Press release
Cloud Services Brokerage Market Size to Reach US$ 25.82 Billion 2023-2028
Cloud Services Brokerage Market Research and Forecast Report 2023-2028
Report Highlights:
How big is the cloud services brokerage market?
The global cloud services brokerage market size reached US$ 10.11 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 25.82 Billion by 2028, exhibiting a growth rate (CAGR) of 16.80% during 2023-2028.
What is cloud services brokerage?
Cloud services brokerage (CSB) is a specialized business model that has emerged with the increasing adoption of cloud computing technologies. It involves the intermediation and integration of cloud services between cloud service providers (CSPs) and cloud consumers (organizations or individuals). A cloud services broker acts as a mediator, facilitating the selection, deployment, and management of various cloud services to meet the unique requirements of businesses. This model helps organizations navigate the complexities of the cloud landscape, providing them with a centralized platform to access, monitor, and optimize their cloud resources effectively. Cloud services brokerage encompasses a range of activities, including service aggregation, customization, integration, governance, security, and management. By leveraging their expertise, brokers enable seamless integration and interoperability among different cloud services, ensuring enhanced flexibility, scalability, and cost efficiency for businesses. As a result, cloud services brokerage has gained immense traction as a trusted advisor, simplifying the cloud adoption journey and enabling organizations to harness the full potential of cloud computing technologies.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/cloud-services-brokerage-market/requestsample
What are the growth prospects and trends in the cloud services brokerage industry?
The global cloud services brokerage market is primarily driven by the escalating demand for multi-cloud and hybrid cloud environments. Nowadays, organizations are adopting various cloud services from multiple vendors to achieve greater flexibility, mitigate risks, and optimize performance. Cloud services brokerage helps businesses seamlessly integrate and manage multi-cloud deployments, providing centralized control and visibility over disparate cloud resources. Additionally, the growing complexity of cloud services necessitates specialized expertise to navigate the landscape effectively, which is augmenting the product demand. Cloud services brokers also offer consultancy and advisory services, guiding organizations in selecting the most suitable cloud solutions and ensuring successful migration and integration. Moreover, the rising concerns about data security and privacy are fueling the demand for cloud services brokerage. Besides this, brokers play a vital role in implementing robust security measures, managing access controls, and ensuring compliance with regulatory requirements, thereby contributing to market growth. Organizations are seeking ways to optimize their cloud spending and ensure the best return on investment. Consequently, the surging need for cost optimization and efficiency is accelerating product adoption rates as cloud services brokerage offers cost management tools and expertise to help organizations analyze their cloud usage, identify cost-saving opportunities, and optimize their cloud spending. Furthermore, the emergence of innovative technologies, such as artificial intelligence and machine learning, within cloud services brokerage is propelling market growth. These technologies enable intelligent decision-making, automation, and predictive analytics, enhancing the overall efficiency and effectiveness of cloud service management. Along with this, the increasing awareness about the benefits of cloud services brokerage in streamlining operations, reducing costs, and driving innovation, is anticipated to catalyze market growth in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Service Type Insights:
Integration and Support
Automation and Orchestration
Billing and Provisioning
Migration and Customization
Security and Compliance
Others
Platform Insights:
Internal Brokerage Enablement
External Brokerage Enablement
Deployment Model Insights:
Private
Public
Hybrid
Organization Size Insights:
Large Enterprises
Small and Medium-sized Enterprises
End User Insights:
IT and Telecom
BFSI
Government and Public Sector
Healthcare
Consumer Goods and Retail
Manufacturing
Energy and Utilities
Others
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Accentur Public Limited Company
ActivePlatform Limited
Arrow Electronics Inc
Atos SE
Cognizant Technology Solutions Corporation
Fujitsu Limited
International Business Machines Corporation
NTT Data Inc. (Nippon Telegraph and Telephone Corporation)
Tech Mahindra Limited
Wipro Limited, etc.
Browse full report with TOC & List of Figure: https://www.imarcgroup.com/cloud-services-brokerage-market
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Contact us:
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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