Cloud Services Brokerage Market Recorded 28.97% Annual Growth Rate in 2021 | Evolving opportunities with Accenture Plc and Arrow Electronics Inc
NEW YORK, June 28, 2022 /PRNewswire/ — Cloud Services Brokerage Market Share Expected to Grow by $30.07 billion from 2020 to 2025. However, the growth momentum will slow to a CAGR of 26.41% according to Technavio’s latest market report. The cloud services brokerage market is fragmented and vendors deploy growth strategies such as innovations and product development to compete in the market. Accenture Plc, Arrow Electronics Inc., Capgemini Services SAS, Cognizant Technology Solutions Corp., Dell Technologies Inc., DXC Technology Co., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp. and Wipro Ltd. some of the major players in the market.
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Cloud Services Brokerage Market 2021-2025: Scope
The Cloud Services Brokerage market report covers the following areas:
Cloud Services Brokerage Market 2021-2025: Market Dynamics
Drivers: The key factor driving the growth of the cloud services brokerage market is access to expertise. The cloud, as a concept and a technology, is relatively new to the IT industry, and not all businesses are aware of the benefits of the technology. However, in the recent past, several companies around the world have adopted cloud and hybrid deployment models and without the required cloud management expertise, many companies are unable to take full advantage of cloud services. .
Tendencies: The key trend driving the cloud services brokerage market growth is the customization of cloud functionality. Businesses need CSP services for different functions. Therefore, they require customization, such as a combination of aggregation and integration with other value-added services. Cloud service brokers offer the possibility of customization using open source projects such as CompatibleOne. OpenText Cordys, which is a set of proprietary software tools dedicated to customizing cloud brokerage platforms, can also be used.
Challenges: Latency in the cloud network is one of the major challenges hampering the growth of the cloud service brokerage market while retrieving information from public cloud infrastructure. Latency in a cloud network is less predictable and even more complicated to measure. Latency measurement tools, such as Ping and Traceroute, are generally not used. There are several latency factors, such as distributed computing, virtualization, and traffic prioritization. When the cloud environment is larger, it becomes less predictable and an increase in workload leads to high variability in service delivery. In the case of virtual machines (VMs), separate networks can cause packet delay
Cloud Services Brokerage Market 2021-2025: Segmentation Analysis
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Prepare for great business results with this exclusive Cloud Services Brokerage Market Technavio report. The report will include highlights of the overall market, which includes frequently asked questions such as –
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What are the historical revenue figures and estimated revenue figures along with the CAGR during the forecast period?
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What is the current trend in the market?
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What business tactics will influence the competitive scenarios while defining the growth potential of the market?
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What are the market drivers, restraints, and challenges impacting market demand and growth?
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Which regions and segments will generate massive revenue and emerge as market leaders in the coming years?
The competitive scenario predicted in the Cloud Services Brokerage Market report analyzes, evaluates and positions companies based on various performance indicators. Some of the factors taken into consideration for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, market share growth, etc. your business goals with our Cloud Services Brokerage Market Forecast Report – Buy now!
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Cloud Services Brokerage Market Scope |
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Report cover |
Details |
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Page number |
120 |
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Year of reference |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum and CAGR |
Slowing down to a CAGR of 26.41% |
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Market Growth 2021-2025 |
$30.07 billion |
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Market structure |
Fragmented |
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Annual growth (%) |
28.97 |
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Successful market contribution |
APAC at 34% |
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Main consumer countries |
United States, Canada, China, United Kingdom and Germany |
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Competitive landscape |
Leading companies, competitive strategies, scope of consumer engagement |
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Profiled companies |
Accenture Plc, Arrow Electronics Inc., Capgemini Services SAS, Cognizant Technology Solutions Corp., Dell Technologies Inc., DXC Technology Co., Fujitsu Ltd., Hewlett Packard Enterprise Co., International Business Machines Corp. and Wipro Ltd. |
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Market dynamics |
Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period, |
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Personalization area |
If our report does not include the data you are looking for, you can contact our analysts and customize the segments. |
Contents:
1. Summary
2 Market landscape
3 Market sizing
4 Five forces analysis
5 Market Segmentation by Deployment
6 Customer Landscape
7 Geographic landscape
8 drivers, challenges and trends
9 Supplier Landscape
10 Vendor Analysis
11 Appendix
About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.
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