Cloud services brokerage (CSB) is an IT role and business model that helps organizations handle and combine their cloud services from various providers. It offers services such as cloud service selection, integration, customization, migration, security, governance, compliance, and management. CSB acts as a middleman, allowing organizations to benefit from multiple cloud services while managing risks, costs, and complexity, thus improving efficiency and productivity.

Drivers: The widespread use of cloud computing is increasing demand for products as more organizations need help managing their complex cloud environments. This leads to a higher demand for cloud security and compliance, creating a positive outlook for the market. Additionally, many industries are seeking hybrid IT and multi-cloud management to enhance performance and lessen costs, aiding market growth. Government initiatives promoting cloud infrastructure are also important. Innovations like big data analytics, AI, and IoT offer growth opportunities, while urbanization and the rise of SMEs further benefit the market.

Challenges: As companies move to the cloud, they face increased risks like hacking, data breaches, and data loss. Many organizations hesitate to use cloud services due to concerns about the security of their information online. This means cloud brokers need strong policies to protect customers' confidential details from unauthorized access. They must ensure encryption and secure authentication to keep transferred documents safe. Legal requirements like GDPR and CCPA add further complexity, requiring brokers to comply with laws regarding data handling. Different security measures by cloud providers raise questions about vendor reliability. Quick actions during security events can limit damage, so brokers must prioritize strong data protection and compliance measures.

Market Trends: The incorporation of AI and machine learning technologies into broking solutions is transforming the cloud services environment. Broking firms may accomplish intelligent automation, predictive analytics, and proactive cloud resource management by leveraging AI and machine learning algorithms. These enhanced capabilities allow organisations to improve performance and cost-efficiency by modifying resource allocation, anticipating possible challenges, and automating routine processes. Furthermore, there is an increase in demand for multi-cloud and hybrid cloud solutions, which is increasing the use of CSB services that enable smooth integration and management across many cloud environments. These trends will have a combined effect on the overall market outlook.

Accenture, ActivePlatform, Arrow Electronics, Inc, Atos SE, Cognizant, Fujitsu, IBM, NTT DATA Group Corporation, Tech Mahindra Limited, and Wipro are just a few of the major market players that are thoroughly examined in this market study along with revenue analysis, market segments, and competitive landscape data.

By Service: Based on the Service, Global Cloud Services Brokerage Market is segmented as; Integration and Support, Automation and Orchestration, Billing and Provisioning, Migration and Customization, Security and Compliance, Others.

By Platform: Based on the Platform, Global Cloud Services Brokerage Market is segmented as; Internal Brokerage Enablement, External Brokerage Enablement.

By Deployment: Based on the Deployment, Global Cloud Services Brokerage Market is segmented as; Private, Public, Hybrid.

By Enterprise Size: Based on the Enterprise Size, Global Cloud Services Brokerage Market is segmented as; Large Enterprises, Small and Medium-sized Enterprises.

By End-User: Based on the End-User, Global Cloud Services Brokerage Market is segmented as; IT and Telecom, BFSI, Government and Public Sector, Healthcare, Consumer Goods and Retail, Manufacturing, Energy and Utilities, Others.

By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.