Cloud Services Brokerage Market Revenues to expand 15.03 Billion USD by 2023

[142 Pages Report] Cloud services brokerage market categorizes the global market by service type, by platform, by deployment model, by organization size, by vertical, and by region.

Cloud Services Brokerage Market

Northbrook, IL 60062, USA, 2019-Dec-10 —

The 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 168 market data Tables and 35 Figures spread through 142 Pages and in-depth TOC on “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”

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Growing adoption of multi-cloud management and hybrid IT is expected to fuel the demand for cloud services brokerage across the globe

The global 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 multi-cloud approaches that involve dynamic management of a variety of cloud providers and services is one of the major drivers for the CSB market. However, stringent regulations and difficulty in application portability are expected to limit the growth of these solutions.

The operations management segment is expected to hold the largest market size during the forecast period

Brokers help reduce the complexities of an organization by managing the services deployed on the hybrid cloud as well as look after its integration with the applications and systems on-premises. It also looks after the metering, billing, and other settlements with the third-party cloud provider on behalf of the cloud customer. Moreover, brokers help organizations in looking after the process from order till the settlement of services is done. Hence, the demand for these services is expected to increase across verticals.

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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