The global cloud services brokerage (CSB) market is expected to reach $10.5bn by 2018, rising from $1.57bn in 2013, according to a report from MarketsandMarkets.
The market is expected to grow at a compound annual growth rate (CAGR) of 46.2% between 2013 to 2018.
The cloud brokerage market includes market players who use the enablement platforms as brokers and serves Small and Medium-sized Businesses (SMBs) and enterprises, for their respective cloud-based needs.
Cloud brokerage enablement also refers to integration platforms which aggregate, customise and integrate cloud offerings on a single platform.
According to the report, the market is expanding faster than the ability of cloud service consumers to utilise and manage these services opening up opportunities for cloud brokers.
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