At 24.57% CAGR, Finance Cloud Market Size to Surpass USD 67.48 Billion by 2025

Christel Deskins

The MarketWatch News Department was not involved in the creation of this content. Aug 24, 2020 (Heraldkeepers) — Finance Cloud Market is valued at USD 14.50 Billion in 2018 and expected to reach USD 67.48 Billion by 2025 with the CAGR of 24.57% over the forecast period. Finance Cloud Market: […]

The MarketWatch News Department was not involved in the creation of this content.

Aug 24, 2020 (Heraldkeepers) —
Finance Cloud Market is valued at USD 14.50 Billion in 2018 and expected to reach USD 67.48 Billion by 2025 with the CAGR of 24.57% over the forecast period.

Finance Cloud Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2025. Growing demand for customer relationship management (CRM), rising implementation of regulatory standards, increasing adoption of cloud-based IT solutions and growing modes of online payments with increasing number of cyber-attacks across the globe are some major factors deriving the growth of global finance cloud market

Finance cloud is the application of management used to managing the organization’s financial planning on the cloud. There is three commonly used designations for deployment models such as private, public, and hybrid cloud. Cloud computing provides a highly resilient security architecture and goes through stringent security checks at regular intervals. The finance cloud technology which is introduced mainly for the financial institutions which includes the Private and public banks, educational institutions and insurance sectors. In addition, many businesses are moving to the cloud nowadays to strengthen their security infrastructure.

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The Finance cloud technology which is introduced mainly for the financial institutions which includes the Private and public banks, educational institutions and insurance sectors. The Finance cloud market is expanding and developing at a significant pace. The Cloud technology is on the rise taking into consideration the banking and financial institutions which have a major impact on the growth of a country’s economy on the global scenario. The financial sector is majorly opting and focusing on the finance cloud technology as it has the capacity to hold a huge amount of database along with lowering the key factors time and cost. The enhancing online transactions trends considering the mobile applications and online transactions in the banking sector across the globe is acting as key trend in the growth of the finance cloud market.

The Professional Services segment which is a sub segment of services in the type segment is anticipated to hold the largest Market share considering the finance cloud market on the global scenario. The Business enterprises focuses on providing and delivering specialized and precise services to attain effective and efficient consumer experience. Attaining the operational efficiency considering feasibility of time and cost factors is boosting the demand taking into account the finance cloud market on the global scenario. The finance cloud market is also on the development and expansion mode as many of the key organizations such as Microsoft corporation, and oracle corporation have been focusing greatly on delivering the precise and specialized services considering the market. The constant rise in the demand for consumer satisfaction with faster and reliable support along with effective integration are the other growth drivers boosting the services market on the global scenario. The Consumer management segment which is a sub-segment of application segment in the finance cloud market is anticipated to grow with the highest CAGR as it provides efficient productivity, lowered time and cost and data analytics. The insurance sector and banking and financial services sector are adopting this application as it act as a base to solve the customer queries and register their issues and concerns focusing on the retention of the consumer which will be a major factor in the growth considering the forthcoming future.

The regional analysis of Global Finance Cloud Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.

The regions covered in this finance cloud market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of finance cloud is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Finance Cloud Companies-

Finance cloud market report covers prominent players are,

IBM, Amazon web Services

Google

Oracle

SAP

Computer Sciences Corporation (CSC)

Microsoft Corporation

International Business Machines

Corporation

Salesforce.com

Huawei Technologies Co., Ltd

Capgemini

Others.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

Microsoft and Oracle interconnected Microsoft Azure and Oracle Cloud News: June 5, 2019 – Oracle Corporation and Microsoft Corporation announced a cloud interoperability partnership for allowing the customers to migrate and run mission-critical enterprise workloads across Microsoft Azure and Oracle Cloud. By enabling the customers to run one part of a workload within Azure and another part of the same workload within the Oracle Cloud, the partnership offers a highly optimized and best-of-both-clouds experience.

