The global cloud FinOps market size is expected to reach USD 39.56 billion by 2034, according to a new study by Polaris Market Research. The report "Cloud FinOps Market Size, Share, Trends, Industry Analysis Report: By Offering (Solution and Services), Service Model, Deployment Model, Organization Size, Application, Vertical, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025- 2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rapid growth of the cloud FinOps market is being driven by the escalating utilization of cloud services to address the demand for proficient financial management. Enterprises are transitioning their operations to the cloud to navigate intricate pricing structures and embrace cloud resources. For instance, Eurostat reported a 4.2 percentage point increase in cloud computing service adoption in the European Union from 2021 to 2023, with 45.2% of enterprises adopting these services. This surge in adoption is stimulating the need for various cloud-based services, including cloud FinOps, which provides robust tools and methodologies for managing and optimizing cloud spending. Consequently, organizations are effectively managing their cloud budgets, lowering overspending, and elevating overall financial efficiency through the implementation of cloud FinOps, thereby propelling market expansion.
The expansion of the banking sector is fueling the demand for cloud FinOps worldwide. The industry's growth, fueled by the introduction of innovative banking models and small finance banks, is significantly propelling the global cloud FinOps market. The banking sector's increasing reliance on cloud technology for its operations and services, associated with the complex nature of cloud billing and strict regulatory requirements, emphasizes the importance of cloud FinOps in this industry. Consequently, the surge in demand for cloud FinOps solutions is due to the bank's transition toward digital transformation, thereby accelerating the expansion of the cloud FinOps market.
The expansion of the software-as-a-service (SaaS) market is bolstering the development of the cloud FinOps market as more businesses embrace SaaS solutions to optimize operations and boost efficiency. The increased SaaS adoption necessitates efficient financial management and optimization. Cloud FinOps encompasses the necessary tools and methodologies to effectively control costs, offering advanced features such as detailed cost tracking, budgeting, and financial forecasting to fulfill the need for streamlined financial management. Therefore, the escalating demand for cost management and financial transparency within the growing SaaS sector is propelling the expansion of the cloud FinOps market.
Cloud FinOps Market Report Highlights
The budgeting and forecasting segment in the market is projected to grow at a significant CAGR due to the rising demand for precise financial planning and control within cloud environments.
In 2024, the IT & ITeS sector dominated the market in terms of revenue, driven by the substantial global expansion and accelerated growth of software firms.
In 2024, the global market's largest revenue share was held by North America because of the region's strong technology ecosystem and the presence of several key industry players.
Asia Pacific cloud FinOps market is anticipated to experience a significant CAGR due to the rising focus on regulatory compliance and data governance within the region.
The global key market players are Amazon Web Services, Inc. (Amazon.com, Inc.); Datadog; Flexera; Google Cloud; Hitachi Digital Services, LLC; IBM; Lumen Technologies; Microsoft; Oracle; ServiceNow; VMware (Broadcom); and PRESIDIO, INC.
Polaris Market Research has segmented the cloud FinOps market report based on offering, service model, deployment model, organization size, application, vertical, and region:
By Offering Outlook (Revenue - USD Billion, 2020 - 2034)
Solution
Native Solutions
Third-party Solutions
Services
Professional Services
Managed Services
By Service Model Outlook (Revenue - USD Billion, 2020 - 2034)
laaS
PaaS
SaaS
By Deployment Model Outlook (Revenue - USD Billion, 2020 - 2034)
Hybrid Cloud
Private Cloud
Public Cloud
By Organization Size Outlook (Revenue - USD Billion, 2020 - 2034)
Large Enterprises
SMEs
By Application Outlook (Revenue - USD Billion, 2020 - 2034)
Budgeting & Forecasting
Cost Allocation & Chargeback
Cost Management & Optimization
Reporting & Analytics
Workload Management & Optimization
Others
By Vertical Outlook (Revenue - USD Billion, 2020 - 2034)
BFSI
Government & Public Sector
Healthcare & Life Sciences
IT & ITeS
Manufacturing
Media & Entertainment
Retail & Consumer Goods
Telecommunications
Others
By Regional Outlook (Revenue - USD Billion, 2020 - 2034)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa
Table of Contents
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Cloud FinOps Market Insights
4.1. Cloud FinOps Market - Market Snapshot
4.2. Cloud FinOps Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. New product introductions are driving the autonomous mobile robots market growth
4.2.1.2. Growing need to streamline intralogistics in the automotive sector is propelling the autonomous mobile robots market size
4.2.2. Restraints and Challenges
