Cloud Services Brokerage for IT Market Is Booming with Progressive Trends and Exciting Opportunities by 2030 (2024)

PRESS RELEASE

Published November 10, 2023

CDN Newswire

New Jersey, United States – The Cloud Services Brokerage for IT Market research report offers an effective industry perspective, highlighting forthcoming trends and factors influencing market growth in terms of rate, size, trade, and insights into key industry players, coupled with projections. Moreover, it provides a brief overview of the market research methodology and the opportunities it presents. The report also identifies the competitive landscape across various sectors to provide insights into global competition. It delves into the projected growth of the global Cloud Services Brokerage for IT market from 2023 to 2030, considering both the static and dynamic aspects of businesses, which have been compiled for the purpose of this research report.

Major Key Players are Accenture, Doublehorn, Amazon Web Services, Arrow Electronics, Capgemini, Cloudreach, RightScale, Dell, DXC Technology, Cognizant, Flexera, Opentext, Computenext, Cloudfx, Fujitsu, Tech Mahindra, Infosys, Jamcracker, Atos, Hewlett Packard

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Market Overview:

The global Cloud Services Brokerage for IT market is expected to grow at a CAGR of 25.3% from 2023 to 2030, reaching a value of USD 65.3 billion by 2030. The Cloud Services Brokerage for IT market is a vital component of the cloud computing landscape, providing organizations with intermediary services to navigate and optimize their cloud environments. This market facilitates the procurement, management, and integration of various cloud services from multiple vendors. Cloud Services Brokerage (CSB) acts as an intermediary between cloud service providers and clients, offering services such as cloud consulting, integration, and management. As businesses increasingly adopt multi-cloud strategies, the demand for CSB has grown, allowing organizations to enhance flexibility, cost-effectiveness, and overall efficiency in their cloud operations. Key features include cloud service aggregation, customization, and the provision of a unified interface for managing diverse cloud services.

Global Cloud Services Brokerage for IT Market: Segmental Analysis

Cloud Services Brokerage for IT Market by Type:
Internal Brokerage Enablement
External Brokerage Enablement

Cloud Services Brokerage for IT Market by Application:
SMEs
Large Enterprises

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Recent Developments:

Recent developments in the Cloud Services Brokerage for IT market include the integration of advanced analytics and machine learning algorithms to optimize cloud resource allocation, reduce costs, and enhance performance. Providers are also focusing on expanding their service portfolios to include specialized offerings, such as cloud migration services, disaster recovery, and security consulting. The market has seen developments in the adoption of containerization and microservices architectures to provide more agile and scalable solutions. Additionally, there is a growing emphasis on sustainability and green computing, with providers incorporating eco-friendly practices in their data centers and cloud services.

Regional Analysis for Global Cloud Services Brokerage for IT Market:

North America (USA and Canada)
Europe (UK, Germany, France and the remainder of Europe)
Asia Pacific (China, Japan, India, and the remainder of the Asia Pacific district)
Latin America (Brazil, Mexico, and the remainder of Latin America)
Center East and Africa (GCC and rest of the Center East and Africa)

Competitive Analysis:-

CDN Newswire

Cloud Services Brokerage for IT Market Is Booming with Progressive Trends and Exciting Opportunities by 2030 (2024)

FAQs

What is the future of the cloud market? ›

The cloud computing market size was valued at USD 587.78 billion in 2023. The market is projected to grow from USD 676.29 billion in 2024 to USD 2,291.59 billion by 2032, exhibiting a CAGR of 16.5% during the forecast period.

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How big is the cloud computing market in 2030? ›

The global cloud computing market is expected to witness a compound annual growth rate of 14.1% from 2023 to 2030 to reach USD 1,554.94 billion by 2030.

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What is the market growth rate of cloud services? ›

The cloud system infrastructure services (IaaS) segment is forecast to grow by 32.7 percent in 2024 compared to 2022. The public cloud services market as a whole is expected to grow by 20 percent, with only cloud business process services (BPaaS) experiencing single digit annual growth rates.

