Report overview
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 $13.1 billion by 2025, with a compound growth rate of 31% from 2018 to 2025.The application fields of financial cloud can be divided into four categories, such as Banks, securities companies, insurance companies, and others.According to the 2018 survey results, 81 percent of the financial cloud markets are Banks, 10 percent are insurance companies, 9 percent are securities companies and 2 percent are others.With the development of economy, countries are demanding more and more standardization, precision and intelligence in this field.At the same time, these countries will need more financial clouds.Therefore, the financial cloud has huge market potential in the future.
This report aims to provide a comprehensive presentation of the global market for Financial Services Cloud, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Financial Services Cloud. This report contains market size and forecasts of Financial Services Cloud in global, including the following market information:
Global Financial Services Cloud Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Financial Services Cloud market was valued at US$ 49340 million in 2022 and is projected to reach US$ 63350 million by 2029, at a CAGR of 3.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Financial Cloud key players include Amazon (AWS), Microsoft, IBM, Salesforce.com, etc. Global top four manufacturers hold a share over 40%.
North America is the largest market, with a share over 50%, followed by Europe, and Asia Pacific, both have a share over 35 percent.
In terms of product, IaaS is the largest segment, with a share over 60%. And in terms of application, the largest application is Bank, followed by Insurance Company, Securities Company, etc.
We surveyed the Financial Services 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 Services Cloud Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Financial Services Cloud Market Segment Percentages, by Type, 2022 (%)
Public Cloud
Private Cloud
Hybrid Cloud
Global Financial Services Cloud Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Financial Services Cloud Market Segment Percentages, by Application, 2022 (%)
Bank
Invest
Insurance
Global Financial Services Cloud Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Financial Services Cloud Market Segment Percentages, By Region and Country, 2022 (%)
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 Services Cloud revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Financial Services Cloud revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Salesforce
Microsoft
IBM
Amazon Web Services
Infosys
Oracle
Google Cloud
Tencent
Huawei
CSCC(Beijing)Financial Information Service Co.,Ltd.
Outline of Major Chapters:
Chapter 1: Introduces the definition of Financial Services Cloud, market overview.
Chapter 2: Global Financial Services Cloud market size in revenue.
Chapter 3: Detailed analysis of Financial Services Cloud company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Financial Services Cloud in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
