HOME Top Market Reports Finance Cloud Market by Solution (Financial Reporting and Analysis, Security, Governance, Risk and Compliance), Service, Application, Deployment Model, Organization Size, Vertical, Region - Global Forecast to 2021

Finance Cloud Market by Solution (Financial Reporting and Analysis, Security, Governance, Risk and Compliance), Service, Application, Deployment Model, Organization Size, Vertical, Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: December 2016
Report Code: TC 1486

 

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The finance cloud market size is estimated to grow from USD 9.89 Billion in 2016 to USD 29.47 Billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 24.4%.

The finance cloud report aims at estimating the market size and future growth potential of the market across different segments, such as solution, service, application, deployment mode, organization size, sub domain, and regions. The primary objectives of report includes providing a detailed analysis of the major factors influencing the growth of this market (drivers, restraints, opportunities, industry specific challenges, and burning issues) and to analyze the opportunities in the market for stakeholders and details of a competitive landscape for market leaders.

The research methodology used to estimate and forecast the finance cloud market begins with capturing data on key vendor revenues through secondary research, such as Cloud Computing Association (CCA), The Computer Science and Engineering Association (CSEA), Asia Cloud Computing Association (ACCA), Information System Security Association (ISSA), Information Systems Audit and Control Association (ISACA), and many more. The vendor’s offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure is employed to arrive at the overall market size of the global finance cloud from the revenue of the key players in the market. After arriving at the overall market size, the total market is split into several segments and sub-segments, which are then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures are employed to complete the overall market engineering process and arrive at the exact statistics for all segments. The breakdown of profiles of primary is depicted in the below figure:

Finance Cloud Market

To know about the assumptions considered for the study, download the pdf brochure

The finance cloud market comprises number of intermediaries involved in the ecosystem of this market space. It starts with solution providers such as Oracle, Google, IBM, Amazon Web Services, SAP SE, CSC, Microsoft, Salesforce.com, Huawei Technologies and Capgemini. Other stakeholders of the finance cloud include Cloud Vendors, Cloud Brokers, and Managed service providers, ISVs, Platform Providers, Consultancy Firms/Advisory Firms, Training and Education Service Providers.

Target Audience

  • Consultancy firms/advisory firms
  • Training and education service providers
  • Cloud service providers
  • Professional service providers
  • Managed service providers
  • Financial firms
  • Banking and Insurance professional

 “The research study answers several questions for the stakeholders, primarily which market segments to focus in during the next two to five years for prioritizing the efforts and investments”.

Scope of the Report

The research report categorizes the finance cloud market to forecast the revenues and analyze the trends in each of the following sub-markets:

By Solution

  • Financial Forecasting
  • Financial Reporting and Analysis
  • Security
  • Governance, Risk and Compliances
  • Others

By Service

  • Professional Services
  • Managed Services

By Application

  • Revenue Management
  • Wealth Management System
  • Account Management
  • Customer Management
  • Others

By Deployment Type

  • Public  Cloud
  • Private Cloud
  • Hybrid Cloud

By Organization Size

  • Small and Medium Enterprise (SME)
  • Large enterprise

By Sub Domain

  • Banking and Financial Service
  • Insurance

By Region

  • North America
  • Europe
  • Middle East and Africa (MEA)
  • Asia-Pacific (APAC)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the European finance cloud market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin American market  

Company Information

  • Detailed analysis and profiling of additional market players

Table of Content

1 Introduction (Page No. - 14)
    1.1 Objectives of the Report
    1.2 Market Definition
    1.3 Market Scope
    1.4 Markets Covered
           1.4.1 Years Considered in the Report
    1.5 Currency
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Introduction
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Finance Cloud Market: Vendor Analysis
    2.5 Research Assumptions and Limitations

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Market Opportunities in the Market
    4.2 Market By Service, 2016 vs 2021
    4.3 Market:By Deployment Model
    4.4 Global Finance Cloud Market: Solution vs Region, 2016
    4.5 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Ecosystem
    5.3 Market Segmentation
           5.3.1 By Type
           5.3.2 By Application
           5.3.3 By Deployment Model
           5.3.4 By Organization Size
           5.3.5 By Sub-Industry
           5.3.6 By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Business Agility and Focus
                    5.4.1.2 Rising Environmental Concerns
                    5.4.1.3 Increased Need for Customer Management
           5.4.2 Restraints
                    5.4.2.1 Protection of Intellectual Property Rights (IPR)
                    5.4.2.2 Concern Over Regulatory Compliances
           5.4.3 Opportunities
                    5.4.3.1 Deployment of Applications Via Cloud
           5.4.4 Challenges
                    5.4.4.1 Threat of Cybercrimes
                    5.4.4.2 Disaster Recovery
                    5.4.4.3 Intensive Rivalry Among the Players
                    5.4.4.4 Third-Party Services

