higher CAGR as it offers multi-tenant cloud delivery and management platform.

·         Based on organization size, the market has been segmented into large enterprise and small- and medium-sized enterprise (SME). The large enterprise segment is expected to have a greater market size during the review period. SMEs are expected to register the higher CAGR.

·         By deployment model, the global cloud service brokerage market has been divided into public cloud, private cloud and hybrid cloud. The hybrid cloud segment is expected to exhibit the higher CAGR during the forecast period.

·         On the basis of vertical, the global cloud service brokerage market has been divided into IT and telecommunication, banking, financial services, and insurance (BFSI), healthcare and life sciences, government and public sector, retail and consumer goods, energy and utilities, manufacturing, media and entertainment and others. The IT and telecom vertical is expected to be the largest segment and is expected to register the highest CAGR during the forecast period.

·         By region, the global cloud service brokerage market has been segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America.

 Regional Analysis:

The global cloud service brokerage market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America is expected to be the largest market as it is the most technologically advanced region and also the cloud adoption is high in this region. Also, the maximum number of leading market players are based in the US, which is expected to contribute to the market.

 Table of Contents

1. Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Cloud Service Brokerage Market, By Service

1.1.2. Global Cloud Service Brokerage Market, By Deployment

1.1.3. Global Cloud Service Brokerage Market, By Organization Size

1.1.4. Global Cloud Service Brokerage Market, By Platform

1.1.5. Global Cloud Service Brokerage Market, By Vertical

1.1.6. Cloud Service Brokerage Market, By Region

2. Market Introduction

2.1. Definition

2.2. Scope of The Study

2.3. Market Structure

Continued…

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 List of Tables

Table 1 List of Assumptions

Table 2 Global Cloud Services Brokerage Market, By Service, 2018–2024 (Usd Million)

Table 3 Global Cloud Services Brokerage Market, By Deployment, 2018–2024 (Usd Million)

Table 4 Global Cloud Services Brokerage Market, By Organization Size, 2018–2024 (Usd Million)

Table 5 Global Cloud Services Brokerage Market, By Platform, 2018–2024 (Usd Million)

Continued…

 List of Figures

Figure 1 Market Synopsis

Figure 2 Research Process of Mrfr

Figure 3 Top Down & Bottom Up Approach

Figure 4 Global Cloud Services Brokerage Market, By Service, 2018–2024 (Usd Million)

Figure 5 Global Cloud Services Brokerage Market, By Deployment, 2018–2024 (Usd Million)

Continued…

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Cloud Services Brokerage Market Size Outlook, Share Value, Global Growth Drivers and Industry Forecast to 2027

Market Overview

Market Research Future (MRFR) reveals in its latest study that the cloud services brokerage market 2020 can advance at a rate of 16.4% from 2019 to 2024 (review period). The study also confirms that the market can expand to a size of USD 14.83 billion by 2024. We will provide covid-19 impact analysis with the report, offering an extensive market evaluation post the coronavirus disease outbreak.

Key Drivers and Top Barriers

The novel coronavirus has compelled a huge number of IT enterprises to take up the work from home model after the imposition of the lockdown across nations. The situation has boosted the demand for cloud services across the world; with digital tool providers such as Zoom and Microsoft observing significant uptick in the deployment across Italy, the US and China due to the SARS-CoV-2 outbreak. As a result, experts believe that the demand for cloud services as well as the expenditure on communications equipment, telecom services and specialized software can boom during these uncertain times. The pandemic has also led to higher spending on those working remotely along with the educators with the surge in the work from home model and online courses trending across the education industry.

With the dearth in on-site IT professionals due to the lockdown, companies are progressively adopting cloud capabilities to maintain, monitor and check their storage and server installations within the data centers. Therefore, the COVID-19 has enhanced the use of cloud services to facilitate disaster-averse and stronger systems that are accessible to the remote workforce while safeguarding the data integrity. In a nutshell, the surge in the deployment of multi-cloud management and hybrid IT can be a major booster in the cloud services brokerage market. Also, following the COVID-19 impact on the IT sector, the increasing requirement for cost-effective and better quality brokerage solutions can benefit the worldwide market.

