Finance Cloud Market Overview
Portland, OR -- (SBWIRE) -- 07/22/2017 -- Cloud technology among banks and other financial institutes have created huge amount of marketing hype since its early stages. Financial sector is majorly adopting cloud owing to its cheap costs, high requirement for data storage, and easy availability of cloud in the market. Further, with the rise in online transactions of banking activities, global digitization, and customer satisfaction have fueled the growth of finance cloud during recent years. However, adoption of cloud-based services in financial sector is partial as these institutes require high data security, authenticity, and complete control over the data, which is not completely offered by cloud computing.
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Based on type, the finance cloud market is segmented into solution and service. Service segment is further bifurcated into professional and managed service. As per deployment model the market is segmented into public cloud, private cloud, and hybrid cloud. By application finance cloud market is divided into revenue management, account management, customer management, and others. According to organizational size, the market is categorized into small, medium and large. The market is further analyzed across four geographic regions including North America, Europe, Asia-Pacific, and LAMEA.
Increase in need to have an efficient customer management have fueled the demand for finance cloud.
Further, growing banking, financial services, & insurance industry is in need to have a low cost and easily available data storage, which is provided by cloud deployment.
Lack of feasibility in data confidentiality and protection of intellectual property restraint the growth of finance cloud market.
Security and privacy are domineering in finance sector which makes financial services companies reluctant to adopt cloud-based services.
The key industry leaders in the global finance cloud market include Oracle Corporation, Google, Inc., International Business Machine Corporation, Amazon Web Services, Microsoft Corporation, SAP SE, Huawei Technologies Co. Ltd., Capgemini, Fiserv, Inc., Jack henry & Associates, Inc., and Salesforce.Com, Inc.
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Table of Content for Finance Cloud Market
1. Executive summary
1.1. Key findings
1.2. Market attractiveness and trend analysis
1.3. Competitive landscape and recent industry development analysis
2.1. Report description
2.2. Scope and definitions
2.3. Research methodology
3. Market landscape
3.1. Growth drivers
3.1.1. Impact analysis
3.2. Restraints and challenges
3.2.1. Impact analysis
3.3. Porter's analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of substitutes
3.3.4. Industry rivalry
3.3.5. Threat of new entrants
3.4. Global finance cloud market shares analysis, 2014-2025
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List of Tables
Contain 56 Tables
List of Figures
Contain 51 Figures