Global Finance Cloud Market
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.
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.
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
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:
2.2 Financial Report and Analysis
2.3 Governance, Risk and Compliances
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
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
The major players in the market are as follows:
1. Google, Inc.
2. Microsoft Corporation
4. Salesforce.Com, Inc.
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.
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