조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2023년10월
Finance Cloud Market – Global Forecast to 2028
금융 클라우드 (Finance Cloud) 시장 : 제공 내용 [솔루션(재무 예측, 재무 보고 및 분석, 보안, GRC) 및 서비스], 용도, 도입 모델, 조직 규모(대기업, 중소기업), 최종 사용자, 지역별 – 2028년까지 세계 예측
Finance Cloud Market by Offering (Solutions (Financial Forecasting, Financial Reporting & Analysis, Security, GRC) and Services), Application, Deployment Model, Organization Size (Large Enterprises, SMEs), End User and Region – Global Forecast to 2028
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Report Overview
The Finance Cloud market size is expected to grow from USD 135.6 billion in 2023 to USD 268.1 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period. The surge in demand for digital services, cost savings, scalability, access to innovative technologies, and Industry 4.0 offer opportunities to grow the Finance Cloud market. The lack of a skilled workforce poses a significant challenge to the growth of the Finance Cloud market.
“By deployment model, the private cloud segment to have the second highest growth rate during the forecast period.“
A private cloud deployment model is a cloud computing environment exclusively used by a single organization or entity. Unlike public clouds, private clouds are not shared with other organizations and can be hosted on-premises or by a third-party cloud provider. Private clouds provide greater control, security, and customization than public clouds, making them ideal for organizations with specific data privacy, security, and compliance requirements. An example of a private cloud solution is VMware Cloud Foundation, which enables organizations to create a software-defined data center (SDDC) using their hardware or a partner’s infrastructure. This private cloud offering includes virtualization, computing, storage, and network resources, all managed through VMware’s software stack.
“By solutions, the financial forecasting segment is projected to witness a higher market share during the forecast period. “
Financial forecasting solutions involve predicting an organization’s future financial performance using cloud-based technologies and tools. This process includes analyzing historical financial data, market trends, economic indicators, and various financial metrics to generate accurate revenues, expenses, profits, and cash flow projections. Cloud-based platforms offer a centralized and scalable environment for managing vast financial information from various sources. They provide real-time data access, automation, and advanced analytics capabilities; this enables finance professionals to generate accurate reports, perform in-depth financial analysis, and extract valuable insights to support decision-making. Cloud computing solutions for financial services are scalable and cost-effective, making it possible to store vast amounts of data generated by financial transactions, reports, and documents. These solutions offer features like data encryption, access controls, and versioning to ensure data security.
“By application, the customer management segment is projected to record the highest CAGR during the forecast period.”
Managing customers in the finance cloud involves using cloud-based technologies and tools to effectively oversee and interact with clients or customers of financial institutions. These solutions provide a centralized platform for securely managing client information, interactions, and transactions. Cloud-based customer management systems often include features such as client data storage, contact management, communication tracking, and account history. With the scalability and accessibility of the cloud, financial institutions can offer personalized and responsive customer service, streamline client onboarding, and provide clients with real-time access to their financial information. The goal of customer management in the finance cloud is to enhance client satisfaction, foster long-term relationships, and provide clients with the tools and resources they need to manage their finances effectively.
The breakup of the profiles of the primary participants is below:
§ By Company Type: Tier I: 22%, Tier II: 30%, and Tier III: 48%
§ By Designation: C-Level Executives: 30%, Director Level: 45%, and *Others: 25%
§ By Region: North America: 28%, Europe: 25%, Asia Pacific: 35%, **RoW: 12%
* Others include sales managers, marketing managers, and product managers
**RoW include Middle East & Africa and Latin America
Note: Tier 1 companies have revenues of more than USD 100 million; tier 2 companies’ revenue ranges from USD 10 million to USD 100 million; and tier 3 companies’ revenue is less than 10 million
Source: Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis
Some of the key players operating in the Finance Cloud market are – IBM (US), SAP (Germany), Google (US), Microsoft (US), Salesforce (US), AWS (US), Oracle (US), Alibaba Cloud (China), Tencent Cloud (China), and Workday (US).
Research coverage:
The market study covers the Finance Cloud market across segments. It aims to estimate the market size and the growth potential of this market across different segments, such as offering, deployment model, organization size, end user, and region. It includes an in-depth competitive analysis of the key players in the market, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Reasons to buy this report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall Finance Cloud market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (increased adoption of cloud computing services due to rise in remote workforce count, personalized customer experience, requirement for disaster recovery and contingency plan), restraints (protection of Intellectual Property Rights (IPR), lack of appropriate technical knowledge and expertise), opportunities (increasing government initiatives boosting innovations and implementation of the offerings of financial cloud market, deployment of applications over cloud), and challenges (higher dependence on network, issues with interoperability and flexibility) influencing the growth of the Finance Cloud market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Finance Cloud market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the Finance Cloud market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Finance Cloud market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like AWS, IBM, Google, Salesforce, Microsoft, and SAP in the Finance Cloud market.
