According to the report by Expert Market Research (EMR), the global cloud services brokerage market size is projected to grow at a CAGR of 17.2% between 2024 and 2032. Aided by the growing complexity of cloud services and the need for seamless cloud integration, the market is expected to grow significantly by 2032.
Cloud services brokerage acts as an intermediary between cloud service providers and consumers, facilitating the selection, procurement, and management of cloud services. CSBs offer a range of services, including cloud integration, customisation, and aggregation, to enhance the efficiency, cost-effectiveness, and security of cloud computing for businesses.
The cloud services brokerage market growth is primarily driven by the increasing adoption of multi-cloud and hybrid cloud strategies across various industries. As businesses strive to leverage the strengths of different cloud platforms while ensuring interoperability, CSBs play a crucial role in integrating diverse cloud services, managing data movement, and maintaining consistent operations across environments.
Get a Free Sample Report with a Table of Contents: https://www.expertmarketresearch.com/reports/cloud-services-brokerage-market/requestsample
Another significant factor contributing to the market growth is the rising demand for cost-effective and flexible cloud solutions. CSBs help businesses optimise their cloud spending by selecting the most appropriate services and providers, negotiating contracts, and providing ongoing management and support. This approach is particularly beneficial for small and medium-sized enterprises (SMEs) that require access to high-quality cloud services without the complexities and costs of direct management.
The growing focus on cybersecurity in the cloud is also fuelling the cloud services brokerage market demand. As data breaches and cyber threats become more prevalent, businesses are seeking CSBs that can offer robust security measures, compliance management, and risk mitigation strategies for their cloud deployments.
Technological advancements in cloud computing, such as artificial intelligence (AI) and machine learning, are further driving the market. CSBs are increasingly incorporating these technologies to enhance service offerings, improve operational efficiency, and provide personalised solutions to clients.
Regionally, North America accounts for a significant portion of the cloud services brokerage market share, attributed to the presence of major cloud service providers, advanced IT infrastructure, and a strong focus on innovation and technology adoption. However, the Asia-Pacific region is expected to witness the fastest growth during the forecast period. This growth can be attributed to the rapid digital transformation, increasing cloud adoption among SMEs, and supportive government initiatives in emerging economies such as China and India.
Cloud Services Brokerage Market Segmentation
The market can be divided based on platform, deployment model, organisation size, vertical, and region.
Market Breakup by Platform
- Internal Brokerage Enablement
- External Brokerage Enablement
Market Breakup by Deployment Model
- Public
- Private
- Hybrid
Market Breakup by Organisation Size
- Large Enterprises
- Small and Medium Sized Enterprises
Market Breakup by Vertical
- Banking, Financial Services, and Insurance
- IT and Telecom
- Government and Public Sector
- Retail and Consumer Goods
- Manufacturing
- Healthcare and Life Sciences
- Energy and Utilities
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/cloud-services-brokerage-market
Competitive Landscape of Cloud Services Brokerage Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global cloud services brokerage market. Some of the major players explored in the report by Expert Market Research are as follows:
- IBM Corporation
- Oracle
- Microsoft Corporation
- Accenture PLC
- VMware
- Others
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact:
Company Name: Claight Corporation
Contact Person: Anna Poliatova, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
