Cloud Services Brokerage Market Analysis and Forecast to 2033: COVID-19 and Post-COVID Impact, Opportunities and Trends

The Cloud Services Brokerage (CSB) market, valued at US$ 6.45 billion in 2023, is poised for significant growth, with a projected compound annual growth rate (CAGR) of 16.84% from 2023 to 2033. This rapid expansion is primarily driven by the increasing adoption of cloud computing across various industries, as organizations seek to enhance their agility, scalability, and cost-efficiency through cloud solutions. The growing need for businesses to manage and optimize their multi-cloud environments is further fueling the demand for CSB services, which facilitate the integration, customization, and management of cloud services from multiple providers. However, the market faces challenges in the form of security and compliance concerns. As businesses migrate critical workloads to the cloud, ensuring data security and regulatory compliance becomes paramount, posing a significant restraint to market growth. Organizations must navigate complex regulatory landscapes and safeguard against potential data breaches, which can hinder the seamless adoption of cloud services. Despite these challenges, the CSB market presents substantial opportunities, particularly in the realm of advanced security services. As the threat landscape evolves, the demand for robust security solutions that can protect cloud environments against sophisticated cyber threats is on the rise. Cloud service brokers are uniquely positioned to offer advanced security services, including identity and access management, threat detection and response, and compliance monitoring, thereby addressing the security concerns of businesses and enabling them to fully leverage the benefits of cloud computing.

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The report includes 10 key players in the Cloud Services Brokerage market ecosystem that have been strategically profiled, along with the market ranking/share for major players. The key players profiled in the report are:
• IBM
• VMWARE
• Jamcracker
• ActivePlatform
• Microsoft Corporation
• Cloudmore
• Wipro
• DXC Technology
• IPortalis

The Cloud Services Brokerage (CSB) market features a diverse and competitive landscape, with numerous prominent players vying for market share. Leading companies in this space include IBM, VMWARE, Jamcracker, ActivePlatform, Microsoft Corporation, Cloudmore, Wipro, DXC Technology, and IPortalis. Each of these companies offers unique solutions and services that cater to the growing demand for cloud integration, management, and optimization. IBM is well-established global consulting firms that leverage their extensive expertise and resources to provide comprehensive CSB services, including cloud strategy, migration, and managed services. VMWARE and Microsoft Corporation, known for their robust cloud platforms, also offer CSB solutions that enhance multi-cloud management capabilities for enterprises. Jamcracker and ActivePlatform specialize in cloud management platforms that facilitate the aggregation, integration, and delivery of cloud services. Cloudmore focuses on providing cloud service automation and management solutions tailored for service providers and enterprises, while Wipro and DXC Technology bring their IT consulting and managed services expertise to the CSB market. IPortalis, with its cloud management platform, helps organizations streamline their cloud operations and enhance service delivery.

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Market Segment By Services Type with focus on market share, consumption trend, and growth rate of Cloud Services Brokerage Market:
o Integration And Support
o Automation And Orchestration

Market Segment By platform type with focus on market share, consumption trend, and growth rate of Cloud Services Brokerage Market:
o Internal Brokerage Enablement
o External Brokerage Enablement

Market Segment By verticals with a focus on market share, consumption trend, and growth rate of Cloud Services Brokerage Market:
o Banking, Financial Services,
o Telecommunications
o IT
o Others

Global Cloud Services Brokerage Geographic Coverage:
• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Benelux
o Nordic
o Rest of Europe

• Asia Pacific
o China
o Japan
o South Korea
o Indonesia
o Austalia
o Malaysia
o India
o Rest of Asia Pacific

• South America
o Brazil
o Argentina
o Rest of South America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of the Middle East & Africa

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Key Matrix for Latest Report Update
• Base Year: 2023
• Estimated Year: 2024
• CAGR: 2024 to 2034

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