Table of Contents
1 INTRODUCTION 26
1.1 STUDY OBJECTIVES 26
1.2 MARKET DEFINITION 26
1.2.1 INCLUSIONS AND EXCLUSIONS 27
1.3 MARKET SCOPE 27
1.3.1 MARKET SEGMENTATION 28
1.3.2 REGIONS COVERED 28
1.3.3 YEARS CONSIDERED 29
1.4 CURRENCY 29
TABLE 1 USD EXCHANGE RATES, 2018–2022 30
1.5 STAKEHOLDERS 30
1.6 SUMMARY OF CHANGES 30
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 1 FINANCE CLOUD MARKET: RESEARCH DESIGN 33
2.1.1 SECONDARY DATA 34
2.1.2 PRIMARY DATA 34
2.1.2.1 Breakup of primary profiles 35
FIGURE 2 BREAKUP OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 35
2.1.2.2 Key industry insights 35
2.2 DATA TRIANGULATION 36
2.3 MARKET SIZE ESTIMATION 37
FIGURE 3 FINANCE CLOUD MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES 37
FIGURE 4 APPROACH 1 (SUPPLY SIDE): REVENUE OF SERVICES FROM FINANCE CLOUD VENDORS 38
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY – BOTTOM-UP APPROACH (SUPPLY SIDE): COLLECTIVE REVENUE OF FINANCE CLOUD VENDORS 39
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY – (SUPPLY SIDE): ILLUSTRATION OF VENDOR REVENUE ESTIMATION 40
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 2 (DEMAND SIDE): REVENUE GENERATED FROM FINANCE CLOUD OFFERINGS 40
FIGURE 8 APPROACH 2 (DEMAND SIDE): REVENUE GENERATED FROM DIFFERENT SEGMENTS 41
2.4 MARKET FORECAST 41
TABLE 2 FACTOR ANALYSIS 41
2.5 IMPACT OF RECESSION 42
TABLE 3 RECESSION IMPACT 42
2.6 ASSUMPTIONS 43
2.7 LIMITATIONS 45
3 EXECUTIVE SUMMARY 46
3.1 OVERVIEW OF RECESSION IMPACT 47
FIGURE 9 FINANCE CLOUD MARKET: RECESSION IMPACT 48
FIGURE 10 TOP-GROWING SEGMENTS IN FINANCE CLOUD MARKET 48
4 PREMIUM INSIGHTS 50
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR KEY PLAYERS IN FINANCE CLOUD MARKET 50
FIGURE 11 FOCUS ON ENHANCING ENTERPRISE CUSTOMER EXPERIENCE AND SIMPLIFYING INFORMATION TECHNOLOGY OPERATIONS WORKFLOW TO DRIVE ADOPTION OF FINANCE CLOUD 50
4.2 FINANCE CLOUD MARKET, BY OFFERING, 2023 VS. 2028 51
FIGURE 12 SOLUTIONS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD 51
4.3 FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2023 VS. 2028 51
FIGURE 13 PUBLIC CLOUD SEGMENT TO HOLD LARGEST MARKET SHARE IN 2023 51
4.4 FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023 VS. 2028 52
FIGURE 14 LARGE ENTERPRISES SEGMENT TO HOLD LARGER MARKET SHARE IN 2023 52
4.5 FINANCE CLOUD MARKET, BY END USER, 2023 VS. 2028 52
FIGURE 15 BANKS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 52
4.6 FINANCE CLOUD MARKET: REGIONAL SCENARIO, 2023–2028 53
FIGURE 16 ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS 53
5 MARKET OVERVIEW AND INDUSTRY TRENDS 54
5.1 INTRODUCTION 54
5.2 MARKET DYNAMICS 54
FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: FINANCE CLOUD MARKET 54
5.2.1 DRIVERS 55
5.2.1.1 Rising adoption of cloud computing services due to growing remote workforce count 55
5.2.1.2 Compliance with stringent industry regulations 55
5.2.1.3 Personalized customer experience 55
5.2.1.4 Need for disaster recovery and contingency plans 56
5.2.2 RESTRAINTS 56
5.2.2.1 Protection of Intellectual Property Rights (IPR) 56
FIGURE 18 ENTERPRISE SECURITY ISSUES 56
5.2.2.2 Rise in new regulations and financial standards 56
5.2.2.3 Lack of technical knowledge and expertise 57
5.2.3 OPPORTUNITIES 57
5.2.3.1 Increasing government initiatives 57
5.2.3.2 Evolution of AI and ML 57
5.2.3.3 Deployment of applications via cloud 57
5.2.4 CHALLENGES 58
5.2.4.1 High dependency on networks 58
5.2.4.2 Issues with interoperability and flexibility 58
5.2.4.3 Effective management of associated cost 58
5.3 CASE STUDY ANALYSIS 59
5.3.1 CASE STUDY 1: ORACLE HELPED FINANCIAL INSTITUTION TO BUILD UNIFIED PLATFORM 59
5.3.2 CASE STUDY 2: MICROSOFT RENOVATED BANKING ARCHITECTURE AND CUSTOMER UI/UX CAPABILITIES 60
5.3.3 CASE STUDY 3: HUAWEI ENABLED BFSI GIANT TO STREAMLINE OPERATIONS 60
5.3.4 CASE STUDY 4: CAPGEMINI ENABLED EFFECTIVE AND EFFICIENT AUTOMATION FOR CONSTRUCTION VENDOR 61
5.3.5 CASE STUDY 5: ALIBABA ENABLED OPTIMIZATION OF RESOURCES AND FLASH TURNAROUND TIME TO PSX 61
5.4 ECOSYSTEM 62
FIGURE 19 FINANCE CLOUD MARKET: ECOSYSTEM 62
TABLE 4 FINANCE CLOUD MARKET: COMPANIES AND THEIR ROLE IN ECOSYSTEM 62
5.5 VALUE CHAIN ANALYSIS 63
FIGURE 20 FINANCE CLOUD MARKET: VALUE CHAIN 64
5.6 TECHNOLOGY ANALYSIS 64
5.6.1 ARTIFICIAL INTELLIGENCE 64
5.6.2 BIG DATA 64
5.6.3 INTERNET OF THINGS 65
5.6.4 DATA ANALYTICS 65
5.6.5 MACHINE LEARNING 66
5.6.6 5G 66
5.7 PRICING ANALYSIS 66
5.7.1 AVERAGE SELLING PRICE TREND 67
5.8 FINANCE CLOUD MARKET: BUSINESS MODEL ANALYSIS 68
FIGURE 21 BUSINESS MODEL: FINANCE CLOUD MARKET 68
5.9 PATENT ANALYSIS 69
FIGURE 22 NUMBER OF PATENTS PUBLISHED, 2012–2023 69
FIGURE 23 TOP FIVE PATENT OWNERS (GLOBAL) 70
TABLE 5 TOP TEN PATENT OWNERS 70
TABLE 6 PATENTS GRANTED TO VENDORS IN FINANCE CLOUD MARKET 71
5.10 PORTER’S FIVE FORCES ANALYSIS 75
FIGURE 24 FINANCE CLOUD MARKET: PORTER’S FIVE FORCES ANALYSIS 75
TABLE 7 FINANCE CLOUD MARKET: PORTER’S FIVE FORCES ANALYSIS 75
5.10.1 THREAT OF NEW ENTRANTS 76
5.10.2 THREAT OF SUBSTITUTES 76
5.10.3 BARGAINING POWER OF SUPPLIERS 76
5.10.4 BARGAINING POWER OF BUYERS 77
5.10.5 INTENSITY OF COMPETITIVE RIVALRY 77
5.11 REGULATIONS 77
5.11.1 NORTH AMERICA 77
TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
5.11.2 EUROPE 78
TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
5.11.3 ASIA PACIFIC 79
TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
5.11.4 REST OF THE WORLD 80
TABLE 11 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80
5.12 KEY CONFERENCES AND EVENTS IN 2023–2024 81
5.13 FINANCE CLOUD MARKET: DETAILED LIST OF CONFERENCES AND EVENTS, 2023–2024 81
5.14 EMERGING TRENDS IN FINANCE CLOUD MARKET 82
FIGURE 25 MAJOR YCC TRENDS TO DRIVE FUTURE REVENUE PROSPECTS IN FINANCE CLOUD MARKET 82
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 83
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 83
FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USERS 83
TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USERS (IN %) 83
5.15.2 BUYING CRITERIA 84
FIGURE 27 KEY BUYING CRITERIA FOR TOP END USERS 84
TABLE 13 KEY BUYING CRITERIA FOR TOP END USERS 84
6 FINANCE CLOUD MARKET, BY OFFERING 85
6.1 INTRODUCTION 86
6.1.1 OFFERING: FINANCE CLOUD MARKET DRIVERS 86
FIGURE 28 SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 87
TABLE 14 FINANCE CLOUD MARKET, BY OFFERING, 2019–2022 (USD MILLION) 87
TABLE 15 FINANCE CLOUD MARKET, BY OFFERING, 2023–2028 (USD MILLION) 87
6.2 SOLUTIONS 88
FIGURE 29 SECURITY SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 88
TABLE 16 FINANCE CLOUD MARKET, BY SOLUTION, 2019–2022 (USD MILLION) 88
TABLE 17 FINANCE CLOUD MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 89
TABLE 18 SOLUTIONS: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 89
TABLE 19 SOLUTIONS: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 89
6.2.1 FINANCIAL FORECASTING 90
6.2.1.1 Organizations to utilize financial forecasting to make data-driven decisions that can impact financial health positively 90
TABLE 20 FINANCIAL FORECASTING: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 90
TABLE 21 FINANCIAL FORECASTING: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 90
6.2.1.2 Budgeting & Planning 91
6.2.1.3 Cash Flow Forecasting 91
6.2.1.4 Revenue Forecasting 91
6.2.1.5 Other Financial Forecasting Solutions 91
6.2.2 FINANCIAL REPORTING & ANALYSIS 92
6.2.2.1 Finance cloud solutions to offer real-time reporting capabilities, enabling organizations to access up-to-the-minute financial data 92
TABLE 22 FINANCIAL REPORTING & ANALYSIS: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 92
TABLE 23 FINANCIAL REPORTING & ANALYSIS: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 92
6.2.2.2 Financial Reporting 93
6.2.2.3 Business Intelligence (BI) & Analytics 93
6.2.2.4 Performance Analytics 93
6.2.2.5 Other Financial Reporting & Analysis Solutions 93
6.2.3 SECURITY 94
6.2.3.1 Financial organizations to adopt advanced security solutions to combat evolving cybersecurity threats 94
TABLE 24 SECURITY: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 94
TABLE 25 SECURITY: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 94
6.2.3.2 Data Encryption & Protection 95
6.2.3.3 Identity & Access Management (IAM) 95
6.2.3.4 Security Information & Event Management (SIEM) 95
6.2.3.5 Other Security Solutions 95
6.2.4 GOVERNANCE, RISK, AND COMPLIANCE (GRC) 96
6.2.4.1 GRC solutions to enable organizations to stay up-to-date with regulatory changes and streamline compliance efforts 96
TABLE 26 GOVERNANCE, RISK, AND COMPLIANCE (GRC): FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 96
TABLE 27 GOVERNANCE, RISK, AND COMPLIANCE (GRC): FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 97
6.2.4.2 Risk Management 97
6.2.4.3 Compliance Management 97
6.2.4.4 Audit Management 97
6.2.4.5 Other GRC Solutions 98
6.2.5 OTHER SOLUTIONS 98
TABLE 28 OTHER SOLUTIONS: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 99
TABLE 29 OTHER SOLUTIONS: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 99
6.3 SERVICES 99
FIGURE 30 MANAGED SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 100
TABLE 30 FINANCE CLOUD MARKET, BY SERVICE, 2019–2022 (USD MILLION) 100
TABLE 31 FINANCE CLOUD MARKET, BY SERVICE, 2023–2028 (USD MILLION) 100
TABLE 32 SERVICES: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 101
TABLE 33 SERVICES: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 101
6.3.1 PROFESSIONAL SERVICES 101
6.3.1.1 Lack of in-house expertise and increasing complexity of cloud ecosystems to fuel demand for professional services 101
TABLE 34 PROFESSIONAL SERVICES: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 102
TABLE 35 PROFESSIONAL SERVICES: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 102
6.3.1.2 Consulting 102
6.3.1.3 Deployment & Integration 103
6.3.1.4 Training & Support 103
6.3.2 MANAGED SERVICES 103
6.3.2.1 Managed services to enable financial organizations to focus on core competencies instead of managing complex IT infrastructure 103
TABLE 36 MANAGED SERVICES: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 103
TABLE 37 MANAGED SERVICES: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 104
6.3.2.2 Managed Cloud Infrastructure Services 104
6.3.2.3 Managed Network Services 104
6.3.2.4 Managed Security Services 104
6.3.2.5 Other Managed Services 105
7 FINANCE CLOUD MARKET, BY APPLICATION 106