Most of the leading competitors prefer product development and partnerships to solidify their market position, while catering to the companies across different verticals. To illustrate, in June 2020, Trustology, a Crypto custody solutions provider entered a partnership with GCEX, an OTC broker to develop a secure and reliant liquidity network for digital asset trading, to meet with the demands of their client base that includes high-net-worth professionals, brokers and institutional investors. The partnership is expected to enable the clients to finish various transactions quickly, but with better security.

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Market Segmentation

The Cloud Services Broker Market has been considered for service, platform, organization size, deployment and vertical.

The services-based sections are training and consulting, security and compliance, workload management, support and maintenance, reporting and analytics, catalog management and operations management.

The platforms studied in the report are external brokerage enablement as well as internal brokerage enablement.

The ranges of the organization size covered in the market study include small- and medium-sized enterprise/SME along with large enterprise.

The deployment models examined in the research are private cloud, hybrid cloud and public cloud.

The vertical-dependent market segmentation comprises BFSI/banking, financial services, and insurance, media and entertainment, manufacturing, healthcare and life sciences, energy and utilities, retail and consumer goods, government and public sector, IT and telecommunication, and more.

Regional Insight

The geographical dissection of the CSB market covers South America, Europe, North America, APAC/Asia Pacific and the Middle East and Africa/MEA.

MRFR’s evaluations confirm that North America is the highest revenue generating market, as a result of the increasing adoption of CSB solutions among enterprises in line with the rising use of multi-cloud and hybrid IT management solutions. The regional market is headed by the US, given the country’s lead in the technological world as well as the high prevalence of the cloud technology. Also, the surge in mobile workforce post COVID-19 outbreak along with the mounting demand for disaster security and recovery to prevent high costs related to network downtime can boost the uptake of cloud managed services and ultimately cloud services brokerage solutions in the region.

Europe can be the second biggest gainer in the global market, thanks to the high demand for Software-as-a-Service (SaaS), Platform as a Service (PaaS), Infrastructure-as-a-Service (IaaS), and pay-as-you-go pricing model.

The APAC market is presumed to attain the fastest expansion rate in the ensuing years, mostly due to the escalating number of IT start-ups in India and China. Also, with the accelerated consumption of cloud-based services and solutions, the regional market can demonstrate strong growth over the next few years. The vast investments on the development of the telecom infrastructure and the focus on offering better bandwidth to the consumers also induces growth of the cloud services brokerage market in the region.

Top Contenders

Some of the top contenders in the cloud services brokerage industry include Atos (France), NEC Corporation (Japan), BT (UK), Infosys (India), Arrow Electronics (US), IBM Corporation (US), ActivePlatform (US), Wipro (India), DXC Technology (US), CloudFX (Singapore), Fujitsu (Japan), Cognizant (US), BitTitan (US), Accenture (Ireland), Capgemini (France), and more.

Some more competitors in the global industry are identified as Progressive Infotech (India), Neostratus Zrt (Hungary), CLOUDREACH (UK), Pax8 (US), Tech Mahindra (India), Proximitum (UK), NTT DATA (Japan), to name a few.

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Table Of Contents

1. EXECUTIVE SUMMARY

1.1. Market Attractiveness Analysis

1.1.1. Global Cloud Service Brokerage Market, By Service

1.1.2. Global Cloud Service Brokerage Market, By Deployment

1.1.3. Global Cloud Service Brokerage Market, By Organization Size

1.1.4. Global Cloud Service Brokerage Market, By Platform

1.1.5. Global Cloud Service Brokerage Market, By Vertical

1.1.6. Cloud Service Brokerage Market, By Region

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope Of The Study

2.3. Market Structure

3. RESEARCH METHODOLOGY

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List Of Assumptions

….

