A new report predicts remarkable growth for the cloud-services brokerage (CSB) market in the next five years.

MarketsandMarkets says this sector will grow from a value of $5.24 billion in 2015 to nearly $19.2 billion in 2020; that’s a compound annual growth rate of almost 30 percent.

It comes as little surprise to hear another prediction about impressive cloud growth, but MarketsandMarkets notes a number of drivers in particular that will benefit cloud brokerages in the coming years. Most notably, major vendors are aggressively investing and rigorously working toward building cost-effective platforms, suites and solutions in an effort to reduce the overall cost incurred by end-users in managing the various services they adopt from different vendors.

CSB vendors help businesses by providing a unified view of all the cloud-based services deployed by the organization and maintaining and managing the overall quality delivered to the end user. The report divides the CSB market by type of services: brokerage and cloud-brokerage enablement, with cloud-brokerage enablement further segmented in to internal and external brokers. Of particular note to channel partners, it also segments by type of end-user: small and medium businesses (SMBs) and enterprises; by type of external brokers: TSPs, ISVs and system integrators, distributors and VARs, hosting and cloud providers, and others; and by region: North America, Asia-Pacific (APAC), Europe, Latin America, and the Middle East and Africa (MEA).

MarketsandMarkets identifies Jamcracker, Gravitant, Computenext, HP, Dell, Nephos Technologies, NEC, Cloud Sherpas and Capgemini, in no particular order, as active key players in this market. Competition may also intensify with an influx of new players, the report says.

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