The latest report by IMARC Group, titled “Cloud Services Brokerage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“,The global cloud services brokerage market size reached US$ 10.11 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 25.82 Billion by 2028, exhibiting a growth rate (CAGR) of 16.80% during 2023-2028. 

Cloud services brokerage (CSB) is a specialized business model that has emerged with the increasing adoption of cloud computing technologies. It involves the intermediation and integration of cloud services between cloud service providers (CSPs) and cloud consumers (organizations or individuals). A cloud services broker acts as a mediator, facilitating the selection, deployment, and management of various cloud services to meet the unique requirements of businesses. This model helps organizations navigate the complexities of the cloud landscape, providing them with a centralized platform to access, monitor, and optimize their cloud resources effectively. Cloud services brokerage encompasses a range of activities, including service aggregation, customization, integration, governance, security, and management. By leveraging their expertise, brokers enable seamless integration and interoperability among different cloud services, ensuring enhanced flexibility, scalability, and cost efficiency for businesses. As a result, cloud services brokerage has gained immense traction as a trusted advisor, simplifying the cloud adoption journey and enabling organizations to harness the full potential of cloud computing technologies.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/cloud-services-brokerage-market/requestsample

Cloud Services Brokerage Market Trends and Drivers:

The global cloud services brokerage market is primarily driven by the escalating demand for multi-cloud and hybrid cloud environments. Nowadays, organizations are adopting various cloud services from multiple vendors to achieve greater flexibility, mitigate risks, and optimize performance. Cloud services brokerage helps businesses seamlessly integrate and manage multi-cloud deployments, providing centralized control and visibility over disparate cloud resources. Additionally, the growing complexity of cloud services necessitates specialized expertise to navigate the landscape effectively, which is augmenting the product demand. Cloud services brokers also offer consultancy and advisory services, guiding organizations in selecting the most suitable cloud solutions and ensuring successful migration and integration. Moreover, the rising concerns about data security and privacy are fueling the demand for cloud services brokerage. Besides this, brokers play a vital role in implementing robust security measures, managing access controls, and ensuring compliance with regulatory requirements, thereby contributing to market growth. Organizations are seeking ways to optimize their cloud spending and ensure the best return on investment. Consequently, the surging need for cost optimization and efficiency is accelerating product adoption rates as cloud services brokerage offers cost management tools and expertise to help organizations analyze their cloud usage, identify cost-saving opportunities, and optimize their cloud spending. Furthermore, the emergence of innovative technologies, such as artificial intelligence and machine learning, within cloud services brokerage is propelling market growth. These technologies enable intelligent decision-making, automation, and predictive analytics, enhancing the overall efficiency and effectiveness of cloud service management. Along with this, the increasing awareness about the benefits of cloud services brokerage in streamlining operations, reducing costs, and driving innovation, is anticipated to catalyze market growth in the coming years.

Report Segmentation:

The report has segmented the market into the following categories:

Service Type Insights:

• Integration and Support
• Automation and Orchestration
• Billing and Provisioning
• Migration and Customization
• Security and Compliance
• Others

Platform Insights:

• Internal Brokerage Enablement
• External Brokerage Enablement

Deployment Model Insights:

• Private
• Public
• Hybrid

Organization Size Insights:

• Large Enterprises
• Small and Medium-sized Enterprises

End User Insights:

• IT and Telecom
• BFSI
• Government and Public Sector
• Healthcare
• Consumer Goods and Retail
• Manufacturing
• Energy and Utilities
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• Accenture Public Limited Company
• ActivePlatform Limited
• Arrow Electronics Inc
• Atos SE
• Cognizant Technology Solutions Corporation
• Fujitsu Limited
• International Business Machines Corporation
• NTT Data Inc. (Nippon Telegraph and Telephone Corporation)
• Tech Mahindra Limited
• Wipro Limited

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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