Press release
Cloud Services Brokerage Market Size 2019-2025 By Type, Application, Platform, Regional Statistics, Global Revenue Share, Forecast 2025
The integration, sourcing, & procurement segment has the largest cloud services brokerage market share due to the rising demand for integration services across large enterprises to integrate their businesses with clients, third-party vendors, and technology partners. Enterprises are increasingly adopting cloud-based vendor management services to manage orders, billings, and other requirements from numerous vendors. This will augment the growth in the vendor management segment.
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The Cloud Services Brokerage market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:
Cloud Services Brokerage Market, By Service Type, 2014-2025 (USD Million)
• Catalog Management
• Integration
• Operations Management
• Reporting and Analytics
• Security and Compliance
• Support and Maintenance
• Training and Consulting
• Workload Management
Cloud Services Brokerage Market, By Platform, 2014-2025 (USD Million)
• Internal Brokerage Enablement
• External Brokerage Enablement
CSB Market, By Organization Size, 2014-2025 (USD Million)
• Large enterprise
• SME
By Deployment, 2014-2025 (USD Million)
• Public
• Private
• Hybrid
By Application, 2014-2025 (USD Million)
• BFSI
• Healthcare & lifescience
• IT & telecom
• Retail
• Manufacturing
• Government & public sector
• Media & entertainment
• Energy & utility
• Others
The above information has been provided for the following regions and countries:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA
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North America leads the global cloud services brokerage market owing to the presence of numerous IT industries and telecom vendors that make heavy use of cloud platforms. North America presently has 1,928 data centers, nearly five times more than Asia Pacific, which is ranked second with 419 data centers. This extreme proximity of a huge number of cloud service brokers and an abundance of existing data centers have driven market growth in this region.
The Asia Pacific cloud services brokerage market is expected to grow rapidly as several startups in India and China will bolster the use of cloud-based services to reduce infrastructure costs and sustain in a highly competitive environment. Governments in Asia are also investing heavily in cloud-based infrastructures. According to an action plan issued by the Chinese Ministry of Industry and Information Technology, the scale of the cloud-computing industry in China is expected to grow more than 2.5 times by 2019 compared to 2015. However, difficulties in application portability and regulatory compliance issues can restrain market growth in this region.
The major players in the CSB market are DoubleHorn, Jamcracker, IBM, HPE, RightScale, Dell, Wipro, Arrow Electronics, ActivePlatform, Cloudmore, InContinuum, DXC Technology, Cognizant, BitTitan, Nephos Technologies, OpenText, ComputeNext, CloudFX, Fujitsu, Tech Mahindra, Atos, Cloudreach, Neostratus, and Proximitum. These providers are focusing on product enhancements to serve a variety of demands and provide better data security. For instance, in June 2018, Atos SE improved its hybrid cloud data security by introducing a new set of cloud security brokerage solutions. Also, mergers & acquisitions continue to remain the major strategy. In October 2018, BMC Software, Inc. acquired CorreLog, Inc. to deliver real-time security management to its mainframe customers.
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Global Market Insights, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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