FinOps is an Emerging and Increasingly Important Concept that Facilitates Cloud Usage Optimization through Astute Cloud Financial Management
Cloud has emerged as the most significant facilitating technological force behind digitalization efforts across industries and geographies. Owing to inherent benefits related to scale and flexibility, the public cloud has witnessed rapid adoption and continues to enjoy increased uptake across enterprises and government entities.
Increased adoption of cloud services, in the form of complex hybrid architecture, has resulted in intricacies related to cloud financial management. This is where the FinOps concept and framework come in to address the requirements of cloud financial management in a structured manner.
The global FinOps ecosystem is expanding fast, with large cloud service providers, technology giants, and innovative start-ups coming up with advanced tools and solutions that cater to cloud financial management needs. Consequently, the market is expected to grow at a high rate over the next 3-5 years, creating multifarious opportunities for all value chain stakeholders.
This study delves deep into the FinOps framework and value chain and its constituents, and the aim is to unearth the key regional, sectoral, and technological nodes of the ecosystem and highlight the key organizations operating in it.
The study also provides an overview of the future roadmap and growth opportunities.
