The global cloud service brokerage market was valued at US$ 6.90 Bn in 2021 and is anticipated to grow to US$ 19.44 Bn growing at a CAGR of 12.4% throughout the forecast period from 2025 to 2033. The proliferation in demand of cloud has bolstered the number of cloud providers and has opened a space for cloud brokerage services.
Using BSM software solution, enterprises can reduce their cost of goods & services, increased procurement leverages, process efficiency, and also mitigate the risk which may cause by supplier non-performance or supplier non-compliance. Additionally, the increased transparency in the procurement process and increased visibility into spending and contract provides enhanced financial control, organizational agility, and increased productivity.
The unified threat management market worldwide is expected to grow with a CAGR of 10.5% during the forecast period from 2025 to 2033, starting from US$ 6.50 Bn in 2021. Owing to increase in cyber-attacks and awareness for cybersecurity, the unified threat management is set to grow significantly over the forecast period. Unified threat management is an advanced form of the traditional firewall, capable enough to carry out various security functions which include load balancing, data leak prevention, gateway anti-spam to name a few.
The test automation market worldwide is anticipated to grow with a CAGR of 14.7% during the forecast period from 2025 to 2033, starting from US$ 40.70 Bn in 2021. Increased mobile application market and rising DevOps methodology worldwide are the major reasons for the market growth.
The global education technology market is undergoing rapid transformation and is expected to grow at a CAGR of 13.8% during the forecast period of 2025 to 2033, driven by technological advancements and changing paradigms in the education sector. the education technology market is undergoing transformative journey, fuelled by digital advancements, a shift towards personalized learning, and a global surge in demand for online education. These drivers are reshaping traditional educational paradigms, fostering accessibility, and revolutionizing the way students learn.
Globally, the digital rights management market is expected to grow with a CAGR of 14.6% during the forecast period from 2025 to 2033 and has a market value of around US$ 4.88 Bn in 2021. Digital rights management (DRM) is an approach that is used by various industries to offer copyright protection for digital media and assets. The DRM is used for preventing unofficial redistribution of digital media among users.
The peripheral component interconnect express market worldwide is expected to grow with a CAGR of 18.4% during the forecast period from 2025 to 2033. Growing data storage market worldwide is the major growth driver for the peripheral interconnect express market. Peripheral component interconnect express is considered as the standard device for connection establishment among various devices internally.
Globally, the property management software market is expected to grow with a CAGR of 5.8% during the forecast period from 2025 to 2033 and has registered a market value of US$ 15.58 Bn in 2021. Property management software is defined as the application, which is used to perform various operations for residential, commercial, rental properties, and hospitality accommodations.
The telecom analytics market is expected to reach US$ 16.61 Bn in 2033, growing at a CAGR of 14.0% during the forecast period from 2025 to 2033. The advent of big data analytics have changed the way telecom sectors are managing their operations. The massive amount of data created by telecom devices users is a goldmine for telecom companies.
The global trade surveillance market is poised to reach US$ 4,312.0 Mn by 2033, expanding at a CAGR of 17.8% during the forecast period from 2025 to 2033. By the changing time, trading techniques and topologies have shifted from manual to automatic and algorithmic trading. Such technological advancement has increased the market capacity thereby reducing human limitations.
