The global cloud services brokerage market is estimated to value over US$ 16.1 billion by the end of 2026 and register a CAGR of 15.4% during the forecast period of 2019 to 2026.
Cloud-based solutions are widely
adopted due to the ease of data access, significant cost savings, multi-device
accessibility and greater storage and processing capacity through a centralized
platform. With the cloud services brokerage, enterprises can customize cloud
services using the option of open-source projects. Also, the inclination of
enterprises on the usage of advanced technologies like IoT, blockchain,
augmented reality/virtual reality etc. based on pay-as-you-go cloud pricing
model is significantly boosting the cloud services brokerage market.
Additionally, the utilization of Platform-as-a-Service (PaaS) and
Infrastructure-as-a-Service (IaaS) across various IT enterprises to innovate
and test applications is enhancing the platform performance. The use of hybrid
IT cloud by large enterprises is increasing day by day inducing a further
requirement for integrating the cloud-based applications and other platforms
through cloud service brokerage. The business to business (B2B) process and
back office operations in the small and medium organization now rely on the
cloud which is managed by cloud service brokerage due to its ability to provide
tailored and secured services to varied industry verticals. The trend towards
outsourcing interdependent business process creates compliance risks and
complexity that is efficiently handled by cloud services brokerage even in the
multi-cloud vendor scenario.
The promotion of digital banking services supported by the equally rising
number of digital payment vendors is significantly creating growth
opportunities for the global cloud services brokerage markets during the
forecast period of 2019-2026. Lack of awareness about the paybacks of cloud
services brokerage solutions, coupled with the escalating concerns related to
cybersecurity vulnerabilities among consumers, may obstruct the growth over the
suggested forecast period.
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Global Cloud Services
Brokerage Market, by Service Type:
+
Operations Management
+ Support and Maintenance
+ Catalog Management
+ Reporting and Analytics
+ Workload Management
+ Integration
+ Training and Consulting
+ Security and Compliance
Global
Cloud Services Brokerage Market, by Platform:
+
Internal Brokerage
+ External Brokerage
The internal brokerage provides the organizational users with unified
Software-as-a-Service(SaaS) management, licence support, security and overall
enhanced user experience. A significant number of telecom service providers,
value-added resellers and distributors depend on multi-tenant cloud delivery
provided by the external brokerage for administration, billing, consumer
support and other related functions. Hence the external brokerage segment is
expected to grow robustly as the aforementioned verticals continue to expand
rapidly during the forecast period.
Global Cloud Services
Brokerage Market, by Organization Size:
+
Small and Medium-Sized Enterprises
+ Large Enterprises
Global Cloud Services
Brokerage Market, by Vertical:
+
Banking, Financial Services, and Insurance
+ Retail and Consumer Goods
+ Healthcare and Life Sciences
+ Manufacturing
+ IT and Telecommunications
+ Media and Entertainment
+ Government and Public Sector
+ Energy and Utilities
+ Others
Global Cloud Services
Brokerage Market, by Region:
+ Europe
+ North America
+ APAC
+ Latin America
+ Rest of World
With a large number of existing data centres, IT base and cloud services
providers North America dominates the global market and projected to continue
at a steady CAGR during forecasted tenure. A huge number of small and medium
enterprises are shifting to cloud in order to gain competitive advantage and
reduce operational costs of business in the APAC region. Furthermore, the local
governments are actively taking initiatives and funding the development of
cloud-based services across the APAC region. Thus APAC region is anticipated to
grow with a resilient CAGR during 2019-2026.
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Competitive Landscape:
+ Tier 1 players- established
companies in the market with a major market share
+ Tier 2 players
+ Emerging players which are growing rapidly
+ New Entrants
Future Wise
Takeaways
+ Growth prospects
+ SWOT analysis
+ Key trends
+ Key data points affecting market growth
Objectives of the Study:
+ To provide with an exhaustive analysis on the global cloud services brokerage market trends on the basis of the service type, platform, deployment model, organization size, vertical, and region
+ To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
+ To evaluate and forecast micro-markets and the overall market
+ To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East.
+ To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
+ Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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