7.1 INTRODUCTION 107
7.1.1 APPLICATION: FINANCE CLOUD MARKET DRIVERS 107
FIGURE 31 CUSTOMER MANAGEMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 108
TABLE 38 FINANCE CLOUD MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 108
TABLE 39 FINANCE CLOUD MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 108
7.2 REVENUE MANAGEMENT 109
7.2.1 BUSINESSES INCREASINGLY RELYING ON DATA-DRIVEN REVENUE MANAGEMENT TO INCREASE PROFITABILITY AND COMPETITIVENESS 109
TABLE 40 REVENUE MANAGEMENT: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 109
TABLE 41 REVENUE MANAGEMENT: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 109
7.2.2 BILLING & INVOICING 110
7.2.3 SUBSCRIPTION MANAGEMENT 110
7.2.4 REVENUE FORECASTING & ANALYSIS 110
7.2.5 OTHER REVENUE MANAGEMENT APPLICATIONS 110
7.3 WEALTH MANAGEMENT 111
7.3.1 CLIENTS’ DEMAND FOR TAILORED INVESTMENT STRATEGIES AND FINANCIAL ADVICE TO DRIVE GROWTH OF WEALTH MANAGEMENT 111
TABLE 42 WEALTH MANAGEMENT: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 111
TABLE 43 WEALTH MANAGEMENT: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 111
7.3.2 PORTFOLIO MANAGEMENT 112
7.3.3 FINANCIAL PLANNING 112
7.3.4 RISK & COMPLIANCE MANAGEMENT 112
7.3.5 OTHER WEALTH MANAGEMENT APPLICATIONS 112
7.4 ACCOUNT MANAGEMENT 113
7.4.1 DEMAND FOR MORE CONVENIENT AND SELF-SERVICE ACCOUNT MANAGEMENT WITH INCREASING DIGITALIZATION OF FINANCIAL SERVICES TO DRIVE GROWTH 113
TABLE 44 ACCOUNT MANAGEMENT: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 113
TABLE 45 ACCOUNT MANAGEMENT: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 114
7.4.2 CLIENT ONBOARDING 114
7.4.3 ACCOUNT MAINTENANCE & SUPPORT 114
7.4.4 ACCOUNT ANALYTICS & REPORTING 114
7.4.5 OTHER ACCOUNT MANAGEMENT APPLICATIONS 115
7.5 CUSTOMER MANAGEMENT 115
7.5.1 CUSTOMER EXPECTATIONS FOR SEAMLESS INTERACTIONS WITH FINANCIAL INSTITUTIONS TO DRIVE GROWTH OF CUSTOMER MANAGEMENT 115
TABLE 46 CUSTOMER MANAGEMENT: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 115
TABLE 47 CUSTOMER MANAGEMENT: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 116
7.5.2 CUSTOMER RELATIONSHIP MANAGEMENT (CRM) 116
7.5.3 MARKETING AUTOMATION 116
7.5.4 CUSTOMER SUPPORT & SERVICE 116
7.5.5 OTHER CUSTOMER MANAGEMENT APPLICATIONS 117
7.6 OTHER APPLICATIONS 117
TABLE 48 OTHER APPLICATIONS: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 118
TABLE 49 OTHER APPLICATIONS: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 118
8 FINANCE CLOUD MARKET, BY ORGANIZATION SIZE 119
8.1 INTRODUCTION 120
8.1.1 ORGANIZATION SIZE: FINANCE CLOUD MARKET DRIVERS 120
FIGURE 32 SMES TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 121
TABLE 50 FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 121
TABLE 51 FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 121
8.2 LARGE ENTERPRISES 122
8.2.1 RISING DIGITAL TRANSFORMATION TO MODERNIZE OPERATIONS AND STAY COMPETITIVE TO DRIVE FINANCE CLOUD ADOPTION 122
TABLE 52 LARGE ENTERPRISES: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 122
TABLE 53 LARGE ENTERPRISES: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 122
8.3 SMALL AND MEDIUM-SIZED ENTERPRISES 123
8.3.1 SMES TO ADOPT FINANCE CLOUD SOLUTIONS DUE TO AVAILABILITY OF COST-EFFECTIVE SCALABILITY OPTIONS 123
TABLE 54 SMES: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 123
TABLE 55 SMES: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 123
9 FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL 124
9.1 INTRODUCTION 125
9.1.1 DEPLOYMENT MODEL: FINANCE CLOUD MARKET DRIVERS 125
FIGURE 33 HYBRID CLOUD SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 126
TABLE 56 FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 126
TABLE 57 FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 126
9.2 PUBLIC CLOUD 127
9.2.1 PAY-AS-YOU-GO PRICING MODEL OF PUBLIC CLOUD TO HELP CONTROL EXPENSES AND IMPROVE BUDGET MANAGEMENT 127
TABLE 58 PUBLIC CLOUD: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 127
TABLE 59 PUBLIC CLOUD: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 128
9.3 PRIVATE CLOUD 128
9.3.1 ABILITY TO CUSTOMIZE SECURITY MEASURES AND COMPLIANCE CONTROLS TO MEET INDUSTRY-SPECIFIC AND REGIONAL REQUIREMENTS TO DRIVE GROWTH 128
TABLE 60 PRIVATE CLOUD: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 129
TABLE 61 PRIVATE CLOUD: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 129
9.4 HYBRID CLOUD 129
9.4.1 FINANCIAL INSTITUTIONS TO UTILIZE HYBRID CLOUD MODEL TO SEGMENT AND PRIORITIZE DATA TO REDUCE STORAGE COST 129
TABLE 62 HYBRID CLOUD: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 130
TABLE 63 HYBRID CLOUD: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 130
10 FINANCE CLOUD MARKET, BY END USER 131
10.1 INTRODUCTION 132
10.1.1 END USER: FINANCE CLOUD MARKET DRIVERS 132
FIGURE 34 INSURANCE COMPANIES TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 133
TABLE 64 FINANCE CLOUD MARKET, BY END USER, 2019–2022 (USD MILLION) 133
TABLE 65 FINANCE CLOUD MARKET, BY END USER, 2023–2028 (USD MILLION) 133
10.2 BANKS 134
10.2.1 BANKS ADOPT FINANCE CLOUD TO REDUCE OPERATIONAL COSTS WHILE MAINTAINING SERVICE QUALITY 134
TABLE 66 BANKS: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 134
