Cloud Services Brokerage Market Size - Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2025 – 2034

Cloud Services Brokerage Market Size

The global cloud services brokerage market generated significant revenues in 2024 and is expected to grow at a decent CAGR from 2025 to 2034 driven by the complexity of multi-cloud environments and the increased demand for efficient cloud service management. For instance, in May 2025, HPE launched Morpheus Enterprise Software to support unified hybrid cloud management. HPE VM Essentials and Morpheus Enterprise integrated into their private cloud portfolio. Morpheus Enterprise allowed centralized control of virtual machines, containers, and bare metal workloads across on-premises, edge, and public cloud environments.
 

As enterprises transition from on-premises infrastructure and applications to hybrid and multi-cloud strategies, there will be increased demand for intermediaries to help ease vendor selection, integration, and service optimization. Cloud service brokers help to close the gaps between cloud service providers and end-users in efficiently deploying cloud architecture to achieve interoperability across multiple services while defraying the costs of cloud use. Organizations want customized and scalable cloud solutions to accommodate workloads that are often changing, which has elevated services that provide CSB platforms.
 

In addition, regulatory pressures to comply with requirements (especially in healthcare, banking, and government) have pushed organizations to use brokerage services for conducting cloud work because of the need to adopt cloud technology in ways that are safe and compliant with regulations. With the increase in organizational reliance on cloud-native applications and the continuing global push for digital transformation, cloud services brokerages will become critical partners for managing increasingly distributed IT ecosystems across organizational sectors.
 

Cloud Services Brokerage Market Trends

Several key trends are guiding the evolution of the cloud services brokerage market. One important trend in the brokerage market is the introduction of AI-enabled brokerage platforms that can automate service recommendations, cost forecasts, and workload distributions across multiple cloud providers. These tools will allow organizations to achieve the maximum level of performance while minimizing operational complexity and optimizing costs through service automation. Another trend is the adoption of increased security and compliance-as-a-service offerings, with brokers providing governance tools that actively monitor policy compliance in real time.
 

Self-service portals are also expected to become more prominent in a multi-cloud environment, allowing enterprise users to deploy and manage cloud resources with IT supervision. These portals will work in partnership with enterprise broker platforms. In addition to these trends is the completion of edge computing stakes, with brokers working to provide integration and orchestration services, such as workloads and instances running on edge data nodes and central cloud platforms. The merging of cloud services with 5G, IoT, machine learning (and other foundational technologies) is extending the role of CSBs from traditional brokerage to a broader cloud consulting relationship. Multi-cloud management has now become a standard need.
 

While the disaster of the pandemic prompted organizations to adopt cloud-enabled technology, they currently have concrete proof that the pieces work together. Brokers are broadening their service offerings to enable seamless interoperability and cross-vendor interaction, as well as providing unified dashboards for monitoring and control. As a result, these key trends are addressing the ever-evolving way we want to work in agile, visible, and controlled digital ecosystems. This will invariably lead to cloud services brokerage transforming, and once again, redefining the pathways by which organizations procure cloud services.
 

Cloud Services Brokerage Market Analysis

The banking, financial services, and insurance (BFSI) segment in the cloud services brokerage market is expected to grow at a notable CAGR through 2034. Organizations in banking, financial services, and insurance are rapidly adopting digital technologies to stay competitive and meet expectations for on-demand services and personalized experiences as they accelerate digital transformation. Organizations in this sector are adopting hybrid cloud strategies to balance performance, security, and regulatory compliance, cloud services brokers (CSBs) play an important role in managing vendor relationships, integration, and controlling costs.
 

Financial institutions, for example, not only want to leverage the capabilities of multiple cloud vendors—but also to segregate workloads and risks (resilience) and improve data management across these different services. Cloud brokers were and are important in delivering an integrated orchestration layer across many cloud vendor environments while providing governance and visibility. Brokers offer services like service catalog management, cost control and monitoring, compliance monitoring, and identity and access management, all of which are important to financial institutions managing sensitive data. Brokers also facilitate more expedited procurement processes and can lower vendor lock-in and time-to-market for new services for organizations in the BFSI sector.
 

The integration & support services segment in the cloud services brokerage market held the largest share in 2024 and is expected to grow at a notable CAGR through 2034. As organizations are creating more complex and diverse cloud environments, they are running into issues trying to integrate a whole new set of services across public, private, and hybrid platforms. Cloud Service Brokers (CSBs) that offer integration and support services are important in helping organizations connect their legacy systems and modern cloud-based applications.
 

Integration and support services range from application programming interface (API) integration, middleware configuration, developing custom connectors, and ongoing, monitoring of supported systems. Enterprises depend on brokers to reduce deployment times, prevent interoperability issues, and reduce inconsistency in performance across multiple service providers. Support services include shared remediation for issues faced by individual companies, limited performance monitoring, security patches related to performance issues, and compliance audits. Enterprises operate in dynamic environments where slowdown, outage, or poor performance can incur tremendous costs or churn customers.
 

Asia Pacific cloud services brokerage market is expected to generate notable revenues through 2034. Countries such as China, India, Japan, South Korea, and Australia are all rapidly transforming their sectors in ways that are technology-driven with the adoption of cloud services through e-commerce initiatives, and government digital initiatives. Enterprises in Asia Pacific have embarked on their digital transformation engaging with multi-cloud and hybrid cloud environments to incorporate the ability to scale their business faster and in a cost-effective manner while enhancing their business development models.
 

However, the diversity of cloud infrastructures does bring challenges that CSBs have the capacity to confront and address. CSBs in the Asia Pacific provide 'value add' for their clients, including; localized compliance assistance, regionally-centric language portals, and fulfill regional service bundles. Also, out of the large share of businesses in Asia, SMEs are using brokerage because they have an avenue to quickly and affordably scale with cloud services rather than having the traditional in-depth knowledge and skills.
 

Cloud Services Brokerage Market

Major players in the cloud services brokerage industry include:

• IBM
• CloudFX
• Wipro Limited
• DoubleHorn Communications LLC
• Arrow Electronics
• DXC Technology
• Jamcracker Inc. (Actua Corporation)
   

Companies engaged in the cloud services brokerage market have pursued growth strategies in different ways. For example, some companies become differentiated based on product differentiation, through the addition of AI and machine learning as services that could be used to improve workload automation, compliance, and cost optimization. Other companies are establishing strategic alliances and partnerships with major cloud providers like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud, to increase service offerings and provide compatibility across different environments.
 

A third growth strategy is geographical expansion, especially in the developing markets in the Asia Pacific and Latin America, where cloud adoption is consistently at an increase. As companies migrate to the cloud, the cloud service brokers provide substantial professional services support, including consultation on the cloud migration strategy, comprehensive user training on the new cloud technology, and long-term post-deployment support.
 

Cloud Services Brokerage Industry News

• In May 2025, AXLBIT ASIA SDN. BHD., based in Kuala Lumpur, Malaysia, and a wholly owned subsidiary of AXLBIT, Inc., a KDDI Group affiliate in Tokyo, Japan launched AXLGEAR. AXLGEAR a cloud-based platform aimed at simplifying cloud brokerage operations for service providers and distributors across the ASEAN market.