Private and Public Cloud Market Size in the Financial Services Industry to Increase by USD 90,175.21 Million: 37% Growth to Originate from North America

NEW YORK, Nov. 26, 2022 /PRNewswire/ — The private and public cloud market in the financial services industry by service type, deployment, and geography – forecast and analysis 2023-2027 report has been revealed by Technavio. Market progress is estimated to speed up at a CAGR of 18.81% and register an incremental progress of USD 90,175.21 million in the course of the forecast interval. The report gives a complete evaluation on progress alternatives at regional ranges, new product launches, the most recent developments, and the post-pandemic restoration of the worldwide market. Download a Free PDF Sample Report

Regional Evaluation

Based mostly on area, the worldwide personal and public cloud market within the monetary companies trade is segmented into North America, APAC, Europe, South America, and the Center East and Africa. North America is estimated to contribute 37% to the expansion of the worldwide market over the forecast interval. The key customers of cloud computing companies within the area are the banking, monetary companies, insurance coverage, e-commerce, and telecommunications sectors.

Firm Profiles

The personal and public cloud market within the monetary companies trade report consists of info on the important thing merchandise and up to date developments of main distributors, together with:

• Accenture Plc: The corporate provides personal and public cloud companies such because the Accenture Cloud Platform.

• Alibaba Group Holding Ltd.: The corporate provides personal and public cloud companies reminiscent of Alibaba Cloud.

• Alphabet Inc.: The corporate provides personal and public cloud companies reminiscent of Google Cloud, which is appropriate for banking, capital markets, insurance coverage, and fee companies.

• Amazon.com Inc.: The corporate provides personal and public cloud companies reminiscent of AWS Cloud, which is appropriate for banking, funds, capital markets, and insurance coverage companies.

• Eze Fortress Integration Inc.: The corporate provides personal and public cloud companies reminiscent of ECI-managed cloud options.

• Fiserv Inc.

• Fujitsu Ltd.

• Hewlett Packard Enterprise Co.

• Huawei Applied sciences Co. Ltd.

• Infosys Ltd.

• To realize entry to extra vendor profiles obtainable with Technavio, buy the report!

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Market Dynamics

The market is pushed by elements such because the rising demand for nearly limitless storage and large information, elevated concentrate on value optimization and scaling computation, and excessive concentrate on sustainability utilizing inexperienced IT. Nevertheless, information safety and privateness are hindering market progress.

Aggressive Evaluation

The aggressive state of affairs categorizes corporations based mostly on varied efficiency indicators. A few of the elements thought-about embrace the monetary efficiency of corporations over the previous few years, progress methods, product improvements, new product launches, investments, progress in market share, amongst others. Request a Sample

Market Segmentation

• Based mostly on service sort, the market is segmented into SaaS, IaaS, and PaaS. The SaaS phase accounted for the most important share of the market in 2022.

• Based mostly on geography, the market is segmented into North America, APAC, Europe, South America, and Center East and Africa. North America held the most important share of the market in 2022.

Associated Experiences:

The public cloud services market dimension is projected to develop by USD 221.84 billion from 2021 to 2026, and the market’s progress momentum will decelerate at a CAGR of 19%. The rising adoption of IoT, ML, and large information is notably driving the general public cloud companies market progress, though elements reminiscent of vendor lock-ins could impede market progress.

The cloud storage services market dimension is projected to develop by USD 79.89 billion from 2021 to 2026, and the market’s progress momentum will speed up at a CAGR of 18.43%. The rising enterprise mobility and the necessity to enhance effectivity are notably driving the market progress, though elements reminiscent of vendor lock-in points could impede the market progress.

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What are the important thing information lined on this personal and public cloud market within the monetary companies trade report?

• CAGR of the personal and public cloud market within the monetary companies trade in the course of the forecast interval

• Detailed info on elements that can drive the expansion of the personal and public cloud market within the monetary companies trade between 2023 and 2027

• Exact estimation of the scale of the personal and public cloud market within the monetary companies trade and its contribution to the mother or father market

• Correct predictions about upcoming developments and modifications in shopper conduct

• Progress of the personal and public cloud market within the monetary companies trade throughout APAC, North America, Europe, Center East and Africa, and South America

• Thorough evaluation of the market’s aggressive panorama and detailed details about distributors

• Complete evaluation of things that can problem the expansion of personal and public cloud market within the monetary companies trade distributors

Browse Information Technology Market Experiences

Desk of contents:

1 Government Abstract

2 Market Panorama

3 Market Sizing

4 Historic Market Measurement

5 5 Forces Evaluation

6 Market Segmentation by Service Sort

7 Market Segmentation by Deployment

8 Buyer Panorama

9 Geographic Panorama

10 Drivers, Challenges, and Traits

11 Vendor Panorama

12 Vendor Evaluation

13 Appendix

About Us

Technavio is a number one world expertise analysis and advisory firm. Their analysis and evaluation concentrate on rising market developments and supply actionable insights to assist companies determine market alternatives and develop efficient methods to optimize their market positions. With over 500 specialised analysts, Technavio’s report library consists of greater than 17,000 stories and counting, protecting 800 applied sciences, spanning throughout 50 nations. Their consumer base consists of enterprises of all sizes, together with greater than 100 Fortune 500 corporations. This rising consumer base depends on Technavio’s complete protection, intensive analysis, and actionable market insights to determine alternatives in present and potential markets and assess their aggressive positions inside altering market eventualities.

Contact

Technavio Analysis
Jesse Maida
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US: +1 844 364 1100
UK: +44 203 893 3200
E mail: media@technavio.com
Web site: www.technavio.com/

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SOURCE Technavio