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Cloud Services Brokerage Market Trends 2025-2034: Size and Insights
Cloud Services Brokerage Market Trends
Projected Market Size and Growth Rate on the Rise in the Global Cloud Services Brokerage Market
• The cloud services brokerage market has seen substantial growth recently, projected to increase from $10.34 billion in 2024 to $11.35 billion in 2025, a compound annual growth rate (CAGR) of 9.7%.
• Factors contributing to this growth include rapid adoption of cloud services, challenges in multi-cloud environments, integration needs, demand for streamlined cloud management, and focus on cost optimization and efficiency.
• The market's rapid growth will continue with an expected rise to $20.4 billion in 2029 at a CAGR of 15.8%.
• The forecast period's growth will be primarily driven by enhanced customer experience, the shift towards self-service and automation, AI integration, service aggregation trends, along with an emphasis on interoperability and integration.
What Is Driving The Growth In The Cloud Services Brokerage Market?
The surge in demand for hybrid and multi-cloud strategies is a primary driver for the cloud service brokerage market. These strategies allow different divisions to select the optimum computing environment, and enable workload portability across cloud service providers (CSPs). According to the Flexera 2021 State of the Cloud Report in March 2022, there has been widespread adoption of multi-cloud strategies, with an estimated 92% of businesses choosing this approach. Therefore, the growing prominence of hybrid and multi-cloud strategies is expected to continue fostering the growth of the cloud service brokerage market.
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Who Are the Key Players Driving Cloud Services Brokerage Market Growth?
• Capgemini SE
• DXC Technology Company
• Wipro Limited
• The International Business Machines Corporation
• VMware Inc.
• Jamcracker Inc.
• ActivePlatform LLC
• Arrow Electronics Inc.
• Cloudmore Group AB
• iPortalis Ltd.
• Cognizant Technology Solutions Corporation
• InContinuum LLC.
• Flexera LLC.
• BitTitan Inc.
• OpenText Corporation
• CloudFX Inc.
• Proximitum Ltd.
• Eshgro B. V.
• NEC Corporation
• Amazon.com Inc. (AWS)
• CloudSME UG
• Shivaami Cloud Services Pvt. Ltd.
• NTT Data Corporation
• Infosys Limited
• Nephos Technologies Ltd.
• DoubleHorn LLC
• Dell Technologies Inc.
• Tech Mahindra Limited
• RightScale Inc.
What Are The Key Trends In The Cloud Services Brokerage Market?
Key trends in the market forecast period include:
• Hybrid and multi-cloud adoption
• Demand for simplified cloud management
• Surge in digital transformation initiatives
• Focus on cost optimization and efficiency
• Adoption of brokerage services for governance
What Are The Segments Of The Global Cloud Services Brokerage Market?
1) By Service Type: Integration And Support, Automation And Orchestration, Billing And Provisioning, Migration And Customization, Security And Compliance
2) By Platform Type: Internal Brokerage Enablement, External Brokerage Enablement
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Verticals: Banking, Financial Services, And Insurance (BFSI), Telecommunications, IT And ITeS, Government And Public Sector, Retail And Consumer Goods, Manufacturing, Energy And Utilities, Media And Entertainment, Healthcare And Life Sciences
Which Region Leads The Cloud Services Brokerage Market?
North America was the largest region in the cloud services brokerage market in 2024. However, Asia-Pacific is expected to register the fastest growth during the forecast period. The cloud services brokerage market report covers several regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Cloud Services Brokerage Market Global Market Report?
- Market Size Analysis: Analyze the Cloud Services Brokerage Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cloud Services Brokerage Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cloud Services Brokerage Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities, and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cloud Services Brokerage Market .
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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