Middle East and Africa Cybersecurity Market by Component 2018-2023 | MEA Cybersecurity Market

According to new market research report on "MEA Cybersecurity Market by Solution (IAM, Encryption, DLP, UTM, Antivirus/Antimalware, Firewall, IDS/IPS, Disaster Recovery), Service (Professional and Managed), Security Type, Deployment Mode, Organization Size, Vertical, and Country - Forecast to 2023", The MEA cybersecurity market size is expected to grow from USD 15.66 billion in 2018 to USD 31.82 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.2% during the forecast period.

Cyber security solutions and services help enterprises protect their endpoints, networks, applications, and cloud environments from advanced threats, such as malwares, ransomwares, Distributed Denial of Service (DDoS) attacks, and Advanced Persistent Threats (APTs). The increasing demand among Small and Medium-sized Enterprises (SMEs) operating across industry verticals and regions would drive the market growth during the forecast period.

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192 - Tables

55 - Figures

273- Pages

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Application security segment to grow at the highest CAGR during the forecast period

The application security segment is expected to grow at the highest CAGR during the forecast period. The proliferation of mobile devices, Bring Your Own Device (BYOD) trend, and workstations has significantly increased the use of application security solutions across enterprises. Increasing attacks on enterprise applications in major industry verticals, such as energy and utilities, Banking, Financial Services, and Insurance (BFSI), and IT and telecom, would drive the demand for application security solutions.

The network security segment is expected to hold the highest  market share and continue to dominate the market during the forecast period, due to the growing instances of advanced threats on networks.

Healthcare vertical to grow at the highest CAGR during the forecast period

The healthcare industry vertical is expected to hold the highest market share and grow at the highest CAGR during the forecast period, due to the technological proliferation of healthcare applications and increased instances of healthcare data thefts and breaches. The adoption of cybersecurity solutions provides advanced protection from threats, without affecting operational efficiency.

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Middle East to hold a larger market size, whereas Africa to grow at the highest CAGR during the forecast period

The Middle East is expected to hold the largest market size and dominate the MEA cybersecurity market from 2018 to 2023, due to the growing demand for cybersecurity solutions across industry verticals, such as energy and utilities, government and defense, IT and telecom, and healthcare. Owing to the rising adoption of mobile devices and BYOD trend, the cybersecurity solutions in the Middle East would gain traction during the forecast period. The African cybersecurity market is projected to witness substantial growth, as SMEs and large enterprises in the region are rapidly adopting cybersecurity solutions to ensure the security of their endpoints and mobile devices.

Major vendors in the MEA cybersecurity market include IBM (US) , CA Technologies (US), Check Point (US), Cisco (US), CyberArk (Israel), DarkMatter (UAE), DXC Technology (US), F5 Networks (US), FireEye (US), Forcepoint (US), Fortinet (US), Imperva (US), Kaspersky Lab (Russia), McAfee (US), Micro Focus (UK), Microsoft (US), Oracle (US), Palo Alto Networks (US), Proofpoint (US), Rapid7 (US), Sophos (UK), Splunk (US), Symantec (US), Trend Micro (Japan), and Trustwave (US).

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Service Market for Data Center by Service Type, Tier Type, End-User, Data Center Type, Industry, and Region - Global Forecast to 2022

According to market research report "Service Market for Data Center by Service Type (Design & Consulting, Installation & Deployment, Professional, Training & Development, Maintenance & Support), Tier Type, End-User, Data Center Type, Industry, and Region - Global Forecast to 2022", the service market for data center is estimated to grow from USD 39.68 Billion in 2017 to USD 77.51 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.33%.

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123 - Pages

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The major forces driving the service market for data center are growing data traffic, increasing complexities within data centers, higher demand for cost effectiveness, and surge in data center technology related spending within organizations. The service market for data center is growing rapidly owing to the increasing number of users opting for services that can help with the increasing data center availability by reducing downtimes.

Training and development services are expected to grow at the highest CAGR

The training and development services segment is expected to witness the highest CAGR during the period 2017 to 2022. Training and development services help organizations in improving data center performance through educational programs. Moreover, these services help in transforming enterprise IT while reducing cost. These benefits are driving the market and are anticipated to help in propelling the service market for data center to grow at the highest CAGR during the forecast period.

