Cloud Service Brokerage Market Size, Industry Applications, Sales Revenue, Share, Recent Trends with Competitive Landscape

 

The increase in the usage of different cloud services is the key driving factor of this market. 

Market Size –5.03 billion in 2019, Market Growth - CAGR of 16.4%, Market Trends – Increase in the adoption of hybrid IT and multi-cloud management

According to a report by Reports and Data, the Global Cloud Service Brokerage Market is expected to reach USD 19.44 billion by 2027. The key factor driving the growth of this market is the increase in usage of different cloud services like hybrid IT and multi-cloud management which is developed to provide ease of accessibility of information or data from any corner of the world. 

The growth in the market size of the cloud service brokerage market is also attributed to the increase in adaptation of PaaS (Platform-as-a-Service) by different start-ups and other enterprises and the development of test applications. 

In addition, the contribution of the government to the betterment and development of telecom networks in terms of infrastructure is estimated to be the major driving factor in the forecast period. Also, the penetration of the internet all over the world can be considered to be a contributing factor. 

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Cloud brokers can have certain problems and limitations while transforming any kind of information or application from one ecosystem to the other. Hence it provides services that aren't as efficient as expected as the application gets looked away into a single cloud service vendor. This factor is the main cause of restraining the growth of this market. Other than that, moving applications between CSPs that are cost-effective and provide the best performance is a major restraint for cloud brokers. 

North America dominated the market share, with 35% of the total revenue produced in this market in 2018. The availability of IT and telecom service providers, early adaptation of technological advancement, and availability of state-of-the-art infrastructure is key factors driving the market in this region. This region is estimated to remain the major shareholder in the upcoming years followed by the Asia Pacific. 

Key highlights of the market report 

• On the basis of service type, the Cloud services brokerage market has been segmented into operations management; catalogue management; workload management; integration, reporting and analytics; security and compliance, and training and consulting. Among all the segments in this category, workload management is expected to dominate the market share in the forecast period. The transformation of workload seems extremely challenging for enterprises, and hence brokers help address these issues by providing the best workload management services which interns drive this segment of the market. 

• On the basis of the platform, the Cloud services brokerage market has been segmented into internal brokerage enablement and external brokerage enablement. The external brokerage enablement segment is expected to grow in the upcoming years, and it provides a management platform to distributors, telecom service providers, and cloud providers along with multi-tenant delivery which in turn helps in the enablement of channels, providing different services, and management of data.  

• On the basis of organization size, the Cloud services brokerage market has been segmented into large enterprises and Small and Medium-sized Enterprises (SMEs). From all the segments Small and Medium-sized Enterprises are going to witness maximum growth as these enterprises face more resource crunch as compared to the large enterprises and are in search of better management of cost optimization of their business processes. 

• On the basis of region, the market is segmented into North America, Asia Pacific, Europe, Latin America, Middle East, and Africa. North America dominated the market share, with 35% of the total revenue produced in this market in 2018. The availability of IT and telecom service providers, early adaptation of technological advancement, and availability of state-of-the-art infrastructure is key factors driving the market in this region. This region is estimated to remain the major shareholder in the upcoming years followed by the Asia Pacific. The Asia Pacific is projected to witness exponential growth in the forecast period due to increased adoption of cloud-based services. 

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Reports And Data has segmented the Cloud Service Brokerage Market based on product service, platform, development, and region.

Key Players - Accenture PLC, Capgemini S.A, NEC Corporation, Jamcracker, Inc., RightScale, Inc., Arrow Electronics, Inc., Hewlett Packard Enterprise, International Business Machines Corporation, Nephos Technologies, and DoubleHorn, LLC.

Product Service Outlook (Revenue, USD Million 2017-2027)

• Workload management
•  Catalogue management
•  Integration
•  Operation management
•  Training and consulting
•  Support & maintenance

Platform Outlook (Revenue, USD Million, 2017 - 2027)

•  External brokerage
•  Internal brokerage

Development Outlook (Revenue, USD Million, 2017 - 2027)

•  Public cloud 
• Private cloud
•  Hybrid cloud

Regional Outlook (Revenue, USD Million, 2017- 2027)

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Russia
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• New Zealand
• Rest of APAC
• Latin America
• Brazil
• Mexico
• Rest of LATAM
• Middle East and Africa
• U.A.E.
• Saudi Arabia
• South Africa
• Rest of MEA

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