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Cloud Services Brokerage Global Market Report 2022

Cloud Services Brokerage Global Market Report 2022

  • September 2022
  • 175 pages
  • ID: 6319905
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the cloud services brokerage market are Accenture PLC, Capgemini SE, DXC Technology Company, Wipro Limited, IBM Corporation, NTT Data Inc, Cognizant Technology Solutions Corporation, Atos SE, Jamcracker Inc, Hewlett Packard Enterprise Company, NEC Corporation, Rightscale Inc, Infosys Limited, Fujitsu Ltd, Tech Mahindra Limited, Activeplatform Limited, Arrow Electronics Inc, Bittitan Inc, OpenText Corporation, Cloudmore AB, Computenext Inc, Dell Inc, Doublehorn, Nephos Technologies and Incontinuum Software BV.

The global cloud service brokerage market is expected to grow from $7.85 billion in 2021 to $9.19 billion in 2022 at a compound annual growth rate (CAGR) of 17.02%. The cloud service brokerage market is expected to grow to $17.28 billion in 2026 at a compound annual growth rate (CAGR) of 17.11%.

The cloud services brokerage (CSB) market consists of sales of cloud services brokerage by entities (organizations, sole traders, and partnerships) that refer to an IT role and business model in which a firm or other entity provides value to one or more cloud services (public or private) on behalf of one or more service users.The primary roles of a cloud services broker include aggregation, integration, and customization brokerage.

Cloud services brokers assist organizations of all kinds in utilizing cloud services at a lower cost and risk.

The main service types of cloud services brokerage are integration and support, automation and orchestration, billing and provisioning, migration and customization, and security and compliance.Integration and support cloud services brokerage provides integration and support services.

Integration and support provide services such as backup and recovery, resiliency, and security.Internal and external brokerage enablement are two platforms for cloud services brokerage.

Small, medium, and large-scale enterprises in banking, financial services and insurance (BFSI), telecommunications, information technology (IT) and information technology-enabled services (ITeS), government and public sector, retail and consumer goods, manufacturing, energy and utilities, media and entertainment, healthcare and life sciences use the cloud services brokerage.

North America was the largest region in the cloud services brokerage market in 2021.Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in the cloud services brokerage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The cloud services brokerage market research report is one of a series of new reports that provides cloud services brokerage market statistics, including cloud services brokerage industry global market size, regional shares, competitors with a cloud services brokerage market share, detailed cloud services brokerage market segments, market trends and opportunities, and any further data you may need to thrive in the cloud services brokerage industry. This cloud services brokerage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The growing demand for hybrid and multi-cloud strategies is expected to propel the cloud service brokerage market.A multi-cloud strategy allows different divisions to choose the optimal computing environment for their purposes.

It also allows porting of workloads across cloud service providers (CSPs).Adopting a multi-cloud and hybrid architecture will improve performance, cost savings, and scalability.

According to the Flexera 2021 State of the Cloud Report, in March 2022, which surveyed 753 global cloud decision-makers and users, organizations are broadly adopting a multi-cloud strategy, with an estimated 92% of businesses adopting a multi-cloud approach. Therefore, the growing demand for hybrid and multi-cloud strategies will drive the cloud service brokerage market.

Cloud Technological innovations are key trends in gaining popularity in the cloud service brokerage market.Major companies operating in the cloud services brokerage market are focused on providing technologically-advanced solutions to strengthen their market position.

These companies are implementing next-generation cloud services brokerage technologies into their services, such as internet of things (IoT), artificial intelligence (AI), microservices architecture, blockchain, virtualization, service-oriented architecture, multi-cloud, and others to enhance a given service by strengthening some specific competence and providing value-added services. For instance, in December 2021, BeyondTrust, a US-based privileged access management company, launched a cloud privilege broker to assist their customers in regaining control of essential cloud infrastructure and improving communication and risk mitigation associated with multi-cloud entitlements.

In March 2021, BoomTown, a US-based real estate platform development company, acquired Brokermint for an undisclosed amount.Through its acquisition of Brokermint, BoomTown has become one of the companies in fully integrated, end-to-end real estate transaction lifecycle solutions.

Brokermint is a US-based provider of cloud-based brokerage management software solutions.

The countries covered in the cloud services brokerage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

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