Industry Background:
A cloud service broker provides a marketplace for enterprise-approved services, connects cloud services with each other and with on-premise applications, and keeps corporate data secure. Cloud service brokerage acts as a middleman between cloud providers and cloud users, assisting businesses in selecting the services and packages that best meet their needs. They can also aid in the deployment and integration of applications across multiple clouds, as well as provide an option and potentially cost-saving feature by allowing users to choose from a catalog of competing services.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Accenture (Ireland), IBM (United States), VMware (United States), Jamcracker (United States), ActivePlatform (Belarus), Arrow Electronics (United States), Cloudmore (Sweden), Wipro (India), DXC Technology (United States), iPortalis (United Kimgdom), Cognizant (United States) and InContinuum (Netherlands) |
According to AMA, the market for Cloud Service Brokerage is expected to register a CAGR of 16.5% during the forecast period to 2027. This growth is primarily driven by Increasing Adoption of Hybrid and Multi-cloud Environment and Rising Need to Avoid Vendor Lock-in.
Globally, a noticeable market trend is evident Technological Advancements in Cloud Services The Business Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Accenture (Ireland), IBM (United States), VMware (United States), Jamcracker (United States), ActivePlatform (Belarus), Arrow Electronics (United States), Cloudmore (Sweden), Wipro (India), DXC Technology (United States), iPortalis (United Kimgdom), Cognizant (United States) and InContinuum (Netherlands), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In May 2020, Microsoft launched Back2Business Solution Boxes for SMBs in India. The new solution intends to enable Indian SMBs to maintain business continuity during COVID-19 and continue cloud adoption. It also aims at solving challenges faced by SMBs during work from home.
Jan 2018: DXC Digital Directions series, authored by the company’s global technology leaders, explores digital opportunities for enterprises to gain actionable, data-driven insights, drive better customer experiences, increase employee performance, and deliver better business outcomes.
Influencing Trend:
Technological Advancements in Cloud Services
Market Growth Drivers:
Increasing Adoption of Hybrid and Multi-cloud Environment and Rising Need to Avoid Vendor Lock-in
Challenges:
Lack of Awareness and Security Concerns
Restraints:
Regulatory Compliance Issues
Opportunities:
Growing demand among SMEs and Proactive investments by enterprises in cloud-based models
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Cloud Service Brokerage Market
- Analysis about New Entrants in Cloud Service Brokerage Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Cloud Service Brokerage Study Sheds Light on
The Cloud Service Brokerage Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cloud Service Brokerage industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cloud Service Brokerage industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.