DUBLIN--(BUSINESS WIRE)--The "Global Finance Cloud Market - Segmented by Solution and Services, Application, Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), End Users, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global finance cloud market was valued at USD 12.22 billion in 2017 and is expected to reach a value of USD 43.93 billion by 2023 at a CAGR of 23.77% over the forecast period of 2018-2023.
Increasing deployment of applications via cloud, the surging need for customer management, business agility, and efficiency, are expected to drive the global finance cloud market. Owing to the increasing critical cloud data, confidentiality, compliance and legal issues, cloud-based security solutions are gaining huge demand in the financial sector.
Benefits, such as, improved productivity, lowered costs, and advanced data analytics provided by customer management applications, are having a significant impact on the adoption of finance cloud. The banking services and financial and insurance companies are opting for the application to quickly address customer queries and concerns, keeping in mind the long-term benefits and achieving a competitive advantage.
Worldwide, the focus on various organizations on offering specialized services to achieve a greater customer experience and obtaining operational efficiency at a reduced cost and time, are driving the demand for professional cloud services. The professional cloud services segment is growing at an exponential rate, since most of the players are focusing on providing specialized services for the market.
North America is anticipated to hold the largest market share as it dominated the finance cloud market in 2016, owing to the greater internet penetration rate and a strong economy that shifted isolated infrastructure to cloud in the region.
- Amazon Web Services
- Beeks Financial Cloud
- Capgemini SE
- Computer Sciences Corporation
- Google Inc.
- Huawei Technologies Co. LTD
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Salesforce.com Inc.
- SAP SE
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Technology Snapshot
6. Market Segmentation
7. Competitive Intelligence- Company Profiles
8. Investment Analysis
9. Future of the Market
For more information about this report visit https://www.researchandmarkets.com/research/wccwz6/global_finance?w=4