Cloud Services Brokerage Market Size Worth USD 39.29 Billion in 2032 | Emergen Research

The global Cloud Services Brokerage (CSB) market size was USD 8.20 billion in 2022 and is expected to register a revenue CAGR of 17.0% during the forecast period. The global Cloud Services Brokerage (CSB) market is experiencing substantial growth, attributed to the increasing adoption of multi-cloud and hybrid environments, alongside the rising acceptance of cloud services across various industries. A recent market research report has outlined key drivers and insights shaping this growth trajectory.

Key Drivers Fueling Market Growth:

Wide Range of Options: Organizations are embracing multi-cloud platforms, offering a diverse array of options. This trend is empowering businesses to select cloud solutions tailored to their specific needs, ensuring reliability, security, and agility.

Technological Evolution: In response to rapid technological advancements, corporate strategies are evolving to meet customer demands. Cloud service providers are offering on-demand services, fostering a modern and flexible IT procurement approach. Middlemen in the form of CSBs are aiding users in streamlining processes and optimizing data access across multiple cloud platforms.

Growing Acceptance of Cloud Services: The market is witnessing a surge in the adoption of cloud services across various sectors, coupled with an uptake in Pay-As-You-Go (PAYG) pricing models. This shift is fueled by the increasing demand for Infrastructure-as-a-Service (IaaS), Software-as-a-Service (SaaS), and Platform-as-a-Service (PaaS), which offer simplified invoicing and enhanced platform performance.

Request a Sample Report with Table of Contents and Figures to click Here: @https://www.emergenresearch.com/request-sample/2834

Market Restraints and Segment Insights:

Despite the promising growth outlook, challenges such as limited awareness of CSB services and data security concerns hinder market expansion. Additionally, regulatory requirements, particularly in industries like finance, pose obstacles to market growth.

Segment Analysis:

• Internal Service Brokerage: This segment dominates the market, providing benefits like spend management and compliance. Internal CSBs empower IT departments to support multi-cloud strategies effectively, acting as genuine partners in business optimization.

• External Cloud Service Brokerage: Expected to register rapid growth, external CSBs offer quick solutions to urgent challenges. Their offerings include channel enablement and administrative activity management, catering to diverse client needs.

• Deployment Models: Public cloud deployment leads the market due to its scalability and cost-effectiveness. Its self-service features and user-friendly interfaces make it an attractive option for businesses of all sizes.

• End-Use Insights: The retail and e-commerce sector holds the largest market share, leveraging cloud CBS methodologies to enhance customer experience and operational efficiency. Meanwhile, the healthcare segment is poised for significant growth, driven by increased data generation and the need for cost reduction and modernization.

Recent Developments:

Highlighting the market's momentum, Peraton secured a substantial contract to assist the US Department of the Interior in transitioning to a unified hybrid enterprise cloud cluster. This initiative underscores the growing demand for agile cloud solutions and flexible procurement models.

Future Outlook:

The cloud services brokerage market is poised for continued expansion, driven by evolving technology landscapes and increasing demand for tailored cloud solutions. As organizations prioritize agility and cost-efficiency, CSBs play a pivotal role in facilitating seamless cloud integration and optimization.

For More Details On this Report Click Here @https://www.emergenresearch.com/industry-report/cloud-services-brokerage-market

Cloud Services Brokerage Top Companies and Competitive Landscape

The global Cloud Services Brokerage market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective products.

• IBM
• VMware, Inc
• Jamcracker, Inc.
• ActivePlatform
• Rochester Electronics
• Cloudmore
• Wipro
• DXC Technology Company
• iPortalis
• Cognizant
• InContinuum Software B.V.
• Flexera
• BitTitan, Inc.
• CloudFX
• Open Text Corporation
• Eshgro BV
• NEC Corporation
• Amazon Web Services
• NTT DATA Group Corporation
• Infosys Limited
• TATA Consultancy Services Limited
• Microsoft
• Oracle
• Capgemini
• Fujitsu
• Hewlett Packard Enterprise Development LP
• Atos SE
• Tech Mahindra Limited.

Cloud Services Brokerage Latest Industry News

• In April 2023, to help healthcare payers and providers access technology solutions, streamline claims processing, and improve interoperability to maximize business operations and provide better patient and member experiences, Cognizant and Microsoft announced that they were expanding their healthcare collaboration.

• In January 2022, for clients to efficiently run their compute-bound High-Performance Computing (HPC) workloads on AWS with up to 65 percent better price performance over equivalent x86-based compute-optimized instances, AWS announced Amazon EC2 Hpc6a instances. Customers have requested more cores with greater computation power, memory, and network performance as their operations get more complex in order to shorten turnaround times.

To Customized Report Market: @https://www.emergenresearch.com/request-for-customization/2834

Cloud Services Brokerage Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global Cloud Services Brokerage market on the basis of service type, platform, deployment model, enterprise, end-use, and region:

• Service Type Outlook (Revenue, USD Billion; 2019-2032)
o Integration and Support
o Automation and Orchestration
o Billing and Provisioning
o Migration and Customization
o Security and Compliance
o Other Services

• Platform Outlook (Revenue, USD Billion; 2019-2032)
o Internal Cloud Services Brokerage
o External Cloud Services Brokerage

• Deployment Model Outlook (Revenue, USD Billion; 2019-2032)
o Public
o Private
o Hybrid

• Enterprise Outlook (Revenue, USD Billion; 2019-2032)
o Large Enterprises
o Small and Medium Enterprises

• End-Use Outlook (Revenue, USD Billion; 2019-2032)
o BFSI
o IT and ITES
o Telecommunication
o Government
o Healthcare
o Retail and Ecommerce
o Media and Entertainment
o Manufacturing
o Other Industries

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

Click Here To Buy Now @https://www.emergenresearch.com/select-license/2834

Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

This release was published on openPR.