14. COMPANY PROFILES

14.1. Accenture

14.1.1. Company Overview

14.1.2. Financial Overview

14.1.3. Products Offerings

14.1.4. Key Developments

14.1.5. SWOT Analysis

14.1.6. Key Strategies

14.2. Atos

14.2.1. Company Overview

14.2.2. Financial Overview

14.2.3. Products Offerings

14.2.4. Key Developments

14.2.5. SWOT Analysis

14.2.6. Key Strategies

14.3. BT

14.3.1. Company Overview

14.3.2. Financial Overview

14.3.3. Products Offerings

14.3.4. Key Developments

14.3.5. SWOT Analysis

14.3.6. Key Strategies

14.4. Capgemini

14.4.1. Company Overview

14.4.2. Financial Overview

14.4.3. Products Offerings

14.4.4. Key Developments

14.4.5. SWOT Analysis

14.4.6. Key Strategies

14.5. Cognizant

14.5.1. Company Overview

14.5.2. Financial Overview

14.5.3. Products Offerings

14.5.4. Key Developments

14.5.5. SWOT Analysis

14.5.6. Key Strategies

14.6. DXC Technology

14.6.1. Company Overview

14.6.2. Financial Overview

14.6.3. Products Offerings

14.6.4. Key Developments

14.6.5. SWOT Analysis

14.6.6. Key Strategies

14.7. Fujitsu

….

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Cloud Services Brokerage Market Dynamics, Key Players, Outlook and Segmentation | Forecast to 2027

SUMMERY:

Market Research Future published a research report on “Cloud Services Brokerage Market Research Report- Global Forecast 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Market Highlights:

According to Market Research Future, the global cloud service brokerage market has been segmented based on service, platform, organization size, deployment, vertical, and region/country.

 The cloud computing activities of a cloud service broker are acquisition and assessment of customers, assessment of the marketplace, and setting up a legal agreement between the cloud technology provider and its customers. Enterprises are able to reduce the operational cost incurred by the enterprise by adopting CSB solutions and services. The major factor boosting market growth is the increasing adoption of hybrid IT and multi-cloud management. The strategic shift of enterprises towards cloud service brokerage due to the increasing need for an agile and performance-oriented solution is also driving the market growth. The increasing adoption of cloud-based services and the rapid digital transformation of organizations in major economies offer lucrative opportunities for cloud service brokerage service providers in the market. The regulatory compliance issues are a matter of concern and act as a restraint to this market.

 By service, the global cloud service brokerage market has been divided into security and compliance, training and consulting, support and maintenance, workload management, operations management, reporting and analytics, and catalog management. The workload management segment is expected to grow at the highest CAGR during the forecast period. This is because migration of workloads is a challenging task for the organizations, and the cloud service brokers help in addressing this challenge by offering workload management services.

 By platform, the global cloud service brokerage market has been divided into internal brokerage enablement and external brokerage enablement. The external brokerage enablement segment is expected to register the higher CAGR as it offers multi-tenant cloud delivery and management platform.

 Based on organization size, the market has been segmented into large enterprise and small- and medium-sized enterprise (SME). The large enterprise segment is expected to have a greater market size during the review period. SMEs are expected to register the higher CAGR.

 By deployment model, the global cloud service brokerage market has been divided into public cloud, private cloud and hybrid cloud. The hybrid cloud segment is expected to exhibit the higher CAGR during the forecast period.

 On the basis of vertical, the global cloud service brokerage market has been divided into IT and telecommunication, banking, financial services, and insurance (BFSI), healthcare and life sciences, government and public sector, retail and consumer goods, energy and utilities, manufacturing, media and entertainment and others. The IT and telecom vertical is expected to be the largest segment and is expected to register the highest CAGR during the forecast period.

 By region, the global cloud service brokerage market has been segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America.

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Key Players

The key players in the global cloud service brokerage market are Arrow Electronics (US), BitTitan (US), CloudFX (Singapore), NEC Corporation (Japan) and Wipro (India), DXC Technology (US), Fujitsu (Japan), IBM Corporation (US), Infosys (India), ActivePlatform (US), Accenture (Ireland), Atos (France), BT (UK), Capgemini (France), and Cognizant (US). The key strategies adopted by most of the players are partnerships, agreements, collaborations, and the launch of services and platforms.

 Regional Analysis

The global cloud service brokerage market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America is expected to be the largest market as it is the most technologically advanced region and also the cloud adoption is high in this region. Also, the maximum number of leading market players are based in the US, which is expected to contribute to the market.

