Kenneth Research, in its repository of market research reports, have recently added a report on Finance Cloud Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2025. The Finance Cloud Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017. Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2025.
The global finance cloud market was valued at USD 10.20 billion in 2016 and is projected to reach USD 76.54 billion by 2025, growing at a CAGR of 25.10% from 2017 to 2025.
Cloud computing is a revolutionary concept that is being considered by many banks and financial industries. With Cloud computing large banks as well as many other financial industries can expect many enormous benefits. Many financial services firms avoid it for one reason that is security. However, security in the cloud has advanced significantly, and now there are many benefits of cloud computing in financial sector including enhanced security, reduced infrastructure and maintenance cost, and increased business agility.
The Final Report will cover the impact analysis of COVID-19 on this industry:
Download Sample of This Strategic Report:
1. Market Drivers
1.1 Increasing Environmental Concerns
1.2 Business Agility and Focus
1.3 Increasing Need for Customer Management
2. Market Restraints
2.1 Concern For Regulatory Compliances
2.2 Protection of Intellectual Property Rights
The finance cloud market is segmented on the basis of service, solution, deployment model, application, organization size, and region.
1. By Service:
1.1 Professional Services
1.2 Managed Service
2. By Solution:
2.2 Financial Report and Analysis
2.3 Governance, Risk and Compliances
3. By Deployment Model:
3.1 Private Cloud
3.2 Public Cloud
3.3 Hybrid Cloud
4. By Application:
4.1 Customer Management
4.2 Revenue Management
4.3 Account Management
5. By Organization Size:
5.1 Large Companies
5.2 Small and Mid-sized Businesses
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Rest of the World
The major players in the market are as follows:
1. Google, Inc.
2. Microsoft Corporation
4. Salesforce.Com, Inc.
6. Oracle Corporation
7. IBM Corporation
8. Computer Sciences Corporation
9. SAP SE
10. Huawei Technologies
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Request For Full Report: https://www.kennethresearch.com/sample-request-10059500
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the finance cloud market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.
About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
Phone: +1 313 462 0609