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Rising Demand For Hybrid And Multi-Cloud Strategies Fuels Cloud Service Brokerage Market: Critical Driver Shaping the Global Cloud Services Brokerage Market in 2025
Cloud Services Brokerage Market
Cloud Services Brokerage Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market scale of cloud services brokerage has seen substantial growth in the previous years. It's set to expand from $10.34 billion in 2024 to $11.25 billion in 2025, with a compound annual growth rate (CAGR) of 8.8%. This growth surge in the past can be linked to the swift uptake of cloud services, complexities in multi-cloud setups, the necessity for unimpeded integration and interoperability, the call for simplified cloud management, and the focus on cost minimization and efficiency.
Cloud Services Brokerage Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for a substantial surge within the cloud services brokerage market in the coming years. Predictions suggest it will inflate to a total of $19.97 billion by 2029, experiencing a compound annual growth rate (CAGR) of 15.4%. The anticipated growth during this forecast period is largely due to a concentration on improving customer experience, a move towards automation and self-service, the integration of AI, emphasis on interoperability, and the trends of service aggregation and customization. Key trends projected for this time frame include adoption of hybrid and multi-cloud, a desire for more simplified cloud management, an increasing emergence of digital transformation initiatives, concentration on cost optimization and efficiency, and the utilization of brokerage services for governance.
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What Are the Drivers Transforming the Cloud Services Brokerage Market?
The surge in demand for hybrid and multi-cloud strategies is projected to accelerate the expansion of the cloud service brokerage market. Different divisions can select the most suitable computing environment for their needs with a multi-cloud strategy. Additionally, it permits the transference of workloads across various cloud service providers (CSPs). Implementing a hybrid and multi-cloud architecture enhances performance, cost-effectiveness, and scalability. As per the Flexera 2021 State of the Cloud Report, which in March 2022 surveyed 753 global cloud decision-makers and users, a multi-cloud strategy is being widely adopted, with approximately 92% of businesses utilizing a multi-cloud model. Consequently, the rising demand for hybrid and multi-cloud strategies will fuel growth in the cloud service brokerage market.
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What Long-Term Trends Will Define the Future of the Cloud Services Brokerage Market?
Technological advancements in cloud technology are emerging as prominent trend in the cloud service brokerage market. Major players in this space are emphasizing on the introduction of cutting-edge solutions to solidify their standings in the market. The incorporation of innovative cloud services brokerage technologies, including Internet of Things (IoT), artificial intelligence (AI), blockchain, virtualization, service-oriented architecture, multi-cloud, microservices architecture, among others is being used to upgrade services, fortify specific skill sets and offer enhanced services. As an illustration, in January 2024, BeyondTrust made a noteworthy upgrade to its privileged access management (PAM) offerings through the introduction of its Cloud Privilege Broker. This novel solution is designed to assist organizations in reinstating control over their cloud infrastructure by meeting multi-cloud entitlement challenges.
Which Segments in the Cloud Services Brokerage Market Offer the Most Profit Potential?
The cloud services brokeragemarket covered in this report is segmented -
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, 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
Subsegments:
1) By Integration And Support: API Integration Services, Cloud Service Integration, Technical Support And Helpdesk
2) By Automation And Orchestration: Workflow Automation, Service Orchestration Tools, Resource Provisioning Automation
3) By Billing And Provisioning: Usage-Based Billing Solutions, Subscription Management, Resource Provisioning Services
4) By Migration And Customization: Cloud Migration Services, Custom Development And Configuration, Data Migration Solutions
5) By Security And Compliance: Security Assessment Services, Compliance Management Solutions, Risk Management Services
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Which Firms Dominate the Cloud Services Brokerage Market by Market Share and Revenue in 2025?
Major companies operating in the cloud services brokerage market include accenture* PLC, Capgemini SE, DXC Technology Company, Wipro Limited, The International Business Machines Corporation, International Business Machines Corporation (IBM), 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.
Which Regions Offer the Highest Growth Potential in the Cloud Services Brokerage Market?
North America was the largest region in the cloud services brokerage market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud services brokerage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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