The Asia Pacific Cloud Services Brokerage Market is expected to witness market growth of 17.3% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific 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 $2.79 billion by 2031. The Japan market is registering a CAGR of 16.6% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 18.1% during 2024-2031.
Security remains one of the top concerns for businesses migrating to the cloud, making security and identity management a critical application of CSBs. These platforms provide identity and access management (IAM) solutions, multi-factor authentication (MFA), encryption services, and continuous security monitoring to safeguard enterprise cloud environments.
The adoption of cloud service brokerage solutions has surged as enterprises recognize the need for centralized cloud management. One of the primary drivers behind this adoption is the shift towards multi-cloud strategies, where businesses leverage multiple cloud providers to meet specific workload demands.
In China, the software and IT services sector generated 12.33 trillion yuan ($1.73 trillion) in revenue in 2023, reflecting a 13.4% year-on-year increase. Rising investments in cloud computing, AI, and digital infrastructure have further fuelled the sector’s growth. As enterprises expand their cloud-based operations, there is an increasing need for Cloud Services Brokerage to optimize cloud resources, ensure regulatory compliance, and facilitate seamless integration across multiple cloud platforms. The alarming 23% increase in cybercrime incidents in Australia in 2023, with reports averaging one every six minutes, underscores the urgent need for enhanced cloud security and risk management solutions. As businesses adopt cloud computing faster, concerns over data breaches, ransomware attacks, and regulatory compliance are intensifying. This has led to a growing demand for CSBs that offer security-focused cloud management, compliance automation, and threat intelligence integration. In conclusion, China’s booming IT sector and Australia’s escalating cybersecurity threats are key market growth drivers.
The China market dominated the Asia Pacific 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 $2.79 billion by 2031. The Japan market is registering a CAGR of 16.6% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 18.1% during 2024-2031.
Security remains one of the top concerns for businesses migrating to the cloud, making security and identity management a critical application of CSBs. These platforms provide identity and access management (IAM) solutions, multi-factor authentication (MFA), encryption services, and continuous security monitoring to safeguard enterprise cloud environments.
The adoption of cloud service brokerage solutions has surged as enterprises recognize the need for centralized cloud management. One of the primary drivers behind this adoption is the shift towards multi-cloud strategies, where businesses leverage multiple cloud providers to meet specific workload demands.
In China, the software and IT services sector generated 12.33 trillion yuan ($1.73 trillion) in revenue in 2023, reflecting a 13.4% year-on-year increase. Rising investments in cloud computing, AI, and digital infrastructure have further fuelled the sector’s growth. As enterprises expand their cloud-based operations, there is an increasing need for Cloud Services Brokerage to optimize cloud resources, ensure regulatory compliance, and facilitate seamless integration across multiple cloud platforms. The alarming 23% increase in cybercrime incidents in Australia in 2023, with reports averaging one every six minutes, underscores the urgent need for enhanced cloud security and risk management solutions. As businesses adopt cloud computing faster, concerns over data breaches, ransomware attacks, and regulatory compliance are intensifying. This has led to a growing demand for CSBs that offer security-focused cloud management, compliance automation, and threat intelligence integration. In conclusion, China’s booming IT sector and Australia’s escalating cybersecurity threats are key market growth drivers.
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
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Cloud Services Brokerage Market by Platform
Chapter 6. Asia Pacific Cloud Services Brokerage Market by Service
Chapter 7. Asia Pacific Cloud Services Brokerage Market by Deployment
Chapter 8. Asia Pacific Cloud Services Brokerage Market by Enterprise Size
Chapter 9. Asia Pacific Cloud Services Brokerage Market by End use
Chapter 10. Asia Pacific Cloud Services Brokerage Market by Country
Chapter 11. Company Profiles
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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