TABLE 67 BANKS: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 134
10.2.2 RETAIL & COMMERCIAL BANKS 135
10.2.3 CENTRAL BANKS 135
10.2.4 INVESTMENT BANKS 136
10.2.5 CREDIT UNIONS & NON-BANKING FINANCIAL COMPANIES 136
10.3 FINANCIAL SERVICE PROVIDERS 136
10.3.1 FINANCE CLOUD TO ENABLE FINANCIAL SERVICE PROVIDERS TO SCALE UP RESOURCES DURING PEAK PERIODS AND DOWN DURING SLOWER TIMES 136
TABLE 68 FINANCIAL SERVICE PROVIDERS: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 137
TABLE 69 FINANCIAL SERVICE PROVIDERS: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 137
10.3.2 ASSET & WEALTH MANAGEMENT COMPANIES 137
10.3.3 PAYMENT PROCESSING COMPANIES 138
10.3.4 OTHER FINANCIAL SERVICE PROVIDERS 138
10.4 INSURANCE COMPANIES 139
10.4.1 FINANCE CLOUD TO ENHANCE CUSTOMER EXPERIENCES, STREAMLINE CLAIMS PROCESSING, AND OFFER INNOVATIVE INSURANCE PRODUCTS 139
TABLE 70 INSURANCE COMPANIES: FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 139
TABLE 71 INSURANCE COMPANIES: FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 139
10.4.2 LIFE INSURANCE COMPANIES 140
10.4.3 HEALTH INSURANCE COMPANIES 140
10.4.4 PROPERTY & CASUALTY (P&C) INSURANCE COMPANIES 140
10.4.5 OTHER INSURANCE COMPANIES 141
11 FINANCE CLOUD MARKET, BY REGION 142
11.1 INTRODUCTION 143
FIGURE 35 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 143
TABLE 72 FINANCE CLOUD MARKET, BY REGION, 2019–2022 (USD MILLION) 144
TABLE 73 FINANCE CLOUD MARKET, BY REGION, 2023–2028 (USD MILLION) 144
11.2 NORTH AMERICA 144
11.2.1 NORTH AMERICA: FINANCE CLOUD MARKET DRIVERS 145
11.2.2 NORTH AMERICA: RECESSION IMPACT 145
FIGURE 36 NORTH AMERICA: MARKET SNAPSHOT 146
TABLE 74 NORTH AMERICA: FINANCE CLOUD MARKET, BY OFFERING, 2019–2022 (USD MILLION) 146
TABLE 75 NORTH AMERICA: FINANCE CLOUD MARKET, BY OFFERING, 2023–2028 (USD MILLION) 147
TABLE 76 NORTH AMERICA: FINANCE CLOUD MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 147
TABLE 77 NORTH AMERICA: FINANCE CLOUD MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 147
TABLE 78 NORTH AMERICA: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 148
TABLE 79 NORTH AMERICA: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 148
TABLE 80 NORTH AMERICA: FINANCE CLOUD MARKET, BY END USER, 2019–2022 (USD MILLION) 148
TABLE 81 NORTH AMERICA: FINANCE CLOUD MARKET, BY END USER, 2023–2028 (USD MILLION) 148
TABLE 82 NORTH AMERICA: FINANCE CLOUD MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 149
TABLE 83 NORTH AMERICA: FINANCE CLOUD MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 149
11.2.3 US 149
11.2.3.1 Convergence of finance cloud with IoT to encourage US service providers to scale 149
TABLE 84 US: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 149
TABLE 85 US: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 150
TABLE 86 US: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 150
TABLE 87 US: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 150
11.2.4 CANADA 150
11.2.4.1 Emerging startups to provide innovative platforms and solutions catering to Canadian market 150
TABLE 88 CANADA: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 151
TABLE 89 CANADA: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 151
TABLE 90 CANADA: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 151
TABLE 91 CANADA: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 151
11.3 EUROPE 152
11.3.1 EUROPE: FINANCE CLOUD MARKET DRIVERS 152
11.3.2 EUROPE: RECESSION IMPACT 153
TABLE 92 EUROPE: FINANCE CLOUD MARKET, BY OFFERING, 2019–2022 (USD MILLION) 153
TABLE 93 EUROPE: FINANCE CLOUD MARKET, BY OFFERING, 2023–2028 (USD MILLION) 153
TABLE 94 EUROPE: FINANCE CLOUD MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 154
TABLE 95 EUROPE: FINANCE CLOUD MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 154
TABLE 96 EUROPE: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 154
TABLE 97 EUROPE: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 155
TABLE 98 EUROPE: FINANCE CLOUD MARKET, BY END USER, 2019–2022 (USD MILLION) 155
TABLE 99 EUROPE: FINANCE CLOUD MARKET, BY END USER, 2023–2028 (USD MILLION) 155
TABLE 100 EUROPE: FINANCE CLOUD MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 155
TABLE 101 EUROPE: FINANCE CLOUD MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 156
11.3.3 UK 156
11.3.3.1 Companies in UK to adopt finance cloud solutions to enhance operational efficiency 156
TABLE 102 UK: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 156
TABLE 103 UK: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 157
TABLE 104 UK: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 157
TABLE 105 UK: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 157
11.3.4 GERMANY 157
11.3.4.1 German finance cloud and telecom companies to witness increased collaborations to build robust finance cloud solutions 157
TABLE 106 GERMANY: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 158
TABLE 107 GERMANY: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 158
TABLE 108 GERMANY: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 158
TABLE 109 GERMANY: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 158
