The finance cloud market size is estimated 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% due to need for business agility, Green IT and better customer management. However, protection of Intellectual property rights (IPR) and strict Regulatory Compliance are the major restraint in the overall growth of the market.
The implementation of financial forecasting among financial institutions is expected to grow with the highest CAGR during the forecast period. Financial forecasting evaluates future revenue, expenditure trends and guide policy decisions based on past, current, and projected financials. The factors driving this sector are reduced cost in infrastructure maintenance as well as increased efficiency and convenience while developing agile forecasts to solve enterprise-wide business planning use cases.
APAC is expected to grow with the highest rate during the forecast. Financial firms in the APAC are facing high pressure to increase agility, improve efficiency with digital transformation due to increasing expectation of the customer and high competition with the established players. This creates an opportunity for the finance cloud solution and service providers. North America is expected to hold the largest market share and dominate the finance cloud market in 2016, due to the Increasing demand for retail banking, greater efficiency of SaaS based solution in the front office, compliance management and relaxation in government policies.
- Amazon Web Services, Inc.
- Computer Sciences Corporation
- Google, Inc.
- Huawei Technologies Co., Ltd
- International Business Machines Corporation
- Microsoft Corporation
- Oracle Corporation
- SAP SE, Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Finance Cloud Market Analysis, By Solution
8 Market Analysis, By Service
9 Finance Cloud Market Analysis, By Application
10 Market Analysis, By Deployment Model
11 Finance Cloud Market Analysis, By Organization Size
12 Market Analysis, By Sub-Domain
13 Geographic Analysis
14 Competitive Landscape
15 Company Profiles
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