Tier 1 type market is expected to grow at the highest rate during the forecast period

The tier 1 type segment is expected to grow at the highest CAGR during the forecast period owing to the rapid adoption of tier 1 data center in small enterprises. Tier 1 data centers are characterized by single non-redundant connections to hardware equipment, including power and cooling distribution units. Moreover, small enterprises have lower data availability requirements, and tier 1 data centers are an economical option for these types of enterprises owing to which tier 1 data centers are witnessing growing demand from small enterprise

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North America is expected to dominate the service market for data center during the forecast period

The service market for data center segments the global market on the basis of regions which includes North America, Asia-Pacific (APAC), Europe, Middle East & Africa (MEA), and Latin America. North America is expected to hold the largest share of the service market for data center in 2017, owing to the presence of a large number of data center across various industry verticals in this region. The market in APAC is expected to grow at the highest CAGR between 2017 and 2022. The primary driving forces for this growth are increasing data center traffic, owing to the surge in mobile devices in this region.

The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, and product developments, adopted by the major players to increase their share in the market. Some of the major technology vendors include HPE (U.S.), IBM (U.S.), Schneider Electric SE (France), Cisco Systems, Inc. (U.S.), Dell, Inc. (U.S.), Fujitsu Ltd. (Japan), Vertiv Co(U.S.), Hitachi Ltd. (Japan), Equinix, Inc. (U.S.), and Huawei Technologies Co. Ltd. (China).

About MarketsandMarkets

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Markets and Markets
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Intelligent Process Automation Market by Component, Technology, Vertical, and Region - Global Forecast to 2023

According to new market research report "Intelligent Process Automation Market by Component (Solutions and Services), Technology (NLP, Machine & Deep Learning), Application (IT Operations, Business Process Automation, and Application Management), Vertical, and Region - Global Forecast to 2023", The intelligent process automation market is estimated to be USD 7.50 billion in 2018 and is projected to reach USD 13.75 billion by 2023, at a CAGR of 12.9% during the forecast period.

Key factors expected to drive the growth of the intelligent process automation market include the demand for automated IT systems that serve dynamic customer requirements, need for optimized resource utilization and enhanced decision-making, and increased investments for digital transformation of organizations.

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58 - Figures

173 - Pages

The business process automation segment is expected to grow at the highest CAGR during the forecast period.

Based on application, the business process automation segment is projected to grow at the highest CAGR during the forecast period. Business Process Automation (BPA) helps companies discover, model, analyze, measure, improve, optimize, manage, and automate various business processes, thereby enhancing their performance. Presently, companies are focused on undergoing digital transformation and exploring new ways to use AI to help automate operational processes and improve workflow efficiency. Enterprises worldwide are increasingly adopting intelligent process automation solutions to reduce operational costs without affecting the quality and efficiency of business processes.

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The solutions segment is estimated to account for a larger market share in 2018.

Based on component, the solutions segment is estimated to account for a larger share of the intelligent process automation market in 2018. Intelligent process automation solutions are witnessing a higher adoption as compared to services, as organizations are opting for these solutions to automate various workflow processes. The solutions segment has been further classified into platforms and software tools. Key benefits of intelligent process automation solutions include increased process efficiency and enhanced customer experience. Intelligent process automation solutions enable organizations to significantly reduce the time and cost required to complete business processes and workflows. These solutions offer effective ways to connect heterogeneous systems in organizations, improve data quality, and reduce data entry efforts through workflow automation.

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The intelligent process automation market in Asia Pacific is expected to grow at the highest CAGR during the forecast period.

The intelligent process automation market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increase in the adoption of new technologies, investments for digital transformation, and rise in Gross Domestic Product (GDPs) of countries in this region. Organizations in countries such as Australia, Singapore, China, Korea, Hong Kong, and India are investing in the improvement of business process and IT operations. These organizations benefit from flexible economic conditions, rapid industrialization, and globalization-motivated policies of governments in the above-mentioned countries. Organizations have readily adopted robotic process automation solutions in the past few years, and this trend is expected to gain traction with the presence of solution providers, such as Amazon Web Services (AWS), Microsoft, and Google, in this region.

