Cloud Services Brokerage Market Analysis

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 own set of heterogeneous services and configuration options, such as VM instance type, data centre area, availability zone, and so on. Users frequently deploy programmes 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, as well as the growing need to monitor and reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX), are all driving market growth.

Interesting Facts of Cloud Services Brokerage Market.

• Cloud infrastructure market stood at around USD 150 billion
• Cloud Services Brokerage acts as a connecting dot between service providers and consumers and manage 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 cloud services brokerage industry with the presence and origin of most of the of tech giants
• India and China to offer huge growth opportunities

COVID-19 Impact

Many organisations 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 demand 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, and the region is expected to have the largest market size among regions 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 the presence of numerous organisations that provide cloud services brokerage, North America is a mature sector. The cloud services brokerage industry in North America is expanding as businesses increase their budgets to support cloud services brokerage. The United States and Canada are the two largest contributors to the cloud services brokerage business in North America. Because of technological advancements and the country's proclivity for innovation and acceptance of new technologies, the United States has a sizable market share. Businesses have made massive investments in new technologies to gain a competitive advantage and increase organisational efficiency. The cloud services brokerage market is expected to grow steadily as businesses adopt cloud-based solutions and services at all levels as part of their strategy to stay competitive and improve operations.

Global Cloud Services Brokerage Market key Players:

Wipro, Vmware, TCS, Oracle, Opentext, NTT Data, NEC, Microsoft, Jamcracker, Iportalis, Infosys, IBM, Fujitsu, Flexera, Eshgro, DXC Technology, Cognizant, Cloudmore, Capgemini, AWS, Arrow Electronics, Active Platform, Accenture are among the leading companies.

Frequently asked questions about global cloud services brokerage market