AP NEWS

Global Cloud Services Brokerage Market 2018-2022 | 17% CAGR Projection Over the Next Five Years | Technavio

January 3, 2019

LONDON--(BUSINESS WIRE)--Jan 3, 2019--The global cloud services brokerage market is expected to post a CAGR of close to 17% during the period 2018-2022, according to the latest market research report by .

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190103005402/en/

Technavio predicts the global cloud services brokerage market to grow at a CAGR of close to 17% by 2022. (Graphic: Business Wire)

A key factor driving the growth of the market is access to expertise. Cloud, as a concept and technology, is relatively new in the IT industry, and all enterprises are not aware of the benefits of the technology. However, in the recent past, several enterprises across the world had adopted cloud and hybrid deployment models. However, without the required expertise in cloud management, many enterprises are not being able to realize the full benefits of cloud services. Cloud services brokers, being erudite in their field, reduce the barriers associated with the adoption of cloud services by enabling enterprises to effectively and efficiently understand and manage the cloud. The transformation from the traditional method of data storage to the cloud involves several processes and technical interfaces. The brokers manage and customize services in the cloud due to their knowledge and skill, which are required to understand advances in technology. Sometimes, they also evaluate services from different CSP and enable enterprises to understand the use of cloud services to encourage digital innovation. Thus, with such services, the market is expected to register a positive outlook during the forecast period.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the increasing use of advanced technology as one of the key emerging trends in the global cloud services brokerage market:

Global cloud services brokerage market: Increasing use of advanced technology

Several enterprises across the world are adopting advanced technologies such as Blockchain, IoT, Al, VR, and augmented reality (AR) to become customer friendly. These applications run on a cloud-based infrastructure. Hence, the volume of data which are stored in the cloud is increasing. Therefore, they require the services offered by cloud services brokers. Cloud services brokers are also adopting advanced technologies such as Al, predictive analytics, and chatbots to simplify their operations. Predictive analytics can help brokers understand the exact needs of enterprises to customize services. They also use Blockchain to link, secure and make data free from intrusions. Thus, such advanced technology is expected to contribute largely to the growth of the cloud services brokerage market during the forecast period.

“Apart from increasing use of advanced technology, the rising adoption of cloud services, customization of cloud features, and growth of public cloud are some of the major aspects that are expected to boost the growth of the global cloud services brokerage market, during the forecast period,” says a senior analyst at Technavio for research on IT professional services.

Global cloud services brokerage market: Segmentation analysis

This market research report segments the global cloud services brokerage market by geographical regions (APAC, EMEA, and the Americas).

The Americas led the market in 2017 with a market share of over 44%, followed by EMEA and APAC respectively. However, during the forecast period, the APAC region is expected to register the highest incremental growth of over 2%.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20190103005402/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA SOUTH AMERICA AFRICA MIDDLE EAST

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET NETWORKS SOFTWARE PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/03/2019 09:36 AM/DISC: 01/03/2019 09:36 AM

http://www.businesswire.com/news/home/20190103005402/en

AP RADIO
Update hourly