Global Private and Public Cloud Market in the Financial Services Industry 2016-2020

  • ID: 3832383
  • Report
  • Region: Global
  • 107 pages
  • TechNavio
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FEATURED COMPANIES

  • Accenture
  • Box
  • Eze Castle Integration
  • Google
  • IBM
  • Microsoft
  • MORE
About Financial Services

Financial services are the services offered by the financial sector to help credit companies, insurance companies, account companies, banks, investment fund firms, and finance firms to manage capital. The financial services industry is shifting toward the adoption of cloud for business operations to avoid IT infrastructure costs and operational expenditure.

Cloud improves performance, increases efficiency, and ensures the security of business operations and business data. There are many vendors offering cloud-based solutions to financial services based on their business requirements. Both private and public cloud solutions are used in the financial services industry. Private cloud solutions are used more often by financial institutions as they offer better security of financial data, flexibility when expanding their operations, and customization based on business requirements.

The analysts forecast the global private and public cloud market in financial services industry to grow at a CAGR of 13.12% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global private and public cloud market in financial services industry for 2016-2020. To calculate the market size, the report considers the revenue generated from solutions and the fee charged for subscription of the public and private cloud for financial services.

The market is divided into the following segments based on geography:

- Americas
- APAC
- EMEA

The report, Global Private and Public Cloud Market in Financial Services Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- AWS
- CSC
- Eze Castle Integration
- Fujitsu
- Google
- IBM
- Jack Henry & Associates
- Microsoft
- Oracle
- Rackspace
- Red Hat
- Salesforce.com
- VMware

Other prominent vendors
- Accenture
- Alibaba Group Holding
- Box
- EMC
- Fiserv
- HPE
- Huawei Technologies
- Infosys
- SAP

Market drivers
- Growing demand for virtually unlimited storage and big data

Market challenges
- Data security and privacy

Market trends
- Development of OpenStack

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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FEATURED COMPANIES

  • Accenture
  • Box
  • Eze Castle Integration
  • Google
  • IBM
  • Microsoft
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market segmentation
  • Vendors
  • Review period
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market description
  • Services offered by financial companies
  • Types of financial services
  • Steps of cloud implementation in financial services organizations
  • Cloud adoption in financial services industry
  • Advantages of cloud adoption in financial services industry
PART 06: Market landscape
  • Market overview
  • Market size and forecast
  • Global private cloud market in financial services industry
  • Global public cloud market in financial services industry
PART 07: Market segmentation by service type
  • Global private and public cloud market in financial services industry by service type
PART 08: Geographical segmentation
  • Geographical segmentation of global private and public cloud market in financial services industry
  • Americas
  • EMEA
  • APAC
PART 09: Buying criteria
  • Buying criteria
PART 10: Market drivers
  • Growing demand for virtually unlimited storage and big data
  • Increased focus on cost optimization and scaling computation
  • High focus on sustainability using green IT
  • Increased need to improve agility of financial firms
PART 11: Impact of drivers

PART 12: Market challenges
  • Data security and privacy
  • Increasing regulatory compliance
PART 13: Impact of drivers and challenges

PART 14: Market trends
  • Development of OpenStack
  • Emergence of blockchain technology
  • Increasing adoption of market intelligence in financial firms
PART 15: Five forces model
  • Five forces model
PART 16: Vendor landscape
  • Competitive scenario
  • Vendor matrix
PART 17: Key vendor analysis
  • Key vendor offerings
  • Key vendor profiles
  • Other prominent vendors
PART 18: Appendix
  • List of abbreviations
PART 19: About the Author