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 About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

 Contact:

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Office No. 524/528, Amanora Chambers

Magarpatta Road, Hadapsar

Pune - 411028

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Email: sales@marketresearchfuture.com

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Cloud Services Brokerage Market Research Report - Global Forecast till 2024

Cloud Services Brokerage Market Research Report - Global Forecast till 2024

                                                                                                         Market Synopsis

The global cloud services brokerage (CSB) market is expected to register a CAGR of 16.4% during the forecast period to reach USD 14.83 billion by 2024.

An increasing number of enterprises are adopting cloud technology. The IT teams of the companies are required to perform the role of  enabling the enterprise’s use of cloud services. Cloud services brokerage is an IT role and business model in which an enterprise adds value to one or more (public or private) cloud services via three primary roles—aggregation, integration, and customization brokerage. A cloud service broker offers a package of technology, people, and methodologies to implement and manage CSB-related projects. The IT companies and service providers are able to unify the private and public cloud environment for their employees, customers and through their channels. Thus, the increase in the adoption of hybrid IT and multi-cloud management is a factor which drives the growth of this market. Along with this, the need for performance-oriented and cost-effective brokerage solutions is another driving factor for this market. However, the issues related to regulatory compliances are expected to limit market growth during the forecast period. Growing adoption of CSB in the small and medium enterprise (SME) across verticals offers lucrative opportunities to the key providers of CSB in the global market. Furthermore, the lack of awareness regarding CSB services and platforms is expected to be a challenge for the growth of the market.

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Key Players

The key players in the global cloud services brokerage market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include Accenture (Ireland), Atos (France), BT (UK), Capgemini (France), Cognizant (US), DXC Technology (US), Fujitsu (Japan), IBM Corporation (US), Infosys (India), ActivePlatform (US), Arrow Electronics (US), BitTitan (US), CloudFX (Singapore), NEC Corporation (Japan) and Wipro (India).The key strategies adopted by most of the players are partnerships, agreements, and collaborations.

The other players in the global cloud services brokerage market include NTT DATA (Japan), Pax8 (US), Progressive Infotech (India), Tech Mahindra (India), Proximitum (UK), Neostratus Zrt (Hungary), and CLOUDREACH (UK).

Segmentation

The global CSB market has been segmented based on service, platform, organization size, deployment, vertical, and region/country.

By service, the global CSB market has been divided into security and compliance, training and consulting, support and maintenance, workload management, operations management, reporting and analytics, and catalog management.

By platform, the global CSB market has been divided into internal brokerage enablement and external brokerage enablement.

Based on organization size, the global CSB market has been divided into small- and medium-sized enterprise (SME) and large enterprise.

By deployment model, the global CSB market has been divided into public cloud, private cloud, and hybrid cloud.

On the basis of vertical, the global CSB market has been divided into IT and telecommunication, banking, financial services, and insurance (BFSI), healthcare and life sciences, government and public sector, retail and consumer goods, energy and utilities, manufacturing, media and entertainment, and others.

The global CSB market has been analyzed for four regions—North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.

Regional Analysis

The global CSB market is estimated to grow at a CAGR of 16.4% during the forecast period from 2019 to 2024. The geographic analysis of the global CSB market has been conducted for North America, Europe, Asia-Pacific, Middle East and Africa and South America.

North America accounted for the highest market share, owing to the strategic shift of enterprises adopting CSB solutions due to the increasing adoption of hybrid IT and multi-cloud management solutions. The US leads the market in North America as it is the most technologically advanced country and also it has a high adoption of cloud technology. Various initiatives are taken by key players in the form of partnerships with different technology players for product enhancement.

Europe is expected to be the second-largest market during the review period due to the rising need among enterprises to reduce the enterprise cost while maintaining the performance of the enterprise. These platforms and services offer improved agility and performance and manage and deliver multi-cloud services. Asia-Pacific is anticipated to be the fastest growing market in the global CSB market during the forecast period. The rise in the adoption of CSB services among SMEs and the growing adoption of cloud-based solutions are the key drivers for the growth of the market in Asia-Pacific.

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 About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR),Half-Cooked Research Reports (HCRR), Raw Research Reports (3R),Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:    

Market Research Future

Office No. 524/528, Amanora Chambers

Magarpatta Road, Hadapsar

Pune – 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com