Cloud Services Provider Industry
The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Cloud Services Provider Industry. The growth sectors of the Cloud Services Provider Industry are identified with precision for a better growth perspective.
The growing number of IT companies that are adopting for cloud services brokerage is expected to cast a positive impact on the global cloud services brokerage (CSB) market, reveals Market Reseach Future (MRFR). MRFR states that the global cloud services brokerage market is likely to expand with a CAGR of 16.4% over the assessment period (2019 to 2024) and touch a substantial valuation of USD 14.83 billion by 2024.
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Industry News
August 2019
eXp Realty, a subsidiary of eXp World Holdings, Inc. announced the launch of a new program, eXp Realty Preferred Partners. This program provides eXp Realty agents and their clients, a marketplace for trading home-buying services.
Market Insights
The high rate of adoption of cloud services brokerage across large enterprises and SMEs is expected to surge the market. The increasing number of organizations opting for CSB is likely to promote the market growth. CSB adds value to an enterprise by streamlining the process of aggregation, integration, and customization included in cloud services. The growing need for multi-cloud management is prompting the need for hybrid IT, hence, the adoption of CSB is surging across multiple business verticals. This is anticipated to spur the growth of the global cloud services brokerage market. However, restraints like issues related to regulatory compliance and lack of awareness about CSB can hinder the cloud services brokerage market expansion.
Segmental Overview
The cloud services brokerage market has been segmented on the basis of service, platform, organization size, deployment model, and vertical.
Based on the service, the global cloud service brokerage market has been segmented into security and compliance, support and maintenance, reporting and analytics, training and consulting, workload management, operations management, and catalog management. Cloud service brokers help in resolving problems associated with the migration of workloads in an organization by offering workload management services. The workload management segment is expected to register a healthy CAGR as it is observed to gain popularity across different organizations.
Based on the platform, the global cloud service brokerage market has been segmented into external brokerage enablement and internal brokerage enablement. External brokerage enablement acts as a management platform for multi-tenant cloud delivery. Hence, the external brokerage enablement segment is anticipated to grow at a rapid pace over the evaluation period.
Based on the organization size, the global cloud service brokerage market has been segmented into small- and medium-sized enterprise (SME) and large enterprise. The large enterprise segment is likely to garner a higher share of the market over the SMEs segment during the forecast period.
Key Players
MRFR enlisted renowned cloud services brokerage providers. They are; IBM Corporation (US), Arrow Electronics (US), BitTitan (US), Cognizant (US), CloudFX (Singapore), Infosys (India), Wipro (India), DXC Technology (US), NEC Corporation (Japan), ActivePlatform (US), Accenture (Ireland), Fujitsu (Japan), Atos (France), BT (UK), and Capgemini (France).
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Cloud Services Provider IndustryThe growing number of IT companies that are adopting for cloud services brokerage is expected to cast a positive impact on the global cloud services brokerage (CSB) market, reveals Market Reseach Future (MRFR).
MRFR states that the global cloud services brokerage market is likely to expand with a CAGR of 16.4% over the assessment period (2019 to 2024) and touch a substantial valuation of USD 14.83 billion by 2024.Industry NewsAugust 2019eXp Realty, a subsidiary of eXp World Holdings, Inc. announced the launch of a new program, eXp Realty Preferred Partners.
This program provides eXp Realty agents and their clients, a marketplace for trading home-buying services.Market InsightsThe high rate of adoption of cloud services brokerage across large enterprises and SMEs is expected to surge the market.
However, restraints like issues related to regulatory compliance and lack of awareness about CSB can hinder the cloud services brokerage market expansion.Regional AnalysisThe global cloud services brokerage market is projected to register a CAGR of 16.4% during the forecast period from 2019 to 2024 to reach USD 14.83 billion.
The geographic analysis of the market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.North America is expected to be the dominating region in terms of the adoption of CSB services and platform.
The US is the leading country-level market, while Mexico is projected to be the fastest-growing during the forecast period.The European market has been divided into the UK, Germany, France, and the rest of Europe.
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