4.2.2.1. High initial costs are limiting the adoption of autonomous mobile robots
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Cloud FinOps Market Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Cloud FinOps Market, by Offering
5.1. Key Findings
5.2. Introduction
5.2.1. Global Cloud FinOps Market, by Offering, 2020-2034 (USD Billion)
5.3. Solution
5.3.1. Global Cloud FinOps Market, by Solution, by Region, 2020-2034 (USD Billion)
5.3.2. Native Solutions
5.3.2.1. Global Cloud FinOps Market, by Native Solutions, by Region, 2020-2034 (USD Billion)
5.3.3. Third-party Solutions
5.3.3.1. Global Cloud FinOps Market, by Third-party Solutions, by Region, 2020-2034 (USD Billion)
5.4. Services
5.4.1. Global Cloud FinOps Market, by Services, by Region, 2020-2034 (USD Billion)
5.4.2. Professional Services
5.4.2.1. Global Cloud FinOps Market, by Professional Services, by Region, 2020-2034 (USD Billion)
5.4.3. Managed Services
5.4.3.1. Global Cloud FinOps Market, by Managed Services, by Region, 2020-2034 (USD Billion)
6. Global Cloud FinOps Market, by Service Model
6.1. Key Findings
6.2. Introduction
6.2.1. Global Cloud FinOps Market, by Service Model, 2020-2034 (USD Billion)
6.3. laaS
6.3.1. Global Cloud FinOps Market, by laaS, by Region, 2020-2034 (USD Billion)
6.4. PaaS
6.4.1. Global Cloud FinOps Market, by PaaS, by Region, 2020-2034 (USD Billion)
6.5. SaaS
6.5.1. Global Cloud FinOps Market, by SaaS, by Region, 2020-2034 (USD Billion)
7. Global Cloud FinOps Market, by Deployment Model
7.1. Key Findings
7.2. Introduction
7.2.1. Global Cloud FinOps Market, by Deployment Model, 2020-2034 (USD Billion)
7.3. Hybrid Cloud
7.3.1. Global Cloud FinOps Market, by Hybrid Cloud, by Region, 2020-2034 (USD Billion)
7.4. Private Cloud
7.4.1. Global Cloud FinOps Market, by Private Cloud, by Region, 2020-2034 (USD Billion)
7.5. Public Cloud
7.5.1. Global Cloud FinOps Market, by Public Cloud, by Region, 2020-2034 (USD Billion)
8. Global Cloud FinOps Market, by Organization Size
8.1. Key Findings
8.2. Introduction
8.2.1. Global Cloud FinOps Market, by Organization Size, 2020-2034 (USD Billion)
8.3. Large Enterprises
8.3.1. Global Cloud FinOps Market, by Large Enterprises, by Region, 2020-2034 (USD Billion)
8.4. SMEs
8.4.1. Global Cloud FinOps Market, by SMEs, by Region, 2020-2034 (USD Billion)
9. Global Cloud FinOps Market, by Application
9.1. Key Findings
9.2. Introduction
9.2.1. Global Cloud FinOps Market, by Application, 2020-2034 (USD Billion)
9.3. Budgeting & Forecasting
9.3.1. Global Cloud FinOps Market, by Budgeting & Forecasting, by Region, 2020-2034 (USD Billion)
9.4. Cost Allocation & Chargeback
9.4.1. Global Cloud FinOps Market, by Cost Allocation & Chargeback, by Region, 2020-2034 (USD Billion)
9.5. Cost Management & Optimization
9.5.1. Global Cloud FinOps Market, by Cost Management & Optimization, by Region, 2020-2034 (USD Billion)
9.6. Reporting & Analytics
9.6.1. Global Cloud FinOps Market, by Reporting & Analytics, by Region, 2020-2034 (USD Billion)
9.7. Workload Management & Optimization
9.7.1. Global Cloud FinOps Market, by Workload Management & Optimization, by Region, 2020-2034 (USD Billion)
9.8. Others
9.8.1. Global Cloud FinOps Market, by Others, by Region, 2020-2034 (USD Billion)
10. Global Cloud FinOps Market, by Vertical
10.1. Key Findings
10.2. Introduction
10.2.1. Global Cloud FinOps Market, by Vertical, 2020-2034 (USD Billion)
10.3. BFSI
10.3.1. Global Cloud FinOps Market, by BFSI, by Region, 2020-2034 (USD Billion)
10.4. Government & Public Sector
10.4.1. Global Cloud FinOps Market, by Government & Public Sector, by Region, 2020-2034 (USD Billion)
10.5. Healthcare & Life Sciences
10.5.1. Global Cloud FinOps Market, by Healthcare & Life Sciences, by Region, 2020-2034 (USD Billion)
10.6. IT & ITeS
10.6.1. Global Cloud FinOps Market, by IT & ITeS, by Region, 2020-2034 (USD Billion)
10.7. Manufacturing
10.7.1. Global Cloud FinOps Market, by Manufacturing, by Region, 2020-2034 (USD Billion)
10.8. Media & Entertainment
10.8.1. Global Cloud FinOps Market, by Media & Entertainment, by Region, 2020-2034 (USD Billion)
10.9. Retail & Consumer Goods
10.9.1. Global Cloud FinOps Market, by Retail & Consumer Goods, by Region, 2020-2034 (USD Billion)
10.10. Telecommunications
10.10.1. Global Cloud FinOps Market, by Telecommunications, by Region, 2020-2034 (USD Billion)
10.11. Others
10.11.1. Global Cloud FinOps Market, by Others, by Region, 2020-2034 (USD Billion)
11. Global Cloud FinOps Market, by Geography
11.1. Key Findings
11.2. Introduction
11.2.1. Cloud FinOps Market Assessment, By Geography, 2020-2034 (USD Billion)
11.3. Cloud FinOps Market - North America
11.3.1. North America: Cloud FinOps Market, by Offering, 2020-2034 (USD Billion)
11.3.2. North America: Cloud FinOps Market, by Service Model, 2020-2034 (USD Billion)
11.3.3. North America: Cloud FinOps Market, by Deployment Model, 2020-2034 (USD Billion)
11.3.4. North America: Cloud FinOps Market, by Organization Size, 2020-2034 (USD Billion)
11.3.5. North America: Cloud FinOps Market, by Application, 2020-2034 (USD Billion)
11.3.6. North America: Cloud FinOps Market, by Vertical, 2020-2034 (USD Billion)
11.3.7. Cloud FinOps Market - U.S.
11.3.7.1. U.S.: Cloud FinOps Market, by Offering, 2020-2034 (USD Billion)
11.3.7.2. U.S.: Cloud FinOps Market, by Service Model, 2020-2034 (USD Billion)