Cloud Services Broker Market
The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Cloud Services Broker Market. The growth sectors of the Cloud Services Broker Market are identified with precision for a better growth perspective.
The global cloud services brokerage market is projected to register a CAGR of 16.4% during the forecast period from 2019 to 2024 to reach USD 14.83 billion. The geographic analysis of the market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to be the dominating region in terms of the adoption of CSB services and platform. For the purpose of analysis, the North American market has been segmented into the US, Canada, and Mexico. The growth of this market can be attributed to the high adoption of cloud technology in the BFSI, telecommunications and IT, and healthcare verticals. The US is the leading country-level market, while Mexico is projected to be the fastest-growing during the forecast period.
The European market has been divided into the UK, Germany, France, and the rest of Europe. In terms of market size, Europe is expected to be the second-largest region. are driving the market growth in Europe. The UK is the leading country-level market with Germany expected to register the highest growth during the forecast period.
Asia-Pacific is anticipated to be the fastest growing market in the global CSB market over the forecast period. The regional market has been segmented into China, Japan, India, and the rest of Asia-Pacific. The rapid economic growth in major countries such as China, Japan, India, pay-as-you-go pricing model of CSBs, rapid adoption of cloud technology and economic stability are the key factors driving the growth of CSB market in the region.
The Middle East & African region is expected to witness a steady growth during the forecast period with the growing adoption of cloud technology in the region. The enterprises from BFSI, telecommunication and IT, and healthcare and life sciences are expected to adopt CSB solutions.
In South America, the market is still in the nascent stage and is expected to grow steadily in the near future.
The global CSB market has been segmented based on service, platform, organization size, deployment, vertical, and region/country.
By service, the global CSB market has been divided into security and compliance, training and consulting, support and maintenance, workload management, operations management, reporting and analytics, and catalog management. The workload management segment accounted for the largest market share in 2018.
By platform, the global CSB market has been divided into internal brokerage enablement and external brokerage enablement. The market share of external brokerage enablement is expected to be higher in the forecast period.
Based on organization size, the global CSB market has been divided into small- and medium-sized enterprise (SME) and large enterprise. The SME segment is expected to register the higher CAGR in the forecast period.
By deployment model, the global CSB market has been divided into public cloud, private cloud, and hybrid cloud.
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Cloud Services Brokerage Market by Type, Size, Growth and Forecast – 2024 | MRFR
Cloud Services Brokerage Market is likely to register a CAGR of 16.4% during the forecast period,…
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