San Francisco, June 15, 2016 (GLOBE NEWSWIRE) --
A cloud services brokerage acts as a link between cloud service providers and their consumers. It adds value to the existing cloud network by introducing applications which perform efficiently and accurately in tandem. The firms act as a middleman which provide services at economical prices as well as allow companies to focus on other business matters.
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The cloud services brokerage market is projected to grow at a 45.9% CAGR over the forecast period (2013-2018). The task of navigating through the complex cloud architecture as well as providing solutions to integrate systems with existing cloud enterprises will provide an impetus to the market growth. Concerns regarding network security pose a challenge to the market.
Brokers can provide companies with an API (application program interface) and UI (user interface) to solve the complexity of cloud. Cloud services can save operational costs by outsourcing the company’s data on external servers. Integration of mobile services, big data, and BYOD (Bring Your Own Devices) can further augment market demand.
Cloud service intermediation, cloud service integration, and cloud service aggregation are the primary services listed under cloud services brokerage. Aggregation involves a virtual service provider which manages services with in-built security and portability from various cloud service providers.
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Cloud service integration maintains the data flow using B2B (business-to-business) services. The services used include IaaS (Infrastructure-as-a-Service), SaaS (Software-as-a-Service), or PaaS (Platform-as-a-Service) which require the aid of B2B vendors and infrastructure providers.
Intermediation lets the cloud service provider to enhance the existing ability of applications. All these services are based on Pay-as-you-go model which saves the company’s resources and operational expense.
Cloud services brokerage firms will rely on cloud services software to provide a myriad of services. One of the benefits includes the reduction of space normally occupied by server racks. It also minimizes the management of virtual machines and operating systems.
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Well-known players of the cloud services brokerage market are Capgemini S.A., Liaison Technologies LLC, IBM Corporation, and Dell Inc.
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