11.3.5 FRANCE 159
11.3.5.1 Huge investments by global finance cloud providers because of changing customer behavior to drive growth in France 159
TABLE 110 FRANCE: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 159
TABLE 111 FRANCE: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 159
TABLE 112 FRANCE: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 160
TABLE 113 FRANCE: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 160
11.3.6 REST OF EUROPE 160
TABLE 114 REST OF EUROPE: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 160
TABLE 115 REST OF EUROPE: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 161
TABLE 116 REST OF EUROPE: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 161
TABLE 117 REST OF EUROPE: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 161
11.4 ASIA PACIFIC 161
11.4.1 ASIA PACIFIC: FINANCE CLOUD MARKET DRIVERS 162
11.4.2 ASIA PACIFIC: RECESSION IMPACT 162
FIGURE 37 ASIA PACIFIC: MARKET SNAPSHOT 163
TABLE 118 ASIA PACIFIC: FINANCE CLOUD MARKET, BY OFFERING, 2019–2022 (USD MILLION) 164
TABLE 119 ASIA PACIFIC: FINANCE CLOUD MARKET, BY OFFERING, 2023–2028 (USD MILLION) 164
TABLE 120 ASIA PACIFIC: FINANCE CLOUD MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 164
TABLE 121 ASIA PACIFIC: FINANCE CLOUD MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 164
TABLE 122 ASIA PACIFIC: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 165
TABLE 123 ASIA PACIFIC: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 165
TABLE 124 ASIA PACIFIC: FINANCE CLOUD MARKET, BY END USER, 2019–2022 (USD MILLION) 165
TABLE 125 ASIA PACIFIC: FINANCE CLOUD MARKET, BY END USER, 2023–2028 (USD MILLION) 165
TABLE 126 ASIA PACIFIC: FINANCE CLOUD MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 166
TABLE 127 ASIA PACIFIC: FINANCE CLOUD MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 166
11.4.3 CHINA 166
11.4.3.1 Adoption of finance cloud in China to help achieve resiliency and scalability 166
TABLE 128 CHINA: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 167
TABLE 129 CHINA: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 167
TABLE 130 CHINA: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 167
TABLE 131 CHINA: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 167
11.4.4 JAPAN 168
11.4.4.1 Technology providers in Japan to introduce cutting-edge finance cloud technologies 168
TABLE 132 JAPAN: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 168
TABLE 133 JAPAN: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 168
TABLE 134 JAPAN: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 169
TABLE 135 JAPAN: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 169
11.4.5 INDIA 169
11.4.5.1 Cloud-computing for financial services to enhance capabilities for Indian market 169
TABLE 136 INDIA: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 170
TABLE 137 INDIA: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 170
TABLE 138 INDIA: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 170
TABLE 139 INDIA: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 170
11.4.6 REST OF ASIA PACIFIC 171
TABLE 140 REST OF ASIA PACIFIC: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 171
TABLE 141 REST OF ASIA PACIFIC: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 171
TABLE 142 REST OF ASIA PACIFIC: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 171
TABLE 143 REST OF ASIA PACIFIC: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 172
11.5 MIDDLE EAST & AFRICA 172
11.5.1 MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET DRIVERS 172
11.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT 173
TABLE 144 MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET, BY OFFERING, 2019–2022 (USD MILLION) 173
TABLE 145 MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET, BY OFFERING, 2023–2028 (USD MILLION) 173
TABLE 146 MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET, BY SOLUTION, 2019–2022 (USD MILLION) 174
TABLE 147 MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET, BY SOLUTION, 2023–2028 (USD MILLION) 174
TABLE 148 MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET, BY SERVICE, 2019–2022 (USD MILLION) 174
TABLE 149 MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET, BY SERVICE, 2023–2028 (USD MILLION) 175
TABLE 150 MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 175
TABLE 151 MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 175
TABLE 152 MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 176
TABLE 153 MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 176
TABLE 154 MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 176
TABLE 155 MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 176
TABLE 156 MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET, BY END USER, 2019–2022 (USD MILLION) 177
TABLE 157 MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET, BY END USER, 2023–2028 (USD MILLION) 177
TABLE 158 MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 177
TABLE 159 MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 177
11.5.3 SAUDI ARABIA 178
11.5.3.1 Increase in purchasing power and inclination toward advanced technologies to propel market growth in KSA 178
