"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"[143 Pages Report] The finance cloud market size is estimated to grow from USD 9.89 billion in 2016 to USD 29.47 billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 24.4%.
The finance cloud report aims at estimating the market size and future growth potential of the market across different segments, such as solution, service, application, deployment mode, organization size, sub domain, and regions. The primary objectives of report include providing a detailed analysis of the major factors influencing the growth of this market (drivers, restraints, opportunities, industry specific challenges, and burning issues) and to analyze the opportunities in the market for stakeholders and details of a competitive landscape for market leaders.
Market Dynamics
Drivers
• Business agility and focus.
• Rising environmental concerns
• Increased need for customer management.
Restraints
• Protectionof Intellectual Property Rights (IPR)
• Concern over regulatory compliances
Opportunities
• Deployment of applications via cloud
Challenges
• Threat of cybercrimes
• Disaster recovery
• Intensive rivalry among the players
• Third party services
Objectives of the Study
The main objective of this report is to define, describe, and forecast the global Finance cloud market on the basis of component, applications, type, vertical, and regions. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market. The report aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the global NaaS market. The report also attempts to forecast the market size of the 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It strategically profiles the key market players and comprehensively analyzes their core competencies. It also tracks and analyzes the competitive developments, such as joint ventures, mergers and acquisitions, new developments, and Research and Development (R&D) activities, in the Finance cloud market.
Research Methodology
The research methodology used to estimate and forecast the Finance cloud market begins with capturing data on key vendor revenues through secondary research such as the Crunchbase. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global Finance cloud market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, Directors and executives. This data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments.

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The finance cloud market 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 better business agility and focus, increasing adoption of green IT and rising need for customer management.
The finance cloud market report has been broadly classified into solution and service. The security solution is expected to grow at the highest CAGR during the forecast period, followed by governance, risk and compliance. Many financial organization feel that security and risk related to in-house can be easily controlled comparing to Cloud. Due to critical data confidentiality, compliance and legal issues, cloud based security solutions are gaining huge demand in financial sector.
Critical questions the report answers:
• Where will all these developments take the industry in the mid to long term?
• What are the upcoming industry trends for Finance cloud?
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.
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