Cloud Services Brokerage Market Projected to Reach USD 56.40 Billion by 2034, Growing at a CAGR of 17.9%

Global Cloud Services Brokerage Market size and share is currently valued at USD 10.95 billion in 2024 and is anticipated to generate an estimated revenue of USD 56.40 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 17.9% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034

Market Definition

The Cloud Services Brokerage (CSB) market comprises intermediary platforms and services that facilitate the procurement, integration, management, and optimization of multi-cloud and hybrid cloud environments. CSBs help organizations navigate complex cloud ecosystems by providing unified interfaces, automated provisioning, orchestration, billing, security, and compliance functionality . By acting as a bridge between cloud providers and end users, these brokers enable seamless integration, cost control, performance monitoring, and risk mitigation across diverse cloud infrastructures. Serving industries from BFSI and healthcare to manufacturing, CSBs support digital transformation, enhance cloud agility, and reduce vendor lock‑in. With rising cloud adoption, CSBs have become essential enablers of scalable, efficient, and compliant cloud strategies.

Key Report Highlights

The report highlights the key region that accounts for the highest revenue share in the global Cloud Services Brokerage market.
It identifies the leading country within this region that makes a significant contribution to the market’s overall performance.
The report outlines the dominant segment that holds a major share of the market.
It also emphasizes the fastest-growing segment projected to gain strong traction during the forecast period.
Qualitative and quantitative market analysis have been used to provide an in-depth understanding of the market.

Market Overview: Key Figures at a Glance

Market Value in 2024: USD 10.95 billion
Projected Market Size in 2034: USD 56.40 billion
Anticipated CAGR (2025-2034): 17.9%

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Market Growth Drivers

The CSB market is experiencing strong growth driven by several converging factors. First, the widespread adoption of multi-cloud and hybrid cloud strategies—adopted by over 90% of enterprises—creates complexity that brokers help mitigate. Second, enterprises are investing heavily in digital transformation initiatives and seeking IT outsourcing efficiencies, driving demand for centralized cloud management and cost optimization. Third, the integration of AI, analytics, and automation into CSB platforms is improving resource allocation, security, and compliance, further fueling adoption. Additionally, rapid cloud spending growth—projected to top US $1.6 trillion by 2030—is elevating the need for brokers to streamline operations and control costs.

Market Key Players

The competitive landscape features a mix of long-standing companies and emerging contenders. Leading players are actively pursuing R&D initiatives and strategic moves to strengthen their market position. Notable participants include