The latest market report published by Credence Research, Inc. The cloud services brokerage market is expected to be worth US$ 15.0 billion by 2027, up from US$ 6.2 billion in 2020. During the forecast period, the market is expected to grow at a CAGR of 13.4%.
As businesses navigate the expansive realm of cloud computing, many are realizing that managing multiple cloud services can be both complex and time-consuming. This realization has led to the rapid emergence of the Cloud Services Brokerage (CSB) market, which simplifies the deployment, integration, and management of cloud services. CSBs are essentially intermediaries that help organizations adopt and manage cloud services more effectively, driving efficiency and enhancing performance.
The Ascendance of the CSB Market
With the proliferation of diverse cloud services, from Infrastructure-as-a-Service (IaaS) to Software-as-a-Service (SaaS), companies often find themselves juggling multiple platforms and vendors. This is where CSBs come into play. They offer a centralized point of governance, ensuring seamless integration, cost optimization, and consistent performance across various cloud services.
According to Gartner, the CSB market is poised to grow at an impressive rate, with projections indicating that more than 60% of large enterprises will be using some form of cloud services brokerage by 2025.
Key Offerings and Innovations
Leading CSBs offer a range of solutions including aggregation, integration, and customization. They enable businesses to bundle multiple cloud services, ensuring streamlined operations and efficient cost models. Moreover, they provide a unified dashboard, which allows IT teams to monitor performance metrics and security protocols across different cloud platforms.
Furthermore, the CSB market is witnessing a slew of innovations. Advanced brokerage platforms now incorporate artificial intelligence and machine learning capabilities, which enhance cloud performance optimization, automate mundane tasks, and forecast potential issues.
Browse the Full Report: https://www.credenceresearch.com/report/cloud-services-brokerage-market
Challenges and Opportunities Ahead
While the CSB market offers myriad advantages, it is not without challenges. Data privacy concerns, integration complexities, and the dynamic nature of the cloud ecosystem require CSBs to constantly evolve and adapt. Establishing trust with clients, especially when serving as an intermediary, is paramount.
Yet, the future looks bright for the CSB market. As businesses continue to migrate to the cloud and embrace digital transformation, the demand for brokerage services will only increase. Organizations that leverage CSBs will find themselves better positioned to capitalize on the benefits of the cloud, all while ensuring agility, scalability, and security.
In conclusion, as we forge ahead in the digital age, the Cloud Services Brokerage market will undoubtedly play a pivotal role in shaping the cloud landscape, guiding businesses towards a more integrated and efficient future in cloud computing.
List of Companies Covered:
Accenture (Ireland), IBM (US), VMware (US), Jamcracker (US), ActivePlatform (Belarus), Arrow Electronics (US), Cloudmore (Sweden), Wipro (India), DXC Technology (US), iPortalis (UK), Cognizant (US), InContinuum (Netherlands), Flexera (US), BitTitan (US), OpenText (Canada), CloudFX (Singapore), Proximitum (UK), Eshgro (Netherlands), NEC (Japan), AWS (US), CloudSME (Germany), Shivaami (India), NTT Data (US), Infosys (India), TCS (India), Pax8 (US), Oracle (US), Fujitsu (Japan), Microsoft (US), Capgemini (France), and Doublehorn (US)
By Segmentation Types:
By Platform
- Internal Cloud Services Brokerage
- External Cloud Services Brokerage
By Deployment Model
- Public
- Private
- Hybrid
By Enterprise
- Small and Medium Enterprise (SME)
- Large Enterprise
By End-user Industry
- IT and Telecom
- BFSI
- Retail
- Healthcare
- Government
- Manufacturing
- Other End-user Industries
By Geography Type
- North America (U.S. and Rest of North America)
- Europe (U.K., Germany, France, and Rest of Europe)
- Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
- Rest of World (Middle East & Africa (MEA), Latin America)
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