Increase in the adoption of various cloud services such as hybrid IT and multi-cloud management to increase the ease of accessibility of data from anywhere around the world drive the market growth. Also, increasing adoption of Platform-as-a-Service (PaaS) across various enterprises to develop and test applications fuels the growth of cloud service brokerage market.
In addition, increase in investments for the betterment and deployment of advanced telecom network infrastructure and penetration of internet across the globe are anticipated to provide major opportunities for the market expansion. However, complexities involved to manage multiple cloud platforms, lack of awareness regarding the benefits of cloud platform among SME’s, and rising security concerns hamper the growth of the market.
The cloud service brokerage market is segmented into service, platform, deployment mode, organization size, industry vertical, and region. On the basis of service, the market is segmented into integration, sourcing & procurement, vendor management, and governance & control. In terms of platform, the market is classified into internal cloud storage and external cloud storage.
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By deployment mode, the market is divided into public, private, and hybrid. On the basis of organization size, the market is segmented into large size organization and small & medium organization. As per industry vertical, cloud service brokerage market is categorized into BFSI, retail & agriculture, IT & telecom, education, healthcare and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled for cloud service brokerage market analysis are Accenture PLC, IBM Corporation, Capgemini SE, Wipro Limited, Atos SE, NTT DATA Inc., Hewlett Packard Enterprise Development LP, Cognizant Technology Solutions Corporation, DXC Technology Company, and Jamcracker Inc. These market players have implemented a number of strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their status in the industry.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global cloud service brokerage market along with the current trends & future estimations to elucidate the imminent investment pockets.
- Information about the key drivers, restraints, and opportunities and their impact analysis on the market size is provided.
- Current and future cloud service brokerage market trends are outlined to determine the overall attractiveness of the market.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of cloud service brokerage market share from 2018 to 2026 is provided to determine the market potential.
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