Global Finance Cloud Market Report
The global financial cloud market size will reach $27.13 billion in 2021. By 2027, it will reach a value of $91.67 billion, growing at a CAGR of 21.70% (2022-2027).
SHERIDAN, Wyoming, USA, Sept. 17, 2022 /EINPresswire.com/ — According to a new research study by IMARC Group, “Finance Cloud Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.” , the global financial cloud market will reach a value of USD 27.13 billion in 2021. Looking to the future, IMARC Group believes that the market will reach a value of US$91.67 billion by 2027 and will show a CAGR of 21.70% between 2022 and 2027. I expect.
Finance Cloud is an integrated platform that automates, streamlines, simplifies, and measures a multitude of financial procedures using flexible Software as a Service (SaaS) and Core Information Technology (IT) solutions. Eliminate the large initial capital costs of licensing system software, computer hardware, and accounting application software. It is typically offered on a subscription basis and offers mobile access to multi-dimensional financial analysis, higher return on investment (ROI), and enterprise collaboration. As a result, financial clouds are gaining significant traction among large financial organizations around the world.
Market Impact of COVID-19: (Positive Impact)
As the novel coronavirus (COVID-19) crisis sweeps the world, we continuously track market changes and industry behavior of consumers around the world, and our estimates on the latest market trends and forecasts are available at It is done with consideration. impact of this pandemic.
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Global Finance Cloud Market Trends and Drivers:
The global financial cloud market is primarily focused on financial firms to digitally transform their financial services operations using advanced cloud and IT modernization standards for better data mining, automation, and security. Being there is the driving force. Moreover, amid the coronavirus disease (COVID-19) outbreak, the growing need for cloud solutions for financial services such as customer experience, point of sale (POS), core banking, and digital payments will be positive for market growth. Influencing.
Additionally, enterprises are moving workloads from on-premises hardware to financial management in the cloud, enabling real-time data access and increasing demand for their products. In addition to this, several major players are providing multi-layered security such as identity management, network security, threat detection and response due to increasing data breaches, thereby contributing to the growth of the market. . Other factors such as technological advancements, increasing cyber threats, and rising demand for operational efficiency are also expected to further drive the market.
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Global Financial Cloud Market 2022-2027 Analysis and Segmentation:
Competitive environment:
The competitive landscape of the market is studied in the report along with detailed profiles of the key players operating in the market.
These major players include:
Acumatica Inc., Amazon Web Services Inc. (Amazon.com Inc.), Aryaka Networks Inc., Capgemini SE, Cerillion, Cisco Systems Inc., Google LLC (Alphabet Inc.), International Business Machines Corporation, Microsoft Corporation, Oracle Corporation , Rapidscale Inc. (Cox Business Services LLC), Salesforce.com Inc.
The report segments the market on the basis of region, type, deployment model, company size, and application.
Breakdown by type:
• Resolution
o financial forecasts
o Financial reporting and analysis
o Security
o Governance, Risk and Compliance
o other
• service
o Professional Services
o Managed services
Breakdown by deployment model:
• Public cloud
• Private cloud
• Hybrid cloud
Breakdown by company size:
• large company
• Small and medium-sized enterprises
Breakdown by application:
• Wealth management
• Revenue management
• account management
• Customer relationship management
• asset management
• others
Regional breakdown:
• North America: (US, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, UK, Italy, Spain, Russia, etc.)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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For up-to-date primary and secondary data (2022-2027) including cost modules, business strategy, distribution channels, and more, click Request a Free Sample Report. Published reports will be delivered in PDF format via email within 24-48 hours of receipt. Full payment.
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market drivers and enablers
• SWOT Analysis
• Value chain
• Comprehensive mapping of competitive landscape
If you require specific information not currently included in the report’s scope, it can be provided as part of your customization.
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about us:
IMARC Group is a leading market research firm providing strategic management and market research worldwide. We partner with clients across all sectors and geographies to identify the highest-value opportunities, address the most critical challenges, and transform their businesses.
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