Global Finance Cloud Market – Industry Trends and Forecast to 2024

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.

 Market Definition: Global Finance Cloud Market

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.

Major market drivers & restraints: Global Finance Cloud Market

Business agility and focus
Rising environmental concerns
Increased need for customer management
Protection of intellectual property rights (IPR)
Concern over regulatory compliances

Market Segmentation: Global Finance Cloud Market

The global finance cloud market is segmented on the basis of type into 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, the global finance cloud market is segmented into banking and financial services, and insurance.

On the basis of deployment model, the global finance cloud market is segmented into public cloud, private cloud, and hybrid cloud.

On the basis of organization size, the global finance cloud market is segmented into small and medium enterprises, and large enterprises.

On the basis of application, the global finance cloud market is segmented into revenue management, wealth management system, account management, customer management, and others.

On the basis of geography, the global finance cloud market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Company Share Analysis: Global Finance Cloud 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.

Major Market Competitors: Global Finance Cloud Market

Some of the major players of the global finance cloud market are Oracle, Google, Inc., IBM Corporation, Microsoft Corporation, DXC Technology Company, Amazon Web Services, Inc., SAP SE, Salesforce, Huawei Technologies Co., Ltd, Capgemini and others.

Research Methodology: Global Finance Cloud Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Global Finance Cloud Market – Industry Trends and Forecast to 2024