Cloud Services Brokerage Market Scenario, Explosive Growth Opportunity, Prominent Players and Forecast to 2024


News provided by

Kenneth Research

Jan 12, 2021, 07:49 EST


New York, United States, Jan 12, 2021, 07:49 /Comserve / -- The global CSB market is estimated to grow at a CAGR of 16.4% during the forecast period from 2019 to 2024. The geographic analysis of the global CSB market has been conducted for North America

Kenneth Research has recently added a market research study on Cloud Services Brokerage Market 2024 which provides a complete comprehensive analysis including the data by Segmentations, by Geography and as well as the competitive landscape of the top 10 Vendors in this market

In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of Cloud Services Brokerage Market over the period 2019-2026.The global cloud services brokerage (CSB) market is expected to register a CAGR of 16.4% during the forecast period to reach USD 14.83 billion by 2024.

Download Sample of This Strategic Report:- https://www.kennethresearch.com/sample-request-10151359

Market Synopsis

An increasing number of enterprises are adopting cloud technology. The IT teams of the companies are required to perform the role of  enabling the enterprise’s use of cloud services. Cloud services brokerage is an IT role and business model in which an enterprise adds value to one or more (public or private) cloud services via three primary roles—aggregation, integration, and customization brokerage. A cloud service broker offers a package of technology, people, and methodologies to implement and manage CSB-related projects. The IT companies and service providers are able to unify the private and public cloud environment for their employees, customers and through their channels.

The Final Report will cover the impact analysis of COVID-19 on this industry:

Download Sample of This Strategic Report:- https://www.kennethresearch.com/sample-request-10151359

Thus, the increase in the adoption of hybrid IT and multi-cloud management is a factor which drives the growth of this market. Along with this, the need for performance-oriented and cost-effective brokerage solutions is another driving factor for this market. However, the issues related to regulatory compliances are expected to limit market growth during the forecast period. Growing adoption of CSB in the small and medium enterprise (SME) across verticals offers lucrative opportunities to the key providers of CSB in the global market. Furthermore, the lack of awareness regarding CSB services and platforms is expected to be a challenge for the growth of the market.

Segmentation

The global CSB market has been segmented based on service, platform, organization size, deployment, vertical, and region/country.

By service, the global CSB market has been divided into security and compliance, training and consulting, support and maintenance, workload management, operations management, reporting and analytics, and catalog management.

By platform, the global CSB market has been divided into internal brokerage enablement and external brokerage enablement.

Based on organization size, the global CSB market has been divided into small- and medium-sized enterprise (SME) and large enterprise.

By deployment model, the global CSB market has been divided into public cloud, private cloud, and hybrid cloud.

On the basis of vertical, the global CSB market has been divided into IT and telecommunication, banking, financial services, and insurance (BFSI), healthcare and life sciences, government and public sector, retail and consumer goods, energy and utilities, manufacturing, media and entertainment, and others.

The global CSB market has been analyzed for four regions—North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.

Regional Analysis

The global CSB market is estimated to grow at a CAGR of 16.4% during the forecast period from 2019 to 2024. The geographic analysis of the global CSB market has been conducted for North America, Europe, Asia-Pacific, Middle East and Africa and South America.

Download free Sample of This Strategic Report:- https://www.kennethresearch.com/sample-request-10151359

North America accounted for the highest market share, owing to the strategic shift of enterprises adopting CSB solutions due to the increasing adoption of hybrid IT and multi-cloud management solutions. The US leads the market in North America as it is the most technologically advanced country and also it has a high adoption of cloud technology. Various initiatives are taken by key players in the form of partnerships with different technology players for product enhancement.

Europe is expected to be the second-largest market during the review period due to the rising need among enterprises to reduce the enterprise cost while maintaining the performance of the enterprise. These platforms and services offer improved agility and performance and manage and deliver multi-cloud services. Asia-Pacific is anticipated to be the fastest growing market in the global CSB market during the forecast period. The rise in the adoption of CSB services among SMEs and the growing adoption of cloud-based solutions are the key drivers for the growth of the market in Asia-Pacific.

Key Players

The key players in the global cloud services brokerage market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include Accenture (Ireland), Atos (France), BT (UK), Capgemini (France), Cognizant (US), DXC Technology (US), Fujitsu (Japan), IBM Corporation (US), Infosys (India), ActivePlatform (US), Arrow Electronics (US), BitTitan (US), CloudFX (Singapore), NEC Corporation (Japan) and Wipro (India).The key strategies adopted by most of the players are partnerships, agreements, and collaborations.

The other players in the global cloud services brokerage market include NTT DATA (Japan), Pax8 (US), Progressive Infotech (India), Tech Mahindra (India), Proximitum (UK), Neostratus Zrt (Hungary), and CLOUDREACH (UK).

Download free Sample of This Strategic Report:- https://www.kennethresearch.com/sample-request-10151359

Competitive Analysis

The global cloud services brokerage market is witnessing a high demand globally due to the rise in demand from industries such as BFSI and IT and telecommunication. Major players have opted for partnerships and new product development as their key organic growth strategies to strengthen their position in the market and cater to the demands of enterprises across verticals. For instance, in January 2019, DoubleHorn LLC (US), a cloud solutions provider and services broker, earned the Amazon Web Services (US) Advanced Consulting Partnership which expands DoubleHorn’s reach for the commercial and government sectors.

Intended Audience

Hosting service providers

Cloud infrastructure and service providers

Value-added resellers (VARs)

System Integrators (SIs) and aggregators

Cloud brokerage enablers

Government and local authorities

Technology consultants

Investors and venture capitalists

Compliance officers

Chief financial officers

In a global economy, a significant change in the industry makes it essential for professionals to keep themselves updated with the recent market situations. Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Our research library comprises of more than 100,000 research reports provided by more than 25 market research publishers across different industries.


For more information, please contact:

David

Kenneth Research
Email: sales@kennethresearch.com
Tel: +1-(347)-627-0064

Related Links
https://www.kennethresearch.com