Dallas, Texas, Oct. 14, 2022 (GLOBE NEWSWIRE) -- The global Cloud Services Brokerage market is expanding due to a number of factors, including rising flexibility and productivity as well as decreasing business costs. Another important aspect driving the market is the growing adoption of hybrid IT and multi-cloud management. The key issues impeding the market's growth, however, include the rising concerns about data security and the lack of awareness about cloud services brokerage. Businesses are given a variety of options due to the rapidly growing usage of multi-cloud platforms. Businesses usually rely on outside knowledge to select the best cloud solutions and ensure consistency in security, performance, and business agility. Over the course of the projection period, this is expected to promote market growth.
Additionally, organizations and their processes are always adapting to meet consumer demands as a result of the changing technology landscape. Cloud technology is being adopted by more and more businesses. The job of enabling the enterprise's adoption of cloud services is one that the IT teams of the companies must carry out.
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Aggregation, integration, and customization brokerage are the three main responsibilities that make up the cloud services brokerage IT job and business model, which allows an organization to add value to one or more cloud services (public or private). In order to implement and manage CSB-related initiatives, a cloud service broker offers a set of tools, personnel, and management strategies. The private and public cloud environments can be combined by IT organizations and service providers for their staff, and clients, and through their channels.
In order to help businesses select the services and offer that best meets their needs, cloud service brokerage acts as an intermediary between cloud providers and cloud consumers. They might also help with the deployment and integration of apps across many clouds, or they might offer a selection of services from a catalog that competes with one another in order to reduce costs. The global cloud services brokerage market size was estimated at USD 10.60 billion and is anticipated to increase at 16.60% CAGR to reach USD 42.17 billion by 2030.
Cloud Services Brokerage Market Scope:
| Metrics | Details |
| Key Players | Accenture (Ireland), IBM (U.S.), VMware (U.S.), Jamcracker (U.S.), BitTitan (U.S.), NTT Data (U.S.), ActivePlatform (Belarus), Arrow Electronics (U.S.), Cloudmore (Sweden), CloudSME (Germany), Wipro (India), DXC Technology (U.S.), iPortalis (U.K.), Cognizant (U.S.), InContinuum (Netherlands), Infosys (India), Flexera (U.S.), OpenText (Canada), Fujitsu (Japan), CloudFX (Singapore), Proximitum (U.K.), Eshgro (Netherlands), NEC (Japan), AWS (U.S.), Shivaami (India), TCS (India), Pax8 (U.S.), Oracle (U.S.), Microsoft (U.S.), Capgemini (France), and Doublehorn (U.S.). Cymbals, Tama, Cort, Casio, Freq Roland, Fender Musical Ibanez, Korg, Mapex, Kawai |
| By Service | Integration, Sourcing, and Procurement, Vendor Management, Governance & Control |
| By Deployment | Private, Public, Hybrid |
| By Organization Size | Internal Brokerage Enablement, External Brokerage Enablement |
| By End-Users | IT & Telecommunication, BFSI, Government & Public Sector, Healthcare, Consumer Goods & Retail, Manufacturing, Energy & Utilities, Others |
The External Cloud Services Brokerage category offers multi-tenant cloud delivery and management platforms to telecom service providers, distributors, value-added resellers, and cloud providers. This platform helps with the delivery of several services, the development of channels, and the management of administrative duties. The enablement platform collaborates with several cloud service providers on a uniform platform.
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Due to the existence of numerous suppliers and the quick adoption of cloud-based solutions in this area, North America is anticipated to have the largest market size. The market in APAC is predicted to expand at the highest CAGR during the projection period because of the rise in awareness and acceptance of scalable, affordable CSB.
In India, Microsoft will release Back2Business Solution Boxes for SMBs in May 2020. During COVID-19, the new solution intends to support Indian SMBs to retain business continuity and sustain cloud adoption. Additionally, it intends to alleviate the difficulties SMBs have when they conduct remote business.
Table of content:
1. Introduction
2. Research Methodology
3. Market Outlook
4. The Cloud service brokerage Market by Service Outlook, 2019-2029 (USD Billion)
5. The Market by Deployment, 2019-2029 (USD Billion)
6. The Cloud service brokerage Market by Platform, 2019-2029 (USD Billion)
7. The Cloud service brokerage Market by Organization Size, 2019-2029 (USD Billion)
8. The study of the market by End-Users, 2019-2029 (USD Billion)
9. The Cloud service brokerage Market by Region, 2019-2029 (USD Billion)
North America
the US
Canada
Europe
the UK
Germany
France
Rest of Europe
the Asia Pacific
China
Japan
India
Rest of Asia Pacific
South America
Brazil
Mexico
Rest of South America
the Middle East & Africa
10. Competitive Landscape
11. Company Profiles
12. Appendix
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