Global Private and Public Cloud Market in the Financial Services Industry Market 2024-2028

Private And Public Cloud Market In The Financial Services Industry 2024-2028

The private and public cloud market in the financial services industry is forecasted to grow by USD 106.43 bn during 2023-2028, accelerating at a CAGR of 19% during the forecast period. The report on the private and public cloud market in the financial services industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for virtually unlimited storage and big data, increased focus on cost optimization and scaling computation, and high focus on sustainability using green IT.

Technavio's private and public cloud market in the financial services industry is segmented as below:

By Service Type

• SaaS
• IaaS
• PaaS

By Deployment

• Public cloud
• Private cloud

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the development of openstack as one of the prime reasons driving the private and public cloud market in the financial services industry growth during the next few years. Also, emergence of blockchain technology and increasing adoption of market intelligence in financial firms will lead to sizable demand in the market.

The report on the private and public cloud market in the financial services industry covers the following areas:

• Private and public cloud market in the financial services industry sizing
• Private and public cloud market in the financial services industry forecast
• Private and public cloud market in the financial services industry industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading private and public cloud market in the financial services industry vendors that include Akamai Technologies Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., Equinix Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Juniper Networks Inc., Microsoft Corp., NetApp Inc., Oracle Corp., Rackspace Technology Inc., Salesforce Inc., SAP SE, SS and C Technologies Holdings Inc., Temenos AG, and VMware Inc.. Also, the private and public cloud market in the financial services industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.