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Cloud Services Brokerage Market

By snehall ·
Cloud Services Brokerage Market is expected to reach US$ 15.01 Bn by 2026 at a CAGR of 17.2% during the forecast period. Cloud service brokers act as the middlemen or the link between cloud consumers and service providers. These are organizations that assist the users by selecting the appropriate services which meet their requirements on a long-term basis. The global cloud service brokerage market has been facing high demand owing to the relentless uptake of cloud services by several industrial verticals.

The difficulty in handling end-to-end personalization of software and services, difficulty in regulatory compliance issues and application portability are some of the factors expected to hinder the growth of the market. The increasing adoption of cloud technology by the organization's inclination toward SaaS-based offerings and Small and Medium Enterprises (SMEs) are some of the major driving factors expected to propel the growth of the market around the world.

Cloud services brokerage market

Cloud Services Brokerage market is segmented by service type, platform, deployment model, organization size, vertical, and region. Among the platform segment, the internal brokerage enablement is expected to have the largest market share during the forecast period. The increasing employee demands for a single point of access to all cloud services, ranging from internally operated virtualized infrastructure and application services to externally provided cloud services such as Software as a Service (SaaS), is a driving factor for the internal brokerage enablement segment. A rapidly growing demand for hybrid Information Technology (IT) deployment models and unified security is driving the CSB market. However, the external brokerage enablement segment is expected to reach at the highest CAGR during the forecast period.
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