Portland, OR -- (SBWIRE) -- 10/06/2017 -- Cloud is an environment that provides scalable and measurable IT resources and works with virtual components rather than actual physical hardware. Banks opt for cloud technology due to the increase in data input. Reduction in hardware cost, as well as flexibility and scalability for the availability of data, are advantages of adopting cloud technology.

Reduction in IT infrastructure investments predominantly drive the Public Cloud Service Market growth. In addition, rise in investments in local data centers also fuel the market growth. However, latency in data retrieval and interruptions in data transmissions restrain the growth of the market. Ability of cloud technology to provide flexibility in deployment models, which in turn enhances the BFSI sector to be more agile makes way for market growth opportunities.

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Public Cloud Service Market Key Segments:

By Service type

-Infrastructure as a service (IAAS)
-Software as a service (SAAS)

By End User

-Banks
-Trade Finance Houses
-Others

By Region

-North America
-Europe
-Asia-Pacific
-LAMEA

Public Cloud Service Market Report Key Benefits:

-The study provides an in-depth analysis of the global public cloud service in BFSI market and current & future trends to elucidate the imminent investment pockets.

-Information about the key drivers restrains, and opportunities are provided.

-Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.

-The quantitative analysis of the market from 2017 to 2023 is provided to determine the market potential.

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Public Cloud Service Market Key Players Profiled In The Report:

-Amazon.com, Inc
-Google
-Hewlett-Packard Enterprise
-IBM Corporation
-Microsoft
-Rackspace Inc
-Cisco Systems, Inc
-Dell Inc
-Oracle
-SAP SE