Worldwide Cloud Service Brokerage Market is Expected to Reach US$22.4 bn by 2024

Increasing Complexities of Data Spike Demand for Efficient Storage |TMR - Seite 2

Widening Penetration of Internet Boosts Demand for Cloud Service Brokerage  

The growing adoption of cloud services to store data across various platforms has led to a spike in the demand for cloud service brokers. These brokers help users to choose the right services and provide customizations that suit their requirements. The global cloud service brokerage market is also gaining traction as it provides assistance with integration, deployment, and customization of software and service. The rising adoption of hybrid cloud model is also fueling the demand for cloud service brokers.

Browse Regional Press Release: http://www.europlat.org/global-cloud-service-brokerages-market.htm

In the coming years, the increasing complexity and volumes of data have created a need for an organized storage space and its effective management. This premise has been driving the demand for cloud services in the recent past, in turn augmenting the need for cloud service brokerage. The widening penetration of internet is also estimated to give the global market an adequate fillip in the near future. Advantages of cloud services such as reduced costs and low capital expenditure are expected to accelerate the demand for cloud service brokers during the forecast period.

Lack of Awareness about Advantages of Cloud Services Hampers Market Growth 

Though the market has a bright future, it is being hampered due to the lack of awareness amongst end users. As the market is merely budding, it is being challenged by several roadblocks. The stubborn perception of businesses to operate in traditional ways is expected to hamper the adoption of cloud systems in the coming years. Furthermore, the difficulty in handling end-to-end personalization of services and software is also expected to hamper the growth of the overall market.

This review is based on Transparency Market Research's report, titled "Cloud Service Brokerage Market (Enterprise Size - Small and Medium Enterprises (SMEs) and Large Enterprises; Service - Cloud Service Aggregation, Cloud Service Integration, Cloud Service Customization; Solution - Technology Enablement, and Service (Enabler and Provider); By End-use Industry - BFSI, Telecom and IT, Health care, Retail, Government, and Energy) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016-2024."