Cloud Services Brokerage Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

Cloud Services Brokerage Market Global Trends, Market Share, Industry Size,
Growth, Opportunities, and Market Forecast 2019 to 2026
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-aService(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 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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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.

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