Cloud Brokerage Market was valued at USD 8.75 Billion in 2022 and is projected to reach USD 22.1 Billion by 2030, growing at a CAGR of 12.2% from 2024 to 2030.
The global Cloud Brokerage Market has been experiencing rapid growth, driven by the increasing adoption of cloud based services across various industries. As of 2024, the market size is valued at approximately USD 10 billion and is projected to grow at a compound annual growth rate CAGR of around 25% over the next 5–10 years. This growth is primarily driven by businesses’ shift to hybrid and multi cloud environments, the need for optimized cloud solutions, and the rising demand for cloud service integration and management.
Key factors influencing the market include the increasing complexity of cloud ecosystems, the need for cost efficiency, and the demand for businesses to leverage multiple cloud platforms to meet their specific needs. The cloud brokerage market helps organizations by offering cloud service aggregation, integration, and management, streamlining access to various cloud solutions. With advancements in Artificial Intelligence AI, Machine Learning ML, and automation, cloud brokers are enhancing their ability to optimize cloud operations and provide enhanced value to customers.
Get an In-Depth Research Analysis of the Global Cloud Brokerage Market Size And Forecast [2025-2032]
Several factors are driving the expansion of the Cloud Brokerage Market:
Cloud Adoption: The increasing migration of businesses to the cloud for better scalability, flexibility, and cost efficiency is a major driver.
Hybrid and Multi cloud Environments: The growing preference for hybrid and multi cloud strategies allows businesses to use multiple cloud service providers, enhancing their resilience and optimizing costs.
Technological Advancements: Innovations in AI, ML, and automation technologies allow cloud brokers to provide improved cloud orchestration, resource allocation, and cost management services.
Despite the market's growth, some challenges remain:
Complexity in Integration: The integration of multiple cloud platforms can be complex and resource intensive, posing challenges for businesses adopting cloud broker services.
Security Concerns: As organizations increasingly rely on cloud services, there are growing concerns regarding data privacy and security, limiting some potential users from fully adopting cloud broker solutions.
Regulatory Barriers: Compliance with regional and industry specific regulations is a significant challenge, requiring cloud brokers to offer solutions that adhere to strict regulatory requirements.
Despite these challenges, the cloud brokerage market presents several opportunities for growth:
Sustainability Initiatives: Companies are increasingly adopting cloud solutions to reduce their carbon footprints, providing cloud brokers with opportunities to offer energy efficient services and solutions.
SMBs and Startups: The rise of small and medium sized businesses SMBs and startups seeking affordable, flexible cloud solutions presents a significant opportunity for growth in the cloud brokerage space.
AI and Automation: The growing role of AI and automation in optimizing cloud resource management and orchestration creates opportunities for cloud brokers to offer more efficient and cost effective solutions.
The cloud brokerage market can be segmented into various applications:
Cloud Service Aggregation: This application enables businesses to access services from multiple cloud providers via a single interface, enhancing operational efficiency.
Cloud Integration: Cloud brokers facilitate the seamless integration of various cloud services to create a unified cloud environment, improving scalability and flexibility.
Cloud Management: Cloud brokers provide tools to manage cloud resources, monitor usage, and optimize performance, ensuring that businesses get the most out of their cloud investments.
The primary end users of cloud brokerage services include:
Enterprises: Large enterprises are the largest users of cloud brokerage services, as they have complex IT environments that require integration and optimization across multiple cloud platforms.
Small and Medium sized Businesses SMBs: SMBs are increasingly adopting cloud solutions for their flexibility, scalability, and cost effectiveness, creating a growing demand for cloud brokerage services.
Government and Public Sector: Government organizations require secure, compliant, and efficient cloud brokerage services to manage large scale IT infrastructures.
The cloud brokerage market is geographically segmented as follows:
North America: As the largest regional market, North America leads the adoption of cloud services and cloud brokerage solutions, driven by the presence of major technology companies and a high degree of cloud adoption.