What is cloud services brokerage? ›

Cloud services brokerage (CSB) is an IT role and business model in which a company or other entity adds value to one or more (public or private) cloud services on behalf of one or more consumers of that service via three primary roles including aggregation, integration and customization brokerage.

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Why cloud computing is booming in the market? ›

Cloud computing services facilitate business functionalities by providing access to information across all devices anytime and from anywhere. As businesses evolve to meet customers' needs, the demand for cloud computing services is growing, and their reliability is improving.

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Why is cloud market growing? ›

The global demand for cloud computing is growing due to emerging technologies like big data, AI, and machine learning (ML). Also, increased focus on customer-centric applications to boost consumer satisfaction is one element impacting the rise of emerging technologies.

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What is the trend in cloud computing in 2030? ›

Within the time span of 2025 to 2030, there will be a massive surge in the use of multi-cloud environments. Organizations will leverage hybrid cloud environments where they can utilize both public and private clouds to enhance business efficiency and security.

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What is the cloud market share for 2030? ›

The Cloud Computing Market size is estimated to reach $1,933 billion by 2030, growing at a CAGR of 17.3% during the forecast period 2023-2030. Technological advancements, such as the Internet of Things (IoT) and artificial intelligence (AI) are driving demand for cloud computing.

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What is the future of computing in 2030? ›

It is estimated that by 2030, global data will be growing by one yottabyte every year. Total general computing power will see a tenfold increase and reach 3.3 ZFLOPS, and AI computing power will increase by a factor of 500, to more than 100 ZFLOPS[2].

Which cloud service is growing the fastest? ›

World's Fastest-Growing Major Cloud Vendors: #1 Oracle, #2 Google, #3 ServiceNow. AI EcosystemWelcome to the Acceleration Economy AI Ecosystem Report, a weekly analysis of AI innovation, funding, and solutions across platform providers, partners and start ups.

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Is cloud services growing? ›

Public cloud computing has been growing uninterrupted over the past 10 years, with no signs of abating. Gartner is expecting investment in public cloud service to increase more than 20% in 2024, to $679 billion, up from $564 billion in 2023.

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What is the market opportunity for cloud services? ›

Cloud Service Market Outlook from 2024 to 2034

The cloud service market is expected to be valued at US$ 624.8 billion in 2024. The cloud service technologies are predicted to rise at a staggering CAGR of 15.7% from 2024 to 2034. The global market is anticipated to reach US$ 2,686.06 billion by 2034.

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What would be an advantage of using a cloud services broker? ›

Facilitate Greater Interoperability and Security

A cloud service broker can streamline data extraction from multiple sources and manage the varying resource protocols required for network integration.

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What is an example of a cloud broker? ›

Best Cloud Brokers include:

Pax8, AppDirect Monetization Suite, interworks. cloud platform, IBM Cloud Broker, CIGNEX Mercado Enterprise Marketplace, AWS Service Catalog, AWS Service Broker, Azure Managed Applications, Jamcracker Cloud Services Brokerage (CSB) and CSP Control Center.

What is the cloud market forecast for 2025? ›

Experts estimate that it will become an $864 billion market by 2025. Further, the market will see a compounded growth rate of 12.8% annually. Cloud technologies include artificial intelligence, machine learning, edge computing, virtual desktops, automation, SASE, and disaster recovery.

What is the cloud market in 2025? ›

In 2021, the global cloud applications market had a value of 133.6 billion U.S. dollars and is expected to reach 168.6 billion U.S. dollars by 2025. The cloud applications software market is anticipated to grow at a compound annual growth rate of 4.8 percent.

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How big is the cloud market in 2024? ›

In 2024, the global public cloud services market is expected to grow by approximately 20.4 percent, which amounts to about 679 billion U.S. dollars.

What are the future trends in cloud technology? ›

Due to the adoption of trending technologies in 2024 such as the Internet of Things (IoT), blockchain, artificial intelligence (AI), machine learning (ML), Kubernetes, and docker, we can expect other technologies such as quantum computing, cloud gaming, augmented and virtual reality (VR/AR) in the upcoming years.

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