Reports
Global Cloud Services Brokerage Market Size, Share, Forecast: By Platform: Internal Brokerage Enablement, External Brokerage Enablement; By Deployment Model; By Organisation Size: Large Enterprises, Small and Medium Sized Enterprises; By Vertical; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Cloud Services Brokerage Market Outlook
The global cloud services brokerage market attained a value of about USD 8.38 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 17.2% to reach nearly USD 21.7 billion by 2032.
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The Asia Pacific to Significantly Contribute to the Growth of the Cloud Services Brokerage Industry
Due to the widespread adoption of cloud services brokerage in China, India, Singapore, Australia, and New Zealand, the Asia Pacific market is expected to grow at the highest rate in the next few years. Factors such as the rising urbanisation, technical advances, and government backing for the digital economy are all boosting the regional growth. Several businesses in the region have adopted cloud-based methods as a result of rapid developments in telecommunications, cloud computing, and IoT. The region is also home to the world's fastest-growing data centre market. As a result, this region is anticipated to expand rapidly throughout the forecast period. Thereby significantly contributing to the growth of the global market.
Rising Demand for the Public Cloud to Augment the Global Market for Cloud Services Brokerage
The public cloud is expected to share a significant market percentage as it is easily available to anyone who wants to purchase or use them over the public internet. The market is expected to further grow over the forecast period since companies require it to meet their scaling requirements while also providing a pay-per-use pricing approach and ease of setup. The public cloud is expected to assist in data loss prevention and easy and quick disaster recovery, resulting in the market growth of cloud services brokerage.
Cloud Services Brokerage Industry: Definition and Segmentation
Cloud service brokerage is a business concept that works as a middleman between cloud providers and cloud users, assisting businesses in selecting the services and solutions that best meet their needs. A client may handle numerous cloud service provider bills for different platforms such as infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software-as-a-service (SaaS) by utilising an effective CSB technology (SaaS).
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By platform, the industry is segmented into:
- Internal Brokerage Enablement
- External Brokerage Enablement
By deployment model, the industry is divided into:
- Public
- Private
- Hybrid
On the basis of organisation size, the industry is segmented into:
- Large Enterprises
- Small and Medium Sized Enterprises
By vertical, the industry is categorised into:
- Banking, Financial Services, and Insurance
- IT and Telecom
- Government and Public Sector
- Retail and Consumer Goods
- Manufacturing
- Healthcare and Life Sciences
- Energy and Utilities
- Others
The EMR report looks into the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Fear of Vendor Lock-In to Bolster the Growth of the Cloud Services Brokerage Industry
The market for cloud service brokerage is being driven by the negative perception of cloud service, since the fear of vendor lock-in is quite prevalent globally. The introduction of cloud service brokerage has alleviated such perception of cloud services, thereby simultaneously boosting the demand for cloud services and cloud services brokerage. Furthermore, the market is expected to expand over the forecast period as more cloud services, such as hybrid IT and multi-cloud management, are being used to improve data accessibility from anywhere in the world.
The expansion of the cloud service brokerage industry is also fueled by the rising usage of Platform-as-a-Service (PaaS) across various organisations to create and test applications. Furthermore, increased expenditures for the improvement and deployment of sophisticated telecom network infrastructure, as well as global internet penetration, are expected to create significant growth possibilities for the market. In addition, the market is expected to thrive over the forecast period due to the rising usage of cloud services brokerage in small scale companies.
