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Financial Cloud Market, Global Outlook and Forecast 2023-2029

Financial cloud refers to financial institutions to make use of cloud computing and service advantages, its data value, customer, processes, and through technical means, such as data centers, client into "the cloud", to improve the system experience, improve operation ability, the reorganization of the data value, providing customers with a higher level of financial services, reduce running cost, finally to streamline the core business, expansion of dispersive channels.Due to the high technical barriers and financial barriers of the financial cloud.At present, the financial cloud market has not yet formed an absolute dominant pattern.Companies producing advanced financial clouds are mainly concentrated in the United States, Europe, China and Japan.In particular, as the market leader in financial cloud, amazon (AWS) has a global market share of approximately 15% in 2018. Other major service providers include Microsoft, IBM, Salesforce.com, inc., SAP SE, oracle, Google, Ali Cloud, Capgemini, ServiceNow, Workday, VMware, tencent, Fujitsu, huawei, etc. Global and Chinese financial cloud has developed rapidly in recent years, with total sales of approximately $2.2 billion in 2018 and expected to reach $131.1 billion by 2025, with a compound growth rate of 29% from 2018 to 2025.North America is the region with the largest share of the global financial cloud market, with a market share of 53% in 2018.In the consumer market, the growth rate of global consumption is stable.Due to the advanced Internet technology and the rapid economic development, North America, Europe and the asia-pacific region are still the major consumer regions.The global market for financial clouds is expected to reach about $131.1 billion by 2025, up from $6.3 billion in 2014.In China, total financial cloud market sales in 2018 were approximately $1.9 billion and are expected to reach $13.1 billion by 2025, with a compound growth rate of 31% from 2018 to 2025.The application fields of financial cloud can be divided into four categories, such as Banks, securities companies, insurance companies, and others.According to the 2018 survey results, 81 percent of the financial cloud markets are Banks, 10 percent are insurance companies, 9 percent are securities companies and 2 percent are others.With the development of economy, countries are demanding more and more standardization, precision and intelligence in this field.At the same time, these countries will need more financial clouds.Therefore, the financial cloud has huge market potential in the future. This report aims to provide a comprehensive presentation of the global market for Financial Cloud, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Financial Cloud. This report contains market size and forecasts of Financial Cloud in global, including the following market information: Global Financial Cloud Market Revenue, 2018-2023, 2024-2029, ($ millions) Global top five companies in 2022 (%) The global Financial Cloud market was valued at US$ 49340 million in 2022 and is projected to reach US$ 268320 million by 2029, at a CAGR of 27.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. Global Financial Cloud key players include Amazon (AWS), Microsoft, IBM, Salesforce.com, etc. Global top four manufacturers hold a share over 40%. North America is the largest market, with a share over 50%, followed by Europe, and Asia Pacific, both have a share over 35 percent. In terms of product, IaaS is the largest segment, with a share over 60%. And in terms of application, the largest application is Bank, followed by Insurance Company, Securities Company, etc. MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Financial Cloud companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks. Total Market by Segment: Global Financial Cloud Market, by Type, 2018-2023, 2024-2029 ($ millions) Global Financial Cloud Market Segment Percentages, by Type, 2022 (%) SaaS IaaS PaaS Global Financial Cloud Market, by Application, 2018-2023, 2024-2029 ($ millions) Global Financial Cloud Market Segment Percentages, by Application, 2022 (%) Bank Securities Company Insurance Company Others Global Financial Cloud Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) Global Financial Cloud Market Segment Percentages, By Region and Country, 2022 (%) North America US Canada Mexico Europe Germany France U.K. Italy Russia Nordic Countries Benelux Rest of Europe Asia China Japan South Korea Southeast Asia India Rest of Asia South America Brazil Argentina Rest of South America Middle East & Africa Turkey Israel Saudi Arabia UAE Rest of Middle East & Africa Competitor Analysis The report also provides analysis of leading market participants including: Key companies Financial Cloud revenues in global market, 2018-2023 (estimated), ($ millions) Key companies Financial Cloud revenues share in global market, 2022 (%) Further, the report presents profiles of competitors in the market, key players include: Amazon (AWS) Microsoft IBM Salesforce.com SAP SE Oracle Google Ali Cloud Capgemini ServiceNow Workday VMware Tencent FUJITSU CONNECTED TECHNOLOGIES Huawei Outline of Major Chapters: Chapter 1: Introduces the definition of Financial Cloud, market overview. Chapter 2: Global Financial Cloud market size in revenue. Chapter 3: Detailed analysis of Financial Cloud company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc. Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets. Chapter 6: Sales of Financial Cloud in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world. Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. Chapter 8: The main points and conclusions of the report.
1 Introduction to Research & Analysis Reports 1.1 Financial Cloud Market Definition 1.2 Market Segments 1.2.1 Market by Type 1.2.2 Market by Application 1.3 Global Financial Cloud Market Overview 1.4 Features & Benefits of This Report 1.5 Methodology & Sources of Information 1.5.1 Research Methodology 1.5.2 Research Process 1.5.3 Base Yea
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About this Report
Report ID 930244
Category
  • Software and Services
Published on 24-Jan
Number of Pages 109
Publisher Name Market Monitor Global
Editor Rating
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