Global Finance Cloud Market
Report Highlights
Market Analysis:
The global finance cloud market was valued at USD 10.20 billion in 2016 and is projected to reach USD 76.54 billion by 2025, growing at a CAGR of 25.10% from 2017 to 2025.
Market Definition:
Cloud computing is a revolutionary concept that is being considered by many banks and financial industries. With Cloud computing large banks as well as many other financial industries can expect many enormous benefits. Many financial services firms avoid it for one reason that is security. However, security in the cloud has advanced significantly, and now there are many benefits of cloud computing in financial sector including enhanced security, reduced infrastructure and maintenance cost, and increased business agility.
Market Dynamics:
1. Market Drivers
1.1 Increasing Environmental Concerns
1.2 Business Agility and Focus
1.3 Increasing Need for Customer Management
2. Market Restraints
2.1 Concern For Regulatory Compliances
2.2 Protection of Intellectual Property Rights
Market Segmentation:
The finance cloud market is segmented on the basis of service, solution, deployment model, application, organization size, and region.
1. By Service:
1.1 Professional Services
1.2 Managed Service
2. By Solution:
2.1 Security
2.2 Financial Report and Analysis
2.3 Governance, Risk and Compliances
2.4 Others
3. By Deployment Model:
3.1 Private Cloud
3.2 Public Cloud
3.3 Hybrid Cloud
4. By Application:
4.1 Customer Management
4.2 Revenue Management
4.3 Account Management
4.4 Others
5. By Organization Size:
5.1 Large Companies
5.2 Small and Mid-sized Businesses
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Rest of the World
Competitive Landscape:
The major players in the market are as follows:
1. Google, Inc.
2. Microsoft Corporation
3. AWS
4. Salesforce.Com, Inc.
5. Capgemini
6. Oracle Corporation
7. IBM Corporation
8. Computer Sciences Corporation
9. SAP SE
10. Huawei Technologies
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the finance cloud market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.