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 an estimated Compound Annual Growth Rate (CAGR) of 16.2%.
Seattle, WA -- (SBWIRE) -- 11/02/2017 -- According to a new market research report "Cloud Services Brokerage Market by Service Type, Platform, Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets™, the 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% during the forecast period. The major drivers of this market include the proliferation of hybrid & multi-cloud environments and the enterprise need of achieving cost savings.
Browse 64 market data tables and 48 figures spread through 126 pages and in-depth TOC on "Cloud Services Brokerage Market by Service Type, Platform, Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2021"
The internal brokerage enablement platform is expected to dominate the CSB market share during the forecast period
The internal brokerage enablement platform is estimated to have the largest market share in the CSB market. The increasing employee demands for a single point of access to all cloud services, ranging from externally provided cloud services such as Software as a Service (SaaS) to internally operated virtualized infrastructure and application services, is a driving factor for the internal brokerage enablement segment. A rapidly growing demand for unified security and hybrid Information Technology (IT) deployment models is driving the CSB market.
Operations management service type is expected to hold the largest market share during the forecast period
The factors driving the demand of the operations management service type among both cloud consumers and service providers are the need to identify anomalies in the revenue cycle and improving customer onboarding that can be used by businesses to make informed decisions when it comes to understand the financial processes and improving customer interactions.
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North America is the leading region in terms of market share in the CSB marketspace
North America is expected to hold the largest market share and dominate the CSB market in 2016, due to the increased cloud enablement activities and growing trends in cloud marketplaces. The U.S. is the most prominent country in the region owing to the major presence of end-users across various verticals and institutes of the U.S. Federal Government, and the need for CSB due to the increasing focus to curtail company operational costs. These are some of the major driving factors contributing to the growth of CSB services in North America.
Major vendors covered in the CSB market for the study are Accenture PLC (Dublin, Ireland), Capgemini S.A. (Paris, France), NEC Corporation (Tokyo, Japan), Jamcracker, Inc. (California, U.S.), RightScale, Inc. (California, U.S.), Arrow Electronics, Inc. (Colorado, U.S.), Hewlett Packard Enterprise (California, U.S.), International Business Machines Corporation (New York, U.S.), Nephos Technologies (London, U.K.), and DoubleHorn, LLC (Texas, U.S.).
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