Pune, India -- (SBWIRE) -- 05/01/2018 -- The Global Finance Cloud Market accounted for USD 10.3 billion in 2016 growing at a CAGR of 25.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Finance cloud Market By Geography; Type (Solution, Service); Sub-Industry (Banking & Financial Services, Insurance); Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud); Organization Size; Application – Industry Trends and Forecast to 2024
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Finance cloud is basically, a cloud-based software version which is focused on wealth management system allowing their customers to connect with them in efficient manner. This technology can lead to share workflows and approval processes between multiple departments. This technology is helpful in automating your manual business processes, increasing data accuracy, and others. Increasing need for customer management and rising environmental concerns may act as the major driver in the growth of finance cloud market. On the other hand, concern over regulatory compliances may hamper the market.
The report for finance cloud market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
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On the basis of type:- solution and service.
The solution segment is further sub-segmented into financial forecasting, financial reporting and analysis, security, governance, risk, and compliance, and others. The service segment is further sub-segmented into professional services, and managed services.
On the basis of sub-industry:- Banking and financial services, and insurance.
On the basis of deployment model:- Public cloud, private cloud, and hybrid cloud.
On the basis of organization size:- Small and medium enterprises, and large enterprises.
On the basis of application:- Revenue management, wealth management system, account management, customer management, and others.
On the basis of geography:- North America, South America, Europe, Asia-Pacific, and Middle East & Africa
Major Market Drivers and Restraints:
- Business agility and focus
- Rising environmental concerns
- Increased need for customer management
- Protection of intellectual property rights (IPR)
- Concern over regulatory compliances
Major Market Competitors:-
- Google, Inc.,
- IBM Corporation,
- Microsoft Corporation,
- DXC Technology Company,
- Amazon Web Services, Inc.,
- SAP SE,
- Huawei Technologies Co., Ltd,
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