List of Exhibits

Exhibit 01: Countries covered for market analysis
Exhibit 02: Services offered by financial companies
Exhibit 03: Importance of cloud computing in financial services industry
Exhibit 04: Cloud implementation in financial services organizations
Exhibit 05: Comparison of cloud deployment phases
Exhibit 06: Advantages of cloud in financial services industry
Exhibit 07: Global private and public cloud market in financial services industry 2015-2020 ($ billions)
Exhibit 08: Global private cloud market in financial services industry 2015-2020 ($ billions)
Exhibit 09: Global public cloud market in financial services industry 2015-2020 ($ billions)
Exhibit 10: Global private and public cloud market in financial services industry: SaaS 2015-2020 ($ billions)
Exhibit 11: Global private and public cloud market in financial services industry: IaaS 2015-2020 ($ billions)
Exhibit 12: Global private and public cloud market in financial services industry: PaaS 2015-2020 ($ billions)
Exhibit 13: Global private and public cloud market in financial services industry by geography (% share)
Exhibit 14: Private and public cloud market in financial services industry in Americas 2015-2020 ($ billions)
Exhibit 15: Private and public cloud market in financial services industry in EMEA 2015-2020 ($ billions)
Exhibit 16: Private and public cloud market in financial services industry in APAC 2015-2020 ($ billions)
Exhibit 17: Buying criteria for private and public cloud services
Exhibit 18: Impact of drivers
Exhibit 19: High-profile data breaches in financial firms 2014 and 2015
Exhibit 20: Cost implications of data breach for financial services industry
Exhibit 21: Global data privacy laws
Exhibit 22: Impact of drivers and challenges
Exhibit 23: Major vendors of global private and public cloud market in financial services industry
Exhibit 24: Leading vendors of global public and private cloud market in financial services industry
Exhibit 25: Competitive differentiators for vendors
Exhibit 26: Private and public cloud features provided by vendors
Exhibit 27: Private and public cloud features provided by vendors (continued)
Exhibit 28: Geographical presence of private and public cloud vendors
Exhibit 29: Geographical presence of private and public cloud vendors (continued)
Exhibit 30: Customer base of private and public cloud vendors
Exhibit 31: Customer base of private and public cloud vendors (continued)
Exhibit 32: Product offerings
Exhibit 33: AWS: Company information
Exhibit 34: AWS: Other financial services customers
Exhibit 35: AWS: Key products and features
Exhibit 36: Recent developments
Exhibit 37: CSC: Company information
Exhibit 38: Eze Castle Integration: Company information
Exhibit 39: Eze Castle Integration: Cloud solution categories and their features
Exhibit 40: Eze Castle Integration: Key products and features
Exhibit 41: Fujitsu: Company information
Exhibit 42: Recent developments
Exhibit 43: Google: Company information
Exhibit 44: Google: Key products and sub-products
Exhibit 45: IBM: Company information
Exhibit 46: IBM: Financial services customers
Exhibit 47: IBM: Key products and features
Exhibit 48: Jack Henry & Associates: Company information
Exhibit 49: Jack Henry & Associates: Key products and features
Exhibit 50: Microsoft: Company information
Exhibit 51: Microsoft: Financial Services Customers
Exhibit 52: Features of the Microsoft Azure
Exhibit 53: Recent developments
Exhibit 54: Oracle: Company information
Exhibit 55: Oracle: Financial services customers
Exhibit 56: Recent developments
Exhibit 57: Rackspace: Company information
Exhibit 58: Rackspace: Financial services customers
Exhibit 59: Recent developments
Exhibit 60: Red Hat: Company information
Exhibit 61: Recent development
Exhibit 62: Salesforce.com: Company information
Exhibit 63: Financial services customers of Salesforce.com
Exhibit 64: VMware: Company information
Exhibit 65: VMware: Key products and features 0
Exhibit 66: Other prominent vendors
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FEATURED COMPANIES

  • Accenture
  • Box
  • Eze Castle Integration
  • Google
  • IBM
  • Microsoft
  • MORE
New Report Released: - Global Private and Public Cloud Market in Financial Services Industry 2016-2020

The author of the report recognizes the following companies as the key players in the global private and public cloud market in financial services industry: AWS, CSC, Eze Castle Integration, Fujitsu, Google, IBM, Jack Henry & Associates, Microsoft, Oracle, Rackspace, Red Hat, Salesforce.com, and VMware

Other Prominent Vendors in the market are: Accenture, Alibaba Group Holding, Box, EMC, Fiserv, HPE, Huawei Technologies, Infosys, and SAP

Commenting on the report, an analyst from the research team said that development of OpenStack is one of the trends spurring growth for the market. OpenStack is an open-source cloud-based computing technology started as a joint project by Rackspace and NASA in 2010. The technology involves a set of software tools that help manage and build cloud-computing platforms in the cloud. The open-source software is backed by major companies and many individual community members are involved in software development and hosting. OpenStack is considered the future of cloud computing.

According to the report, growing demand for virtually unlimited storage and big data is a key driver aiding to the growth of this market. Financial services are one of the most data-intensive industries. They are built on large IT infrastructures that process substantial volumes of data on a daily basis. A large amount of data is produced by financial firms through numerous sources such as online loan application data, bank transactions data, and stock and commodities trading. Financial institutions also need to gather and interpret unstructured and social data from sources such as the internet, mobile devices, and social media to gain advanced operational insights.

Further, the report states that data security and privacy is challenge the market is facing. The operational structure of financial services institutions makes it necessary for institutions to have strict data security standards compared with other industries. The increase in data privacy regulations and potential reputational menaces related to data breaches increase the demand for the data privacy policy. To explore emerging growth opportunities, financial firms need to be flexible in sharing confidential customer data between different branches, partners, or third parties, without compromising on compliance with regulations and the company’s reputation.

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 a SWOT analysis of the key vendors.
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- AWS
- CSC
- Eze Castle Integration
- Fujitsu
- Google
- IBM
- Jack Henry & Associates
- Microsoft
- Oracle
- Rackspace
- Red Hat
- Salesforce.com
- Vmware
- Accenture
- Alibaba Group Holding
- Box
- EMC
- Fiserv
- HPE
- Huawei Technologies
- Infosys
- SAP
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