Between software updates and repairs, a lot of maintenance is required on continuous basis to manage a cloud service. A cloud services broker presents cloud providers with the benefits of managing complex cloud programs without worrying about the repairs or upgrades that will be necessary in the future.

A CSB is guaranteed to enhance cloud security, which is a major concern for all businesses. The growing demand for managed security services are actively shaping the future of the cloud-based security services market, which is expected to reach $8.71 billion in 2019.

What does a cloud services brokerage do?

Cloud services brokers make it easier for organizations to use cloud services, especially when they span multiple providers. A CSB offers the following:

1. Cloud service intermediation – Intermediation provides value added services to existing cloud platforms, including migration, VM portability, and access management capabilities.
2. Aggregation – An aggregation broker brings together multiple services to ensure integration of data between systems. In other words, cloud service aggregators allow customers to access and maintain multiple cloud applications from one dashboard.
3. Cloud service arbitrage – Cloud service arbitrage provides flexibility and variability by offering a number of related services to choose from.

In the simplest terms, a cloud brokerage service acts as the liaison between cloud providers and businesses. As it helps the cloud provider manage all aspects of the cloud, it enhances the experience and capabilities for cloud users to take advantage of.

As many as 59% of large enterprises use cloud storage because it improves the synthesis of development and operations, and the same percentage utilize the cloud to share data seamlessly across applications.

Cloud services is a quickly growing market. It is predicted that by the year 2018, the global market for cloud equipment will reach $79.1 billion. Over half of all large organizations have updated their existing cloud services, or plan to do so within the next 12 months. As they continually update their cloud services, they may find that the system becomes harder and harder to manage. That is why cloud brokerage services will become a cloud provider’s best friend in the near future.