Financial Cloud is an integrated platform that enables users to automate, streamline, simplify, and value various financial operations using core information technology (IT) and flexible software-as-a-service (SaaS) solutions. These are usually offered on a subscription basis and help avoid large up-front investments in system software, computer hardware, and software licenses for accounting applications. It is being adopted by major financial organizations around the world because the financial cloud offers a higher return on investment (ROI), multidimensional financial analytics, and mobile access to enterprise collaboration.
According to AMA, the market for Finance Cloud is expected to register a CAGR of 24.42% during the forecast period to 2027.
|High Growth Market||Asia Pacific|
|Unit||Value (USD Million)|
|Key Companies Profiled||Oracle Corporation (United States), Google, Inc. (United States), International Business Machines (United States), Amazon Web Services Inc. (United States), SAP SE Inc. (Germany), Computer Sciences Corporation (United States), Microsoft Corporation (United States), Huawei Technologies Co., Ltd (China), Capgemini (France) and Salesforce.com (United States)|
This growth is primarily driven by Fueling Necessity of Customer Management and Business Management and Cloud help in Data Storage of Banking, Financial services and Insurance Industries.
Globally, a noticeable market trend is evident Increasing Demand in Capital Expenditure (CAPEX) and Operational Expenditure (OPEX)
The Financials sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Oracle Corporation (United States), Google, Inc. (United States), International Business Machines (United States), Amazon Web Services Inc. (United States), SAP SE Inc. (Germany), Computer Sciences Corporation (United States), Microsoft Corporation (United States), Huawei Technologies Co., Ltd (China), Capgemini (France) and Salesforce.com (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. cloud is the most innovative insurance as well as banking market which has the potential for the largest impact on the industry in the near future. cloud-based automation will reduce manual work across operations. And the Key players the financial cloud market will have various strategies and new ideas to will enhance its efficiency and profitability.
Key Developments in the Market:
On 17th September 2019, Oracle has announced the availability of its first Oracle Analytics for Applications offering, designed for the Fusion Cloud enterprise resource planning applications, Oracle ERP Cloud, that companies use to run financial processes. and On 9th May 2018, Google has acquired Israel-based Velostrata, a leader in enterprise cloud migration technology.
On 29th May 2018, AT&T and Google Cloud are together cloud to join customers to the cloud through new launched AT&T NetBond. The new partnership makes G Suite, Google's cloud-based productivity suite for business including Gmail, Docs, and Drive, available through AT&T CollaborateSM. and On 23 October 2018, Oracle has announced that the number of enterprises implemented a combination of oracle cloud applications and platforms including Ebates, Mitsubishi Electric, Solairus Aviation.
Increasing Demand in Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) and Growing Environmental Concern
Market Growth Drivers:
Fueling Necessity of Customer Management and Business Management and Cloud help in Data Storage of Banking, Financial services and Insurance Industries
Increasing number of Cyber Crime, Third Party Services and Carousing among the Key Players
Deficiency of skilled IT Professional and Government Rules and Regulations
Development in Application using Cloud
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Finance Cloud Market
- Analysis about New Entrants in Finance Cloud Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Finance Cloud Study Sheds Light on
The Finance Cloud Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Finance Cloud industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Finance Cloud industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.