IT Industry Today

Cloud Services Brokerage Market to Hit USD 15.0 Billion by 2032, Growing at 9.67% CAGR

The Cloud Services Brokerage Market is expanding rapidly as organizations seek simplified, secure, and cost-effective cloud management solutions. Growing demand for multi-cloud environments is driving the need for integration, automation, and governance platforms.
Published 16 June 2025

The Cloud Services Brokerage Market is poised for significant growth as enterprises increasingly adopt multi-cloud and hybrid cloud strategies. Estimated at USD 6.54 billion in 2023, the market is projected to reach USD 7.17 billion in 2024 and surge to USD 15.0 billion by 2032. This represents a robust compound annual growth rate (CAGR) of 9.67% during the forecast period of 2025 to 2032.

Cloud services brokerage (CSB) plays a vital role in helping organizations manage, integrate, and govern a growing number of cloud-based services. As businesses continue to modernize their IT infrastructure, CSB platforms enable efficient use of cloud resources while simplifying billing, access, security, and compliance.

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Centralized Cloud Management in a Multi-Cloud World

Modern enterprises no longer rely on a single cloud provider. Instead, they employ multi-cloud strategies that leverage various public and private cloud platforms to achieve flexibility, cost savings, and performance optimization. However, this multi-cloud complexity demands a unified management approach.

Cloud service brokers act as intermediaries between cloud providers and enterprise customers. They simplify service selection, streamline provisioning, and ensure policy enforcement across platforms. Through a single dashboard, organizations can manage costs, monitor usage, and apply uniform security protocols, all while maintaining full visibility and control.

Enabling Agile and Secure Cloud Strategies

As digital transformation accelerates across industries, enterprises need to quickly deploy services, scale infrastructure, and comply with evolving regulations. CSB platforms provide essential tools for:

  • Service orchestration and automation
  • Identity and access management
  • Billing and usage analytics
  • Policy-based governance
  • Vendor and SLA management

By consolidating these capabilities, cloud brokers enhance organizational agility, security, and operational efficiency.

Market Drivers

Growing Complexity of Cloud Environments

Organizations increasingly rely on a mix of SaaS, IaaS, and PaaS solutions across different vendors. CSB platforms help manage this complexity by providing a central interface for provisioning, monitoring, and governance.

Need for Cost Optimization

Enterprises seek to optimize cloud spending without sacrificing performance. Brokers provide tools to track usage, eliminate redundancies, and optimize resource allocation, ensuring maximum ROI on cloud investments.

Focus on Governance and Compliance

Industries with strict regulatory requirements (e.g., healthcare, banking, government) require centralized control over data access, storage, and compliance. CSBs enforce consistent policies across cloud environments, reducing risk and supporting audit readiness.

Rise of Hybrid and Remote Work Models

Post-pandemic shifts to remote work and hybrid IT environments have increased demand for seamless cloud integration. Brokers facilitate secure access to distributed cloud services for remote employees and globally dispersed teams.

Accelerated Digital Transformation

Digital-first strategies across industries are boosting demand for cloud-native applications. CSBs accelerate adoption by integrating new services quickly while ensuring security and control.

Regional Insights

North America is the leading region in the Cloud Services Brokerage Market, driven by early cloud adoption, mature IT infrastructure, and a strong ecosystem of cloud providers and enterprises. Large organizations in the U.S. and Canada are leveraging brokers to unify multi-cloud operations.

Europe is also a key player, especially in regions with strong data privacy and compliance requirements. Countries like Germany, the UK, and France are seeing increased adoption of CSB platforms for GDPR compliance and secure cloud governance.

Asia-Pacific is emerging as the fastest-growing region. Enterprises in China, India, Japan, and Australia are rapidly modernizing their IT systems and turning to cloud brokers to support complex, scalable, and secure cloud deployments.

Latin America, the Middle East, and Africa are also gaining traction in CSB adoption as organizations in banking, telecom, and public sectors pursue digital transformation with a focus on cost and compliance.

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Competitive Landscape

The Cloud Services Brokerage Market is competitive, with technology giants and specialized vendors offering both platform-based and managed brokerage services.

Key Players in the Market:

  • IBM Corporation
  • Accenture
  • DXC Technology
  • Wipro
  • Hewlett Packard Enterprise (HPE)
  • Jamcracker
  • Capgemini
  • CloudBolt Software
  • Flexera (RightScale)
  • Fujitsu

These companies are expanding their CSB capabilities to include AI-driven cloud analytics, self-service portals, and integration with DevOps pipelines. Many are also collaborating with public cloud providers to deliver vendor-agnostic, scalable cloud governance tools.

Future Outlook

Looking ahead, the role of cloud service brokers will grow even more critical as enterprises increase their reliance on complex, multi-cloud ecosystems. Emerging trends such as FinOps, zero-trust security, and edge computing will drive demand for brokerage platforms that provide even greater visibility, automation, and agility.

Additionally, innovations in AI, machine learning, and policy-based automation will make CSBs smarter—helping businesses not only manage cloud complexity but predict usage trends, optimize spend proactively, and ensure real-time compliance.

As the market heads toward USD 15.0 billion by 2032, cloud service brokerage will become a foundational element of enterprise IT strategy, empowering organizations to innovate with confidence in a cloud-first world.

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The Cloud Services Brokerage Market is entering a high-growth phase as enterprises seek tools to manage the expanding scale and complexity of cloud environments. With a projected CAGR of 9.67%, the market is expected to grow from USD 6.54 billion in 2023 to USD 15.0 billion by 2032.

As organizations prioritize digital transformation, agility, and cost optimization, CSB platforms offer the centralized control, automation, and governance needed to thrive in the evolving cloud landscape. Businesses that invest in brokerage technologies today will lead the way in efficient, secure, and scalable cloud operations tomorrow.

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