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Cloud Services Brokerage Market Size, Share Analysis, Growth, Trends And Forecast 2023-2032
Cloud Services Brokerage Market Report
The Business Research Company's Cloud Services Brokerage Global Market Report 2023 identifies the growing demand for hybrid and multi-cloud strategies as the major driver for the cloud services brokerage market's growth in the forecast period. A multi-cloud strategy allows different divisions to choose the optimal computing environment for their purposes. It also allows porting of workloads across cloud service providers (CSPs). Adopting a multi-cloud and hybrid architecture will improve performance, cost savings, and scalability. According to the Flexera 2021 State of the Cloud Report, in March 2022, which surveyed 753 global cloud decision-makers and users, organizations are broadly adopting a multi-cloud strategy, with an estimated 92% of businesses adopting a multi-cloud approach.
The global cloud services brokerage market size grew from $8.92 billion in 2022 to $10.14 billion in 2023, at a compound annual growth rate (CAGR) of 13.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cloud services brokerage market size is expected to grow to $17.15 billion in 2027 at a CAGR of 14.0%.
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Major competitors in the cloud services brokerage market are Capgemini SE, DXC Technology Company, Wipro Limited, IBM Corporation, NTT Data Inc., Cognizant Technology Solutions Corporation, Atos SE, Jamcracker Inc., Hewlett Packard Enterprise Company, NEC Corporation, Rightscale Inc., Infosys Limited, Fujitsu Ltd., Tech Mahindra Limited, Activeplatform Limited, Arrow Electronics Inc., Bittitan Inc., OpenText Corporation, Cloudmore AB, Computenext Inc., Dell Inc., Doublehorn, Nephos Technologies and Incontinuum Software BV.
A key trend in the cloud services brokerage market includes cloud technological innovations. Major companies operating in the cloud services brokerage market are focused on providing technologically-advanced solutions to strengthen their market position. These companies are implementing next-generation cloud services brokerage technologies into their services, such as internet of things (IoT), artificial intelligence (AI), microservices architecture, blockchain, virtualization, service-oriented architecture, multi-cloud, and others to enhance a given service by strengthening some specific competence and providing value-added services.
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The cloud services brokerage market is segmented -
•By Service Type: Integration And Support, Automation And Orchestration, Billing And Provisioning, Migration And Customization, Security And Compliance
•By Platform Type: Internal Brokerage Enablement, External Brokerage Enablement
•By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
•By Verticals: Banking, Financial Services, And Insurance (BFSI), Telecommunications, Information Technology (IT) And Information Technology Enabled Services (ITeS), Government And Public Sector, Retail And Consumer Goods, Manufacturing, Energy And Utilities, Media And Entertainment, Healthcare And Life Sciences
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the cloud services brokerage market.
The Business Research Company's "Global Cloud Services Brokerage Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Cloud Services Brokerage Market Include:
1. Executive Summary
2. Cloud Services Brokerage Market Characteristics
3. Cloud Services Brokerage Market Trends And Strategies
4. Cloud Services Brokerage Market - Macro Economic Scenario
5. Cloud Services Brokerage Market Size And Growth
……
26. Africa Cloud Services Brokerage Market
27. Cloud Services Brokerage Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cloud Services Brokerage Market
29. Cloud Services Brokerage Market Future Outlook and Potential Analysis
30. Appendix
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