Key Industry Players in the Global Cloud Services Brokerage Market
The report presents a detailed analysis of the following key players in the global cloud services brokerage market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- IBM Corporation
- Oracle
- Microsoft Corporation
- Accenture PLC
- VMware
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Platform, Deployment Model, Organisation Size, Vertical, Region |
| Breakup by Platform | Internal Brokerage Enablement, External Brokerage Enablement |
| Breakup by Deployment Model | Public, Private, Hybrid |
| Breakup by Organisation Size | Large Enterprises, Small and Medium Sized Enterprises |
| Breakup by Vertical | Banking, Financial Services, and Insurance, IT and Telecom, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Healthcare and Life Sciences, Energy and Utilities, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | IBM Corporation, Oracle, Microsoft Corporation, Accenture PLC, VMware, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cloud Services Brokerage Market Analysis
8.1 Key Industry Highlights
8.2 Global Cloud Services Brokerage Historical Market (2018-2023)
8.3 Global Cloud Services Brokerage Market Forecast (2024-2032)
8.4 Global Cloud Services Brokerage Market by Platform
8.4.1 Internal Brokerage Enablement
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 External Brokerage Enablement
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Cloud Services Brokerage Market by Deployment Model
8.5.1 Public
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Private
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Hybrid
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Cloud Services Brokerage Market by Organisation Size
8.6.1 Large Enterprises
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Small and Medium Sized Enterprises
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Cloud Services Brokerage Market by Vertical
8.7.1 Banking, Financial Services, and Insurance
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 IT and Telecom
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Government and Public Sector
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Retail and Consumer Goods
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Manufacturing
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Healthcare and Life Sciences
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Energy and Utilities
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.7.8 Others
8.8 Global Cloud Services Brokerage Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Cloud Services Brokerage Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Cloud Services Brokerage Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Cloud Services Brokerage Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Cloud Services Brokerage Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Cloud Services Brokerage Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 IBM Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Oracle
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Microsoft Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Accenture PLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 VMware
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Cloud Services Brokerage Market: Key Industry Highlights, 2018 and 2032
2. Global Cloud Services Brokerage Historical Market: Breakup by Platform (USD Million), 2018-2023
3. Global Cloud Services Brokerage Market Forecast: Breakup by Platform (USD Million), 2024-2032
4. Global Cloud Services Brokerage Historical Market: Breakup by Deployment Type (USD Million), 2018-2023
5. Global Cloud Services Brokerage Market Forecast: Breakup by Deployment Type (USD Million), 2024-2032
6. Global Cloud Services Brokerage Historical Market: Breakup by Organisation Size (USD Million), 2018-2023
7. Global Cloud Services Brokerage Market Forecast: Breakup by Organisation Size (USD Million), 2024-2032
8. Global Cloud Services Brokerage Historical Market: Breakup by Vertical (USD Million), 2018-2023
9. Global Cloud Services Brokerage Market Forecast: Breakup by Vertical (USD Million), 2024-2032
10. Global Cloud Services Brokerage Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Cloud Services Brokerage Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Cloud Services Brokerage Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Cloud Services Brokerage Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Cloud Services Brokerage Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Cloud Services Brokerage Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Cloud Services Brokerage Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Cloud Services Brokerage Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Cloud Services Brokerage Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Cloud Services Brokerage Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Cloud Services Brokerage Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Cloud Services Brokerage Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Cloud Services Brokerage Market Structure
Key Questions Answered in the Report
In 2023, the global cloud services brokerage market attained a value of nearly USD 8.38 billion.
The market is projected to grow at a CAGR of 17.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 21.7 billion by 2032.
The major drivers of the market include the increasing adoption of cloud, growing need to avoid vendor lock-in to drive adoption of cloud service brokerage, surging usage of cloud services brokerage in small scale companies, and efforts of various governments towards a digital economy.
The key market trends include rising urbanisation, technical advances, increasing expenditures for the improvement of sophisticated telecom network infrastructure, rising usage of Platform-as-a-Service (PaaS) across various organisations, and the global internet penetration.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant platforms include internal brokerage enablement and external brokerage enablement.
The leading deployment models of cloud services brokerage in the market are public, private, and hybrid.
The organisation sizes in the market are large enterprises and small and medium sized enterprises.
The significant verticals are banking, financial services, and insurance, IT and telecom, government and public sector, retail and consumer goods, manufacturing, healthcare and life sciences, energy and utilities, among others.
The key players in the global cloud services brokerage market are IBM Corporation, Oracle, Microsoft Corporation, Accenture PLC, and VMware, among others.
Analyst Review
The global cloud services brokerage market attained a value of USD 8.38 billion in 2023, driven by the increasing expenditures for the improvement of sophisticated telecom network infrastructure. Aided by growing demand among small scale industries and global internet penetration, is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 17.2%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on platform type, the industry can be segmented into internal brokerage enablement and external brokerage enablement. Based on deployment model, the industry can be segmented into public, private, and hybrid. Based on organisation size, the industry can be segmented into large enterprises and small and medium sized enterprises. Based on vertical, the industry can be segmented into banking, financial services, and insurance, IT and telecom, government and public sector, retail and consumer goods, manufacturing, healthcare and life sciences, energy and utilities, among others. The major regional markets for cloud service brokerage are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include IBM Corporation, Oracle, Microsoft Corporation, Accenture PLC, and VMware, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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