Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
A cloud services brokerage is a service provided by a third party to cloud services available to consumers on their behalf. They act as an intermediary between cloud providers and cloud consumers through three main functions, namely, aggregation, integration, and customization. Cloud Services Brokerage (CSB) technology can combine all cloud services under one account. In other words, using efficient CSB technology, the customer can manage the accounts of different cloud service providers for different platforms, such as infrastructure as a service (IaaS), platform as a service (PaaS) and software as a service (SaaS).
Increasing adoption of hybrid IT and multi-cloud management is significant factor boosting the market growth for cloud brokerage services and increasing flexibility and productivity and lowering enterprise costs are few other factors driving the market growth. However, growing concerns about data security and lack of awareness of cloud brokerage services are some of the main factors hindering the growth of the market.
Covid19, drastically affects the world supply chain and industrial sector growth. At the initial stages of the pandemic, the world experienced, ‘supply shocks’. In the foreseeable future, the COVID-19 pandemic has accelerated the existing trend toward digital marketplaces. Many vertical businesses have adopted a work-from-home model to protect employee well-being and maintain operational efficiency while driving demand for cloud solutions. As more enterprises return to developing their IT infrastructure with cloud solutions, the demand for CSB solutions will continue to grow.
The report analyses the cloud services brokerage market based on service type, organization size, deployment model, platform, vertical, and geography.
By service type, the global cloud services brokerage market is segmented into integration and support, automation and orchestration, billing and provisioning, migration and customization, security and compliance, and other. Cloud brokers help organizations integrate external cloud services with their core back-end systems. The broker simplifies the migration to the cloud for its customers by integrating the various interdependent business processes of the organization.
By organization size, the global cloud services brokerage market is segmented into small and medium-sized enterprises and large enterprises. Large enterprises is expected to hold the largest market share in the forecast period. Large enterprises using cloud brokerage services and supporting solutions are able to provide new services to their customers and open their horizons to enter promising markets.
The global cloud services brokerage by deployment model is classified into public cloud and private cloud. Among these, public cloud is expected to adopt largest market share. In public cloud deployment model, various resources, such as applications, storage, virtual servers, and hardware, are available to the enterprise's customers on the internet. The services offered under the public implementation model are either free or subscription-based. It helps organizations meet their scalability needs, while providing a pay per usage pricing strategy for ease of use and ease of implementation.
The global cloud services brokerage by platform is classified into internal brokerage enablement and external brokerage enablement. The external brokerage segment is expected to show significant growth in the forecast period, driven by the rapidly growing demand for CSBs to integrate and manage multiple vendors, resellers and CSPs on a single platform and accept multiple currencies, time zones, languages and date formats.
The global cloud services brokerage by vertical is classified into BFSI, telecommunications, IT and ITES, government and public sector, retail and consumer goods, manufacturing, energy and utilities, media and entertainment, healthcare and life sciences, and others.
Geographically, the cloud services brokerage market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and the rest of the world regions which includes Latin America, and Middle East & Africa. The Asia-Pacific region is projected to experience the fastest growth in the forecast years, due to the widespread adoption of CSBs in China, and India. APAC is made up of countries with a complex ecosystem of startups, public companies, small and medium-sized enterprises and large multinational companies using and developing a range of valuable information and communication technology (ICT) solutions. Rapid development in telecommunications, cloud computing, and IoT have led several organizations to adopt cloud-based strategies in the region.
Some of the major players operating in this market include IBM (US), VMware (US), Jamcracker (US), ActivePlatform (Belarus), Arrow Electronics (US), Cloudmore (Sweden), Wipro (India), DXC Technology (US), iPortalis (UK), Cognizant (US), InContinuum (Netherlands), Flexera (US), BitTitan (US), OpenText (Canada), CloudFX (Singapore), Proximitum (UK), Eshgro (Netherlands), NEC (Japan), AWS (US), CloudSME (Germany), and Shivaami (India)
The report analyses the cloud services brokerage market based on service type, organization size, deployment type, platform, verticals, and geography. Cloud services brokerage service type include integration and support, automation and orchestration, billing and provisioning, migration and customization, security and compliance, and other. Based on organization size, the market includes small and medium-sized enterprises and large enterprises. Cloud services brokerage deployment model includes public cloud and private cloud. Based on the platform, the market includes internal brokerage enablement and external brokerage enablement. The major verticals of the market include into BFSI, telecommunications, IT and ITES, government and public sector, retail and consumer goods, manufacturing, energy and utilities, media and entertainment, healthcare and life sciences, and others.
Some of the major players operating in the market include IBM, VMware, Jamcracker, ActivePlatform, Arrow Electronics, Cloudmore, Wipro, DXC Technology, iPortalis, Cognizant, InContinuum, Flexera, BitTitan, OpenText, CloudFX, Proximitum, Eshgro, NEC, and AWS.
Geographically, the cloud services brokerage market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and the rest of the world regions which include Latin America, and Middle East & Africa.
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