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Cloud Services Brokerage Market worth $26.2 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 2, 2024 /PRNewswire/ — The Cloud Services Brokerage Market is expected to grow from USD 11.4 billion in 2024 to USD 26.2 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 18.0% during the forecast period, according to a new report by MarketsandMarkets™.  A need for optimizing cost efficiency will boost the growth of the Cloud Services Brokerage Market during the forecast period.

Browse in-depth TOC on “Cloud Services Brokerage Market”

230 – Tables
52 – Figures
255 – Pages

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Scope of Report

Report Metrics

Details

Market Size Available For Years

2019–2029

Base Year Considered

2023

Forecast Period

2024–2029

Forecast Units

Value (USD Billion)

Segments Covered

Service Type, Cloud Service Model, Organization Size, and Vertical

Regions Covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies Covered

Accenture (Dublin), IBM (US), Broadcom (US), Arrow Electronics (US), Fujitsu (Japan), DXC Technology (US), Wipro (India), Eviden (France), AWS (US), Infosys (India), NTT Data (Japan), TCS (India), Tech Mahindra (India), BMC Software (US), Flexera (US), Jamcracker (US), Cloudmore (Sweden), Eshgro (Netherland), OpenText (Canada), Incontinuum (Netherland), Compunnel (US), Shivaami (India), Bittitan (US), Capegemini (France), Oracle (US), Cignex (US), ActivePlatform (Belarus), CloudFX (Singapore), CloudBolt (US), CloudSME (US), AppDirect (US), Morpheus Data (US), Interworks.cloud (UK), Racknap (India), Spot (US) and CloudBroker (Switzerland)

By cloud service model, SaaS to hold largest market size during the forecast period.

SaaS presents software applications through the internet on a usage-based model and eliminates the overhead of supporting the physical IT infrastructure, let alone managing local installations and updates. SaaS models are popular due to the lower IT expenses and financial operation costs and because software services can be customized to various demands. Critical drivers for the SaaS model are cost benefits,  ease of deployment, and suitability for today’s more informal, work-from-home culture, where easy access to tools exists over the internet.  CRM and ERP SaaS applications enable organizations to adapt to changes in forces of demand and control and increase operations efficiencies. The growing digital transformation trend and the convenience of automatic updates further solidify SaaS as a critical component of the CSB market. The cloud service broker provides added value by managing, integrating, or customizing these solutions, which places SaaS as the dominant model. This allows organizations to focus on their core business rather than the mysterious complexities in the many different areas of software management.

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By vertical, retail and consumer goods will grow at the highest CAGR during the forecast period.

CSB solutions enable retailers to consolidate and manage several business applications such as supply chain, customer relation management, enterprise resources planning, enhancing inventory flow, increasing operational effectiveness, and coordinating several retailing functions. The shift towards e-commerce, personalized marketing, and omnichannel strategies further fuels demand for CSB solutions, as retailers need seamless integration of cloud services to meet evolving consumer expectations. Moreover, by utilizing such tools as cloud-based analytics and personalization applications, CSB solutions also improve customer experiences, helping retailers understand their customers’ behaviors by analyzing consumer data and providing them with individualized recommendations. This agility enables them to respond quickly to changes in the market, thus remaining competitive through on-demand resource allocation plus handling multiple clouds from one screen. CSB solutions foster change and development, increasing operational effectiveness and enhancing client interactions. This is why the retail and consumer goods industry is currently leading in its CSB implementation.

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By organization size, small enterprises will grow at the highest CAGR during the forecast period.

In the cloud services brokerage (CSB) market, small enterprises and startups are anticipated to witness the highest compound annual growth rate (CAGR) during the forecast period. This growth is primarily driven by their need to access advanced technologies and infrastructure that would otherwise be inaccessible due to budget constraints. Cloud solutions provide these businesses with an opportunity to secure affordable and easily scalable resources, which could be insufficient to initially offer yet are highly adequate for rapidly developing a business on a large scale with minimal investments needed for infrastructure. The ability to reduce IT overhead, accelerate business growth, and support innovation and agility are key drivers. Cloud services are in demand more as business awareness expands on the worth of cloud computing for small enterprises, speedy IT management, and the ability to deploy new products or services. Cloud service brokers play a pivotal role by providing tailored, cost-effective solutions that help small businesses optimize their cloud usage and navigate the complexities of cloud management, contributing to substantial growth in this market segment.

