Cloud Services Brokerage Market by Service Type (Integration And Support, Automation And Orchestration, Billing And Provisioning, Migration And Customization, Security And Compliance, Other Services) by Platform Type (Internal Brokerage Enablement, External Brokerage Enablement) by Deployment Model, by Organization Size, by Verticals: Global Industry Size, Share, Statistics and Forecast 2015 - 2027

A cloud services brokerage acts as a go-between for cloud service providers and their end users. Brokerages use a variety of brokers and platforms to improve service delivery and, as a result, service value. The cloud computing industry is teeming with competitors and alternatives, each with its heterogeneous services and configuration options, such as VM instance type, data center area, availability zone, and so on. Users frequently deploy programs to cloud infrastructure on an ad hoc basis, with little knowledge of which providers and instance types can meet user-defined SLAs. The cloud services brokerage sector 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%. A growing emphasis on developing customer-centric applications to improve customer happiness and the growing need to monitor and reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) are all driving market growth.

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Interesting Facts of Cloud Services Brokerage Market.

• The Cloud infrastructure market stood at around USD 150 billion.
• Cloud Services Brokerage acts as a connecting dot between service providers and consumers and manages the performance and delivery of cloud services.
• Depending on the service type, the integration and support sector will contribute more to the growth of the cloud services brokerage market over the forecast period.
• Public cloud held the largest share in global cloud services brokerage.
• S. is the leading national market for the cloud services brokerage industry with the presence and origin of most of the tech giants
• India and China offer huge growth opportunities.

COVID-19 Impact

Many organizations across industries have adopted the work-from-home model to protect employee well-being and maintain operational efficiency, resulting in increased demand for cloud-based solutions. As more businesses turn to cloud-based solutions to improve their IT infrastructure, the need for CSB solutions will grow.

North America is Major Growth Engine for cloud services brokerage

North America has continued to dominate the cloud services brokerage market in terms of revenue. The region is expected to have the largest market size among areas in the cloud services brokerage market as businesses increasingly adopt digital business strategies and shift to cloud-based solutions and services. This trend is expected to continue throughout the projection period. Because of numerous organizations that provide cloud services brokerage, North America is a mature sector. North America's cloud services brokerage industry is expanding as businesses increase their budgets to support cloud services brokerage.

The United States and Canada are the two largest contributors to North America's cloud services brokerage business. Because of technological advancements and the country's proclivity for innovation and acceptance of new technologies, the United States has a sizable market share. Enterprises have invested in new technologies to gain a competitive advantage and increase organizational efficiency. The cloud services brokerage market is expected to grow steadily as companies adopt cloud-based solutions and services at all levels as part of their strategy to stay competitive and improve operations.

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