Cloud Services Brokerage Market

New Product Launches and Partnerships/Collaborations are Some of the Significant Strategies Deployed by the Major Players to Grow Further in the Cloud Services Brokerage Market

The growing adoption of hybrid IT and multi-cloud management are expected to spur the demand for Cloud Services Brokerage (CSB) offerings across the globe. The global CSB market is projected to reach USD 6.78 Billion by 2023, growing at a Compound Annual Growth Rate (CAGR) of 17.3% during the forecast period (2018–2023).

The CSB market includes major vendors, such as Accenture (Ireland), DoubleHorn (US), Jamcracker (US), IBM (US), HPE (US), RightScale (US), Dell (US), Wipro (India), Arrow Electronics (US), ActivePlatform (Belarus), Cloudmore (Sweden), InContinuum (Netherlands), DXC Technology (US), Cognizant (US), BitTitan (US), Nephos Technologies (UK), OpenText (Canada), ComputeNext (US), CloudFX (Singapore), Fujitsu (Japan), Tech Mahindra (India), Atos (France), Cloudreach (UK), Neostratus (Hungary), and Proximitum (UK). These players have embraced different strategies to expand their global presence and increase their market shares. New product launches and partnerships/collaborations are some of the significant strategies deployed by the major players to grow further in the CSB market. Several companies, such as Accenture, DoubleHorn, IBM, and HPE, have adopted these strategies to expand their product portfolios.

Accenture is one of the major providers of CSB offerings. The company provides solutions and services in strategy, consulting, digital, technology, and operations. Accenture has focused on organic growth through product innovations and inorganic growth through acquisitions. For instance, in September 2016, Accenture released an enhanced version of ACP with new capabilities, such as multi-cloud cost optimization and the smooth transition of IaaS and PaaS workloads, to Microsoft Azure. In October 2015, Accenture acquired Cloud Sherpas, one of the prominent cloud and technology service providers. Cloud Sherpas specializes in Google, Salesforce, and ServiceNow. An increased focus on organic and inorganic growth strategies has helped Accenture gain a leading position in the global CSB market.

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DoubleHorn offers the potential cloud solutions, such as cloud IT, backup and Disaster Recovery (DR) solutions, security and compliance solutions, digital evidence management systems, and cloud communications and collaborations. The company has focused its strategic efforts toward delivering enhanced CSB offerings and on partnerships to further strengthen its position in the market. In October 2016, DoubleHorn released BetterClouds, a web-based and SaaS platform for multi-cloud management. Earlier in July 2017, DoubleHorn released BetterClouds on the AWS marketplace. AWS announced that it would provide the underwriting for developing the BetterClouds solutions that have been tailored for AWS.

Related Reports:

Cloud Services Brokerage Market by Service Type (Catalog Management, Workload Management, Operations Management), Platform (Internal Brokerage, External Brokerage), Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2023

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Report Code
TC 3513
Published ON
May, 2018
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