The latest report by IMARC Group, titled “Cloud Services Brokerage Market Report by Service Type (Integration and Support, Automation and Orchestration, Billing and Provisioning, Migration and Customization, Security and Compliance, and Others), Platform (Internal Brokerage Enablement, External Brokerage Enablement), Deployment Model (Private, Public, Hybrid), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), End User (IT and Telecom, BFSI, Government and Public Sector, Healthcare, Consumer Goods and Retail, Manufacturing, Energy and Utilities, and Others), and Region 2024-2032“, The global cloud services brokerage market size reached US$ 11.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 42.2 Billion by 2032, exhibiting a growth rate (CAGR) of 14.8% during 2024-2032.
A cloud services broker acts as a middleman between cloud service providers and users, streamlining the process of selecting, managing, and integrating cloud services. They bring together services from multiple providers in one place, making it easier for clients to find and purchase the services that best suit their needs. Additionally, they assist in integrating various cloud services with existing IT systems to ensure smooth communication and compatibility. Cloud services brokers also provide extra services such as customization and consulting to tailor cloud solutions to each client’s specific needs. Their role has become more important as more businesses embrace cloud computing for operational and digital transformation purposes.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/cloud-services-brokerage-market/requestsample
Cloud Services Brokerage Market Trends and Drivers:
The global cloud services brokerage (CSB) market is witnessing robust growth, driven by several key factors. One of the primary drivers propelling market growth is the need for seamless integration and management of multi-cloud environments. With businesses leveraging multiple cloud providers to meet their diverse requirements, CSB providers play a crucial role in orchestrating these disparate services and optimizing resource allocation. Moreover, as the complexity of cloud ecosystems increases, organizations seek expert assistance in selecting the right cloud solutions and managing their cloud infrastructure effectively. CSB services offer valuable insights and guidance, enabling businesses to make informed decisions regarding cloud strategy, migration, and vendor selection. This aspect is particularly crucial for enterprises aiming to achieve a competitive edge through technological advancements. Furthermore, the rising focus on cost optimization and resource utilization has further fueled the demand for CSB solutions. Cloud services brokerage providers offer cost-effective solutions by optimizing cloud usage and ensuring efficient allocation of resources. Besides, in recent times, the growing emphasis on data security and privacy has become a critical driving force for the CSB market. As businesses become more reliant on cloud-based services, concerns related to data breaches and cyber threats have amplified. CSB providers offer enhanced security measures and compliance management, instilling confidence in organizations to adopt cloud solutions while adhering to strict data protection regulations. Moreover, the integration of emerging technologies, such as artificial intelligence and machine learning, into CSB offerings, has further augmented market growth. These advanced capabilities enable intelligent automation, predictive analytics, and personalized service delivery, enhancing the overall customer experience and operational efficiency.
Report Segmentation:
The report has segmented the market into the following categories:
Service Type Insights:
- Integration and Support
- Automation and Orchestration
- Billing and Provisioning
- Migration and Customization
- Security and Compliance
- Others
Platform Insights:
- Internal Brokerage Enablement
- External Brokerage Enablement
Deployment Model Insights:
- Private
- Public
- Hybrid
Organization Size Insights:
- Large Enterprises
- Small and Medium-sized Enterprises
End User Insights:
- IT and Telecom
- BFSI
- Government and Public Sector
- Healthcare
- Consumer Goods and Retail
- Manufacturing
- Energy and Utilities
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Accenture Public Limited Company
- Active Platform Limited
- Arrow Electronics Inc
- Atos SE
- Cognizant Technology Solutions Corporation
- Fujitsu Limited
- International Business Machines Corporation
- NTT Data Inc. (Nippon Telegraph and Telephone Corporation)
- Tech Mahindra Limited
- Wipro Limited
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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