Cloud Service Brokerage Market Worth $19.16 billion by 2020
Jun 22, 2015, 12:00 ET
DALLAS, June 22, 2015 /PRNewswire/ --
According to a new market report "Cloud Services Brokerage Market by Types (Cloud Brokerage Enablement (Internal, External (Telecom Service Providers, System Integrators & ISVs, Hosting & Cloud Providers)), Cloud Brokerage) - Global Forecast to 2020", published by MarketsandMarkets, defines and segments the cloud service brokerage (CSB) market into various segments with an in-depth analysis and market forecast. The global Cloud Service Brokerage Market is expected to grow from $5.24 Billion in 2015 to $19.16 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 29.6% from 2015 to 2020.
Browse 78 market data Tables and 48 Figures spread through 127 Pages and in-depth TOC on "Cloud Services Brokerage Market"
Early buyers will receive 10% customization on this report.
This research report also identifies the factors driving this market, restraints hindering it, challenges, and opportunities impacting it in long run, along with the future roadmaps. The report also emphasizes on key adoption trends, evolution of CSB, future opportunities, and business cases in this rising market.
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MarketsandMarkets expects an increasing adoption of cloud brokerage and cloud brokerage enablement, as major vendors are aggressively investing and rigorously working toward building cost effective platforms, suite and solutions, in an effort to reduce the overall cost incurred by end-users in managing the various services adopted from different vendors. The CSB vendors help the organization in providing a unified view of the all the cloud-based services deployed by the organization and maintaining and managing the overall quality delivered to the end user.
The Cloud Services Brokerage Market is segmented by type of its services: cloud brokerage and cloud brokerage enablement, wherein cloud brokerage enablement has been further segmented in to internal and external brokers. Further, the report has also been segmented by type of end-user: small and medium businesses (SMBs) and enterprises; by type of external brokers: TSPs, ISVs and system integrators, distributors and VARs, hosting and cloud providers, and others; by region: North America, Asia-Pacific (APAC), Europe, Latin America, and the Middle East and Africa (MEA).
Companies such as Jamcracker, Gravitant, Computenext, HP, Accenture, Dell, Nephos Technologies, NEC, Cloud Sherpas, and Capgemini are some of the active key players in the market. There are also large numbers of CSB pure plays which can emerge in the market and which can intensify the competition in the Cloud Services Brokerage Market. Moreover, there are various other MSPs, service resellers, aggregators, and integrators providing service to the companies deploying cloud computing. Such players can become complete solution and platform providers to compete against global players in this market. Thus, the bargaining power of consumers is high and may remain high due to infancy of this market and it is expected to take time for vendors to earn the customers' trust and loyalty.
There are various assumptions that have been taken into consideration for the market forecast and analysis. Few of global assumptions include political, economic, social, technological and economic factors; for example, exchange rates are one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging APAC regions. The governance and compliance is the other factor which is expected to remain moderate for players to enter in this market.
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