Growing Cloud Service Commoditization, Migration Beyond Single Cloud into Multi-Cloud Environments & the Need for Well-Crafted Strategies to Manage the Complexity of Multiple Clouds Drive the Significance of Cloud Services Brokerage
The global market for Cloud Services Brokerage (CSB) is forecast to reach US$16.4 billion by 2024 , driven by growing cloud service commoditization; migration beyond single cloud into multi-cloud environments and the ensuing need for well-crafted management of multiple clouds. With rapid proliferation of cloud computing, basic cloud services are becoming increasingly commoditized with every service provider offering similar services with very little scope for differentiation. Standardization of service delivery models, service quality, and pricing mechanisms have played key roles in the commoditization of cloud services. Also, commoditization of cloud services comprising SaaS, PaaS and IaaS is seen as inevitable and supporting this school of thought is the “Bezos’ Law” which like the Moore’s Law in electronics/computing states that price of each unit of cloud computing power will reduce by 50% every three years. Explosion of cloud service providers in the market are furthe...