The Europe Cloud Services Brokerage Market would witness market growth of 16.3% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Cloud Services Brokerage Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,938.4 million by 2031. The UK market is exhibiting a CAGR of 15.3% during (2024 - 2031). Additionally, The France market would experience a CAGR of 17.3% during (2024 - 2031).
This platforms serve various applications across industries, allowing businesses to leverage cloud computing more effectively. One of the most significant applications is cloud aggregation and integration, where CSBs help businesses consolidate services from multiple cloud vendors into a single, seamless infrastructure.
Another major application of CSBs is cloud governance and regulatory compliance, which has become especially critical in light of data privacy regulations such as the General Data Protection Regulation (GDPR), the Health Insurance Portability and Accountability Act (HIPAA), and the California Consumer Privacy Act (CCPA).
The market in Europe is experiencing steady growth, driven by the increasing adoption of cloud computing among enterprises. As organizations seek to optimize cloud usage, enhance security, and manage multi-cloud environments efficiently, the demand for brokerage services is rising. The expansion of cloud adoption in the EU, as reflected in the growing percentage of enterprises utilizing cloud computing, is a key factor accelerating CSB market growth. According to Eurostat, 42.5% of EU enterprises purchased cloud computing services in 2023, marking a 4.2 percentage point increase compared to 2021. Most businesses leverage cloud services for email, file storage, and office software, highlighting the growing reliance on cloud-based solutions. As more enterprises shift to cloud environments, challenges related to cloud cost optimization, vendor management, security, and compliance become prominent, creating a strong need for cloud service brokers to assist with service integration, cost control, and compliance with EU data protection regulations, such as the GDPR. Additionally, EU initiatives promoting digital transformation and cloud adoption in sectors such as finance, healthcare, and manufacturing further support the expansion of the market. The rising cloud adoption across European enterprises is fuelling demand for cloud services brokerage.
Free Valuable Insights: The Global Cloud Services Brokerage Market will Hit USD 32.78 Billion by 2031, at a CAGR of 16.7%
Based on Platform, the market is segmented into Internal Brokerage Enablement, and External Brokerage Enablement. Based on Service, the market is segmented into Integration & Support, Automation & Orchestration, Billing & Provisioning, Migration & Customization, Security & Compliance, and Other Service. Based on Deployment, the market is segmented into Public, Hybrid, and Private. Based on Enterprise Size, the market is segmented into Large Enterprises, and Small and Medium-sized Enterprises. Based on End use, the market is segmented into IT & Telecommunications, BFSI, Government & Public Sector, Healthcare, Consumer Goods & Retail, Manufacturing, Energy & Utilities, and Other End Use. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Platform
By Service
By Deployment
By Enterprise Size
By End use
By Country
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