Key players operating in the intelligent process automation market include Accenture (Republic of Ireland), IBM (US), Cognizant (US), Genpact (US), Atos (France), Infosys (India), Tata Consultancy Services (India), Capgemini (France), Xerox Corporation (US), Pegasystems (US), Wipro (India), EXL Service (US), Thoughtonomy (UK), CGI Group (Canada), UiPath  (Romania), HCL Technologies (India), Happiest Minds (India), Symphony Ventures (India), Avasant (US), Avanade (US), Virtual Operations (UK), Sutherland Global Services (US), KPMG (Netherlands), Tech Mahindra (India), Blue Prism (UK), and Syntel (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
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MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
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Industrial Analytics Market Growth, Size, Services, Industry Vertical, Deployment Model by 2022

According to study of new market research report "Industrial analytics Market by Component (Software, Service), Analytics Type (Descriptive, Diagnostic, Predictive, and Prescriptive), Deployment Model, organization size, Industry Vertical, and Region - Global Forecast to 2022", The industrial analytics market is expected to grow from USD 11.29 Billion in 2017 to USD 25.51 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 17.7%.

The major forces driving the industrial analytics market are beginning of the fourth industrial revolution - industry 4.0, advent of Industrial Internet of Things (IIoT), and introduction of advanced data analytics techniques. The industrial analytics market is growing rapidly because of the transformation from traditional industrial Business Intelligence (BI) techniques for analyzing industrial data to advanced techniques and massive surge in the volumes of structured and unstructured data.

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78 - Tables

49 - Figures

174 - Pages   

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Manufacturing vertical is estimated to have the largest market size in 2017

The industrial analytics market is also segmented into various industry verticals. Out of them, the adoption of industrial analytics is expected to be the highest in the manufacturing vertical. The benefits of using industrial analytics in the manufacturing vertical are to gain a competitive advantage by improving the efficiency across the product life-cycle and providing a relationship between decision-making and Return on Investment (ROI).

North America is expected to dominate the industrial analytics market during the forecast period

North America is estimated to hold the largest share of the industrial analytics market in 2017, due to technological advancements and early adoption of analytics solutions in the region. The market in APAC is expected to grow at the highest CAGR between 2017 and 2022. The primary driving forces for this growth are increasing technological adoption and huge opportunities across industry verticals in APAC countries, especially India, China, and Japan.

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Customer analytics software is expected to grow at the highest CAGR

Industrial analytics tools comprise various software, including operational analytics, risk analytics, financial analytics, marketing analytics, customer analytics, and workforce analytics. Customer analytics is expected to witness growth at the highest CAGR during the forecast period, among all industry analytics software. Customer analytics provides an organization with a consolidated and real-time picture of a customer’s buying behavior and preferences. Businesses capitalize on this information, which helps in creating campaigns that target audience more accurately and gain a better understanding of effectiveness of marketing efforts.

The report also encompasses different strategies, such as acquisitions, partnerships & collaborations, and product developments, adopted by major players to increase their share in the market. Major technology vendors in the industrial analytics market include General Electric (US), IBM Corporation (US), Microsoft Corporation (US), Oracle Corporation (US), PTC, Inc. (US), SAS Institute (US), SAP SE (Germany), Cisco Systems, Inc. (US), HPE (US), Intel Corporation (US), Hitachi, Ltd. (Japan), TIBCO Software, Inc. (US), AGT International (Switzerland), Bridgei2i Analytics Solutions (India), and Alteryx, Inc. (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Information Security Consulting Market Analysis, Size, Growth, Industry Trends, Opportunities, Forecast to 2021

According to new market research report "Information Security Consulting Market by Security Type (Network Security, Application Security, Database Security, and Endpoint Security), Organization Size (SMES and Large Enterprises), Vertical, and Region - Global Forecast to 2021", The information security consulting market is estimated to grow from USD 16.12 Billion in 2016 to USD 26.15 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.2%.