6 Industry Trends (Page No. - 45)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Regulations and Compliances
    6.4 Strategic Benchmarking

7 Finance Cloud Market Analysis, By Type (Page No. - 49)
    7.1 Introduction
    7.2 Solution
           7.2.1 Financial Forecasting
           7.2.2 Financial Reporting and Analysis
           7.2.3 Security
           7.2.4 Governance, Risk, and Compliance
           7.2.5 Others
    7.3 Service
           7.3.1 Professional Services
           7.3.2 Managed Services

8 Finance Cloud Market Analysis, By Application (Page No. - 60)
    8.1 Introduction
    8.2 Revenue Management
    8.3 Wealth Management System
    8.4 Account Management
    8.5 Customer Management
    8.6 Others

9 Finance Cloud Market Analysis, By Deployment Model (Page No. - 66)
    9.1 Introduction
    9.2 Public Cloud
    9.3 Private Cloud
    9.4 Hybrid Cloud

10 Finance Cloud Market Analysis, By Organization Size (Page No. - 71)
     10.1 Introduction
     10.2 Small and Medium Enterprises
     10.3 Large Enterprises

11 Finance Cloud Market Analysis, By Sub-Industry (Page No. - 75)
     11.1 Introduction
     11.2 Banking and Financial Services
     11.3 Insurance

12 Geographic Analysis (Page No. - 79)
     12.1 Introduction
     12.2 North America
             12.2.1 United States
             12.2.2 Canada
     12.3 Europe
     12.4 Asia-Pacific
     12.5 Middle East and Africa
     12.6 Latin America

13 Competitive Landscape (Page No. - 98)
     13.1 Overview
     13.2 Finance Cloud: Vendor Comparison
     13.3 Competitive Situations and Trends
             13.3.1 New Product Launches
             13.3.2 Partnerships
             13.3.3 Acquisitions

14 Company Profiles (Page No. - 106)
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     14.1 Introduction
     14.2 Oracle Corporation
     14.3 Google, Inc.
     14.4 IBM Corporation
     14.5 Microsoft Corporation
     14.6 Computer Sciences Corporation
     14.7 Amazon Web Services
     14.8 SAP SE
     14.9 Salesforce.Com, Inc.
     14.10 Huawei Technologies Co., Ltd
     14.11 Capgemini
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
     14.12 Key Innovators
             14.12.1 Rapidscale
             14.12.2 Atemiscloud
             14.12.3 Rambase
             14.12.4 Cerillion Technologies Limited
             14.12.5 Percipient

15 Appendix (Page No. - 134)
     15.1 Key Industry Insights
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing RT: Real Time Market Intelligence
     15.5 Available Customizations
     15.6 Related Reports
     15.7 Author Details


List of Tables (65 Tables)

