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Cloud Services Brokerage and Enablement Market Worth USD 26.71 Billion by 2021 - Increased Adoption of Cloud Tech by SMEs - Research and Markets

[July 14, 2016]

Cloud Services Brokerage and Enablement Market Worth USD 26.71 Billion by 2021 - Increased Adoption of Cloud Tech by SMEs - Research and Markets

Research and Markets has announced the addition of the "Cloud Services Brokerage and Enablement Market - Global Forecast to 2021" report to their offering.

The cloud services brokerage and enablement market size is estimated to grow from USD 7.44 billion in 2016 to USD 26.71 billion by 2021, at an estimated CAGR of 29.1% from 2016 to 2021.

The cloud services brokerage and enablement market is driven by factors such as increased adoption of cloud technology by Small and Medium Enterprises (SMEs) and the organization's inclination toward SaaS (News - Alert)-based offerings.

North America holds the largest market share in 2016 while APAC is fastest maturing in terms of CAGR. Factors such as continual growth in mobile workforce, increasing complexities in businesses, unregulated nature of internet, and growth in the adoption of BYOD are expected to push companies in APAC to adopt Cloud Services brokerage (CSB).

Along with this, the rise in the complex business processesand maintenance costs in Latin America has made companies in this region to opt for cloud services. Further, the majority of the available labor in Latin America is not adequately skilled or certified to operate the in-house services of the company. SMEs and enterprises belonging to various verticals are expected to increase investments in cloud computing services during the next five years. This is the major driving force for the emergence of cloud brokerage firms in the region.

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