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39 - Tables

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118 - Pages   

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The major forces driving the information security consulting market are rising network complexities due to mergers and acquisitions and third-party application deployment. The information security consulting market is growing rapidly because of the growing security needs of Internet of Things (IoT), Bring Your Own Device (BYOD) trends, and increased deployment of web & cloud-based business applications.

Application security to grow at the highest CAGR from 2016 to 2021

Cyber security solutions are used to secure the network infrastructure and the devices connected through it. The emerging IoT, BYOD trends, and connected number of devices & applications are susceptible to Advanced Persistent Threats (APTs). Application security is expected to witness the highest CAGR in the global information security consulting market during the period of 2016–2021. North America is expected to account for the largest market share in 2016, due to the greater awareness of cyber security and early adoption of security consulting services in this region.

Aerospace & defense vertical to have the largest market size in 2016

The information security consulting market is also segmented by various industry verticals, out of which, the adoption of security consulting services is expected to be the highest in the aerospace and defense vertical, as the critical data and applications used by this vertical are prone to advanced threats. Moreover, government & public utilities, Banking, Financial Services & Insurance (BFSI), and Information Technology (IT) & telecom verticals are expected to gain traction during the forecast period.

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North America is expected to dominate the information security consulting market in 2016

North America is expected to hold the largest share of the information security consulting market in 2016, due to the technological advancements and early adoption of cyber security in this region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The primary driving forces for this growth are increasing technological adoption and huge opportunities across industry verticals in APAC countries, especially India and China.

The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, business expansions, and product developments, adopted by major players to increase their market share. Some of the major technology vendors include Ernst & Young (U.K.), IBM Corporation (U.S.), Accenture plc (Ireland), Atos SE (France), Deloitte (U.K.), KPMG (U.K.), PwC (U.K.), BAE Systems plc (U.K.), Hewlett Packard Enterprise (U.S.), and Wipro Limited (India).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
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By 2021 Cloud Billing Market estimated to grow from $5.68 Billion At a CAGR of 23.9%

According to new market research report on "Cloud Billing Market by Type (Subscription Billing, Metered Billing), Providers (CSP, Telecom and Communication Provider, & MSP), Application (Customer, Revenue, & Account Management, Organization Size, Vertical, and Region - Global forecast to 2021", The cloud billing market size is estimated to grow from USD 5.68 Billion in 2016 to USD 16.59 Billion by 2021, at expected Compound Annual Growth Rate (CAGR) of 23.9% from 2016 to 2021.

High demand for billing operations, centralized, and convergent billing solutions and the growing need to lower capital and operating expenditure is increasing the demand for cloud billing in the market.

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64 - Tables

50 - Figures

151 - Pages

          
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“APAC is expected to witness a high growth potential during the forecast period”

North America is expected to keep the largest market proportion in 2016 while APAC would be the fastest maturing in phrases of CAGR. Factors which includes pinnacle obligatory government guidelines, increasing want to focus on consumer courting management, rising cloud-based solution are the fundamental elements helping the increase of cloud billing market in APAC.

“Media & Entertainment and Telecommunication & ITES are expected to grow at the highest CAGR during the forecast period. “

The media and leisure enterprise is witnessing a ability boom in the cloud billing market throughout areas attributable to the growth in the adoption of virtual channels. Moreover, the telecommunications and ITES quarter has usually been at the forefront while adopting cloud-primarily based technologies to serve their customers better.

“Customer Management is expected to gain prominent traction during the forecast period”

The cloud billing market is anticipated to grow at an excellent CAGR at some stage in the forecast length. Customer retention and patron comments are the two maximum crucial elements businesses are that specialize in, thereby growing the software of customer control in the cloud billing market. Moreover, cloud billing no longer only allows in retaining the clients but additionally gives you value by organizing healthful customer-company relationship.

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“Cloud Service Billing is expected to grow at the highest CAGR during the forecast period”

Cloud carrier billing is anticipated to develop at the highest CAGR in the course of the forecast duration. Advancement in cloud era has extended the client base appreciably inside the billing marketplace and raised the call for for cloud billing. Among the diverse kinds of cloud provider billing, SaaS-primarily based offerings are becoming more popular because of its capability to offer clean customization and revolutionary functionality.

