The cloud services brokerage market share is expected to increase by USD 30.07 billion from 2020 to 2025, and the market's growth momentum will decelerate at a CAGR of 26.41%. This cloud services brokerage market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The cloud services brokerage market report also offers information on several market vendors, including Accenture Plc, Arrow Electronics Inc., Capgemini Services SAS, Cognizant Technology Solutions Corp., Dell Technologies Inc., DXC Technology Co., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp., and Wipro Ltd. among others. Furthermore, this report extensively covers cloud services brokerage market segmentation by deployment (public, private, and hybrid) and geography (North America, APAC, Europe, MEA, and South America).

What will the Cloud Services Brokerage Market Size be During the Forecast Period?

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Cloud Services Brokerage Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The access to expertise is notably driving the cloud services brokerage market growth, although factors such as latency in the cloud network may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cloud services brokerage industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cloud Services Brokerage Market Driver

One of the key factors driving the cloud services brokerage market growth is the access to expertise. Cloud, as a concept and technology, is relatively new in the IT industry, and all enterprises are not aware of the benefits of the technology. However, in the recent past, several enterprises across the world had adopted cloud and hybrid deployment models. However, without the required expertise in cloud management, many enterprises are not being able to realize the full benefits of cloud services. Cloud services brokers, being erudite in their field, reduce the barriers associated with the adoption of cloud services by enabling enterprises to effectively and efficiently understand and manage the cloud. The transformation from the traditional method of data storage to the cloud involves several processes and technical interfaces. The brokers manage and customize services in the cloud due to their knowledge and skill, which are required to understand advances in technology. Sometimes, they also evaluate services from different CSP and enable enterprises to understand the use of cloud services to encourage digital innovation.

Key Cloud Services Brokerage Market Trend

Another key factor driving the cloud services brokerage market growth is the customization of cloud features. Enterprises require the services of CSPs for different functions. Hence, they require customization, such as a combination of aggregation and integration with other value-added services. Cloud services brokers provide the option of customization using open-source projects such as CompatibleOne. OpenText Cordys, which is a set of proprietary software tools dedicated to the customization of cloud brokering platforms, can also be used. VerioCatalyst, which is a platform with a layered architecture, can also be used for customization. VerioCatalyst offers a service provisioning system, an administration platform, and a retail interface. It has payment and product bundling capabilities. The customization of cloud services offers unique purpose-oriented platforms such as Virtacore, a company that specializes in disaster recovery and Google Apps. Some companies make an additional effort into a specific differentiating feature. For instance, Green Cloud Technologies uses technologies such as VMware, NetApp, and Cisco and focuses on answering a specific and custom client need. However, security and trust optimization aspects have not been addressed sufficiently.

Key Cloud Services Brokerage Market Challenge

Latency in the cloud network is one of the key challenges hindering the cloud services brokerage market growth during the retrieval of information from the public cloud infrastructure. The latency in a cloud network is less predictable and further complicated to measure. Tools for measuring latency, such as Ping and Traceroute, are usually not used. There are multiple factors for latency, such as distributed computing, virtualization, and prioritizing traffic. When the cloud environment is larger, it becomes less predictable, and an increase in the workload leads to high variability in service delivery. In the case of virtual machines (VMs), separate networks can lead to packet delays. If the wide area network (WAN) on the customer network is busy, it might lead to a significant effect on latency. Data exchanges between cloud services can lead to much higher latency. This delay in data transfer can result in an increased cost to the users of multiple cloud service providers. Thus, the latency in the cloud network can hinder the adoption of cloud migration services during the forecast period.

This cloud services brokerage market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global cloud services brokerage market as a part of the global data processing and outsourced services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cloud services brokerage market during the forecast period.

Who are the Major Cloud Services Brokerage Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Accenture Plc
• Arrow Electronics Inc.
• Capgemini Services SAS
• Cognizant Technology Solutions Corp.
• Dell Technologies Inc.
• DXC Technology Co.
• Fujitsu Ltd.
• Hewlett Packard Enterprise Co.
• International Business Machines Corp.
• Wipro Ltd.

This statistical study of the cloud services brokerage market encompasses successful business strategies deployed by the key vendors. The cloud services brokerage market is fragmented and the vendors are deploying growth strategies such as product innovations and development to compete in the market.

Product Insights and News

• Accenture Plc - The company offers cloud services brokerage for optimizing both efficiency and flexibility.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The cloud services brokerage market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Cloud Services Brokerage Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the cloud services brokerage market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Cloud Services Brokerage Market?

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34% of the market's growth will originate from APAC during the forecast period. China is the key market for cloud services brokerage in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rapid adoption of cloud technology by various industries and the increasing number of enterprises will facilitate the cloud services brokerage market growth in APAC over the forecast period. Moreover, the growth is primarily attributed to the increasing development of IT infrastructure by enterprises, especially in India and China. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the implementation of lockdowns in many countries such as India, Japan, and Australia, due to the outbreak of COVID-19, had a minimal effect on the growth of the cloud services brokerage market in APAC. This can be attributed to the increasing demand for the cloud in data, as people were maintaining social distancing and, therefore, started using more social media to communicate in 2020. Thus, the COVID-19 pandemic is expected to boost the regional cloud services brokerage market during the forecast period.

What are the Revenue-generating Deployment Segments in the Cloud Services Brokerage Market?

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The cloud services brokerage market share growth by the public will be significant during the forecast period. Cloud services brokerage and consulting services provided to users of public cloud are included in the public segment. The key public cloud services include Windows Azure, AWS, and Rackspace. The adoption of public cloud services is high among small and medium-sized enterprises (SMEs) as they are less costly than private and hybrid cloud services. The integration of public cloud solutions helps technology vendors and service providers support many end-users in a reliable and decentralized manner. This further contributes to the creation of smart environments, such as smart homes and smart cities.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the cloud services brokerage market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Cloud Services Brokerage Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive cloud services brokerage market growth during the next five years
• Precise estimation of the cloud services brokerage market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the cloud services brokerage industry across North America, APAC, Europe, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of cloud services brokerage market vendors

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