Cloud Services Brokerage Market is anticipated to reach around US$ 15.0 billion by 2027 – Credence Research

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Cloud Services Brokerage Market is anticipated to reach around US$ 15.0 billion by 2027 – Credence Research

December 13
17:53 2021
Cloud Services Brokerage Market is anticipated to reach around US$ 15.0 billion by 2027 - Credence Research
The cloud services brokerage sector is expected to be worth US$ 15.0 billion by 2027, up from US$ 6.2 billion in 2020. During the forecast period, the market is expected to grow at a CAGR of 13.4%.

The market for cloud services brokerage is expected to grow from US$ 6.2 million in 2020 to US$ 15 million by 2027 with a CAGR of over 13.4% during the forecast period from 2021 to 2027.

Global Cloud Services Brokerage Market, 2020 – 2027 (USD Million)

As small businesses benefit from cloud-based solutions, their use of the cloud is increasing. Cloud-based solutions assist small and medium enterprises in addressing a variety of issues, such as improved IT operations and lower IT costs. In recent years, small and medium enterprises have become more interested in public cloud computing. According to Flexera’s State of the Cloud Report 2020, small and medium enterprises are adopting public cloud at a faster rate than large organizations. Because of the internal enablement model, the opportunity for cloud providers in the SMEs category is expanding, while it also provides a solid market for external cloud brokers such as telecom providers and SIs. Greater cloud adoption in the SMEs segment, as well as multi-source cloud services, would provide the industry with a brighter future.

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The public cloud segment to showcase lucrative growth

The public cloud is defined as computer services made available to anyone who chooses to use or purchase them via the public internet by third-party providers. The term “public cloud” refers to computing that, depending on demand, distributes resources such as storage, compute, and networking to external organizations outside the corporation. Various resources, such as software, storage, virtual servers, and hardware, are made available to client organizations via the internet under the public deployment paradigm. The public deployment technique provides services that are either free or require a subscription. It enables businesses to meet their scalability requirements while also providing a pay-per-use pricing structure and ease of setup. To avoid data loss, the public cloud is frequently designed with built-in redundancy. To facilitate smooth and quick disaster recovery, service providers may keep mirrored files across multiple data centers. When data is stored on a public cloud platform, most threats are considered to be mitigated. Enterprises, on the other hand, may be able to dramatically improve the efficiency of their operations by utilizing public clouds. Businesses, for example, can store non-sensitive documents, online document collaboration, and webmail in the public cloud. AWS, Microsoft, IBM, and Google are the four largest public cloud providers.

Future Growth Will Stem from Asia Pacific

Due to the widespread use of CSB in China, India, Singapore, Australia, and New Zealand, APAC is expected to grow at the fastest rate in the coming years. In APAC countries, startups, government businesses, SMEs, and large multinational corporations use and develop a wide range of significant Information and Communications Technology (ICT) solutions. Rising urbanization, technological advancements, and government support for the digital economy are all driving factors in the region’s technological growth. Rapid advancements in telecommunications, cloud computing, and the Internet of Things have prompted several businesses to adopt cloud-based strategies. Throughout the forecasted timeframe, the region is expected to grow rapidly.

Global Cloud Services Brokerage Market key Players:

Some of the key players are Accenture, Active Platform, Arrow Electronics, AWS, Capgemini, Cloudmore, Cognizant, DXC Technology, Eshgro, Flexera, Fujitsu, IBM, Infosys, Iportalis, Jamcracker, Microsoft, NEC, NTT Data, Opentext, Oracle, TCS, Vmware, Wipro.

Market Segmentation

Global Cloud Services Brokerage Market by Service Type, 2015 – 2027

  • Integration And Support
  • Automation And Orchestration
  • Billing And Provisioning
  • Migration And Customization
  • Security And Compliance
  • Other Services

Global Cloud Services Brokerage Market by Platform Type, 2015 – 2027

  • Internal Brokerage Enablement
  • External Brokerage Enablement

Global Cloud Services Brokerage Market by Deployment Model, 2015 – 2027

  • Public Cloud
  • Private Cloud

Global Cloud Services Brokerage Market by Organization Size, 2015 – 2027

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

Global Cloud Services Brokerage Market by Verticals, 2015 – 2027

  • Banking, Financial Services, and Insurance (BFSI)
  • Telecommunications
  • IT and ITeS
  • Government and Public Sector
  • Retail and Consumer Goods
  • Manufacturing
  • Energy and Utilities
  • Media and Entertainment
  • Healthcare and Life Sciences
  • Others

Global Cloud Services Brokerage Market by Company

  • Accenture
  • Active Platform
  • Arrow Electronics
  • AWS
  • Capgemini
  • Cloudmore
  • Cognizant
  • DXC Technology
  • Eshgro
  • Flexera
  • Fujitsu
  • IBM
  • Infosys
  • Iportalis
  • Jamcracker
  • Microsoft
  • NEC
  • NTT Data
  • Opentext
  • Oracle
  • TCS
  • Vmware
  • Wipro

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About Us

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, nonlegislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

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Country: United States

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