PUBLISHER: Renub Research | PRODUCT CODE: 1594275
PUBLISHER: Renub Research | PRODUCT CODE: 1594275
Cloud Services Brokerage Market Size
The Cloud Services Brokerage market is anticipated to increase from US$11.46 billion in 2024 to reach US$42.44 billion by 2033, with a CAGR of 15.66% from 2025 to 2033. The Cloud Services Brokerage market growth potential will be on account of an increase in cloud-based services, adoption of AI, big data analytics, IoT, technological advancement, and innovations.
Global Cloud Services Brokerage Industry Overview
Cloud Services Brokerage (CSB) is a brokerage model designed to facilitate the process of organizations in managing their optimizing cloud services by acting as intermediary between users and multiple cloud service providers. CSBs facilitate the integration, management, and optimization of multiple variety services due to the process of helping businesses understand how to access such multiple options through a single interface. They aggregate the services, customize them, and deliver them according to the specific needs of any organization in the marketplace while working toward improving their service efficiency, reducing costs, and enhancing flexibility.
CSBs offer services such as the procurement and integration of a cloud, and managing multiple vendors' clouds. They will help an enterprise make an appropriate choice between cloud solutions, managing workloads between different systems, and an effortless integration of on-premises infrastructure with the cloud. Cloud brokerage also helps organizations optimize their cloud resources, automate processes, and performance monitoring. As it simplifies the adoption and management of the cloud, this is where CSBs can benefit businesses looking to achieve agility, scalability, and cost-effectiveness in running the cloud operations.
Growth Drivers for the Cloud Services Brokerage Market
Improving Adoption of Cloud in Industries
There is a major growth driver for the Cloud Services Brokerage market; this is the increased adoption of cloud computing across several industries. Most businesses when transitioning to the cloud tend to utilize various cloud services from different providers, thus making management tricky. CSBs make it easier by acting as a bridge between organizations and actual cloud implementations, thereby aiding in integration, management, and optimization of their cloud services. Apparently compelled by customers' needs to adopt cloud services with minimal failures, scalability, and flexibility, the demand for CSBs is growing. As businesses seek means to extract maximum value from cloud investments and optimize operations, they would need CSBs to help iron out their entry into it.
Growing Demand for Multi-Cloud and Hybrid Cloud Solutions
In the backdrop of business-onboarding in multi-cloud and hybrid cloud environments to avoid vendor lock-in and achieve flexibility, the adoption of Cloud Services Brokerage has gained momentum. CSBs provide organizations with an ability to manage harmoniously multiple cloud environments with such performance being optimal and safe in conformance with all platforms. In this scenario of cloud services being adopted either from public, private, or on-premises by companies, CSBs come with the required tools to aggregate, monitor, and fine-tune diverse infrastructures of clouds. With the complexity that a multi-cloud setup offers, CSBs have become absolutely necessary in dealing with business strategies on effective management and optimization of cloud strategies for a firm.
Cost Optimization and Resource Management
Clouds facilitate more services to be moved into the service, meaning firms now must consider how their services are being utilized in this respect. Cloud Services Brokers offer an opportunity for such businesses to optimize and minimize cloud expenses by providing them with tools to track and assist in optimizing cloud usage while only paying for what they need. CSBs allow organizations to monitor the consumption of their cloud services and identify those inefficiencies that would be able to make them take informed decisions on how to optimize resources. Indeed, with centralized management of each and every cloud infrastructure, companies can now control their expenses and utilization of resources and ensure they do not exceed, making them integral for businesses looking to maximize the cost-effectiveness of their cloud infrastructure.
Canada Cloud Services Brokerage Market
Hence, the Canadian Cloud Services Brokerage market is growing at a rapid pace as cloud usage continues to increase across different markets and there is a growing demand for multi-cloud and hybrid cloud solutions. As the Canadian companies attempt to optimize their cloud infrastructure, CSBs simplify the management complexity by providing a platform that aggregates various cloud providers onto one single platform. The further needs for cost optimization, resource management, and seamless integration across different cloud environments help support the market. With a focus on scalability, flexibility, and increasing efficiency in operations, the CSB market for Canada is poised to continue growth where it may be a benefit of sectors such as finance, healthcare, and retail. April 2024 marked Telehouse's coming launch of Telehouse Canada, bringing to Canadian businesses the enhanced IT infrastructure and connectivity services needed to power Canadian growth and innovation. France Cloud Services Brokerage Market
France CSB market
Increasingly, French organizations are looking for easy and efficient ways to manage these complex, costly, and sometimes exposed cloud environments. CSBs offer critical services around cloud integration, resource optimization, and vendor management-and can greatly help businesses simplify their adoption of the cloud. The growth of demand for security, compliance, and performance monitoring by different cloud platforms compels the market even more. Companies from various domains such as finance, health care, and manufacturing are shifting to the cloud; therefore, their CSB market in France is expanding. China Cloud Services Brokerage Market
China's Cloud Services Brokerage (CSB) market
With more and more Chinese businesses moving towards multi-cloud and hybrid cloud strategies, the need to efficiently manage multiple cloud environments grows exponentially. CSBs can facilitate streamlined procurements of cloud services, limit resource wastages, and make for easy integrations in Organizations. Cost savings, security and agility- it is now becoming integral for the rapidly growing Chinese digital economy. This is backed by government support for cloud initiatives and expansion in local cloud service providers. South Africa Cloud Services Brokerage Market
South Africa cloud services brokerage market
With growing demands for multi-cloud and hybrid cloud solutions, CSBs are highly required to help organizations manage their cloud environments and optimize performance. South African companies use CSBs to have a streamlined integration process with clouds, reduce costs, and use resources more efficiently in multiple platforms. The requirements of security superiority, regulatory compliance, and the need for better performance also fuel the market. With increased adoption of clouds, the demand for CSBs in South Africa will continue to grow massively. Telkom subsidiary BCX launched its Africa Local Public (ALP) Cloud service from two Johannesburg-based data centers last week, in partnership with Alibaba Cloud.
Cloud Services Brokerage Company Analysis
The major players in the Cloud Services Brokerage market are Accenture PLC, Capgemini SE, NEC Corporation, DXC Technology Company, Rightscale Inc., Wipro Limited, IBM Corporation, NTT Data Inc., and Cognizant Technology Solutions Corp.
Platform- Industry is divided into 2 viewpoints:
Deployment Model- Industry is divided into 3 viewpoints:
Enterprise- Industry is divided into 2 viewpoints:
End User- Industry is divided into 7 viewpoints:
Countries- Industry is divided into 25 viewpoints:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
All companies have been covered with 5 Viewpoints
Company Analysis