Table 1 Finance Cloud Market Size, 2014–2021 (USD Billion)
Table 2 Market Size, By Type, 2014–2021 (USD Million)
Table 3 Market Size, By Solution, 2014–2021 (USD Million)
Table 4 Financial Forecasting: Market Size, By Region, 2014–2021 (USD Million)
Table 5 Financial Reporting and Analysis: Market Size, By Region, 2014–2021 (USD Million)
Table 6 Security: Finance Cloud Market Size, By Region, 2014–2021 (USD Million)
Table 7 Governance, Risk, and Compliance: Market Size, By Region, 2014–2021 (USD Million)
Table 8 Others: Market Size, By Region, 2014–2021 (USD Million)
Table 9 Finance Cloud Market Size, By Service, 2014–2021 (USD Million)
Table 10 Professional Services: Market Size, By Region, 2014–2021 (USD Million)
Table 11 Managed Services: Market Size, By Region, 2014–2021 (USD Million),
Table 12 Finance Cloud Market Size, By Application, 2014–2021 (USD Million)
Table 13 Revenue Management: Market Size, By Region, 2014–2021 (USD Million)
Table 14 Wealth Management System: Market Size, By Region, 2014–2021 (USD Million)
Table 15 Account Management: Market Size, By Region, 2014–2021 (USD Million)
Table 16 Customer Management: Market Size, By Region, 2014–2021 (USD Million)
Table 17 Others: Market Size, By Region, 2014–2021 (USD Million)
Table 18 Finance Cloud Market Size, By Deployment Model, 2014–2021 (USD Million)
Table 19 Public Cloud: Market Size, By Region, 2014–2021 (USD Million)
Table 20 Private Cloud: Market Size, By Region, 2014–2021 (USD Million)
Table 21 Hybrid Cloud: Market Size, By Region, 2014–2021 (USD Million)
Table 22 Finance Cloud Market Size, By Organization Size, 2014–2021 (USD Million)
Table 23 Small and Medium Enterprises: Market Size, By Region, 2014–2021 (USD Million)
Table 24 Large Enterprises: Market Size, By Region, 2014–2021 (USD Million)
Table 25 Finance Cloud Market Size, By Sub-Industry, 2014–2021 (USD Million)
Table 26 Banking and Financial Services: Market Size, By Region 2014–2021 (USD Million)
Table 27 Insurance: Market Size, By Region, 2014–2021 (USD Million)
Table 28 Finance Cloud Market Size, By Region, 2014–2021 (USD Million)
Table 29 North America: Market Size, By Type, 2014–2021 (USD Million)
Table 30 North America: Market Size, By Solution, 2014–2021 (USD Million)
Table 31 North America: Market Size, By Service, 2014–2021 (USD Million)
Table 32 North America: Market Size, By Application, 2014–2021 (USD Million)
Table 33 North America: Market Size, By Deployment Model, 2014–2021 (USD Million)
Table 34 North America: Market Size, By Organization Size, 2014–2021 (USD Million)
Table 35 North America: Market Size, By Country, 2014–2021 (USD Million)
Table 36 United States: Market Size, By Type,  2014–2021 (USD Million)
Table 37 Canada: Finance Cloud Market Size, By Type, 2014–2021 (USD Million)
Table 38 Europe: Market Size, By Type, 2014–2021 (USD Million)
Table 39 Europe: Market Size, By Solution,  2014–2021 (USD Million)
Table 40 Europe: Market Size, By Service, 2014–2021 (USD Million)
Table 41 Europe: Market Size, By Application, 2014–2021 (USD Million)
Table 42 Europe: Market Size, By Deployment Model, 2014–2021 (USD Million)
Table 43 Europe: Market Size, By Organization Size, 2014–2021 (USD Million)
Table 44 Asia-Pacific: Finance Cloud Market Size, By Type, 2014–2021 (USD Million)
Table 45 Asia-Pacific: Market Size, By Solution, 2014–2021 (USD Million)
Table 46 Asia-Pacific: Market Size, By Service, 2014–2021 (USD Million)
Table 47 Asia-Pacific: Market Size, By Application, 2014–2021 (USD Million)
Table 48 Asia-Pacific: Market Size, By Deployment Model, 2014–2021 (USD Million)
Table 49 Asia-Pacific: Market Size, By Organization Size,  2014–2021 (USD Million)
Table 50 Middle East and Africa: Finance Cloud Market Size, By Type, 2014–2021 (USD Million)
Table 51 Middle East and Africa: Market Size, By Solution, 2014–2021 (USD Million)
Table 52 Middle East and Africa: Market Size, By Service, 2014–2021 (USD Million)
Table 53 Middle East and Africa: Market Size, By Application, 2014–2021 (USD Million)
Table 54 Middle East and Africa: Market Size, By Deployment Model, 2014–2021 (USD Million)
Table 55 Middle East and Africa: Market Size, By Organization Size, 2014–2021 (USD Million)
Table 56 Latin America: Finance Cloud Market Size, By Country, 2014–2021 (USD Million)
Table 57 Latin America: Market Size, By Type, 2014–2021 (USD Million)
Table 58 Latin America: Market Size, By Solution, 2014–2021 (USD Million)
Table 59 Latin America: Market Size, By Service, 2014–2021 (USD Million)
Table 60 Latin America: Market Size, By Application, 2014–2021 (USD Million)
Table 61 Latin America: Market Size, By Deployment Model, 2014–2021 (USD Million)
Table 62 Latin America: Market Size, By Organization Size, 2014–2021 (USD Million)
Table 63 New Product Launches, 2014–2016
Table 64 Partnerships, 2015–2016
Table 65 Acquisitions, 2014–2016


List of Figures (56 Figures)

