Market Overview

Global Cloud Services Brokerage Market size and share is currently valued at USD 10.95 billion in 2024 and is anticipated to generate an estimated revenue of USD 56.40 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 17.9% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034.
The cloud services brokerage (CSB) market is witnessing robust growth as enterprises increasingly adopt multi-cloud and hybrid cloud strategies to improve operational efficiency, scalability, and cost-effectiveness. Cloud services brokers act as intermediaries that help organizations select, integrate, and manage cloud services from multiple providers. CSB solutions enable seamless service aggregation, customization, and governance across public, private, and hybrid cloud environments. Rising digital transformation initiatives, increasing cloud adoption across industries, and the growing need for efficient IT management are driving market expansion. Additionally, CSBs facilitate cloud optimization, vendor management, and enhanced security, making them crucial in modern enterprise IT strategies.

Growth Drivers
Key factors driving growth in the cloud services brokerage market include:

• Increasing adoption of multi-cloud and hybrid cloud strategies by enterprises.
• Need for seamless integration and management of cloud services across diverse IT environments.
• Rising demand for IT cost optimization, scalability, and flexibility.
• Growing digital transformation initiatives across industries.
• Enhanced focus on data security, compliance, and governance in cloud deployments.

𝐌𝐚𝐣𝐨𝐫 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

• Accenture
• TCS
• IBM
• Broadcom
• Arrow Electronics
• Fujitsu
• DXC Technology
• Wipro
• Eviden
• AWS
• Infosys
• NTT Data
• Tech Mahindra
• BMC Software
• Flexera
• DigitalOcean Holdings, Inc.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞: https://www.polarismarketresearch.com/industry-analysis/cloud-services-brokerage-market

Market Challenges and Opportunities

Challenges:

• Complexity in managing multiple cloud services and providers simultaneously.
• Security and privacy concerns related to third-party cloud service integration.
• High cost of advanced CSB solutions for small and medium enterprises.
• Limited awareness and technical expertise in emerging markets.

Opportunities:

• Development of AI-powered cloud brokerage platforms for automated service selection and optimization.
• Expansion into emerging markets with growing cloud adoption and digital infrastructure.
• Integration with enterprise IT management and monitoring tools for seamless workflow.
• Partnerships with cloud service providers to offer customized and industry-specific solutions.

Market Segmentation
The cloud services brokerage market can be segmented into:

• By Service Type: Integration Services, Managed Services, Aggregation Services.
• By Deployment Mode: Cloud-Based, On-Premise.
• By Organization Size: Large Enterprises, Small & Medium Enterprises (SMEs).
• By Industry Vertical: BFSI, IT & Telecom, Healthcare, Retail, Manufacturing, Government, Others.

Integration services dominate the market due to high demand for cloud service unification and workflow optimization, while managed services are increasingly preferred for cost efficiency and operational reliability.

Regional Analysis

• North America: Leads the market due to advanced IT infrastructure, high cloud adoption, and presence of leading CSB providers.
• Europe: Significant growth driven by enterprise digital transformation, regulatory compliance requirements, and multi-cloud adoption.
• Asia-Pacific: Expected to witness the fastest growth due to rapid cloud adoption, digitalization initiatives, and expansion of IT services in countries like India, China, and Japan.
• Latin America: Gradual growth supported by increasing cloud adoption in BFSI and IT sectors.
• Middle East & Africa: Emerging opportunities fueled by investments in cloud infrastructure, government digitization programs, and enterprise modernization.

Summary
The cloud services brokerage market is poised for substantial growth as cloud service integration, multi-cloud management, IT outsourcing solutions, and hybrid cloud platforms gain prominence. While challenges such as complexity, security concerns, and high costs exist, opportunities in AI-powered platforms, emerging market expansion, and enterprise integration provide strong growth potential. With increasing demand for efficient cloud management, cost optimization, and digital transformation, the cloud services brokerage market is set to play a pivotal role in enabling enterprises to leverage the full potential of cloud computing globally.

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