세계의 금융 클라우드 시장 규모는 2024-2031년의 예측 기간 중 18.26%의 CAGR로 확대하며, 2023년 338억 4,000만 달러에서 2031년에는 1,295억 달러로 성장할 것으로 예측됩니다. 비즈니스의 역동성, 급속한 디지털화, E-Commerce 산업의 확대, 온라인 플랫폼 사용 급증, 혁신에 대한 즉각적인 수요, 기밀 데이터 보안에 대한 수요 증가, 클라우드 컴퓨팅에 대한 수요 증가, 업무 효율성과 투명성에 대한 요구 증가, 고객 기대치의 변화 등 다양한 요인이 작용하고 있습니다. 요구 증가, 고객 기대치 변화, 비용 절감, 기술 발전 등의 요인이 금융 클라우드 시장의 세계 성장을 촉진하고 있습니다. 금융 클라우드는 은행, 금융기관, 보험사의 요구를 충족시키기 위해 설계된 클라우드 컴퓨팅 솔루션으로, 빠르고 쉬운 업무 수행을 위한 용도과 프로세스를 제공합니다. 주요 특징은 보안 및 컴플라이언스, 데이터 관리, 확장성, 통합, 비용 효율성, 신뢰성 등입니다. 금융 클라우드는 보험사, 은행 및 기타 금융 기관이 자산, 비용 및 자산 관리를 파악할 수 있도록 지원합니다.
지난 2-3년 동안 고객의 기대와 상호 작용이 변화하면서 개인화와 속도에 대한 중요성이 더욱 강조되고 있습니다. 고객의 기대에 부응하기 위해 은행, 금융기관, 보험사들은 금융 클라우드와 같은 혁신적인 기술을 도입하고 있으며, Exploding Topics의 데이터에 따르면 기업 데이터의 약 60%가 클라우드에 저장되어 있고, 89%의 기업이 하이브리드 클라우드 접근 방식을 채택하고 있습니다. 채택하고 있습니다.
대부분의 기업은 비즈니스 정보를 전달하고 정보에 입각한 의사결정을 내리기 위해 많은 시간과 노력을 투자해야 합니다. 조직은 항상 고객에게 최고의 서비스를 제공하고 이익률을 높이는 데 도움이 되는 시스템을 찾고 있습니다. 따라서 클라우드 솔루션은 금융회사의 전략적 플랫폼으로서 탄탄한 기반과 정보 백본을 제공합니다. 현재 많은 금융회사들은 백오피스 기능, 결제 처리, 신용 리스크 관리 등 핵심 비즈니스 프로세스를 실행하기 위해 상장사와 비상장사의 하이브리드 클라우드를 활용하고 있습니다. 이처럼 기업은 클라우드 솔루션을 도입함으로써 더 나은 정보 통합을 통한 효율화를 실현할 수 있습니다. 경쟁 증가와 비즈니스 환경의 급격한 변화로 인해 기업은 필요한 비즈니스 조치를 취하기 위해 모든 관련 정보에 빠르게 접근해야 합니다.
세계의 금융 클라우드 시장에 대해 조사했으며, 시장의 개요와 솔루션별, 서비스별, 용도별, 도입별, 기업별, 최종사용자별, 지역별 동향 및 시장에 참여하는 기업의 개요 등을 제공하고 있습니다.
Global finance cloud market is projected to witness a CAGR of 18.26% during the forecast period 2024-2031, growing from USD 33.84 billion in 2023 to USD 129.50 billion in 2031. Factors such as business dynamism, rapid digitalization, expansion of e-commerce industry, surge in usage of online platforms, instant demand for innovation, increasing demand for security of sensitive data, higher demand for cloud computing, rise in need for operational efficiency and transparency, change in customer expectations, reduction in costs, and technological advancements are poising the growth of the finance cloud market globally. Finance cloud is a cloud computing solution designed to meet the needs of banks, financial institutions, and insurance companies with applications and processes for fast and easy work execution. Its key features include security and compliance, data management, scalability, integration, cost efficiency, and reliability. Finance Cloud assists insurance companies, banks, and other financial institutions to keep tabs on assets, expenses, and wealth management.
Customer expectations and interactions have changed in the last couple of years, focusing on personalization and speed. To meet clients' expectations, banks, financial institutions, and insurance companies are implementing innovative technologies like finance cloud. According to Exploding Topics data, around 60 percent of corporate data is stored in the cloud and 89 percent of companies use a hybrid cloud approach.
