Financial Cloud Market

Financial cloud refers to financial institutions to make use of cloud computing and service advantages, its data value, customer, processes, and through technical means, such as data centers, client into "the cloud", to improve the system experience, improve operation ability, the reorganization of the data value, providing customers with a higher level of financial services, reduce running cost, finally to streamline the core business, expansion of dispersive channels.Due to the high technical barriers and financial barriers of the financial cloud.At present, the financial cloud market has not yet formed an absolute dominant pattern.Companies producing advanced financial clouds are mainly concentrated in the United States, Europe, China and Japan.In particular, as the market leader in financial cloud, amazon (AWS) has a global market share of approximately 15% in 2018. Other major service providers include Microsoft, IBM, Salesforce.com, inc., SAP SE, oracle, Google, Ali Cloud, Capgemini, ServiceNow, Workday, VMware, tencent, Fujitsu, huawei, etc. Global and Chinese financial cloud has developed rapidly in recent years, with total sales of approximately $2.2 billion in 2018 and expected to reach $131.1 billion by 2025, with a compound growth rate of 29% from 2018 to 2025.North America is the region with the largest share of the global financial cloud market, with a market share of 53% in 2018.In the consumer market, the growth rate of global consumption is stable.Due to the advanced Internet technology and the rapid economic development, North America, Europe and the asia-pacific region are still the major consumer regions.The global market for financial clouds is expected to reach about $131.1 billion by 2025, up from $6.3 billion in 2014.In China, total financial cloud market sales in 2018 were approximately $1.9 billion and are expected to reach $13.1 billion by 2025, with a compound growth rate of 31% from 2018 to 2025.The application fields of financial cloud can be divided into four categories, such as Banks, securities companies, insurance companies, and others.According to the 2018 survey results, 81 percent of the financial cloud markets are Banks, 10 percent are insurance companies, 9 percent are securities companies and 2 percent are others.With the development of economy, countries are demanding more and more standardization, precision and intelligence in this field.At the same time, these countries will need more financial clouds.Therefore, the financial cloud has huge market potential in the future.

Financial Cloud Market contains market size and forecasts of Financial Cloud in Global, including the following market information:

Global Financial Cloud Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Financial Cloud market was valued at 49340 million in 2021 and is projected to reach US$ 268320 million by 2028, at a CAGR of 27.4% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

SaaS Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Financial Cloud include Amazon (AWS), Microsoft, IBM, Salesforce.com, SAP SE, Oracle, Google, Ali Cloud and Capgemini, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Financial Cloud companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Financial Cloud Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Financial Cloud Market Segment Percentages, by Type, 2021 (%)

SaaS

IaaS

PaaS

Global Financial Cloud Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Financial Cloud Market Segment Percentages, by Application, 2021 (%)

Bank

Securities Company

Insurance Company

Others

Global Financial Cloud Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Financial Cloud Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Financial Cloud revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Financial Cloud revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Amazon (AWS)

Microsoft

IBM

Salesforce.com

SAP SE

Oracle

Google

Ali Cloud

Capgemini

ServiceNow

Workday

VMware

Tencent

FUJITSU CONNECTED TECHNOLOGIES

Huawei