The worldwide cloud brokerage market, and the enablement sector that powers it, is growing fast, according to new stats from MarketsandMarkets.
The brokerage market will hit $10.5 billion by 2018, up from $1.57 billion in 2013, for a compound annual growth rate of 46.2 percent, the research firm found. And the cloud brokerage enablement component, comprised of the platforms that enable providers to become brokers, will reach $2.03 billion by 2018. That represents a 55.3 percent compound annual growth rate over 2013's projected $225.42 million.
The cloud brokerage approach – or the blend of aggregation, customization, and/or integration services to bring together cloud software, infrastructure, platform, security and virtualization – lets SMBs and enterprises customize their cloud platforms without necessarily sticking with specific vendors. Channel partners are key to this process, offering expertise from product advice and technical oversight to cloud deployment and management.