New Study: Cloud Services Brokerage and Enablement Market - Global Forecast to 2021
Fast Market Research recommends "Cloud Services Brokerage and Enablement Market - Global Forecast to 2021" from Markets and Markets, now available
[ClickPress, Tue Jul 19 2016] Cloud Services Brokerage and Enablement Market by Component (Cloud Services Brokerage and Cloud Brokerage Enablement), by Organization Size, by Industry Vertical & by Region - Global Forecast to 2021
The rapid adoption of hybrid cloud technologies, increasing organization demand for single point cloud services access, and need for effective enterprise cost saving are driving the cloud services brokerage and enablement market"
The cloud services brokerage and enablement market size is estimated to grow from USD 7.44 billion in 2016 to USD 26.71 billion by 2021, at an estimated CAGR of 29.1% from 2016 to 2021. The cloud services brokerage and enablement market is driven by factors such as increased adoption of cloud technology by Small and Medium Enterprises (SMEs) and the organization's inclination toward SaaS-based offerings.
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"External Enablement is expected to gain prominent traction during the forecast period"
The external enablement component market is expected to grow at the highest CAGR during the forecast period. The external enablement platform collaborates hardware vendors, virtualization players, distributors, CSPs (IaaS, SaaS, PaaS, BPaaS), security providers, among many other cloud service offerings, on a common platform; this has led to its greater popularity among the cloud enablement market end users.
"Latin America is witnessing a high growth potential during the forecast period"
North America holds the largest market share in 2016 while APAC is fastest maturing in terms of CAGR. Factors such as continual growth in mobile workforce, increasing complexities in businesses, unregulated nature of internet, and growth in the adoption of BYOD are expected to push companies in APAC to adopt Cloud Services brokerage (CSB). Along with this, the rise in the complex business processes and maintenance costs in Latin America has made companies in this region to opt for cloud services. Further, the majority of the available labor in Latin America is not adequately skilled or certified to operate the in-house services of the company. SMEs and enterprises belonging to various verticals are expected to increase investments in cloud computing services during the next five years. This is the major driving force for the emergence of cloud brokerage firms in the region.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is given below as:
* By Company Type: Tier 1 - 18%, Tier 2 - 31%, and Tier 3 - 51%
* By Designation: C level - 42%, Director level - 33%, Others - 25%
* By Region: North America - 47%, Europe - 31%, APAC - 14%, ROW- 8%
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