TABLE 160 SAUDI ARABIA: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 178
TABLE 161 SAUDI ARABIA: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 179
TABLE 162 SAUDI ARABIA: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 179
TABLE 163 SAUDI ARABIA: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 179
11.5.4 UAE 179
11.5.4.1 IT resource deployment, intelligent storage services, and remote monitoring capabilities drive adoption of finance cloud in UAE 179
TABLE 164 UAE: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 180
TABLE 165 UAE: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 180
TABLE 166 UAE: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 180
TABLE 167 UAE: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 181
11.5.5 REST OF MIDDLE EAST & AFRICA 181
TABLE 168 REST OF MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 181
TABLE 169 REST OF MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 181
TABLE 170 REST OF MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 182
TABLE 171 REST OF MIDDLE EAST & AFRICA: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 182
11.6 LATIN AMERICA 182
11.6.1 LATIN AMERICA: FINANCE CLOUD MARKET DRIVERS 183
11.6.2 LATIN AMERICA: RECESSION IMPACT 183
TABLE 172 LATIN AMERICA: FINANCE CLOUD MARKET, BY OFFERING, 2019–2022 (USD MILLION) 183
TABLE 173 LATIN AMERICA: FINANCE CLOUD MARKET, BY OFFERING, 2023–2028 (USD MILLION) 183
TABLE 174 LATIN AMERICA: FINANCE CLOUD MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 184
TABLE 175 LATIN AMERICA: FINANCE CLOUD MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 184
TABLE 176 LATIN AMERICA: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 184
TABLE 177 LATIN AMERICA: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 185
TABLE 178 LATIN AMERICA: FINANCE CLOUD MARKET, BY END USER, 2019–2022 (USD MILLION) 185
TABLE 179 LATIN AMERICA: FINANCE CLOUD MARKET, BY END USER, 2023–2028 (USD MILLION) 185
TABLE 180 LATIN AMERICA: FINANCE CLOUD MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 185
TABLE 181 LATIN AMERICA: FINANCE CLOUD MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 186
11.6.3 BRAZIL 186
11.6.3.1 Rising technology assimilation among enterprises and consumers to present significant opportunity for Brazil 186
TABLE 182 BRAZIL: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 186
TABLE 183 BRAZIL: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 186
TABLE 184 BRAZIL: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 187
TABLE 185 BRAZIL: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 187
11.6.4 MEXICO 187
11.6.4.1 Migration of applications and IT infrastructure to cloud to drive demand for finance cloud solutions in Mexico 187
TABLE 186 MEXICO: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 187
TABLE 187 MEXICO: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 188
TABLE 188 MEXICO: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 188
TABLE 189 MEXICO: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 188
11.6.5 REST OF LATIN AMERICA 188
TABLE 190 REST OF LATIN AMERICA: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2019–2022 (USD MILLION) 189
TABLE 191 REST OF LATIN AMERICA: FINANCE CLOUD MARKET, BY DEPLOYMENT MODEL, 2023–2028 (USD MILLION) 189
TABLE 192 REST OF LATIN AMERICA: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2019–2022 (USD MILLION) 189
TABLE 193 REST OF LATIN AMERICA: FINANCE CLOUD MARKET, BY ORGANIZATION SIZE, 2023–2028 (USD MILLION) 189
12 COMPETITIVE LANDSCAPE 190
12.1 OVERVIEW 190
12.2 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN 190
TABLE 194 OVERVIEW OF STRATEGIES ADOPTED BY KEY FINANCE CLOUD VENDORS 190
12.3 REVENUE ANALYSIS 192
FIGURE 38 HISTORICAL FIVE-YEAR REVENUE ANALYSIS OF LEADING PLAYERS, 2018–2022 (USD MILLION) 192
12.4 FINANCIAL METRICS OF COMPANIES 193
FIGURE 39 TRADING COMPARABLES, 2023 (EV/EBITDA) 193
12.5 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS 193
FIGURE 40 FINANCE CLOUD MARKET: GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS, 2022 193
12.6 MARKET SHARE ANALYSIS 194
FIGURE 41 FINANCE CLOUD MARKET SHARE ANALYSIS, 2022 194
TABLE 195 FINANCE CLOUD MARKET: DEGREE OF COMPETITION 195
12.7 FINANCE CLOUD MARKET: VENDOR PRODUCTS/BRANDS COMPARISON 195
TABLE 196 VENDOR PRODUCTS/BRANDS COMPARISON 195
12.8 COMPANY EVALUATION MATRIX 197
FIGURE 42 COMPANY EVALUATION MATRIX FOR KEY PLAYERS: CRITERIA WEIGHTAGE 197
12.8.1 STARS 197
12.8.2 EMERGING LEADERS 197
12.8.3 PERVASIVE PLAYERS 197
12.8.4 PARTICIPANTS 198
FIGURE 43 FINANCE CLOUD MARKET: COMPANY EVALUATION MATRIX, 2022 (KEY PLAYERS) 198
12.8.5 COMPANY PRODUCT FOOTPRINT ANALYSIS 199
TABLE 197 GLOBAL COMPANY FOOTPRINT 199
12.9 STARTUP/SME EVALUATION MATRIX 200
FIGURE 44 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE 200
12.9.1 PROGRESSIVE COMPANIES 200
12.9.2 RESPONSIVE COMPANIES 200
12.9.3 DYNAMIC COMPANIES 200
12.9.4 STARTING BLOCKS 201
FIGURE 45 FINANCE CLOUD MARKET: STARTUP/SME EVALUATION MATRIX, 2022 201
12.9.5 COMPETITIVE BENCHMARKING 202
TABLE 198 FINANCE CLOUD MARKET: DETAILED LIST OF KEY STARTUP/SMES 202
TABLE 199 STARTUP/SME FOOTPRINT 203