Top Companies in Cloud Services Brokerage Market

Some of the key players operating in the cloud services brokerage are – Accenture (Dublin), IBM (US), Broadcom (US), Arrow Electronics (US), Fujitsu (Japan), DXC Technology (US), Wipro (India), Eviden (France), AWS (US), Infosys (India), NTT Data (Japan), TCS (India), Tech Mahindra (India), BMC Software (US), Flexera (US), Jamcracker (US), Cloudmore (Sweden), Eshgro (Netherland), OpenText (Canada), Incontinuum (Netherland), Compunnel (US), Shivaami (India), Bittitan (US), Capegemini (France), Oracle (US), Cignex (US), ActivePlatform (Belarus), CloudFX (Singapore), CloudBolt (US), CloudSME (US), AppDirect (US), Morpheus Data (US), Interworks. Cloud (UK), Racknap (India), Spot (US) and CloudBroker (Switzerland).

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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Donors Give a Record-breaking $37 Million During Minnesota’s Annual Give to the Max Day

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The statewide giving day raised money for 6,556 Minnesota nonprofits and schools

MINNEAPOLIS, Nov. 22, 2024 /PRNewswire/ — Tens of thousands of donors from Minnesota and around the world gave more than $37 million to 6,556 organizations during Give to the Max Day yesterday, the 16th annual statewide giving event for Minnesota nonprofits and schools. This year’s giving total surpassed last year’s $34.2 million, setting a new record, previously held in 2021.

Organizers at GiveMN are delighted with the outcome, particularly in light of national trends suggesting that donations may remain flat or decline again this year. This remarkable display of generosity bolsters the resilience of nonprofits and schools across Minnesota, many of which depend on Give to the Max as their largest annual fundraiser.

Give to the Max Day 2024 drew donors both within Minnesota and around the world. Contributions and participation spanned all 87 Minnesota counties, every U.S. state, and 36 countries worldwide.

Originally conceived and launched in 2009 as a one-time campaign to raise awareness for the new GiveMN.org fundraising platform, Give to the Max Day has since evolved into Minnesota’s yearly celebration of generosity and a powerful demonstration of support for organizations throughout the state and the 11 Native nations that share the same geography. Donors have given more than $365 million to more than 10,000 organizations since the inaugural Give to the Max Day in 2009, making it one of the first and largest giving days in the nation.

“While more than $37 million raised is an incredible achievement, it’s just the beginning of the story,” said Jake Blumberg, executive director of GiveMN. “The true power of yesterday’s generosity lies in the countless lives and communities that will be transformed across Minnesota. Thanks to the support of thousands of donors, nonprofits and schools are equipped to create lasting change in our state.”

GiveMN distributed over $100,000 in prize grants to Minnesota organizations with “Golden Ticket” drawings every 15 minutes, adding a surprise element of generosity for more than 150 donors. This year, the grand prize Super-Sized Golden Ticket awarded a $10,000 bonus to Our Justice in Minneapolis.

Give to the Max Day was presented with support from sponsors at the Bush Foundation, the Saint Paul & Minnesota Foundation, Initiative Foundation, Northwest Minnesota Foundation, Southern Minnesota Initiative Foundation, Southwest Minnesota Initiative Foundation, and West Central Initiative.

GiveMN.org is online and available year-round as a central hub for generosity in Minnesota. Donors may create a free account to set up monthly gifts, set up fundraisers for their favorite causes and download reports of their giving history. Visit GiveMN.org to learn more.

About GiveMN
GiveMN is an independent nonprofit organization working to ignite generosity and grow giving through GiveMN.org, Minnesota’s giving marketplace, and RaiseMN, a fundraising coaching and training program.    

Since 2009, more than 770,000 donors have made gifts with ease and enthusiasm through givemn.org to make a difference for causes in their communities. Through this online marketplace for generosity, and giving events like the annual Give to the Max Day, GiveMN has helped to generate more than $430 million for more than 14,000 nonprofits and schools.

RaiseMN serves Minnesota nonprofits through individualized coaching and programs to transform nonprofit fundraising. Focusing on small- to medium-sized organizations, RaiseMN builds more healthy and sustainable fundraising practices so nonprofits can continue to pursue and expand their mission in their communities.

Launched in 2009 by the Saint Paul & Minnesota Foundation, GiveMN is supported by many generous foundation and corporate partners, contributions from individual donors, and revenue from its programs.

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Bendable Labs Honored as a Winner in Responsible Technology in the Fourth Annual Anthem Awards

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Bendable Labs announced today that it has been named by the International Academy of Digital Arts and Sciences as a bronze winner in the fourth annual Anthem Awards.

LOS ANGELES, Nov. 22, 2024 /PRNewswire-PRWeb/ — Bendable Labs announced today that it has been named by the International Academy of Digital Arts and Sciences as a bronze winner in the fourth annual Anthem Awards.

“Technology is at its best when it’s used to connect people to people, not just people to platforms.”

The company was recognized in the “Responsible Technology – Partnership or Collaboration” category for a project in Carlsbad, California, which equipped the local public library with a digital job-readiness platform for its patrons. Goals included helping the library play a more effective role in the local workforce ecosystem, fostering economic mobility for entry-level job seekers and providing insights to successfully scale the model to other communities.