Europe: Europe is also experiencing significant growth, with businesses seeking multi cloud strategies to optimize their operations and comply with stringent data privacy regulations.
Asia Pacific: The Asia Pacific region is witnessing rapid digital transformation, creating a growing demand for cloud brokerage services in countries like India, China, and Japan.
Latin America and Middle East & Africa: These regions are seeing slower growth, but the potential for expansion remains high due to the increasing adoption of cloud solutions.
Several major companies are dominating the Cloud Brokerage Market:
IBM Corporation: A leading provider of cloud brokerage services, offering solutions such as cloud integration, optimization, and management for enterprises.
Accenture: Known for its consulting services, Accenture offers comprehensive cloud brokerage solutions, including service aggregation, management, and migration strategies.
CloudBolt Software: A prominent player specializing in hybrid cloud management and optimization solutions, CloudBolt offers businesses tools to manage and optimize their cloud environments.
RightScale Acquired by Flexera: Provides cloud management solutions with a focus on cost optimization, monitoring, and governance across multiple cloud platforms.
Several key trends and innovations are shaping the Cloud Brokerage Market:
AI and Machine Learning: AI and ML technologies are being integrated into cloud brokerage services to provide intelligent resource optimization, predictive analytics, and automation of cloud management tasks.
Cloud Native Applications: Cloud native applications are increasingly being used to enable scalability and flexibility, with cloud brokers offering enhanced support for these applications.
Blockchain Integration: Some cloud brokers are integrating blockchain technologies to enhance security, transparency, and trust in multi cloud environments.
Serverless Computing: Serverless computing is gaining traction in the cloud brokerage market as organizations look for more efficient, scalable solutions without the need for infrastructure management.
The Cloud Brokerage Market faces several challenges:
Supply Chain Issues: Disruptions in global supply chains can affect the availability and pricing of cloud infrastructure. Companies can address this by diversifying their cloud providers and adopting hybrid models.
Pricing Pressures: Intense competition in the cloud services market has driven prices down, making it challenging for cloud brokers to maintain profitability. Cloud brokers can focus on providing added value through optimized solutions and efficient management services.
Regulatory Barriers: Navigating different regulations across regions can be complex for cloud brokers. Developing region specific solutions and working closely with regulatory bodies can mitigate these challenges.
The future of the Cloud Brokerage Market looks promising, with several factors expected to drive its growth:
Cloud Service Diversification: The increasing variety of cloud services, including public, private, and hybrid clouds, will drive demand for cloud brokerage solutions that can offer seamless integration and management.
AI and Automation: The rise of AI powered tools and automated cloud management solutions will further enhance the capabilities of cloud brokers, making cloud environments more efficient and cost effective.
Emerging Markets: The growing digitalization of emerging markets in Asia, Africa, and Latin America presents a huge opportunity for cloud brokers to expand their reach.
North America and Europe are currently the leading regions in the cloud brokerage market, driven by high cloud adoption rates and a favorable regulatory environment.
Key applications include cloud service aggregation, cloud integration, and cloud management, which help businesses optimize their cloud resources and streamline operations.
Challenges include supply chain disruptions, pricing pressures, regulatory compliance issues, and integration complexities. Solutions include diversifying cloud providers, adopting automation, and developing region specific compliance solutions
Appirio
Avnet Cloud Marketplace
IBM
ComputeNext
Jamcracker
Green Pages
Cloud Cruiser
Duncan
LLC
Nervogrid
Suitebriar
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Cloud Brokerage Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Cloud Brokerage Market
IT
Media
Industrial Use
Research
Government Agency
Others
Based on Types the Market is categorized into Below types that held the largest Cloud Brokerage market share In 2023.
Cloud Service Aggregation
Cloud Service Arbitrage
Cloud Service Integration
Cloud Service Intermediation
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Cloud Brokerage Market Research Analysis
1. Introduction of the Global Cloud Brokerage Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Cloud Brokerage Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cloud Brokerage Market, By Type
6. Global Cloud Brokerage Market, By Application
7. Global Cloud Brokerage Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Cloud Brokerage Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/