The global cloud services brokerage market is expected to grow at a rapid pace owing to the increasing demand for cost-effective solutions coupled with the high adoption of hybrid cloud technologies across the globe.
Cloud Services Brokerage (CSB) is an IT business model and role in which an organization or other unit adds value to private or public cloud services with the help of three primary roles which includes integration, aggregation, and customization brokerage. While a cloud services brokerage enabled offers technology to execute CSB, a cloud services brokerage provider provides people, combined technology, and methodologies to manage cloud services brokerage-related projects. Moreover, the cloud broker plays a double role in the environment of cloud computing. It behaves like a client when interacting with a provider, and when it interacts with a customer, acts as a provider. A cloud services brokerage controls multiple cloud services and provides technical services to businesses, giving more priorality to interoperability issues among providers. Increasing adoption of multi-cloud management and hybrid IT is the key factor augmenting the growth of global cloud services brokerage market during the projection period.
In recent days, cloud computing has become successful in modifying the ICT industry, by making hardware and software services even more convenient to businesses and providing no beforehand capital investments for clients, which leads to a more rapid market to market time in many businesses. Along with offering the best provider, cloud broker integrates services across numerous hybrid approaches. Further down, cloud services brokerage is a reliable and trusted advisor for businesses. Amazon, Google, and Microsoft are some of the world’s largest companies that provide cloud services. Since cloud providers offer many services it is tough to manage each and every customer individually, hence providers demand for the cloud services brokerage in-order to boost their services to clients. Moving forward, among the various service types, workload management segment is anticipated to witness the highest growth during the projection period. Cloud broker helps in migration of workloads for any organization, by offering workload management services, and therefore the application of workload management among various businesses is high. Moreover, among the organization size, small and medium enterprises segment is estimated to grow at a higher CAGR, owing to their rapid adoption of cloud services as they are easy to use, flexible, and cost-efficient. This in turn, is expected to propel the demand for cloud services brokerage market over the next eight years up to 2025.
The cloud services brokerage market is segmented by service type which includes catalog management, workload management, operations management, integration, training and consulting, and support and maintenance. Further down, the cloud services brokerage market in the report is segmented by deployment type that includes public cloud, private cloud, and hybrid cloud. Moreover, based on the platform the market has been further bifurcated as internal brokerage enablement and external brokerage enablement. The global cloud services brokerage market is segmented by organization size which involves SMEs and large enterprises. Additionally, based on vertical, the global CSB market is divided into telecommunication & IT, BFSI, government and public sector, healthcare and life sciences, manufacturing, and others. The global cloud services brokerage market has been moreover segmented geographically into North America, Europe, Asia-Pacific, Middle East, and Africa and Latin America.
Among the other regions, North-America is expected to dominate the global cloud services brokerage market throughout the projection period. Presence of several large vendors coupled with the rapid adoption of cloud services solutions is expected to make the market demanding in this region.
However, lack of awareness regarding cloud services brokerage is considered to be a major restraint to the overall growth of this market.
Some of the major players in the global cloud services brokerage market include Accenture PLC, Dell Inc., Capgemini S.A., ALSO Holding AG, Cloud Manager Inc., Arrow Electronics Ltd., Hewlett-Packard Company, Cloud More, and few others likely to be named.
Global Cloud Services Brokerage Market has been segmented into:
Global Cloud Services Brokerage Market: By Service Type
Global Cloud Services Brokerage Market: By Deployment Type
Global Cloud Services Brokerage Market: By Platform
Global Cloud Services Brokerage Market: By Organization Size
Global Cloud Services Brokerage Market: By Vertical
Global Cloud Services Brokerage Market: By Geography