12.10 KEY MARKET DEVELOPMENTS 203
12.10.1 PRODUCT LAUNCHES AND ENHANCEMENTS 203
TABLE 200 PRODUCT LAUNCHES AND ENHANCEMENTS, 2021–2023 203
12.10.2 DEALS 206
TABLE 201 DEALS, 2021–2023 206
13 COMPANY PROFILES 209
13.1 INTRODUCTION 209
13.2 KEY PLAYERS 209
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
13.2.1 MICROSOFT 209
TABLE 202 MICROSOFT: BUSINESS OVERVIEW 209
FIGURE 46 MICROSOFT: COMPANY SNAPSHOT 210
TABLE 203 MICROSOFT: SOLUTIONS/SERVICES/PLATFORMS OFFERED 210
TABLE 204 MICROSOFT: PRODUCT LAUNCHES AND ENHANCEMENTS 211
TABLE 205 MICROSOFT: DEALS 212
13.2.2 GOOGLE 214
TABLE 206 GOOGLE: BUSINESS OVERVIEW 214
FIGURE 47 GOOGLE: COMPANY SNAPSHOT 215
TABLE 207 GOOGLE: SOLUTIONS/SERVICES/PLATFORMS OFFERED 215
TABLE 208 GOOGLE: PRODUCT LAUNCHES AND ENHANCEMENTS 216
TABLE 209 GOOGLE: DEALS 216
13.2.3 AWS 218
TABLE 210 AWS: BUSINESS OVERVIEW 218
FIGURE 48 AWS: COMPANY SNAPSHOT 219
TABLE 211 AWS: SOLUTIONS/SERVICES/PLATFORMS OFFERED 219
TABLE 212 AWS: PRODUCT LAUNCHES AND ENHANCEMENTS 220
TABLE 213 AWS: DEALS 220
13.2.4 IBM 222
TABLE 214 IBM: BUSINESS OVERVIEW 222
FIGURE 49 IBM: COMPANY SNAPSHOT 223
TABLE 215 IBM: SOLUTIONS/SERVICES/PLATFORMS OFFERED 223
TABLE 216 IBM: PRODUCT LAUNCHES AND ENHANCEMENTS 224
TABLE 217 IBM: DEALS 225
13.2.5 TENCENT CLOUD 227
TABLE 218 TENCENT CLOUD: BUSINESS OVERVIEW 227
FIGURE 50 TENCENT CLOUD: COMPANY SNAPSHOT 228
TABLE 219 TENCENT CLOUD: SOLUTIONS/SERVICES/PLATFORMS OFFERED 228
TABLE 220 TENCENT CLOUD: PRODUCT LAUNCHES AND ENHANCEMENTS 229
TABLE 221 TENCENT CLOUD: DEALS 229
13.2.6 SALESFORCE 230
TABLE 222 SALESFORCE: BUSINESS OVERVIEW 230
FIGURE 51 SALESFORCE: COMPANY SNAPSHOT 231
TABLE 223 SALESFORCE: SOLUTIONS/SERVICES/PLATFORMS OFFERED 231
TABLE 224 SALESFORCE: PRODUCT LAUNCHES AND ENHANCEMENTS 232
TABLE 225 SALESFORCE: DEALS 232
13.2.7 ORACLE 233
TABLE 226 ORACLE: BUSINESS OVERVIEW 233
FIGURE 52 ORACLE: COMPANY SNAPSHOT 234
TABLE 227 ORACLE: SOLUTIONS/SERVICES/PLATFORMS OFFERED 234
TABLE 228 ORACLE: PRODUCT LAUNCHES AND ENHANCEMENTS 235
13.2.8 ALIBABA CLOUD 236
TABLE 229 ALIBABA CLOUD: BUSINESS OVERVIEW 236
FIGURE 53 ALIBABA CLOUD: COMPANY SNAPSHOT 236
TABLE 230 ALIBABA CLOUD: SOLUTIONS/SERVICES/PLATFORMS OFFERED 237
TABLE 231 ALIBABA CLOUD: PRODUCT LAUNCHES AND ENHANCEMENTS 237
TABLE 232 ALIBABA CLOUD: DEALS 237
13.2.9 WORKDAY 238
TABLE 233 WORKDAY: BUSINESS OVERVIEW 238
FIGURE 54 WORKDAY: COMPANY SNAPSHOT 239
TABLE 234 WORKDAY: SOLUTIONS/SERVICES/PLATFORMS OFFERED 239
TABLE 235 WORKDAY: DEALS 240
13.2.10 SAP 241
TABLE 236 SAP: BUSINESS OVERVIEW 241
FIGURE 55 SAP: COMPANY SNAPSHOT 242
TABLE 238 SAP: PRODUCT LAUNCHES AND ENHANCEMENTS 243
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
13.3 OTHER COMPANIES 244
13.3.1 HPE 244
13.3.2 VMWARE 245
13.3.3 CISCO 246
13.3.4 HUAWEI 247
13.3.5 SERVICENOW 248
13.3.6 DXC TECHNOLOGY 248
13.3.7 UNIT4 249
13.3.8 SAGE GROUP 249
13.3.9 SNOWFLAKE 250
13.3.10 NUTANIX 250
13.3.11 ACUMATICA 251
13.3.12 RAPIDSCALE 252
13.3.13 ATEMISCLOUD 253
13.3.14 RAMBASE 254
13.3.15 OVHCLOUD 255
13.3.16 FREEAGENT 256
13.3.17 FRESHBOOKS 256
13.3.18 WAVE 257
13.3.19 KASHOO 258
14 ADJACENT AND RELATED MARKETS 259
14.1 INTRODUCTION 259
14.1.1 RELATED MARKETS 259
14.2 CLOUD COMPUTING MARKET 259
TABLE 239 CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2017–2021 (USD BILLION) 259
TABLE 240 CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2022–2027 (USD BILLION) 260
TABLE 241 CLOUD COMPUTING MARKET, BY IAAS, 2017–2021 (USD BILLION) 260
TABLE 242 CLOUD COMPUTING MARKET, BY IAAS, 2022–2027 (USD BILLION) 260
TABLE 243 CLOUD COMPUTING MARKET, BY PAAS, 2017–2021 (USD BILLION) 261
TABLE 244 CLOUD COMPUTING MARKET, BY PAAS, 2022–2027 (USD BILLION) 261
TABLE 245 CLOUD COMPUTING MARKET, BY SAAS, 2017–2021 (USD BILLION) 262
TABLE 246 CLOUD COMPUTING MARKET, BY SAAS, 2022–2027 (USD BILLION) 262
TABLE 247 CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2017–2021 (USD BILLION) 262
TABLE 248 CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2022–2027 (USD BILLION) 263
TABLE 249 CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD BILLION) 263
TABLE 250 CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION) 263
TABLE 251 CLOUD COMPUTING MARKET, BY VERTICAL, 2017–2021 (USD BILLION) 264
TABLE 252 CLOUD COMPUTING MARKET, BY VERTICAL, 2022–2027 (USD BILLION) 264
TABLE 253 CLOUD COMPUTING MARKET, BY REGION, 2017–2021 (USD BILLION) 265
TABLE 254 CLOUD COMPUTING MARKET, BY REGION, 2022–2027 (USD BILLION) 265
14.3 FINANCIAL ANALYTICS MARKET 265
TABLE 255 FINANCIAL ANALYTICS MARKET, BY COMPONENT, 2016–2023 (USD MILLION) 265
TABLE 256 FINANCIAL ANALYTICS MARKET, BY APPLICATION, 2016–2023 (USD MILLION) 266
TABLE 257 FINANCIAL ANALYTICS MARKET, BY DEPLOYMENT MODEL, 2016–2023 (USD MILLION) 266
TABLE 258 FINANCIAL ANALYTICS MARKET, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION) 266
TABLE 259 FINANCIAL ANALYTICS MARKET, BY VERTICAL, 2016–2023 (USD MILLION) 267
TABLE 260 FINANCIAL ANALYTICS MARKET, BY REGION, 2016–2023 (USD MILLION) 267
15 APPENDIX 268
15.1 DISCUSSION GUIDE 268
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 273
15.3 CUSTOMIZATION OPTIONS 275
15.4 RELATED REPORTS 275
15.5 AUTHOR DETAILS 276
