Global Cloud Service Brokerage Market to Expand at 23.6% CAGR from 2016 to 2024


Published Date : Nov 14, 2017

Albany, New York, November 14, 2017: MarketResearchReports.biz has recently announced the addition of a detailed market research report examining the global market for cloud service brokerage to its wide assortment of market research reports. The extensive 226-page report is titled "Cloud Service Brokerage Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024."

The report states that the global cloud service brokerage market will expand at an exponential 23.6% CAGR from 2016 to 2024, rising from a valuation of US$3.3 bn in 2015 to US$22.4 bn by 2024. The considerable potential of growth of the global cloud service brokerage market is chiefly attributed to the massive global rise in demand for cloud services. Moreover, the increased adoption of the hybrid cloud model is also leading to the increased growth potential for cloud service brokers.

The report states that a vast number of factors will prove to be highly beneficial for the market in the next few years, including the increased need for finding new cloud service providers and integrators and the increased demand for deployment, troubleshooting, and support services are also contributing massively towards the overall development of the market. As integration of cloud-based solutions with the central computing infrastructure of enterprises becomes gradually more complex, the need for professional cloud services is becoming more profound. These factors are collectively providing vast scope of development for the global cloud service brokerage market.

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The report presents a detailed overview of the market by segmenting it on the basis of a number of criteria. The report segments the market on the basis of services, enterprise size, end-use industry, solution, and geography. On the basis of services, the market has been segmented into cloud service integration, cloud service aggregation, and cloud service customization. On the basis of end-use industry, the global cloud service brokerage market has been segmented into banking, telecom and information technology, government, healthcare, retail, and banking, financial services & insurance (BFSI).
From a geographical standpoint, the market has been segmented into North America, Europe, South America, Middle East and Africa, and Asia Pacific. Among these, markets in North America and Europe are presently the leading and most profitable markets for cloud service brokerage. Of these, the North America market is likely to dominate the global market owing to the strong presence of some of the leading companies in the cloud and cloud service brokerage market in the region. The rapid rise in adoption of cloud services in the region is also expected to provide vast growth opportunities to the North America cloud service brokerage market over the report's forecast period.
The report also presents a detailed insight into the vendor landscape of the global cloud service brokerage market. The report states that the market is highly competitive owing to the presence of a large number of companies across the globe. While the leading few companies account for a significant share of the market, several small-scale companies, especially across Asia Pacific, present vast challenges to leading companies. Some of the leading companies in the global cloud service brokerage market profiled in detail in the report are ComputeNext Inc., Green Cloud Technologies, LLC, Accenture plc, Jamcracker, Inc., Cognizant Technology Solutions Corporation, Cloud Sherpas, Inc. NEC Corporation, Appirio, Inc., Blue Wolf Group LLC, Nephos Technologies Ltd, Dell Inc. and CapGemini S.A.

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