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Wednesday, November 1, 2023

Global Cloud Service Brokerage Market is Anticipated to Grow at a CAGR of 15.8% during 2024 to 2030

The future of the global cloud service brokerage market looks promising with opportunities in the public cloud and private cloud markets. The global cloud service brokerage market is expected to reach an estimated $19.83 billion by 2030 with a CAGR of 15.8% from 2024 to 2030. The major drivers for this market are high security concerns related to the data safety and rising adoption of hybrid IT and multi-cloud management.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the cloud service brokerage market by service type (integration & support, migration & customization, and automation & orchestration), platform (internal brokerage enablement and external brokerage enablement), deployment model (public cloud and private cloud), end use (IT & telecom, BFSI, government & public sector, healthcare, consumer goods & retail, manufacturing, energy & utilities, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3.  Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6.  What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, integration & support, migration & customization, and automation & orchestration are the major segments of cloud service brokerage market by service type. Lucintel forecasts that integration and support will remain largest segment over the forecast period as it aids the organizations in managing their service life cycle and associated changes. Within this market, public cloud will remain the largest segment because it meets the demand for scalability and provides pay per usage pricing strategy and can be deployed easily.

APAC is expected to witness highest growth over the forecast period due to high adoption of CSB along with significant advancements in telecommunication and cloud computing in the region.

Accenture, IBM, Atos, Capgemini, Jamcracker, Cognizant Technology, Dxc Technology, Infosys, Hewlett Packard Enterprise Development, and Fujitsu are the major suppliers in the cloud service brokerage market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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