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.
Browse and
in-depth TOC on “Cloud Services Brokerage Market”
168
- Tables
35
- Figures
142
- Pages
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.
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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