Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 11.21 Million |
| USD 51.56 Million | |
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Global Cloud Services Brokerage Market, By Service Type (Operations Management, Catalog Management, Workload Management, Integration, Reporting and Analytics, Security and Compliance, Training and Consulting, Support and Maintenance), Platform (Internal Brokerage Enablement, External Brokerage Enablement), Organization Size (SMEs, Large Enterprises), Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), Industrial 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) – Industry Trends and Forecast to 2030.
Increased need to avoid vendor lock-in is an essential factor driving the cloud services brokerage market. Growing adoption of hybrid cloud and multi-cloud strategies across enterprises of different industry verticals is a crucial factor accelerating the market growth, also increase in the adoption of hybrid IT and multi-cloud management, rising security capabilities and customized costing in private cloud-based services, increasing adoption of digital business strategies and growing adoption of cloud-based solutions by businesses, are the major factors among others boosting the cloud services brokerage market.
Data Bridge Market Research analyses that the global cloud services brokerage market which was USD 11.21 million in 2022, is expected to reach USD 51.56 million by 2030, and is expected to undergo a CAGR of 18.05% during the forecast period of 2023 to 2030. In 2022, large enterprises are dominating the organization size segment owing to increasing demand for modernization and robust cloud based services. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Pricing in USD, Pricing in USD
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Segments Covered
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Service Type (Operations Management, Catalog Management, Workload Management, Integration, Reporting and Analytics, Security and Compliance, Training and Consulting, Support and Maintenance), Platform (Internal Brokerage Enablement, External Brokerage Enablement), Organization Size (SMEs, Large Enterprises), Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), Industrial 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)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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Wipro Limited (India), Cloudmore AB (Sweden), Nephos Technologies (U.K.), IBM Corporation (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Accenture (Ireland), Dell (U.S.), Tech Mahindra Limited (India), Neostratus Zrt. (Hungary), DXC Technology Company (U.S.), ActivePlatform Limited (U.K.), Cognizant (U.S.), Arrow Electronics, Inc. (U.S.), Jamcracker, Inc. (U.S.), InContinuum Software B.V. (Netherlands), FUJITSU (Japan), Atos SE (France), ComputeNext Inc. (U.S.), BitTitan, Inc. (U.S.), RightScale, Inc. (U.S.), DoubleHorn (U.S.), Open Text Corporation (Canada), CloudFX (Singapore), Cloudreach (U.S.) and Proximitum Limited (U.K.)
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Market Opportunities
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Market Definition
Cloud services brokerage is a service provided by third party to the cloud services available to the consumers on their behalf. They act as a broker between the cloud providers and the consumers to the cloud through the help of three major functions namely, aggregation, integration and customization brokerage. These brokerage services are an add-on to the existing services given along with the cloud and are not similar to them.
Drivers
The market for cloud services brokerage (CSB) is likely to benefit from the increasing demand for hybrid cloud solutions. Hybrid cloud combines the advantages of public and private cloud, such as scalability, security, and cost-efficiency. CSB enables customers to integrate, manage, and optimize multiple cloud services from different providers. CSB also offers value-added services such as security, governance, and compliance.
Opportunity
Cloud services brokerage (CSB) is the practice of aggregating, integrating, and customizing multiple cloud services to meet the specific needs of an organization. CSB can help organizations reduce costs, improve performance, and enhance security of their cloud-based applications and data. CSB can also facilitate the migration, management, and governance of cloud services across different providers and platforms. Some of the technological advancements in CSB include artificial intelligence, blockchain, and edge computing, which can enable more efficient, secure, and scalable cloud solutions.
Restraint/Challenge
Cloud services brokerage (CSB) is the practice of aggregating, integrating, and customizing cloud services from multiple providers to meet the needs of customers. CSB faces several regulatory challenges, such as data privacy, security, compliance, and interoperability. These challenges require CSB providers to adhere to various standards and regulations in different jurisdictions, which may increase the complexity and cost of their operations. CSB providers also need to ensure that they have adequate contracts and agreements with both cloud service providers and customers, to protect their rights and liabilities in case of disputes or breaches.
This global cloud services brokerage market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global cloud services brokerage market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
Cloud services brokerage market is segmented on the basis of service type, platform, organization size, deployment model and industry vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Service Type
Platform
Organization Size
Deployment Model
End-User
Cloud services brokerage market is analysed and market size, volume information is provided by service type, platform, organization size, deployment model and industry vertical as referenced above.
The countries covered in the cloud services brokerage market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the cloud services brokerage market due to increasing adoption of digital business strategies, rising adoption of new technologies, rising security capabilities and customized costing in private cloud-based services in this region. Asia-Pacific is expected to have highest CAGR owing to increase in the adoption of hybrid IT and multi-cloud management.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
The cloud services brokerage market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the company's focus related to cloud services brokerage market.
Some of the major players operating in the cloud services brokerage market are:
SKU-
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.