Cloud Services Brokerage (CSB)

Cloud Services Brokerage (CSB)

Global Cloud Services Brokerage (CSB) Market to Reach US$25.7 Billion by 2030

The global market for Cloud Services Brokerage (CSB) estimated at US$8.7 Billion in the year 2023, is expected to reach US$25.7 Billion by 2030, growing at a CAGR of 16.7% over the analysis period 2023-2030. Integration & Support Service, one of the segments analyzed in the report, is expected to record a 16.5% CAGR and reach US$7.6 Billion by the end of the analysis period. Growth in the Migration & Customization Service segment is estimated at 17.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.3 Billion While China is Forecast to Grow at 15.4% CAGR

The Cloud Services Brokerage (CSB) market in the U.S. is estimated at US$2.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2030 trailing a CAGR of 15.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 15.1% and 14.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.9% CAGR.

Global Cloud Services Brokerage (CSB) Market - Key Trends and Drivers Summarized

Cloud Service Brokerages (CSB) have become pivotal in navigating the complexities of multi-cloud environments, helping organizations efficiently manage and integrate various cloud services from different providers. As companies increasingly adopt multi-cloud strategies to leverage distinct advantages from platforms like AWS and Microsoft Azure, they encounter challenges such as "shadow IT," security vulnerabilities, and uncontrolled costs due to decentralized access and management of cloud resources. CSBs address these issues by acting as intermediaries, optimizing the use of cloud services by aggregating, integrating, and customizing them to meet specific organizational needs. By simplifying billing and vendor management, CSBs allow businesses to maintain operational efficiency and ensure IT capabilities align with departmental demands, enhancing overall business agility and responsiveness to market changes.

The role of CSBs is critical in maximizing the benefits of cloud computing while minimizing risks and costs. They facilitate better risk management by allowing sensitive data to remain on-premises or in a private cloud, using public clouds for less critical data, which is crucial for adhering to compliance regulations in sectors like healthcare and finance. Additionally, CSBs enhance operational efficiency by offering unified management consoles for various cloud services, which helps eliminate redundancies and optimize resource utilization. Moreover, their deep knowledge of cloud environments aids businesses in selecting appropriate services, negotiating favorable terms, and managing costs effectively. This comprehensive approach not only safeguards against security breaches but also aligns IT resources with strategic business goals, making IT departments accelerators of business growth rather than just support entities.

Several growth drivers are catalyzing the adoption of CSB services, including the increasing complexity of cloud environments and the need for cost efficiency, security, compliance, and customized cloud solutions. As organizations strive to enhance their digital transformation initiatives, CSBs play an essential role in making cloud services more accessible and manageable, thereby supporting innovative business models and new digital strategies. The integration capabilities of CSBs, particularly in blending cloud services with legacy systems, ensure smooth transitions and operational continuity. Their expertise and advisory services are indispensable for organizations lacking in-house cloud expertise, helping them navigate the ever-evolving technological landscape and integrate cutting-edge solutions like AI and machine learning into their operations. Moreover, the globalization of business and complex regulatory environments further amplify the need for CSBs, as they help manage cloud services across different regions, ensuring compliance with local data laws and optimizing performance. This comprehensive support by CSBs enables businesses to focus on core functions and strategic initiatives, enhancing operational efficiency and fostering business agility in a competitive marketplace.

 

Select Competitors (Total 61 Featured) -

• Accenture Plc
• Appirio
• BMC Software, Inc.
• Capgemini S.A
• CenturyLink
• Cisco Systems Inc.
• Cloudability Inc.
• CloudMore
• ComputeNext
• Dell Boomi
• DoubleHorn, LLC
• Forcepoint
• IBM Corp.
• Jamcracker, Inc.
• Liaison Technologies, Inc.
• Neostratus
• OpenText Corp
• RightScale, Inc.
• Spotinst
• Veeam® Software

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