The major service providers in the cloud billing market include Amazon Web Service, Inc. (U.S.) , CSC (U.S.), IBM Corporation (U.S.), NEC Corporation (Japan), Oracle Corporation (U.S.), Amdocs, Inc. (Israel), Aria System, Inc (U.S.)., CGI Group, Inc. (Canada), SAP SE (Germany), and Zuora, Inc. (U.S.).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets 
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Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
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At a CAGR of 17.3% Cloud Services Brokerage Market expected to reach $15.03 Billion By 2023

According to new market research report "Cloud Services Brokerage Market by Service Type (Catalog Management, Workload Management, Operations Management), Platform (Internal Brokerage, External Brokerage), Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2023", The Cloud Services Brokerage (CSB) market is expected to grow from USD 6.78 Billion in 2018 to USD 15.03 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 17.3% during the forecast period.

An increasing adoption of hybrid IT and multi-cloud management is expected to drive the CSB market. Moreover, the effective pricing done through a cloud broker budgeting offers a proper alignment of resources, discount policies for customers, and shape a demand based on consumption. This is expected to further fuel the demand for CSB among the end-users.

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35 - Figures

142 - Pages

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The workload management segment is expected to grow at the highest CAGR during the forecast period

Based on service type, the CSB market has been segmented into operations management; catalog management; workload management; integration, reporting and analytics; security and compliance, and training and consulting. The workload management segment is expected to grow at the highest rate during the forecast period. A cloud service broker enables organizations to assess which on-premises workloads are cloud-ready, and assists the organizations in moving cloud workloads among different CSPs based on price and other associated factors. The migration of workloads seems challenging for organizations, and the brokers help in addressing the challenge by providing workload management services.

The external brokerage enablement segment is expected to grow at a considerable CAGR during the forecast period

Based on platform, the cloud services brokerage market has been segmented into internal brokerage enablement and external brokerage enablement. The external brokerage enablement segment provides a multi-tenant cloud delivery and management platform to telecom service providers, distributors and Value-Added Resellers, and cloud providers that help in providing various services, enablement of channels, and management of administration activities. The enablement platform also collaborates various cloud service offerings on a common platform. The external brokerage enablement segment is expected to grow, due to various business benefits and opportunities that it offers to technology and service providers.

The SMEs segment is expected to grow at a higher CAGR during the forecast period

Based on organization size, the CSB market has been segmented into large enterprises and Small and Medium-sized Enterprises (SMEs). The SMEs segment is expected to grow at a higher CAGR during the forecast period, as SMEs face greater resource crunch than larger enterprises and require better methods to solve the complexities of cost optimization of their business processes. Cloud services have become a central part of the business processes in SMEs, due to cost efficiency, ease of use, and the flexibility offered. The CSBs enable SMEs to have a strict control on their cloud needs and service provisioning. This is expected to fuel the demand for CSB over the next 5 years.

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North America is expected to dominate the cloud services brokerage market during the forecast period

The global CSB market by region has been segmented into North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. North America is estimated to have the largest market size in 2018, owing to the presence of several vendors and rapid adoption of cloud-based solutions in this region. The market in APAC is expected to grow at the highest CAGR during the forecast period, owing to the increase in awareness and adoption of cost-effective and scalable CSB.

The report also studies various growth strategies, such as mergers and acquisitions, partnerships and collaborations, and developments, adopted by the major players to increase their shares in the market. Major technology vendors in the cloud services brokerage market include Accenture (Ireland), DoubleHorn (US), Jamcracker (US), IBM (US), HPE (US), RightScale (US), Dell (US), Wipro (India), Arrow Electronics (US), ActivePlatform (Belarus), Cloudmore (Sweden), InContinuum (Netherlands), DXC Technology (US), Cognizant (US), BitTitan (US), Nephos Technologies (UK), OpenText (Canada), ComputeNext (US), CloudFX (Singapore), Fujitsu (Japan), Tech Mahindra (India), Atos (France), Cloudreach (UK), Neostratus (Hungary), and Proximitum (UK).

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