The Germany market dominated the Europe Cloud Services Brokerage Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.93 billion by 2031. The UK market is exhibiting a CAGR of 15.3% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 17.3% during 2024-2031.
This platforms serve various applications across industries, allowing businesses to leverage cloud computing more effectively. One of the most significant applications is cloud aggregation and integration, where CSBs help businesses consolidate services from multiple cloud vendors into a single, seamless infrastructure.
Another major application of CSBs is cloud governance and regulatory compliance, which has become especially critical in light of data privacy regulations such as the General Data Protection Regulation (GDPR), the Health Insurance Portability and Accountability Act (HIPAA), and the California Consumer Privacy Act (CCPA).
The market in Europe is experiencing steady growth, driven by the increasing adoption of cloud computing among enterprises. As organizations seek to optimize cloud usage, enhance security, and manage multi-cloud environments efficiently, the demand for brokerage services is rising. The expansion of cloud adoption in the EU, as reflected in the growing percentage of enterprises utilizing cloud computing, is a key factor accelerating CSB market growth. According to Eurostat, 42.5% of EU enterprises purchased cloud computing services in 2023, marking a 4.2 percentage point increase compared to 2021. Most businesses leverage cloud services for email, file storage, and office software, highlighting the growing reliance on cloud-based solutions. As more enterprises shift to cloud environments, challenges related to cloud cost optimization, vendor management, security, and compliance become prominent, creating a strong need for cloud service brokers to assist with service integration, cost control, and compliance with EU data protection regulations, such as the GDPR. Additionally, EU initiatives promoting digital transformation and cloud adoption in sectors such as finance, healthcare, and manufacturing further support the expansion of the market. The rising cloud adoption across European enterprises is fuelling demand for cloud services brokerage.
List of Key Companies Profiled
- Accenture PLC
- ActivePlatform Limited
- Infosys Limited
- Atos SE
- Cognizant Technology Solutions Corporation
- Fujitsu Limited
- IBM Corporation
- NTT Data Corporation
- Broadcom, Inc.
- Wipro Limited
Market Report Segmentation
By Platform
- Internal Brokerage Enablement
- External Brokerage Enablement
By Service
- Integration & Support
- Automation & Orchestration
- Billing & Provisioning
- Migration & Customization
- Security & Compliance
- Other Service
By Deployment
- Public
- Hybrid
- Private
By Enterprise Size
- Large Enterprises
- Small and Medium-sized Enterprises
By End use
- IT & Telecommunications
- BFSI
- Government & Public Sector
- Healthcare
- Consumer Goods & Retail
- Manufacturing
- Energy & Utilities
- Other End Use
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Companies Mentioned
- Accenture PLC
- ActivePlatform Limited
- Infosys Limited
- Atos SE
- Cognizant Technology Solutions Corporation
- Fujitsu Limited
- IBM Corporation
- NTT Data Corporation
- Broadcom, Inc.
- Wipro Limited
Methodology
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