Cloud Services Brokerage Market Research Report- Opportunities & Challenges in Near Future by with Different Segments, Forecast- 2026

The Report Cloud Services Brokerage Market: Global Industry Analysis and Opportunity Assessment 2018-2026 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz

Cloud Services Brokerage Market - Overview

In general, a broker is a person who acts as a middle man between two or more parties during negotiations. A cloud broker means a third-party individual or entity that acts as an intermediary between a cloud computing service buyer and the sellers of the same.

CSB, i.e. cloud services brokerage, an IT-based business model wherein a firm or an entity enhances value for one or more cloud services (private or public) on behalf of one or more customers of that service. A cloud services brokerage enabler offers (i) tools and knowhow to device cloud services brokerage, and (ii) combined technology, people, and methodologies to implement and manage cloud services brokerage related projects.

Approximately, more than 30% of businesses (till 2014) had adopted a cloud service brokerage to better support cloud technology. Three key areas that can be addressed by a cloud service brokerage in cloud adoption are aggregation, integration, and customization brokerage. Aggregation – through a company approved cloud application, end-users get access to the cloud enterprise software; integration – ensuring data exchange of cloud applications among each other and with on-premise applications to align business processes; customization – augmentation of cloud services with variable data plans or improved security and compliance.

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Cloud Services Brokerage Market – Drivers and Restraints

Increasing adoption cloud-based solutions by businesses is a major driver of the cloud services brokerage market. However, a key restraint for cloud services brokerage market is the relative immaturity of cloud enterprise software as compared to on-premise enterprise software. By modifying cloud enterprise software with customized capabilities other than cloud services, companies could avail the benefits of cloud technology, while meeting other business objectives, including data security and compliance. Especially, organizations are looking forward to cloud augmentation and attain reduced risk with robust security and compliance abilities, to add value and transparency with the help of analytics, they are also looking for the centralization of audit trajectories and policy implementation functionality, including streamlining of selection process of cloud services.

Cloud Services Brokerage Market – Segmentation

The cloud services brokerage market covers different services, such as, operations management, workload management, catalog management, integration, security and compliance, reporting and analytics, training and consulting, and maintenance and support. The cloud services brokerage market can be segmented on the basis of cloud-based deployment, i.e. public, private, and hybrid cloud.

When segmented geographically, North America is anticipated to be the dominant market for cloud services brokerage, followed by Europe and Asia Pacific. Asia Pacific is estimated to be the fastest growing region during the forecast period, followed by Europe and North America. Enterprises of all sizes are expected to use cloud services brokerage in the near future. Large organizations are expected to have larger market due to the benefits that are provided by CSB, for example, single point of accountability. This helps companies to switch easily among several cloud models. Also, the companies using cloud brokerage solutions are entering new markets and providing new services to the consumers.

Almost every industry is expected to use cloud services brokerage due to global technological modification, such as retail, Banking, Financial Services And Insurance (BFSI), communications, media & entertainment, manufacturing, transportation & logistics, pharmaceuticals, life sciences, government, healthcare, retail, utilities, and others (academic institutions, such as, nonprofit research groups, and universities).

Legal aspects of cloud brokering cover many areas. Major difficulties connected with this are data location, cross-border transmission, portability, accessibility, and accountability. Therefore, CSB must have technology and associations readily available, capable to ensure that all customer requirements are fulfilled and legal obligations are observed at the same time.

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Cloud Services Brokerage Market – Key Players

Major players operating in the cloud services brokerage market are Appirio, Amazon Web Services, Inc., Tech Mahindra Limited, Fujitsu, Wipro Limited, Hewlett Packard Enterprise, HPE, International Business Machines Corporation, Atos SE, Dell Inc., and Oracle Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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