Figure 1 Global Finance Cloud Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Breakdown and Data Triangulation
Figure 5 Vendor Analysis Methodology: Criteria Weightage
Figure 6 Assumptions
Figure 7 Limitations
Figure 8 Financial Forecasting is Expected to Have the Largest Market Share During the Forecast Period
Figure 9 The Adoption Rate of Finance Cloud is Expected to Increase in Small and Medium Enterprises During the Forecast Period
Figure 10 The Adoption Rate of Finance Cloud is Expected to Be High for Customer Management Segment During the Forecast Period
Figure 11 North America is Expected to Lead the Finance Cloud Market During the Forecast Period
Figure 12 Rising Demand for Compliance Management in BFSI Can Be A Major Opportunity for the Market to Grow
Figure 13 Managed Services Segment is Expected to Witness the Highest CAGR During the Forecast Period
Figure 14 Public Cloud Accounts for the Largest Market Share Among All the Deployment Models
Figure 15 Financial Forecasting By Solution and North America By Region Account for the Highest Shares in the Finance Cloud Market
Figure 16 Finance Cloud Market Regional Lifecycle: Asia-Pacific Exhibits Potential Growth During the Forecast Period
Figure 17 Finance Cloud Market: Ecosystem
Figure 18 Market Segmentation: By Type
Figure 19 Market Segmentation: By Application
Figure 20 Market Segmentation: By Deployment Model
Figure 21 Market Segmentation: By Organization Size
Figure 22 Market Segmentation: By Sub-Industry
Figure 23 Market Segmentation: By Region
Figure 24 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 25 Value Chain: Finance Cloud Market
Figure 26 Strategic Benchmarking: Finance Cloud Market
Figure 27 Financial Forecasting Solution Segment is Expected to Have the Largest Market Size in 2016
Figure 28 Professional Services Segment is Expected to Have the Largest Market Size in 2016
Figure 29 Revenue Management Application is Expected to Hold the Largest Market Size in 2016
Figure 30 Public Cloud Model is Expected to Hold the Largest Market Size in 2016
Figure 31 Large Enterprises Segment is Expected to Hold the Largest Market Size in 2016
Figure 32 Insurance Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 33 North America Region is Expected to Have the Largest Market Size in 2016
Figure 34 North America Market Snapshot
Figure 35 Asia-Pacific Market Snapshot
Figure 36 Product Offerings Comparison
Figure 37 Business Strategy Comparison
Figure 38 Companies Adopted New Product Launch as the Key Growth Strategy From 2014 to 2016
Figure 39 Market Evaluation Framework
Figure 40 Battle for Market Share: New Product Launch Was the Key Strategy Adopted By Key Players in Finance Cloud Market During the Period 2014–2016
Figure 41 Geographic Revenue Mix of Top Market Players
Figure 42 Oracle Corporation: Company Snapshot
Figure 43 Oracle Corporation: SWOT Analysis
Figure 44 Google, Inc.: Company Snapshot
Figure 45 Google, Inc.: SWOT Analysis
Figure 46 IBM Corporation: Company Snapshot
Figure 47 IBM Corporation: SWOT Analysis
Figure 48 Microsoft Corporation: Company Snapshot
Figure 49 Microsoft Corporation: SWOT Analyses
Figure 50 Computer Sciences Corporation: Company Snapshot
Figure 51 Computer Sciences Corporation : SWOT Analysis
Figure 52 Amazon Web Services: Company Snapshot
Figure 53 SAP SE: Company Snapshot
Figure 54 Salesforce.Com, Inc.: Company Snapshot
Figure 55 Huawei Technologies Co., Ltd: Company Snapshot
Figure 56 Capgemini: Company Snapshot

The finance cloud market is expected 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% during the forecast period. The major drivers of this market include better business agility and focus, increasing adoption of green IT and rising need for customer management.

The finance cloud market report has been broadly classified into solution and service. The security solution is expected to grow at the highest CAGR during the forecast period, followed by governance, risk and compliance. Many financial organization feel that security and risk related to in-house can be easily controlled comparing to Cloud. Due to critical data confidentiality, compliance and legal issues, cloud based security solutions are gaining huge demand in financial sector.

Under service market managed services is expected to dominate the finance cloud market. Managed services enable organizations to outsource its entire or a part of the IT infrastructure and operations to focus on their key business goals. Outsourcing helps contact center based companies to reduce the cost incurred on network and IT spending by eliminating Capital Expenditure (CAPEX) and Operational Expenditure (OPEX). Thus increasing its demand in the market and accelerating its growth.

Customer management application is growing with the highest CAGR during the forecast period. In banking and financial sector, customer response, feedback and their satisfaction with respect to solution and service is must. Therefore, customer management is one of the major application catered by the finance cloud vendors and is expected to grow during the forecast period.

North America is expected to have the largest market share in 2016, whereas Asia-Pacific (APAC) region is expected to grow at a highest CAGR from 2016 to 2021 in the finance cloud market.  Reduce CapEx spending, low IT management complexity, improved agility and security are some of the major driving factors contributing to the growth of cloud computing in the North America. This has given major benefits to the financial organization to opt for cloud solutions.

Regulatory compliances, security, privacy are the major concern in the Asia-Pacific market for finance cloud to grow.

Finance Cloud Market

Need better business agility and focus, increasing adoption of green IT and rising need for customer management are the driving factor in the market. Security and reliability issues, compliance management, and threat of cybercrime are some of the major restraints and challenges in the market. The key vendors in the finance cloud market are Google, Oracle, IBM, and Cerillion. These players have adopted various strategies, such as new product developments, acquisitions, and partnerships, to serve the market.

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