“What this project in San Diego County demonstrated is that technology is at its best when it’s used to connect people to people, not just people to platforms,” said Sarah Zaner, co-president of Bendable Labs, a social purpose corporation that designs, builds and tests solutions in the areas of lifelong learning, workforce development and job quality. “We’re grateful to all of our local partners, especially the Carlsbad Department of Innovation & Economic Development and the Carlsbad City Library, for helping us realize this vision.”

The fourth Annual Anthem Awards was the most competitive yet, with more than 2,300 entries submitted from 34 countries.

“As a startup, it’s both exciting and validating to see us being honored alongside such outstanding organizations as AARP, Samsung and the United Nations Development Programme, and UNICEF USA,” said Rick Wartzman, Bendable Labs co-president. “These are challenging times, and we’re all trying to make a difference in our own way.”

Wartzman and Zaner noted that the library-based workforce development model that was piloted in Carlsbad is now being rolled out in west Tennessee, where Ford Motor is building a $5.6 billion “mega campus” to assemble an expanded lineup of electric F-Series vehicles. Bendable Labs is partnering with the Tennessee State Library to create job-readiness pathways at 18 libraries throughout the region. Entry-level job seekers will be able to earn a library-backed microcredential, signaling that they have in-demand skills and are ready to go to work or acquire more advanced training.

About Bendable Labs

Bendable Labs aims to improve economic stability, mobility and opportunity for people across the United States Spun out of the Drucker Institute at Claremont Graduate University, we are registered in California as a social purpose corporation. For more, please visit bendablelabs.com.

About The Anthem Awards

Launched in 2021 by the Webby Awards, a program of the International Academy of Digital Arts and Sciences, the Anthem Awards honors the purpose and mission-driven work of people, companies and organizations worldwide. By amplifying the voices that spark global change, we’re defining a new benchmark for impactful work that inspires others to take action in their own communities. The Anthem Awards honors work across seven core causes: Diversity, Equity & Inclusion; Education; Art & Culture; Health; Human & Civil Rights; Humanitarian Action & Services; Responsible Technology; and Sustainability, Environment & Climate. This season’s partners include Ms. Magazine, The Female Quotient, Sustainable Brands, NationSwell, and TheFutureParty. The Awards were founded in partnership with the Ad Council, Born This Way Foundation, Feeding America, Glaad, Mozilla, NAACP, NRDC, WWF and XQ.

Media Contact

Phalana Tiller, Bendable Labs, 1 3238960626, phalana@bendablelabs.com, https://bendablelabs.com

Twitter, LinkedIn

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PetSafe® Unleashes Early Black Friday & Cyber Monday Deals – Big Savings on Must-Have Pet Essentials!

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Exclusive Discounts on GPS Tracking, Automatic Litter Boxes, Cat Toys, Booster Seats, and More

KNOXVILLE, Tenn., Nov. 22, 2024 /PRNewswire/ — PetSafe®, a trusted leader in pet care products and solutions, is excited to announce its early Black Friday and Cyber Monday deals, starting November 17th. Pet parents can now score exclusive discounts on a wide range of popular products to keep their furry companions healthy, happy, and safe this holiday season.

Among the standout deals, pet owners can save $100 on the PetSafe® Guardian® GPS + Tracking system, reducing its original price of $399.95 to just $299.95. Additionally, pet fountains, such as the Outlast model, will be available at 15% off, providing a refreshing solution for pets at an affordable price. Select ScoopFree® Litter Boxes, known for their self-cleaning technology, will feature discounts of up to $80, making them an even more appealing choice for cat owners.

Furthermore, PetSafe® is offering a range of items at 15% off, including cat doors, Busy Buddy® toys, select cat toys, and booster seats, allowing pet owners to upgrade or replace essential pet care items while enjoying fantastic savings. These deals can be found on the PetSafe® website, with additional discounts available in Costco stores for added convenience.

This early holiday shopping event presents the perfect opportunity for pet parents to stock up on high-quality products that support their pets’ well-being, comfort, and entertainment. From innovative GPS tracking solutions to interactive toys, PetSafe® offers something for every pet this season.

For more information on PetSafe’s Black Friday and Cyber Monday deals, visit PetSafe.com or follow PetSafe® on social media for the latest updates.

About PetSafe®
PetSafe® is the flagship retail brand of PetSafe Brands™, the world’s leading cat and dog products supplier. As a family of consumer brands that also includes Invisible Fence Brand®, SportDOG®, Kurgo® and Premier Pet®, PetSafe Brands™ is dedicated to unleashing joy for pet families everywhere by keeping pets healthy, safe and happy for a lifetime.

Contact:
Janna Chollet
917-826-8511
JChollet@PetSafe.net

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