Boosting Operational Efficiency and Business Transparency Fuels Growth
Most businesses require a great investment of time and effort to communicate business information and make informed decisions. Organizations are constantly eyeing for those systems that will assist in serving their clients best and increasing profit margins. Therefore, cloud solutions offer a firm base and information backbone for financial companies as their strategic platforms. Today, many financial companies use a hybrid mix of public and private cloud, suiting their needs in running back-office functions and core business processes, such as processing payments and credit risk management. Companies can thus adopt cloud solutions to bring efficiency with better integration of information. Since competition has increased and many changes are rapidly taking place in the business environment, companies require rapid access to all relevant information to take necessary business action.
Demand for Cloud Computing in Developing Regions Boosts Market Growth
The finance cloud service market has huge potential in developing economies such as India, China, Japan, and South Korea. These nations are still developing and have fewer financial resources. They need cost-effective solutions to enhance demand for cloud computing technology and reduce their IT spending. More regional firms are starting to use public cloud services to enhance the interface of their banking and e-commerce platforms. These potential growth opportunities in the finance cloud market are created through competition to have a competitive advantage among financial companies within developing countries. In June 2024, Tencent Cloud and Nokia joined forces to support AI and Cloud innovation for enterprises in Singapore and Asia-Pacific. It aims for seamless integration between cloud services and network infrastructure.
Public Cloud is Ruling the Global Finance Cloud Market
The public cloud segment had the largest market revenue by share. The public cloud cuts down expenditure since a business pay for the resources that it uses, thereby cutting down on the waste of expenditure on idle resources. This gives businesses the freedom to just scale up or down, according to demand for the cloud. The introduction of RISE with SAP add-on packages for critical lines of business in April 2024, enables customers to drive enormous value from their cloud ERP investment. Each of the focused packages would extend the full portfolio of cloud solutions, infrastructure, and services to provide a strategic arsenal for addressing uniquely nuanced challenges and opportunities.
The private cloud is expected to be fast-growing. The private cloud provides users with tools and services for managing cloud applications which include data storage, monitoring, and security, with minimum expenditure. It gives organizations many of the cloud computing advantages without giving control, security, and customization.
North America to Dominate Global Finance Cloud Market Share
North America holds the largest share of the global finance cloud market. The United States and Canada are prime contributors to this growth. Reduced capital expenditure spending, low IT management intricacy, and improved security are some of the factors leading to the growth in the region. The increasing number of strategic collaborations, mergers and acquisitions, and partnerships is a major reason for the growth of the finance cloud market in the region. In June 2024, Oracle and Google Cloud announced a partnership that will give customers the choice to combine Oracle Cloud Infrastructure (OCI) and Google Cloud technologies to help boost their application migrations and transformation.
Asia-Pacific is the fastest-growing region due to countries such as China and India where there is a rise in cloud application deployment to address the demand of customer management, growing client needs, and increase in digitalization.
Future Market Scenario (2024 - 2031F)
Finance cloud will be the future as all the companies are using cloud-based platforms to secure their data and maintain a transparent working environment.
In July 2024, Google Cloud launched the Modern SecOps (MSO) course on Coursera. It's a six-week, platform-agnostic educational program aimed at enabling security professionals to update their skill sets and knowledge, hence modernizing their security operations in line with the framework of Autonomic Security Operations, Continuous Detection, and Continuous Response methodology.
In April 2024, IBM announced its new Cloud Multizone Region (MZR) in Montreal, Quebec which will help clients address their evolving regulatory requirements and leverage technologies such as Generative AI with a secured cloud platform.
Key Players Landscape and Outlook
The market of finance cloud is competitive as the key players enter into strategic collaborations, partnerships, and mergers and acquisitions to spread the business footprint and survive in this highly competitive environment. Cloud providers are making considerable investments in research and development activities to incorporate new technologies in their offerings and to develop advanced products so that they can rule the market.
Recently in 2023, Sage, a software giant, announced its buyout of the US-based Corecon, a cloud-native solution for pre-construction and project management. It helped establish closer relations with customers beyond financials and sealed its leading position as a provider of cloud-native technology for the construction industry with a solution to manage projects from bid to closeout. It was declared in April 2023 that Microsoft Corporation and Epic will extend their longtime strategic collaboration to develop and integrate generative AI into healthcare by combining the scale and power of Azure OpenAI Service1 with Epic's industry-leading electronic health record software. It aims at extending the longtime relationship that has enabled organizations to run Epic environments on the Microsoft Azure cloud platform.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work