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Cloud Services Brokerage Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030

Cloud Services Brokerage Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030

Region : Global | Format : report format | Report ID : 126148 | No. of Pages : 250

  • DESCRIPTION
  • TABLE OF CONTENT
  • METHODOLOGY
  • REPORT SCOPE

The Global Cloud Services Brokerage Market size was valued at USD 10.59 Billion in 2022 and is projected to reach USD 42.13 Billion by 2030, growing at a CAGR of 16.58% from 2022 to 2030.

Cloud Services Brokerage Market Overview:

Cloud service brokerage is a business model that acts as an intermediary between cloud providers and cloud consumers and helps enterprises choose the services and products that best suit their customers' needs. We also offer options and possible cost savings to help customers deploy and integrate their apps across multiple clouds or include multiple competing services in our catalog. It helps save time by simply providing customers with information about how owners and customers can discover services from different vendors and use cloud computing to support business goals. By providing on-demand offerings that are inherently scalable, we have created a new, agile model for IT procurement. It consists of value-added services such as migration, VM portability, API management, and normalization of cloud intermediary platforms, allowing end users to move freely between platforms and retain options available from various cloud providers. These factors are expected to boost the cloud services brokerage market size.

Cloud Services Brokerage market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Cloud Services Brokerage market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Major Segments Covered in Cloud Services Brokerage Market Research:

Market Key Players:
International Business Machines Corporation (IBM), Microsoft Corporation, Oracle Corporation, Amazon Web Services, Inc. (AWS), Auxesis Services & Technologies (P) Ltd., Bitfury Group Limited, Cognizant, Infosys Limited, SAP SE, Tata Consultancy Services Limited.

By Type:

  • Public
  • Private
  • Hybrid

By Platform:

  • Internal Cloud Services Brokerage
  • External Cloud Services Brokerage

By Application:

  • Government
  • IT and telecom
  • Manufacturing
  • BFSI
  • Retail
  • Healthcare
  • Others

By Region:

Asia Pacific is expected to witness the fastest growth rate

Asia Pacific is the fastest-growing region in the market study, owing to exponential growth in adoption of cloud services across all types of businesses.

By implementing initiatives to build more business trust across the cloud, local governments are playing an important role in the development of the cloud integration services market in Asia Pacific. The region is also currently the fastest-growing region for data centers in the world.

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
    • Belgium
    • The Netherlands
    • Luxembourg
    • Germany
    • France
    • Italy
    • Spain
    • UK
    • Nordic Countries
    • Benelux Union
    • Rest of Europe
  • Asia-Pacific
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Southeast Asia
    • Rest of Asia-Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Significant Market Dynamics:

Drivers:

Deploying server infrastructure in the cloud risks locking customers into a particular service provider. Fear of vendor lock-in is often cited as a major obstacle to adoption of cloud services. Additionally, the complexities of migrating cloud services require multiple customers to stay with the provider to avoid the cumbersome process. The rise of multi-cloud systems management allows vendors to avoid dependencies with the help of a highly standardized cloud environment. To avoid vendor lock-in, end-users should ensure that the chosen architecture can run in heterogeneous clouds. Data available in the cloud can also be easily migrated to another cloud. The emergence of multiple cloud service providers has made the market highly competitive and provides end users with many options to choose from. Businesses need the flexibility to port applications between different vendors. End users are choosing cloud offerings from a variety of sources to avoid vendor lock-in. For example, businesses adopt public cloud services from vendors such as Amazon, Microsoft, and Google to store trivial data, while preferring private clouds or on-premise systems to store confidential data. Thus, CSB simplifies the management of multi-cloud and hybrid environments without involving control of critical resources and eliminates vendor lock-in.

Restraints:

Companies providing services on cloud platforms operate in a variety of industries and businesses, such as financial services, public sector, healthcare, and telecommunications. Industry-specific regulations and other requirements and standards are evolving. However, adverse evolving industry-specific laws, regulations, interpretive positions or standards can harm your business. Compliance costs and other burdens imposed by industry-specific legal, regulatory and interpretive positions may limit customer use and adoption of solutions and services and reduce overall demand. Compliance with these regulations may require service providers to dedicate significant resources to support specific customers, which can increase costs and lengthen sales cycles. For example, financial services regulators have imposed guidelines on the use of cloud computing services that require financial services companies to obtain regulatory approval or have specific regulations before outsourcing certain functions. However, the entire business may be disrupted if the organization is unable to comply with guidelines or regulations, or end users cannot obtain regulatory approval to use the service.

Challenges:

There is a lack of awareness of the benefits of cloud computing and storage services and solutions. Lack of awareness creates a significant gap between consumers and suppliers. Cloud infrastructure services have grown over a period of time. However, security, scalability and interoperability have always been major challenges. Experts are also concerned about the consequential data loss in the aggregated cloud ecosystem. Because of this, many small industries are reluctant to move data from on-premises to the cloud. Therefore, cloud processes must be constantly monitored to minimize risks and improve security features.

Opportunities:

Cloud adoption by SMBs is increasing day by day as smaller companies are reaping the benefits of cloud-based solutions. Cloud-based solutions solve a series of challenges for SMEs, such as strengthening IT operations and reducing IT costs. Public clouds have recently become popular among small and medium-sized businesses. According to Flexera's State of the Cloud Report 2020, small businesses are adopting public cloud faster than large enterprises. Opportunities in the SME sector for cloud providers are accelerating through internal activation models, providing a good market for external cloud intermediaries such as telecom providers and SIs as well. More cloud adoption in the SME sector through multi-source cloud services will ensure a better future for the market.

Cloud Services Brokerage Market report scope:

Report Attributes

Details

 Growth Rate

CAGR of 16.58% from 2022 to 2030.

 By Type

Public, Private, Hybrid

 By Application

Government, IT and telecom, Manufacturing, BFSI, Retail, Healthcare, Others

 By Companies 

International Business Machines Corporation (IBM), Microsoft Corporation, Oracle Corporation, Amazon Web Services, Inc. (AWS), Auxesis Services & Technologies (P) Ltd., Bitfury Group Limited, Cognizant, Infosys Limited, SAP SE, Tata Consultancy Services Limited.

Regions and Countries Covered

  • North America: (US, Canada, Mexico, Rest of North America)
  • Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
  • Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
  • The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
  • Latin America(Brazil, Argentina, Rest of Latin America)
  • Rest Of the World

 Base Year

 2022

 Historical Year

 2017 to 2022

 Forecast Year

 2023 to 2030

Important Points from this Cloud Services Brokerage Market Report

  • Estimate Cloud Services Brokerage market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
  • Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
  • Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
  • Get a quick viewpoint on the Cloud Services Brokerage market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
  • Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
  • Get complete insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Cloud Services Brokerage market?

The Cloud Services Brokerage Market is growing at a CAGR of 16.58% During Forecast Period.

What are the key types of Cloud Services Brokerage market?

Public, Private, Hybrid

What are the key applications of Cloud Services Brokerage market?

Government, IT and telecom, Manufacturing, BFSI, Retail, Healthcare, Others

Who are the key players in Cloud Services Brokerage market?

International Business Machines Corporation (IBM), Microsoft Corporation, Oracle Corporation, Amazon Web Services, Inc. (AWS), Auxesis Services & Technologies (P) Ltd., Bitfury Group Limited, Cognizant, Infosys Limited, SAP SE, Tata Consultancy Services Limited.

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