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 market has emerged as a pivotal segment within the broader cloud computing ecosystem. As organizations continue to migrate from on-premises infrastructure to cloud-based solutions, the demand for centralized platforms that offer governance, management, and optimization of cloud services is increasing rapidly.

Cloud services brokerage enables businesses to avoid vendor lock-in by providing flexible management of various cloud services from different providers. This model is particularly appealing to enterprises that seek to leverage best-in-class cloud services while maintaining control over cost, performance, and compliance.

Key Market Growth Drivers

Several factors are contributing to the robust growth of the cloud services brokerage market:

1. Increasing Complexity of Multi-Cloud Environments:
   As businesses increasingly adopt multi-cloud and hybrid cloud strategies to avoid dependency on a single provider, managing different platforms becomes complex. Cloud services brokers offer a unified solution to manage, monitor, and optimize these disparate environments.
2. Rising Adoption of Cloud Computing Across Industries:
   The push towards digital transformation is prompting organizations in sectors like healthcare, BFSI, manufacturing, and retail to shift to cloud environments. Cloud brokers help these organizations navigate the complex cloud landscape, enabling smoother transitions and efficient service delivery.
3. Growing Demand for Cloud Consulting and IT Service Management:
   As enterprises grapple with issues like service integration, security, and compliance, the demand for expert cloud consulting and comprehensive IT service management solutions is rising. CSBs provide specialized services that help businesses maximize ROI from their cloud investments.
4. Need for Enhanced Governance and Cost Control:
   Cost overruns and security vulnerabilities are major concerns for enterprises adopting cloud technologies. Cloud services brokers offer tools and platforms that enhance visibility into cloud usage, enforce policies, and manage expenses effectively.

Market Challenges

Despite its promising growth trajectory, the cloud services brokerage market faces a few notable challenges:

1. Security and Privacy Concerns:
   Many organizations are wary of sharing sensitive data with third-party brokers, especially in industries that are heavily regulated. Ensuring data protection while offering cloud integration services remains a significant challenge.
2. Lack of Awareness and Expertise:
   Some enterprises, particularly small and medium-sized businesses, lack the necessary awareness or in-house expertise to fully understand the benefits of cloud brokerage services. This can slow down adoption rates.
3. Integration with Legacy Systems:
   Integrating cloud brokerage platforms with existing legacy infrastructure can be complex and costly. Ensuring seamless integration without disrupting business operations continues to be a hurdle for service providers.
4. Rapid Technological Changes:
   The cloud services landscape is evolving rapidly, with new technologies and providers emerging frequently. Staying updated with these changes and maintaining platform compatibility is an ongoing challenge for cloud brokers.

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

Regional Analysis

The cloud services brokerage market exhibits strong growth potential across all major regions, with North America currently leading the market.

North America remains the dominant market due to the high rate of cloud adoption, presence of major cloud service providers, and a strong ecosystem of cloud consulting and brokerage firms. Enterprises in the U.S. and Canada are increasingly leveraging CSBs to streamline operations and enhance agility.

Europe is also witnessing notable growth, driven by the rising emphasis on data privacy, regulatory compliance, and the demand for efficient cloud resource management. Countries like the UK, Germany, and France are at the forefront of cloud adoption and brokerage innovation.

Asia-Pacific is expected to register the highest growth rate during the forecast period. The region’s expanding IT infrastructure, increasing cloud penetration among SMEs, and growing investments in digital transformation are driving the demand for cloud brokerage services in countries such as China, India, Japan, and Australia.

Latin America and the Middle East & Africa are gradually catching up, with increasing cloud investments and growing awareness of the benefits offered by third-party cloud integration and IT service management platforms.

Key Companies

The competitive landscape of the cloud services brokerage market is marked by the presence of both global tech giants and specialized service providers. Key players are focusing on expanding their service portfolios, forming strategic alliances, and developing innovative platforms to cater to evolving customer demands.

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

Conclusion

As enterprises continue to embrace digital transformation and diversify their cloud strategies, the cloud services brokerage market is set to play a central role in shaping the future of IT operations. By offering a single pane of glass for managing multi-cloud environments, CSBs not only simplify cloud adoption but also enhance control, visibility, and performance.

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