Cloud Service Brokerage Market Size To Reach $17.2 Billion By 2025 Due To Rising Adoption of Cloud Services For Back-Office Systems And B2B Processes | Million Insights

April 21 07:41 2021
Cloud Service Brokerage Market Size To Reach $17.2 Billion By 2025 Due To Rising Adoption of Cloud Services For Back-Office Systems And B2B Processes | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, The global cloud services brokerage (CSB) industry offers in-depth assessment of the growth, size, competitive landscape and other aspects in different geographical regions. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.

The global Cloud Service Brokerage (CSB) Market is projected to account for USD 17.2 billion by the end of the forecasted year and expected to grow with 17.3% CAGR over the forecast period, from 2019 to 2025, according to Million Insights. CSB is a business model that manages IT resources across all cloud models from several vendors to reduce complexity and infrastructure costs. In addition, it helps to reduce complexity by controlling, orchestrating, and integrating multi-cloud locations on a centralized platform.

CSB helps to manage hybrid cloud services as well as cloud solutions integrated at customer premises. This aims to make services more specific and secure for companies. Growing adoption of cloud services for both back-office systems and B2B processes, coordination, and integration of high order is needed. The growing adoption of multi-cloud platforms to fulfil the needs of several clients, technology partners, and vendors is a key factor to drive the growth of the global cloud services brokerage market during the projected period.

To download the sample pdf of Cloud Service Brokerage Market Report “Please” click here:

North America cloud service brokerage (CSB) market

Increasing demand for hybrid cloud solutions in large enterprises and rising need to manage a large amount of enterprise data are anticipated to surge CSB market growth during the forecast period. Moreover, the rapid shift of SMEs towards cloud platforms in order to improve data accessibility and reduce operational costs are expected to drive the market growth over the forecast period.

Factor like several initiatives taken by the governments across the globe to promote digital banking technologies and the growing number of digital payment vendors are expected to boost the market growth during the forecast period. Market players are focusing on strategies such as mergers & acquisitions to increase their business across the globe and their service portfolios. However, growing concern about data security and lack of awareness regarding the benefits of CSB are projected to hinder the market growth to some extent.

To browse report summary & detailed TOC, “please” click the link below:

Global cloud service brokerage (CSB) market

Further key findings from the report suggest:

• In 2018, North America dominated the cloud service brokerage market owing to the presence of a large number of data centers as well as various large IT and cloud service providers.

• Asia Pacific is expected to grow with significant CAGR over the forecast period. This growth is attributed to the growing adoption of cloud-based services in SMEs to sustain in the competitive market and to reduce infrastructure cost.

• In service segment, cloud vendor management is expected to witness strong growth from 2019 to 2025. These services provide efficient management of multi-cloud platforms for vendors.

• Based on platform segment, external brokerage enablement is expected to grow with the significant growth rate over the forecast period. It delivers multi-tenant cloud delivery and management platform that assist application like self-service, cloud fulfilment, delegated administration, and channel enablement for distributors.

• Key market players are focusing on mergers and acquisitions to provide more security over multi-cloud platforms and to expand their geographical presence. For example, in 2018, BMC Software, Inc. acquired CorreLog, Inc. to deliver real-time security management to its key customers.

Million Insights has segmented the global cloud services brokerage (CSB) market on the basis of service, deployment model, organization size, platform, end-use industry, and region:

Cloud Services Brokerage Service Outlook (Revenue, USD Million, 2014 – 2025)
    • Cloud Integration, Sourcing, and Procurement
    • Cloud Vendor Management
    • Cloud Governance & Control

Cloud Services Brokerage Deployment Model Outlook (Revenue, USD Million, 2014 – 2025)
    • Private Cloud
    • Public Cloud
    • Hybrid Cloud

Cloud Services Brokerage Platform Outlook (Revenue, USD Million, 2014 – 2025)
    • Internal Brokerage Enablement
    • External Brokerage Enablement

Cloud Services Brokerage Organization Size Outlook (Revenue, USD Million, 2014 – 2025)
    • Large Enterprises
    • Small & Medium Enterprises

Cloud Services Brokerage End-use Industry Size Outlook (Revenue, USD Million, 2014 – 2025)
    • IT & Telecom
    • BFSI
    • Government & Public Sector
    • Healthcare
    • Consumer Goods & Retail
    • Manufacturing
    • Energy & Utilities
    • Others

Cloud Services Brokerage Regional Outlook (Revenue, USD Million, 2014 – 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
        • France
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa

Read the Latest Press Releases by Million Insights:

• Dog Clothing & Accessories Market: The global dog clothing and accessories market size is expected to reach USD 16.61 billion by 2028. It is expected to expand at a CAGR of 6.9% from 2021 to 2028. Increasing disposable income and rapidly growing urbanization have promoted the demand for innovative and fashionable accessories for pet owners from pet owners.

• Food Service Equipment Market: As per the published report, the global food service equipment market size is expected to arrive at USD 50.01 billion by 2028. It is estimated to develop by 5.5% CAGR from 2021 to 2028. Altering habits of food consumption, increase in travel & tourism actions, growth in disposable incomes, plus the rising business proceedings in the food & beverage manufacturing sector, are the various input factors, inspiring the enlargement of this market for food service equipment.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India