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Global Finance Cloud Market (2021 to 2030) - Opportunity Analysis and Industry Forecasts - ResearchAndMarkets.comThe "Finance Cloud Market by Component, Enterprise Size, Deployment Model and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering. Finance cloud helps businesses with an ecosystem of connected tools to manage accounts, process payments, handle payroll, create financial reports, and manage budgets. Moreover, increase in maturity of cloud solutions and proven track record on security is boosting the adoption of cloud in the financial sector. In addition, a cloud system helps in eliminating large & upfront capital expenditure for computer hardware & software and accounting application software licenses. Cloud enhances financial performances, helps reducing capital expenditure, and improves operational efficiency. Thus, multiple benefits associated with cloud significantly contribute toward the growth of the global finance cloud market. In addition, surge in demand for cloud among financial companies and rapid adoption of cloud in SMEs are major factors that drive the market growth. However, higher investment & maintenance costs and concerns associated with data security & protection are some of the factors that hamper the market growth. On the contrary, with an increasing demand for security of data, financial companies are investing heavily in technologies and incorporating cloud in their existin business model, which are expected to provide lucrative opportunities for the expansion of the finance cloud market in the upcoming years. The finance cloud market is segmented into component, enterprise size, deployment model, application, and region. By component, the market is bifurcated into solution and service. The solutions segment is further segmented into financial forecasting, financial reporting & analysis, security, governance, risk & compliance, and others. Based on Enterprise Size, the market is divided into large enterprises and small & medium enterprises (SMEs). Depending on deployment model, it is segregated into public cloud, private cloud, and hybrid cloud. The applications covered in the study include revenue management, business intelligence, asset management, customer relationship management, enterprise resource planning, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Key Benefits
Market Dynamics Drivers
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Key Players
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