Cloud Service Brokerage Market : Advanced Technologies & Growth Opportunities in Global Industry

Cloud service brokers act as the middlemen or the link between cloud service providers and consumers. These are organizations that assist the users with selecting the appropriate services that meet their requirements on a long-term basis.

In recent years, the global cloud service brokerage market has been facing soaring demand due to the relentless uptake of cloud services by several industrial verticals. The research report states that the global cloud service brokerage market is expected to be worth US$22.4 bn by the end of 2024 as compared to US$3.3 bn in 2015. Between the forecast years of 2016 and 2024, the global market is expected to progress at a CAGR of 23.6%.

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Analysts anticipate that the global cloud service brokerage market is likely to grow against the backdrop of the pressing need for better cloud service providers and integrators to achieve cost-effectiveness in business operations.

On the basis of regions, the global cloud service brokerage market is segmented into North America, South America, the Middle East and Africa, Asia Pacific, and Europe. Of these, North America is expected to dominate the global market in the coming years due to the strong presence of a large number of cloud service brokers and the existing data centers in the region.

Europe too is expected to make a significant mark in the global cloud service brokerage market due to increasing awareness about the benefits of deploying cloud services and using cloud service brokers in various organizations.

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The various end users of cloud service brokers are sectors such as the healthcare, telecom and IT, retail, government, energy, and BFSI among others, Out of these, the telecom and IT segment was the key contributor to the rising revenue of the global market in 2015. This segment is expected to show steady growth in the coming years due to the accelerated adoption of cloud services.

The key players operating in the global cloud services brokerage market are Capgemini S.A., Jamcracker, Inc., ComputeNext Inc., Accenture plc, Cognizant Technology Solutions Corporation, Nephos Technologies Ltd, NEC Corporation, Green Cloud Technologies, LLC, Appirio, Inc., Blue Wolf Group LLC, Dell Inc., and Cloud Sherpas, Inc. Currently, the market faces a high degree of competition due to the presence of several large players in the market.

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