Finance Cloud Market Dynamics –

Growing demand for customer relationship management (CRM), rising implementation of regulatory standards and the increasing adoption of cloud-based IT solutions and increasing modes of online payments, increasing number of cyber-attacks across the globe are some major factors deriving the growth of global finance cloud market. According to The Center for Strategic and International Studies, Chinese hackers targeted over 75 organizations around the world in the manufacturing, media, healthcare and nonprofit sectors as part of a broad-ranging cyber espionage campaign. In addition, Growing adoption of cloud computing by small and medium sized enterprises (SMSE) and increasing number of internet users and growing adoption of cloud services are the key factors for adoption of Finance Cloud solutions. As per World Bank, from 2006 to 2016, the number of internet users has increased by nearly 28% from 206.01 million to 286.94 million in the U.S. Also, growth of finance cloud market will increases due to the increasing critical cloud data, compliance, confidentiality, and legal issues, cloud-based security solutions are gaining huge demand in the financial sector. According to report by Cloud Security Alliance, 61 % of financial institutions are developing a cloud strategy within their organization use a mix of private, public, or hybrid cloud environments. However, the lack of skilled IT resources, dearth of awareness among enterprises and consumers regarding the need for cloud services, these factors will hamper the growth of market. Moreover, adoption of technological advancements, deployment of applications via cloud are creates wide opportunities for the finance cloud market during forecast period.

Finance Cloud Market Regional Analysis –

North America is dominating the finance cloud market with the potential rate in forcaste peried due to rising digital transformation, increase in the number of data breaches and cyber-attacks, rise in internet penetration. According to the PewResearchCenter, estimates that 92 percent of Americans have cell phones and 45 percent have access to a tablet computing device. According to World Bank, It was recorded that almost 287 million internet users accessed the web from United States. According to Pew Research Center, around 26% of adults in the U.S. access the internet almost constantly and also about 98% of respondents in the U.S. from age 18 to 29 were internet users in 2018

The Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period with due to increasing number of cyber-attacks and rising penetration of the internet, the rising number of smart connection devices and adoption of smart phones and adoption of cloud technology in developing countries such as China and India. These are one of the major factors driving the finance cloud market growth during forcast period. According to Ministry Of Electronics & Information Technology, about 560 million internet subscriptions in 2018, up from 238.71 million in 2013, India is the second-largest internet subscriptions market in the world. Also, India has the second-largest number of instant messaging service users worldwide, behind China, and the most social media users. China is the largest market with 21% of internet users, while India holds second place with 12%, according to the World Economic Forum.

Key Benefits for Finance Cloud Market Reports –

Global Market report covers in depth historical and forecast analysis.

Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.

Global Market report helps to identify opportunities in market place.

Global Market report covers extensive analysis of emerging trends and competitive landscape.

Finance Cloud Market Segmentation –

By Solution: Financial Forecasting, Financial Reporting and Analysis, Security, Governance, Risk and Compliances, Others

By Service: Professional Services, Managed Services

By Application: Revenue Management, Wealth Management System, Account Management, Customer Management, Others

By Deployment Type: Public Cloud, Private Cloud, Hybrid Cloud

By Organization Size: Small and Medium Enterprise (SME), Large enterprise

Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa.

TABLE OF CONTENTS

Global Finance Cloud Market Definition and Scope

1.1. Research Objective

1.2. Market Definition

1.3. Scope of The Study

1.4. Years Considered for The Study

1.5. Currency Conversion Rates

1.6. Report Limitation

Research Methodology

1.7. Research Process

1.7.1. Data Mining

1.7.2. Analysis

1.7.3. Market Estimation

1.7.4. Validation

1.7.5. Publishing

1.8. Research Assumption

Executive Summary

1.9. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)

1.10. Key Trends

Global Finance Cloud Market Dynamics

1.11. Growth Prospects

1.11.1. Drivers

1.11.2. Restraints

1.11.3. Opportunities

1.12. Industry Analysis

1.12.1. Porter’s 5 Force Model

1.12.2. PEST Analysis

1.12.3. Value Chain Analysis

1.13. Analyst Recommendation & Conclusion

Global Finance Cloud Market, By Type

Global Finance Cloud Market, By Deployment Model

Global Finance Cloud Market, By Application

Global Finance Cloud Market, By Organization Size

Global Finance Cloud Market, by Regional Analysis

Competitive Intelligence

1.32. Company Market Share (Subject to Data Availability)

1.33. Top Market Strategies

1.34. Company Profiles

1.34.1. Amazon Web Services

1.34.1.1. Overview

1.34.1.2. Financial (Subject to Data Availability)

1.34.1.3. Product Summary

1.34.1.4. Recent Developments

1.34.2. Atemiscloud

1.34.3. Computer Sciences Corporation

1.34.4. Capgemini

1.34.5. Cerillion Technologies Limited

1.34.6. Google Inc

1.34.7. Huawei Technologies Co. Ltd

1.34.8. IBM Corporation

1.34.9. Microsoft Corporation

1.34.10. Oracle Corporation

1.34.11. Percipient

1.34.12. Rambase

1.34.13. Rapid Scale

1.34.14. SAP SE

Continued…

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