Finance Cloud Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

  • Single User License $3500

Finance Cloud Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : July, 2020 | Technology & Media | PPT format

Report Digest


Global Finance Cloud Market: Snapshot

With the soaring need for effective customer management, the global market for finance cloud is expected to progress at a significant pace over the coming years. The growing popularity of cloud is leading to the increasing deployment of applications via the cloud platform, which in turn is stoking the growth of the global market. On the flip side, the growing concerns about conformity with regulations and lack of protection of intellectual property rights are inhibiting the growth of the market. Besides this, the high threat of cybercrimes and inconvenience in disaster recovery are keeping the market from realizing its full potential.

The high deployment cost of finance cloud makes it affordable only for large enterprises. However, as small and medium enterprises focus towards raising their games, the adoption of these models is estimated to gain traction in the near future. Moreover, market players are aiming at developing finance cloud models for SMEs, owing to the increasing pool of startups across the globe. Apart from this, key companies operating in the market are banking on technological advancements and product innovation to rise to the fore.

On the basis of services, the global finance cloud market can be segmented into professional services and managed services. The professional services segment will account for a substantial share in the market during the forecast period. Organizations worldwide are focusing towards offering specialized services to attain greater customer experience with better and faster operational efficiency and support. 

Global Finance Cloud Market: Overview 

Cloud finance refers to an accounting software that caters to the needs of small, medium, and large scale businesses. Cloud finance increases data accuracy, enables sharing of workflows, and streamlines approval procedures, thereby enhancing the overall efficiency of the business enterprise. 

Usage of finance cloud enables users to gain access to software applications remotely through the Internet or other networks. With the installation of finance cloud software, one is free from the necessity of installing and maintaining software on desktops, and is ensured that the data is safe. It is also possible to acquire visibility in the organization, apart from getting real-time reporting through finance cloud.

The finance cloud market report analyzes key market factors such as drivers and restraints, growth opportunities, and trends. The report also conveys information about market size, value chain analysis, market projections, supply and demand dynamics, and technological developments, among others. The major market players are analyzed wherein their share, business strategies, and product portfolios are discussed.

Global Finance Cloud Market: Drivers and Restraints                           

High levels of flexibility, accuracy, improved collaboration, easier global delivery, lower total cost of ownership, and multitasking capacity offered by finance cloud are some of the key factors driving the growth of the global finance cloud market. 

Unlike traditional finance systems, finance cloud does not require high maintenance as the cloud provider furnishes the backups, the system gets updated automatically, and no further installations are necessary. With finance cloud, there is no need of additional servers, patches, databases, failover, and upgrades. Furthermore, the installation of finance cloud ensures that there is no need of new hardware, expensive equipment, and licenses when a company grows, cutting down unnecessary costs and raising the demand for finance cloud. The aforementioned myriad of advantages offered by finance cloud are sure to boost the growth of the finance cloud market. 

On the other hand, high initial installation charges, coupled with inadequate skilled personnel, are some of the major challenges faced by the market for finance cloud.

The customer management segment is likely to enhance market growth in terms of application. The professional services segment is also slated to witness immense growth in the finance cloud market, accounting for a major share during the forecast period. 

Global Finance Cloud Market: Regional Outlook 

Based on geography, the global finance cloud market can be segmented into Europe, Asia Pacific, North America, the Middle East and Africa, and Latin America. North America is projected to register impressive growth in the global market for finance cloud. Factors such as significant reduction in CapEx spending, expansive Internet penetration, booming IT sector, and growth of a stable economy are responsible for North America’s prominence. 

Asia Pacific is slated to manifest increased demand for finance cloud over the forecast period due to the high rate of adoption of finance cloud by large as well as small businesses. Moreover, growing inclination of several end users towards innovation and infrastructural development will boost the Asia Pacific market. 

Companies Mentioned in the Report 

The major companies operating in the finance cloud market include Amazon, International Business Machines (IBM), Computer Sciences Corporation (CSC), Salesforce.com, Oracle, Capgemini, and Google. The leading companies have been continuously working on penetrating newer markets and providing impeccable customer service in order to gain more profit. Therefore, the competition between the market players is likely to intensify over the coming years.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.