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Cloud Services Brokerage Market - Expected to Reach $9.5 Billion by 2021 - Research and Markets

[December 04, 2017]

Cloud Services Brokerage Market - Expected to Reach $9.5 Billion by 2021 - Research and Markets

The "Cloud Services Brokerage Market by Service Type, Platform, Deployment Model, Organization Size, Vertical and Region - Global Forecast to 2021" report has been added to Research and Markets' offering.

The Cloud Services Brokerage (CSB) market size is expected to grow from USD 4.50 billion in 2016 to USD 9.52 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 16.2% due to the increasing organizational demand for single point cloud services access, thus achieving effective enterprise cost savings and freeing up of internal Information Technology (IT) human resources. However, surviving the CSB hype cycle and application portability on various cloud environments are the major restraints in the overall growth of the market.

The implementation of workload management among businesses is expected to have the highest CAGR during the forecast period. The migration of workloads seems challenging for organizations, and the brokers help in eliminating the challenge. CSBs determine the best cloud service for a workload after taking into consideration certain parameters, such as regulatory compliance, location, technical compatibilit, performance requirements, and cost.

The external brokerage enablement of the CSB market is projected to have the highest CAGR during the forecast period. The external brokerage enablement platform enables service providers, IT & telecom providers, System Integrators (SIs), and others to position themselves as cloud service brokers by operating their private cloud marketplaces. The technology vendors and SIs are also empowered to provide their value-added services on top of core cloud offerings through external brokerage enablement platforms. The external brokerage enablement segment is expected to grow in the coming years due to the number of business benefits and opportunities that it offers to various technology and service providers.

Companies Mentioned