According to the latest report by IMARC Group, titled, “Cloud Services Brokerage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global cloud services brokerage market share, size, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the cloud services brokerage market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 10.11 Billion |
| Market Forecast in 2028 | US$ 25.82 Billion |
| Growth rate (2023 to 2028) | CAGR of 16.80% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is cloud services brokerage?
Cloud services brokerage (CSB) encompasses an IT role and business model that delivers intermediary services to aid organizations in effectively managing and integrating their cloud services from various providers. Its offerings contain several services, including cloud service selection, integration, customization, migration, security, governance, compliance, and management. By acting as a mediator between organizations and cloud service providers, CSB assists in maximizing the benefits of multiple cloud services while mitigating risks, reducing costs, and addressing complexity. In addition to this, it provides organizations with a unified point of contact for accessing and managing their cloud services, facilitating efficient and simultaneous operations, leading to enhanced overall efficiency and productivity.
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What are the growth prospects and trends in the cloud services brokerage industry?
The extensive utilization of this service, owing to the increasing number of organizations requiring assistance in managing their intricate and diverse environments, is among the primary factors driving the cloud services brokerage market. Besides this, the escalating demand for security and compliance is further augmenting the market growth. Moreover, various industries are seeking hybrid IT and multi-cloud management solutions to enhance performance, output, and cost reduction, which is also catalyzing the global market. Apart from this, the launch of several policies by the government bodies supporting the development of cloud infrastructure is acting as another significant growth-inducing factor. Additionally, ongoing improvements and the emergence of innovative and advanced technologies, including artificial intelligence (AI), big data analytics, and the Internet of Things (IoT), are also stimulating the market growth. Furthermore, the emerging trend of urbanization, expanding industrialization, the introduction of innovative products, such as home automation, and the rising number of small and medium-sized enterprises (SMEs) are anticipated to propel the cloud services brokerage market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Service Type Insights:
- Integration and Support
- Automation and Orchestration
- Billing and Provisioning
- Migration and Customization
- Security and Compliance
- Others
Platform Insights:
- Internal Brokerage Enablement
- External Brokerage Enablement
Deployment Model Insights:
- Private
- Public
- Hybrid
Organization Size Insights:
- Large Enterprises
- Small and Medium-sized Enterprises
End User Insights:
- IT and Telecom
- BFSI
- Government and Public Sector
- Healthcare
- Consumer Goods and Retail
- Manufacturing
- Energy and Utilities
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Accenture Public Limited Company
- ActivePlatform Limited
- Arrow Electronics Inc
- Atos SE
- Cognizant Technology Solutions Corporation
- Fujitsu Limited
- International Business Machines Corporation
- NTT Data Inc. (Nippon Telegraph and Telephone Corporation)
- Tech Mahindra Limited
- Wipro Limited, etc.
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