Cloud Services Brokerage Market Size to Reach $26.2 billion by 2029

The Cloud Services Brokerage Market is expected to grow from $11.4 billion in 2024 to $26.2 billion in 2029, driven by the need for multi-cloud management and digital transformation across organizations. The service intermediation segment is expected to grow at the highest CAGR during the forecast period, driven by the growing sophistication of the cloud environment and the need for affordable and high-performance cloud solutions. Top companies in the market include Accenture, IBM, Broadcom, Arrow Electronics, Fujitsu, DXC Technology, Wipro, Eviden, AWS, Infosys, and NTT Data.

Stifel Financial Corp. (NYSE: SF) reported a significant increase in its total client assets, reaching a record $532.7 billion at the end of August 2025. This represents a 2% month-over-month (MoM) and 9% year-over-year (YoY) growth, driven by robust recruiting efforts and market appreciation. The company's fee-based client assets also hit a record $213.6 billion, up 2% from July and 14% from the year-ago period Stifel client assets rise 2% in August, buoyed by recruiting, market gains^[1].

Stifel's Private Client Group saw its fee-based client assets grow to $186.7 billion in August, compared to $182.5 billion in July and $163.8 billion a year before. The Institutional Group, which includes bank loans and net client assets, also showed strong momentum. Bank loans, net, stood at $21.7 billion in August, virtually unchanged from the previous month but up from $20.3 billion in August 2024. Meanwhile, client money market and insured products slid 1% MoM and 4% YoY to $25.4 billion Stifel client assets rise 2% in August, buoyed by recruiting, market gains^[1].

Ronald J. Kruszewski, Stifel's Chairman and CEO, commented, "Momentum is building in our Institutional Group as the capital raising and M&A environment has improved significantly since earlier this year. Barring a significant market downturn, we anticipate a stronger second half of the year for this segment."

In a separate development, Leidos (NYSE: LDOS) and Sky Solutions recently formed Purple Sky, LLC, a joint venture focused on accelerating federal digital transformation. The joint venture aims to deliver advanced digital services to federal health agencies, with a focus on technology upgrades, data access improvements, and mission outcome enhancements. Purple Sky will leverage both companies' expertise in cloud, AI, and cybersecurity, and is accessible through the General Services Administration's multiple award schedule Leidos and Sky Solutions launch Purple Sky joint venture to accelerate federal digital transformation^[2].

The cloud services brokerage market is expected to grow from $11.4 billion in 2024 to $26.2 billion in 2029, driven by the need for multi-cloud management and digital transformation across organizations. The service intermediation segment is expected to grow at the highest compound annual growth rate (CAGR) during the forecast period, reflecting the growing sophistication of the cloud environment and the demand for affordable, high-performance solutions .