Global Cloud Services Brokerage Market - Segmented by Platform (Internal Cloud Services Brokerage, External Cloud Services Brokerage), Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), Enterprise (Small and Medium Enterprise (SME), Large Enterprise), End-User Vertical (IT and Telecom, Retail, Banking, Financial Services, and Insurance (BFSI)), and Region - Growth, Trends, and Forecast (2018 - 2023)
The cloud services brokerage market was valued at USD 4.9 billion in 2017 and is expected to reach USD 12.3 billion by the end of 2023, registering a CAGR of 16.6% during the forecast period. The scope of the report is limited to the platform and deployment method of cloud services brokerage (CSB). The report also focuses on the CSB market across different size of enterprises across various end-user verticals. The regions considered in the scope of the report include - North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
CSB provides the process, technology, and expertise to run IT as a business. CSB fulfills three primary roles, aggregation brokerage, customization brokerage, and integration brokerage.
Increasing adoption of cloud computing services and rapidly growing adoption of hybrid and multi-cloud environment are boosting the cloud services brokerage market.
Internal Cloud Services Brokerage
A CSB can bundle all your cloud services into a single bill, i.e., a customer can manage cloud service provider bills for the various infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software-as-a-service (SaaS) platforms by using CSB.
Internal CSB provides a unified multi-cloud/SaaS governance, security, compliance, license management, and support, spend management and overall usage experience to employees. It provides both centralized resources to both public and private cloud services’ users. The internal CSB can provide similar functionality external CSB offers, while also being able to provide an extra layer of depth and understanding into the precise cloud services the business requires.
North America to Dominate the Market
North America is anticipated to command the global market, owing to the extreme proximity of a large number of cloud service brokers and the number of data centers present in the region. Notable improvements in technology are presumed to keep North America at the forefront of the global market. The CSB is expected to see a major growth in this region due to increased cloud enablement activities and growing trends in cloud marketplaces. In the near future, growing awareness about the advantages of deploying cloud services and using cloud service brokers across various end-user verticals is set to boost the demand for cloud services and data centers in the region, indirectly boosting the North American CSB market.
Key Developments in the Market
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