Global Cloud Services Brokerage Market Analysis Report 2023-2028: Market Thriving on Cloud Computing Boom and Tech Advancements, Catalyzed by Growing Demand for Hybrid IT

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Sep 14, 2023, 12:00 ET

DUBLIN, Sept. 14, 2023 /PRNewswire/ -- The "Cloud Services Brokerage Market by Service Type, Platform, Deployment Model, Organization Size, End User, and Region 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global cloud services brokerage market size reached US$ 10.11 Billion in 2022. Looking forward, the market is set to reach US$ 25.82 Billion by 2028, exhibiting a growth rate (CAGR) of 16.80% during 2023-2028.

The report has provided a detailed breakup and analysis of the cloud services brokerage market based on the service type. This includes integration and support, automation and orchestration, billing and provisioning, migration and customization, security and compliance, and others. According to the report, integration and support represented the largest segment.

The advent of cloud-based services, the widespread adoption of AI, big data analytics, and IoT, and ongoing innovations and technological advancements represent some of the key factors driving the market.

Cloud services brokerage (CSB) refers to an IT role and business model that provides intermediation services to help organizations manage and integrate their cloud services from multiple providers. It offers a range of services, including cloud service selection, integration, customization, migration, security, governance, compliance, and management.

It acts as a mediator between cloud service providers and the organization, helping them leverage the benefits of multiple cloud services while managing their risks, costs, and complexity. CSB provides a single point of contact for organizations to access and manage their cloud services and ensure efficient, simultaneous working, which, in turn, improves their overall efficiency and productivity.

North America was the largest market for cloud services brokerage. Some of the factors driving the North America cloud services brokerage market included the growing number of businesses adopting cloud computing, the rising use of IoT and AI, and ongoing technological innovations.

The report has also provided a comprehensive analysis of the competitive landscape in the global cloud services brokerage market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Cloud Services Brokerage Market Trends:

The widespread adoption of cloud computing is primarily driving the product demand, as an increasing number of organizations are seeking assistance with managing their complex and diverse cloud environments. Consequently, the rising demand for cloud security and compliance is creating a favorable outlook for the market.

Moreover, the growing demand among various industrial verticals for hybrid IT and multi-cloud management to improve performance and output and reduce enterprise costs are contributing to the market growth. Besides this, the implementation of numerous favorable government initiatives supporting the development of cloud infrastructure is acting as another significant growth-inducing factor.

In addition to this, ongoing advancements and the emergence of innovative new technologies, such as big data analytics, artificial intelligence (AI), and the Internet of Things (IoT), are presenting remunerative growth opportunities for the market.

Furthermore, the rising levels of urbanization, expanding industrialization, the continuous introduction of innovative products, such as home automation, and the proliferation of small and medium-sized enterprises (SMEs) across the world are positively impacting the market growth.

Key Questions Answered in This Report:

How has the global cloud services brokerage market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global cloud services brokerage market?
What is the impact of each driver, restraint, and opportunity on the global cloud services brokerage market?
What are the key regional markets?
Which countries represent the most attractive cloud services brokerage market?
What is the breakup of the market based on the service type?
Which is the most attractive service type in the cloud services brokerage market?
What is the breakup of the market based on the platform?
Which is the most attractive platform in the cloud services brokerage market?
What is the breakup of the market based on the deployment model?
Which is the most attractive deployment model in the cloud services brokerage market?
What is the breakup of the market based on the organization size?
Which is the most attractive organization size in the cloud services brokerage market?
What is the breakup of the market based on the end user?
Which is the most attractive end user in the cloud services brokerage market?
What is the competitive structure of the global cloud services brokerage market?
Who are the key players/companies in the global cloud services brokerage market?

Competitive Landscape:

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

Key Market Segmentation:

Deployment Model Insights: Public represented the largest segment.

Private
Public
Hybrid

End User Insights: IT and telecom represented the largest segment.

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

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

Organization Size Insights:

Large Enterprises
Small and Medium-sized Enterprises

Regional Insights:

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

For more information about this report visit https://www.researchandmarkets.com/r/lqzjcs

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