Cloud Brokerage Market Trends and Regional Insights Forecasted for Period from 2024 to 2031

The global "Cloud Brokerage market" is a dynamic and growing industry. By understanding the key trends, upcoming technologies, and growth opportunities, Cloud Brokerage companies can position themselves for success in the years to come. The Cloud Brokerage market is projected to expand at a CAGR of 13.7% during the forecasted period from 2024 to 2031.

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Cloud Brokerage Market Analysis and Report Coverage

The Cloud Brokerage industry has experienced significant growth, driven by increasing cloud adoption, the need for multi-cloud strategies, and efficient resource management. Current reports indicate a market size of several billion dollars, with projected growth rates exceeding 20% annually. Key trends include the rise of AI-driven brokerage services, enhanced security measures, and integration of IoT alongside cloud services. Understanding this landscape enables businesses to identify growth opportunities, tailor product development to market demands, and optimize marketing strategies. Staying informed on competitive dynamics allows companies to make strategic decisions, ensuring they adapt to shifts in customer preferences and technological advancements.

Cloud Brokerage Key Market Players & Competitive Insights Source

• Appirio
• Avnet Cloud Marketplace
• IBM
• ComputeNext
• Jamcracker
• Green Pages
• Cloud Cruiser
• Duncan, LLC
• Nervogrid
• Suitebriar

The Cloud Brokerage Market features several major players, with key front-runners including Appirio, IBM, and Jamcracker. These companies enhance the cloud brokerage ecosystem by offering services that simplify cloud sourcing, management, and integration for businesses.

Appirio specializes in cloud services and workforce management solutions, enabling organizations to leverage cloud technology effectively. IBM brings robust analytics and cognitive capabilities, supporting businesses in optimizing their cloud strategies. Jamcracker focuses on multicloud management, allowing clients to navigate various cloud platforms seamlessly.

Avnet Cloud Marketplace and ComputeNext enhance the cloud brokerage experience by providing comprehensive marketplaces that facilitate the buying and selling of cloud services. Green Pages and Cloud Cruiser focus on improving visibility and control over cloud expenditures, helping companies manage their spending efficiently.

Nervogrid and Suitebriar provide tailored solutions for cloud management and optimization, further contributing to market growth. Duncan, LLC is involved in consultancy, leading companies to adopt strategic cloud brokerage practices.

While specific sales revenue figures vary, notable companies like IBM generally report revenues exceeding $70 billion annually across all divisions. Appirio's parent, Wipro, reported substantial revenue, indicating significant contributions from their cloud offerings. This overall growth in the Cloud Brokerage Market is driven by increased cloud adoption and the demand for efficient management solutions.

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Global Cloud Brokerage Industry Segmentation Analysis 2024 - 2031

Cloud Brokerage Market Type Insights

• Cloud Service Aggregation
• Cloud Service Arbitrage
• Cloud Service Integration
• Cloud Service Intermediation
• Others

Cloud brokerage encompasses various types, including Cloud Service Aggregation, which combines multiple services into a unified solution; Cloud Service Arbitrage, which enables selecting the best pricing and performance from various providers; Cloud Service Integration, facilitating seamless operations between cloud and on-premises services; and Cloud Service Intermediation, acting as a facilitator between users and cloud services. This segmentation aids leaders in identifying market trends, optimizing their product offerings, and forecasting financial impacts. By understanding these categories, organizations can strategically allocate resources, tailor services, and enhance customer experiences based on anticipated developments in cloud technology and demand.

Cloud Brokerage Market Application Insights

• IT
• Media
• Industrial Use
• Research
• Government Agency
• Others

Cloud Brokerage facilitates the integration of diverse cloud services across various sectors. In IT, it streamlines service procurement and management; in media, it enables content delivery optimization and storage solutions. Industrial use optimizes supply chains and production processes through data analytics. Research benefits from resource pooling for large-scale data analysis. Government agencies utilize it for secure data management and cost-effective service deployment. Other sectors leverage brokerage for customized cloud solutions. The fastest-growing application segment, in terms of revenue, tends to be IT, driven by increasing demand for agile, cost-efficient cloud services and multi-cloud strategies.

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Important regions covered in the Cloud Brokerage Market report include:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Cloud Brokerage market is expanding across key regions, with North America leading due to high adoption rates in the United States and Canada. In Europe, Germany, France, and the . contribute significantly, bolstered by growing digital transformation initiatives. The Asia-Pacific region, particularly China, Japan, and India, shows rapid growth driven by increasing cloud service adoption. Latin America's key players include Brazil and Mexico, focusing on cloud cost management. In the Middle East and Africa, Turkey and the UAE are notable contributors. Overall, North America is expected to hold the largest market share, followed by Europe and Asia-Pacific.

Cloud Brokerage Market Dynamics

• Increasing prevalence and demand for Cloud Brokerage


• Technological advancements in Cloud Brokerage


• Growing awareness and diagnosis


• Supportive government initiatives


• Growing population

The insights for each vendor include:

• Company profile


• SWOT analysis


• Key market details


• Market share


• Revenue, pricing, and gross margin 

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Crucial insights in the Cloud Brokerage Market Research Report: 

The Cloud Brokerage market is influenced significantly by both macroeconomic and microeconomic factors, including economic growth rates, technological advancements, and competition dynamics. As businesses increasingly adopt cloud services for efficiency and flexibility, brokers facilitate the integration of multiple cloud services, enhancing market growth. The scope of this market encompasses service aggregation, governance, and management solutions. Current trends indicate a shift towards hybrid and multi-cloud strategies, driven by evolving customer needs and regulatory changes. Additionally, the emphasis on cost optimization and digital transformation further propels demand for cloud brokerage services, positioning them as vital intermediaries in the cloud ecosystem.

Table of Contents:

• Introduction


• Research Scope


• Customer Segmentation


• Data Gathering Strategies


• Key Definitions & Caveats


• Executive Summary


• Market Dynamics


• Cloud Brokerage Market Drivers


• Cloud Brokerage Market Restraints


• Market Opportunities


• Key Insights


• Value Chain


• Major M&A moves and game-changing partnerships.


• Covid-19 Impact


• Future of the Healthcare Industry


• Competitive Landscape


• Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements


• Cloud Brokerage Market Growth Size 2024


• Strategies Adopted by Leading Players


• Company Profiles (Overview, Financials, Products and Services, and Recent Developments)


• Disclaimer

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Frequently Asked Questions:

• What is the current size of the Cloud Brokerage Market?


• What factors are influencing Cloud Brokerage Market growth in North America?


• Who are the key players in the Cloud Brokerage Market? 


• Which region has the biggest share in Cloud Brokerage Market?

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