The global cloud service brokerage market is expected to grow at a significant CAGR of 11% during the forecast period. Cloud-based models’ flexibility and agility would meet organizations IT service needs. Microsoft, IBM, and Amazon Web Services (AWS), the main CSPs/hyperscale’s, are likely to boost their CAPEX primarily for data center expansion to handle the growing workload for their internal and external stakeholders.
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The rising focus on offering client-centric applications to meet customer satisfaction, as well as the growing requirement to control and reduce Capital Expenditure (CAPEX) and Operational Expenditure (OPEX), are just a few of the causes driving the expansion of innovative technologies. Some of the key issues impeding market expansion are rising data security concerns and a lack of understanding about cloud brokerage services.
The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launch, and product innovation to remain competitive in the market. For instance, IBM Cloud Direct Link, a network service designed to provide secure and rapid data transfer between private infrastructure and the public cloud, was launched in March 2018 and is now co-located in Interxion’s Frankfurt and Stockholm facilities.
Digital opportunities for enterprises to gain actionable, data-driven insights, drive better customer experiences, increase employee performance, and deliver better business outcomes are explored in the DXC Digital Directions series, which was published in January 2018 and written by the company’s global technology leaders.
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Market Coverage
- Segments covered- By Platform Type, by Deployment Model
- Competitive Landscape- Accenture PLC, Capgemini SE, NEC Corporation, DXC Technology Co., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Cloud service brokerage Market Segmentation
- By Platform Type
- Internal
- External
- By Deployment Model
- Public
- Private
- Hybrid
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