Finance Cloud Market worth 29.47 Billion USD by 2021


Posted October 23, 2018 by dheerajpawar7359

Finance cloud market categorizes the global market by solution as financial reporting and analysis, security, Governance, risk and compliance, by service, by application, by deployment model, by organization size, by vertical, and by geography.

 
The report "Finance Cloud Market by Solution (Financial Reporting and Analysis, Security, Governance, Risk and Compliance), Service, Application, Deployment Model, Organization Size, Vertical, Region - Global Forecast to 2021", The finance cloud market size is expected to grow from USD 9.89 Billion in 2016 to USD 29.47 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 24.4% during the forecast period. The major drivers of this market include need for business agility and focus, green IT and increasing need for customer management.
“The research study answers several questions for the stakeholders, primarily which market segments to focus in during the next two to five years for prioritizing the efforts and investments”.
Scope of the Report
The research report categorizes the finance cloud market to forecast the revenues and analyze the trends in each of the following sub-markets:
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
By Sub Domain
• Banking and Financial Service
• Insurance
By Region
• North America
• Europe
• Middle East and Africa (MEA)
• Asia-Pacific (APAC)
• Latin America
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
• Product matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
• Further breakdown of the European finance cloud market
• Further breakdown of the APAC market
• Further breakdown of the MEA market
• Further breakdown of the Latin American market
Company Information
• Detailed analysis and profiling of additional market players

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“Professional Service market is estimated to dominate the finance cloud market share during the forecast period.”
The professional services segment is estimated to have the largest market share in the finance cloud market. The organizations focus on offering specialized services to achieve greater customer experience, achieving operation efficiency at a reduced cost and time is driving the demand for finance cloud services across the globe. The finance cloud market is growing at an exponential rate since most of the players are focusing on providing specialized services for the market. Rapid growing demand for customer satisfaction with better and faster support and its reliable and efficient integration are some of the other drivers impacting the services market.
“Customer Management is expected to grow at high CAGRs during the forecast period. “
The customer management application of finance cloud market is witnessing a potential growth in comparison to the other applications owing to the benefits it offers such as lowered costs, improved productivity, advanced data analytics and much more. The financial services, banking and Insurance companies are opting for this application to quickly address customer queries and concerns, keeping in minds the long term benefits and achieving a competitive advantage. The major players in this market are Amazon web Services (AWS), Oracle, SAP, Google, IBM, Computer Sciences Corporation (CSC), Microsoft Corporation and Salesforce.com.
“North America is the leading region in terms of market share in the finance cloud market space.”
North America is expected to hold the largest market share and dominate the finance cloud market in 2016, due to the larger internet penetration rate and strong economy that has shifted isolated infrastructure to cloud in the region. APAC is expected to grow at the highest rate during this forecast period. Reduce CapEx spending, low IT management complexity, improved agility and security are some of the major driving factors contributing to the growth of cloud computing in the North America.
The major vendors covered in the finance cloud market for the study are Oracle Corporation (California, U.S.), Google, Inc. (California, U.S.), International Business Machines (California, U.S.), Corporation (New York, U.S.), Amazon Web Services Inc. (Washington, U.S.), SAP SE Inc. (Walldorf, Germany), Computer Sciences Corporation (Virginia, U.S), Microsoft Corporation (Washington, U.S.), Salesforce.com (California, U.S.), Huawei Technologies Co., Ltd (Guangdong, China) and Capgemini (Paris, France).

Browse 65 market data tables and 56 figures spread through 143 pages and in-depth TOC on “Finance Cloud Market by Solution (Financial Reporting and Analysis, Security, Governance, Risk and Compliance), Service, Application, Deployment Model, Organization Size, Vertical, Region - Global Forecast to 2021”
https://www.marketsandmarkets.com/Market-Reports/finance-cloud-market-1053.html
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Issued By MarketsandMarkets™ INC.
Country United States
Categories Software , Technology
Tags finance cloud market , financial reporting and analysis
Last Updated October 23, 2018