Cloud service brokers act as mediators between the end-users and cloud service providers. They help in negotiating and picking a suitable and relevant cloud service. Rise in implementation of numerous cloud services on the hybrid cloud model and reduced costs have led to more companies adopting the Cloud service brokerage model.
What is driving the Market?
The rising demand for reduced complexity and deployment of CSB in SMBs and with more number of SMBs coming up, this market is set to witness ample growth opportunities over the coming years. Simultaneous and steady advancements in digitalization and integration of a number of technologies such as BYOD and mobility are further stimulating the growth of this market.
However, Cloud service brokerage may also come across certain obstacles like the end-users lacking awareness about cloud computing solutions and storage services and security concerns about the storage of user data and intellectual property of businesses. Thus, this can prove to be a hindrance for the market since the CSB vendors might find it difficult to bridge the gap between the cloud service providers and consumers.
Know the Growth Prospects
Although in developing stage, Cloud services brokerage market is rising further as more and more companies are looking to adopt CSBs. According to the research, the global market for Cloud services brokerage has been estimated to grow from USD 5.24 Billion to USD 19.16 Billion through the forecast period 2015-2020, at a CAGR of 29.6%.
Because of the presence of strong economies like China, India, South Korea, Australia, and Japan, APAC has emerged as the dominant region among all. The primary reason for is that these countries are filled with several SMBs. Since the trend of cloud market place is also increasing, we can expect North America to hold the second-largest share of this market.
Jamcracker, Gravitant, Computenext, HP, Accenture, Dell, Nephos Technologies, NEC, Parallels IP, and Capgemini are some of the prominent market players involved in the Cloud services brokerage market. Hence, to boost their revenues, these companies are majorly investing and working towards offering high-performance cloud managed services for an increased efficiency, reduced costs, and to extend true value to their businesses. This will help the organizations render consolidated view of all the cloud services employed by them and ensure the overall quality that is delivered to the end-users.
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Market Segmentation
Researchers have segmented the global Cloud services brokerage market based on type, end-users, and regions, which are further broken down into the following types:
Type
• Cloud Brokerage
• Cloud Brokerage Enablement (Internal & External Enablement)
End-users
• SMBs
• Enterprise
Regions
• North America
• Europe
• Asia-Pacific (APAC)
• Middle East and Africa (MEA)
• Latin America
