Cloud Services Brokerage Market Analysis of Key Players and Forecasts to 2028

The latest report by IMARC Group, titled “Cloud Services Brokerage Market by Service Type (Integration and Support, Automation and Orchestration, Billing and Provisioning, Migration and Customization, Security and Compliance, and Others), Platform (Internal Brokerage Enablement, External Brokerage Enablement), Deployment Model (Private, Public, Hybrid), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), End User (IT and Telecom, BFSI, Government and Public Sector, Healthcare, Consumer Goods and Retail, Manufacturing, Energy and Utilities, and Others), and Region 2023-2028“, The global cloud services brokerage market size reached US$ 10.11 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 25.82 Billion by 2028, exhibiting a growth rate (CAGR) of 16.80% during 2023-2028.

Cloud services brokerage (CSB) refers to a business model or service offering that acts as an intermediary between cloud service providers and cloud consumers. The role of a cloud services broker is to simplify and optimize the procurement, management, and integration of cloud services for their clients. It also consolidates cloud services from various providers into a single marketplace, offering clients a one-stop-shop for selecting and purchasing the most suitable services for their needs. In addition, it facilitates the integration of diverse cloud services into existing IT infrastructures, ensuring seamless interoperability and data exchange across different platforms. Moreover, cloud services brokers often offer value-added services like customization, configuration, and consulting to tailor cloud solutions to the specific requirements of their clients. The role of cloud services brokerage has become increasingly relevant as more organizations adopt cloud computing to enhance their operations and digital transformation efforts.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/cloud-services-brokerage-market/requestsample

Cloud Services Brokerage Market Trends and Drivers:

The global cloud services brokerage (CSB) market is witnessing robust growth, driven by several key factors. One of the primary drivers propelling market growth is the need for seamless integration and management of multi-cloud environments. With businesses leveraging multiple cloud providers to meet their diverse requirements, CSB providers play a crucial role in orchestrating these disparate services and optimizing resource allocation. Moreover, as the complexity of cloud ecosystems increases, organizations seek expert assistance in selecting the right cloud solutions and managing their cloud infrastructure effectively. CSB services offer valuable insights and guidance, enabling businesses to make informed decisions regarding cloud strategy, migration, and vendor selection. This aspect is particularly crucial for enterprises aiming to achieve a competitive edge through technological advancements. Furthermore, the rising focus on cost optimization and resource utilization has further fueled the demand for CSB solutions. Cloud services brokerage providers offer cost-effective solutions by optimizing cloud usage and ensuring efficient allocation of resources. Besides, in recent times, the growing emphasis on data security and privacy has become a critical driving force for the CSB market. As businesses become more reliant on cloud-based services, concerns related to data breaches and cyber threats have amplified. CSB providers offer enhanced security measures and compliance management, instilling confidence in organizations to adopt cloud solutions while adhering to strict data protection regulations. Moreover, the integration of emerging technologies, such as artificial intelligence and machine learning, into CSB offerings, has further augmented market growth. These advanced capabilities enable intelligent automation, predictive analytics, and personalized service delivery, enhancing the overall customer experience and operational efficiency.

Report 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

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• 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

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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