According to a new report, published by KBV research, The Global Cloud Services Brokerage Market size is expected to reach $32.78 billion by 2031, rising at a market growth of 16.7% CAGR during the forecast period.
The Internal Brokerage Enablement is poised to grow at a CAGR of 16.3 % during the forecast period. This segment focuses on helping organizations manage and streamline their internal cloud services, providing enhanced control over resource allocation, policy enforcement, and cost optimization. Enterprises leveraging internal brokerage enablement benefit from improved governance, security, and efficiency in their cloud operations, making it a preferred choice for businesses seeking to optimize their cloud environments.
The Integration & Support segment captured the maximum revenue in the Global Cloud Services Brokerage Market by Service in 2023, thereby, achieving a market value of $7.0 billion by 2031. This segment focuses on enabling seamless connectivity between different cloud environments, applications, and enterprise systems. Organizations rely on integration & support services to enhance interoperability, optimize workflows, and ensure efficient cloud adoption. These services are crucial in simplifying cloud management, reducing complexity, and improving overall operational efficiency.
The Public segment is experiencing a CAGR of 16.1 % during the forecast period. This segment provides organizations with scalable, cost-effective, and on-demand cloud solutions from third-party providers. Public cloud services brokerage enables businesses to manage multi-cloud environments, optimize cloud spending, and enhance service integration.
The Large Enterprises segment led the maximum revenue in the Global Cloud Services Brokerage Market by Enterprise Size in 2023, thereby, achieving a market value of $22.8 billion by 2031. Large enterprises rely on cloud services brokerage to manage complex multi-cloud environments, optimize costs, and enhance security. These organizations require advanced cloud management solutions to streamline operations, ensure compliance, and improve scalability.
The IT & Telecommunications segment is growing at a CAGR of 15.4 % during the forecast period. This segment heavily relies on cloud services brokerage to manage complex cloud infrastructures, enhance network performance, and support digital transformation initiatives. With the increasing adoption of 5G, edge computing, and AI-driven applications, IT & telecommunications companies require efficient cloud brokerage solutions to optimize resource utilization, ensure seamless service integration, and maintain high levels of security and compliance.
Full Report: https://www.kbvresearch.com/cloud-services-brokerage-market/
The North America region dominated the Global Cloud Services Brokerage Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $12.0 billion by 2031. The Europe region is anticipated to grow at a CAGR of 16.3% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 17.3% during (2024 - 2031).
By Platform
By Service
By Deployment
By Enterprise Size
By End use
Unique Offerings 
