Portland, OR -- (SBWIRE) -- 08/04/2017 -- Cloud service brokerage acts as an intermediary between the third party or a company and customers of cloud computing services. Broker offers services such as customization, integration and aggregation to fulfill cloud adoption need of the customers. These brokers help customers to select right service and offer customization to satisfy their requirements. The cloud service brokerage market is expected to grow in future due to continuous increase in adoption of cloud computing services and hybrid cloud models. The global cloud service brokerage market is expected to grow at a CAGR of over 16.2% from 2017 to 2025.

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Based on service type, the market is divided into operations management, catalog management, workload management, support and maintenance, training and consulting, and integration. According to organization size, the market is categorized into large enterprises and small and medium enterprises (SMEs). On the basis of deployment model, the market is bifurcated into public cloud, hybrid cloud, and private cloud. Based on end-use industry, the market is segmented as BFSI, IT and telecommunication, healthcare and pharmaceuticals, hospitality and retail, government and public utilities, and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

Market Dynamics:

Drivers:

Increasing adoption of hybrid and multi-cloud models

Rising demand for access to single point cloud services

Reducing internal IT human resources

Increasing use of cloud services in business operations to achieve cost effective solutions

Restraints:

Lack of awareness
Application compatibility on numerous cloud environments
Security concerns

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Market Players:
The top players in the global cloud service brokerage market include Capgemini S.A., Accenture PLC, Cognizant Technology, Rightscale, Inc., NEC Corporation, Jamcracker, Inc., Arrow Electronics, Inc., Hewlett Packard Enterprise, Doublehorn, LLC, and Nephos Technologies.

MARKET LANDSCAPE

By Service Type

Operations management
Catalog management
Workload management
Support and maintenance
Training and consulting
Integration

By Organization Size
Large enterprises
Small and medium enterprises (SMEs)

By Deployment Type
Public cloud
Hybrid cloud
Private cloud

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By End Use Industry
BFSI
IT and telecommunication
Healthcare and pharmaceuticals
Hospitality and retail
Government and public utilities
Others