Cloud Computing Banking Market By Service Model (Infrastructure as a service (IaaS), Platform as a service (PaaS), Software as a service (SaaS)), By Deployment Mode (Public Cloud, Private Cloud, Hybrid Cloud), By Application (Fraud Detection and Prevention, Customer Relationship Management (CRM), Human Resource Management, Core Banking, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
Cloud adapting in banking and financial services involves the on-demand delivery of combined computing services, including data storage, services, data analytics, communication and networking, and applications. In this way, banks can quickly create tailor-made solutions on software infrastructure that regulates day-to-day operations.
Increase in adoption of cloud-based fintech solutions by banks and rising popularity of advanced technologies is boosting the growth of the global cloud computing banking market. in addition, increase in use of digital transformation technology the positively impacts growth of the cloud computing banking market. However, lack of technical proficiency for implementing cloud computing solutions and increasing security concerns is hampering the cloud computing banking market growth. On the contrary, increase in adoption of Artificial Intelligence based banking system is expected to offer remunerative opportunities for expansion of the cloud computing banking market during the forecast period.
The cloud computing banking market is segmented on the basis of service model, deployment mode, application, and region. On the basis of service model, the market is categorized into infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). On the basis of deployment mode, the market is fragmented into public cloud, private cloud, and hybrid cloud. By application, it is classified into fraud detection & prevention, customer relationship management (CRM), human resource management, core banking, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the cloud computing banking market are Amazon Web Services, Microsoft Corporation, IBM Corporation, Google LLC, Oracle Corporation, Salesforce.com Inc., Alibaba Cloud Computing Ltd., VMware, SAP SE, and Dell Technologies. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits for StakeholdersThe study provides an in-depth analysis of the global cloud computing banking market forecast along with the current and future trends to explain the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on global cloud computing banking market trend is provided in the report.
The Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2023 to 2032 is provided to determine the market potential.
Product Life Cycles
Upcoming/New Entrant by Regions
Go To Market Strategy
Additional country or region analysis- market size and forecast
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
SWOT Analysis
Volume Market Size and Forecast
Key Market SegmentsBy Service ModelInfrastructure as a service (IaaS)
Platform as a service (PaaS)
Software as a service (SaaS)
By Deployment ModePublic Cloud
Private Cloud
Hybrid Cloud
By ApplicationFraud Detection and Prevention
Customer Relationship Management (CRM)
Human Resource Management
Core Banking
Others
By RegionNorth America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersGoogle LLC
Salesforce.com Inc.
IBM Corporation
SAP SE
VMware
Amazon Web Services
Alibaba Cloud Computing Ltd.
Microsoft Corporation
Oracle Corporation
Dell Technologies
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