The report "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", The finance cloud market size 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 need for business agility and focus, green IT and increasing need for customer management.
Browse 65 market data tables and 56 figures spread through 143 pages and in-depth TOC on “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”
Early buyers will receive 10% customization on reports.
“Professional Service market is estimated to dominate the finance cloud market share during the forecast period.”
The professional services segment is estimated to have the largest market share in the finance cloud market. The organizations focus on offering specialized services to achieve greater customer experience, achieving operation efficiency at a reduced cost and time is driving the demand for finance cloud services across the globe. The finance cloud market is growing at an exponential rate since most of the players are focusing on providing specialized services for the market. Rapid growing demand for customer satisfaction with better and faster support and its reliable and efficient integration are some of the other drivers impacting the services market.
“Customer Management is expected to grow at high CAGRs during the forecast period. “
The customer management application of finance cloud market is witnessing a potential growth in comparison to the other applications owing to the benefits it offers such as lowered costs, improved productivity, advanced data analytics and much more. The financial services, banking and Insurance companies are opting for this application to quickly address customer queries and concerns, keeping in minds the long term benefits and achieving a competitive advantage. The major players in this market are Amazon web Services (AWS), Oracle, SAP, Google, IBM, Computer Sciences Corporation (CSC), Microsoft Corporation and Salesforce.com.
“North America is the leading region in terms of market share in the finance cloud market space.”
North America is expected to hold the largest market share and dominate the finance cloud market in 2016, due to the larger internet penetration rate and strong economy that has shifted isolated infrastructure to cloud in the region. APAC is expected to grow at the highest rate during this forecast period. 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.
The major vendors covered in the finance cloud market for the study are Oracle Corporation (California, U.S.), Google, Inc. (California, U.S.), International Business Machines (California, U.S.), Corporation (New York, U.S.), Amazon Web Services Inc. (Washington, U.S.), SAP SE Inc. (Walldorf, Germany), Computer Sciences Corporation (Virginia, U.S), Microsoft Corporation (Washington, U.S.), Salesforce.com (California, U.S.), Huawei Technologies Co., Ltd (Guangdong, China) and Capgemini (Paris, France).
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: sale[email protected]