North America Cloud Services Brokerage Market (2024-2029)

RESEARCH METHODOLOGY

This research study used extensive secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg Businessweek, and Factiva, to identify and collect information for a technical, market-oriented, and commercial study of the global cloud services brokerage market. Additionally, a few other market-related reports and analyses published by various industry associations and consortiums, such as the National Security Agency (NSA) and SC Magazine, were considered while doing the extensive secondary research. The primary sources were mainly the industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, technology developers, and technologists from companies and organizations related to all segments of this industry’s value chain. In-depth interviews were conducted with primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information and assess prospects. The market has been estimated by analyzing various driving factors, such as improving organizational compliance requirements, enhancing operational efficiency, and requiring simplified workflows to eliminate bottlenecks.

Secondary Research

The market size of companies offering cloud services brokerage was arrived at based on the secondary data available through paid and unpaid sources, as well as by analyzing the product portfolios of major companies in the ecosystem and rating the companies based on their product capabilities and business strategies.

Various sources were used in the secondary research process to identify and collect information for the study. These sources included annual reports, press releases, investor presentations of companies, product data sheets, white papers, journals, certified publications, articles from recognized authors, government websites, directories, and databases.

Secondary research was mainly used to obtain essential information about the industry’s supply chain, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives, all of which were further validated by primary sources.

Primary Research

In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as chief executive officers (CEOs), vice presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the cloud services brokerage market.

Primary interviews have been conducted to gather key insights on market statistics, the latest trends, disrupting the market, new use cases implemented, data regarding revenue collected from products and services, market breakups, market size estimations, market forecasts, and data triangulation. Primary research also helped understand the various technology trends, segmentation types, industry trends, and regions. Demand-side stakeholders, such as Chief Information Officers (CIOs), Chief Technology Officers (CTOs), Chief Security Officers (CSOs), and the installation teams of governments/end users using cloud services brokerage and digital initiatives project teams, were interviewed to understand the buyer’s perspective on suppliers, products, service providers, and their current use of services, which would affect the overall cloud services brokerage market.

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Market Size Estimation

We used top-down and bottom-up approaches to estimate and forecast the cloud services brokerage and other dependent submarkets. We deployed a bottom-up procedure to arrive at the overall market size using the revenues and offerings of key companies in the market. With data triangulation methods and validation through primary interviews, this study determined and confirmed the exact value of the overall parent market size. We used the overall market size in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segments.

We used top-down and bottom-up approaches to estimate and validate the cloud services brokerage market and other dependent subsegments.

The research methodology used to estimate the market size included the following details:

• We identified key players in the market through secondary research. We then determined their revenue contributions in the respective countries through primary and secondary research.
• This procedure included studying top market players' annual and financial reports and extensive interviews for key insights from industry leaders, such as Chief Executive Officers (CEOs), VPs, directors, and marketing executives.
• All percentage splits and breakups were determined using secondary sources and verified through primary sources.

All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets.

Cloud services brokerage market: Top-down and Bottom-up approaches

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Data Triangulation

After arriving at the overall market size, the market was split into several segments and subsegments using the market size estimation processes explained above. Where applicable, data triangulation and market breakup procedures were employed to complete the overall market engineering process and determine each market segment's and subsegment's exact statistics. The data was triangulated by studying several factors and trends from the cloud services brokerage market's demand and supply sides.

Market Definition

Cloud Services Brokerage involves third-party intermediaries between service providers and organizations that help an organization discover, manage, and integrate many cloud services from different providers. A CSB decreases the challenge of approaching several clouds by providing an intermediary function to the organization concerning the management of vendors, the billing consortium, security, and compliance. CSBs integrate access, personalize, and optimize existing cloud services, allowing an organization to use cloud resources while controlling the associated costs and performance utilization.

Key Stakeholders

• Technology service providers
• CSPs
• Colocation providers
• Government organizations
• Networking companies
• Consultants/consultancies/advisory firms
• Support and maintenance service providers
• Telecom service providers
• Information Technology (IT) infrastructure providers
• System Integrators (SIs)
• Regional associations
• Independent Software Vendors (ISVs)
• Value-added resellers and distributors

Report Objectives

• To define, describe, and forecast the global Cloud Services Brokerage market based on service type, cloud service model, organization size, vertical, and region.
• To forecast the market size of the five major regional segments: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
• To strategically analyze the market subsegments concerning individual growth trends, prospects, and contributions to the total market
• To provide detailed information related to the significant factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To strategically analyze macro and micro markets concerning growth trends, prospects, and their contributions to the overall market
• To analyze industry trends, patents and innovations, and pricing data related to the Cloud Services Brokerage market.
• To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for major players.
• To profile key players in the market and comprehensively analyze their market share/ranking and core competencies.
• To track and analyze competitive developments, such as mergers & acquisitions, product developments, and partnerships & collaborations in the market.

Available Customizations

With the given market data, MarketsandMarkets offers customizations per the company's specific needs. The following customization options are available for the report:

Product Analysis

• The product matrix provides a detailed comparison of each company's portfolio.

Geographic Analysis

• Further breakup of the Asia Pacific market into countries contributing 75% to the regional market size
• Further breakup of the North American market into countries contributing 75% to the regional market size
• Further breakup of the Latin American market into countries contributing 75% to the regional market size
• Further breakup of the Middle Eastern & African market into countries contributing 75% to the regional market size
• Further breakup of the European market into countries contributing 75% to the regional market size

Company Information

• Detailed analysis and profiling of additional market players (up to 5)