How big is the Cloud Services Brokerage Market?

The Cloud Services Brokerage Market size is expected to reach USD 8.60 billion in 2024 and grow at a CAGR of 16.08% to reach USD 18.14 billion by 2029. Read More

What is the current Cloud Services Brokerage Market size?

In 2024, the Cloud Services Brokerage Market size is expected to reach USD 8.60 billion. Read More

Who are the key players in Cloud Services Brokerage Market?

Accenture PLC, Capgemini SE, NEC Corporation, DXC Technology Company and Wipro Limited are the major companies operating in the Cloud Services Brokerage Market. Read More

Which is the fastest growing region in Cloud Services Brokerage Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

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

In 2024, the North America accounts for the largest market share in Cloud Services Brokerage Market. Read More

What years does this Cloud Services Brokerage Market cover, and what was the market size in 2023?

In 2023, the Cloud Services Brokerage Market size was estimated at USD 7.22 billion. The report covers the Cloud Services Brokerage Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cloud Services Brokerage Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Cloud Services Brokerage Market - Companies, Size & Share

Cloud Services Brokerage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Cloud Service Brokerage Market is Segmented by Platform (Internal Cloud Services Brokerage, External Cloud Services Brokerage), Deployment Model (Public, Private, Hybrid), Enterprise (Small and Medium Enterprise, Large Enterprise), End-User Industry (IT and Telecom, Retail, BFSI), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

Cloud Services Brokerage Industry Overview

The cloud services brokerage market features a moderate level of competition and is home to several prominent players. Currently, a few key market leaders hold substantial market share. However, due to ongoing innovations in the cloud sector, most companies are actively expanding their market presence, thus broadening their reach into new markets.

In August 2022, 11:11 Systems, a provider of managed infrastructure solutions, made an important acquisition by purchasing the Cloud Managed Services business of Sungard Availability Services (Sungard AS). The cloud-managed services sector represents a well-established and mature area of cloud management. It caters to blue-chip enterprise customers who rely on hybrid and multi-cloud environments to support their operations, offering them transparency, control, and compliance.

In March 2022, Persistent Systems announced an agreement to acquire MediaAgility, a Princeton, New Jersey-based company. MediaAgility, operating as a Google Cloud Partner, specializes in providing comprehensive cloud transformation services and boasts extensive experience in the development of scalable, cloud-based systems. The company serves more than 35 enterprise service clients worldwide, offering services such as cloud-native application development and modernization, analytics and AI solutions, cloud engineering, migration services, and managed services.