Private and Public Cloud Market Size in the Financial Services Industry to Grow by USD 61.47 billon | 37% of Growth to Originate from APAC | Technavio

NEW YORK, May 19, 2022 /PRNewswire/ -- The global private and public cloud market in the financial services industry is segmented into service (software-as-a-service, infrastructure-as-a-service, and platform-as-a-service) and geography (North America, Europe, APAC, South America, and MEA).

The market size is expected to grow by USD 61.47 bn from 2020 to 2025. However, the growth momentum of the market will decelerate at a CAGR of 18.34%, according to Technavio. The growth of the market will be driven by factors such as the growing demand for virtually unlimited storage and big data, but data security and privacy may challenge the market growth.

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The global private and public cloud market in the financial services industry covers the following areas:

Global Private And Public Cloud Market In The Financial Services Industry Sizing
Global Private And Public Cloud Market In The Financial Services Industry Forecast
Global Private And Public Cloud Market In The Financial Services Industry Analysis

Regional Analysis

APAC will account for 37% of the market's growth during the forecast period. The growing demand for virtually unlimited storage and big data will drive the growth of the global private and public cloud market in the financial services industry in APAC during the forecast period. Market growth in this region will be faster than the growth of the market in regions. China and Japan are the key countries for the global private and public cloud market in the financial services industry in APAC. Data breaches can cost financial firms valuable clients as well as credibility and years of hard work.

Driver and Challenge

The growing demand for virtually unlimited storage and big data is driving the growth of the global private and public cloud market in the financial services industry. Financial services are built on large IT infrastructures that process high volumes of data daily. The advent of advanced technologies such as big data and analytics have enabled organizations to transform unstructured and semi-structured data into structured and meaningful data. Cloud computing provides a solution for maintaining and analyzing big data by offering several storage options based on business requirements. Most financial service firms are opting for AWS cloud to store their backup data in a cost-effective manner.

Data security and privacy are major challenges for the growth of the global private and public cloud market in the financial services industry. It is necessary for financial service institutions to have stringent data security standards when compared with other industries. The success or failure of financial services firms depends on the effective use of confidential customer information while maintaining privacy. Hence, a balance is needed between data sharing flexibility and data privacy. However, uncertainties over data security and stringent data-related regulations make it difficult for organizations to maintain this balance.

Companies Mentioned

• Amazon Web Services Inc.
• Alphabet Inc.
• CSC
• Eze Castle Integration Inc.
• Fujitsu Ltd.
• International Business Machines Corp.
• Jack Henry and Associates Inc.
• Microsoft Corp.
• Oracle Corp.
• Rackspace Technology Inc.

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Key Topics Covered:

1 Executive Summary

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 01: Parent market
• Exhibit 02: Market characteristics

• 2.2 Value chain analysis
• Exhibit 03: Value chain analysis: Internet services and infrastructure.

3 Market Sizing

• 3.1 Market definition
• Exhibit 04: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 05: Market segments

• 3.3 Market size 2020

• 3.4 Market outlook: Forecast for 2020 - 2025
• Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
• Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 08: Five forces analysis 2020 & 2025

• 4.2 Bargaining power of buyers
• Exhibit 09: Bargaining power of buyers

• 4.3 Bargaining power of suppliers
• Exhibit 10: Bargaining power of suppliers

• 4.4 Threat of new entrants
• Exhibit 11: Threat of new entrants

• 4.5 Threat of substitutes
• Exhibit 12: Threat of substitutes

• 4.6 Threat of rivalry
• Exhibit 13: Threat of rivalry

• 4.7 Market condition
• Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Service type

• 5.1 Market segments
• Exhibit 15: Service type - Market share 2020-2025 (%)

• 5.2 Comparison by Service type
• Exhibit 16: Comparison by Service type

• 5.3 SaaS - Market size and forecast 2020-2025
• Exhibit 17: SaaS - Market size and forecast 2020-2025 ($ billion)
• Exhibit 18: SaaS - Year-over-year growth 2020-2025 (%)

• 5.4 IaaS - Market size and forecast 2020-2025
• Exhibit 19: IaaS - Market size and forecast 2020-2025 ($ billion)
• Exhibit 20: IaaS - Year-over-year growth 2020-2025 (%)

• 5.5 PaaS - Market size and forecast 2020-2025
• Exhibit 21: PaaS - Market size and forecast 2020-2025 ($ billion)
• Exhibit 22: PaaS - Year-over-year growth 2020-2025 (%)

• 5.6 Market opportunity by Service type
• Exhibit 23: Market opportunity by Service type

6 Customer landscape

• 6.1 Overview
• Exhibit 24: Customer landscape

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 25: Market share by geography 2020-2025 (%)

• 7.2 Geographic comparison
• Exhibit 26: Geographic comparison

• 7.3 North America - Market size and forecast 2020-2025
• Exhibit 27: North America - Market size and forecast 2020-2025 ($ billion)
• Exhibit 28: North America - Year-over-year growth 2020-2025 (%)

• 7.4 Europe - Market size and forecast 2020-2025
• Exhibit 29: Europe - Market size and forecast 2020-2025 ($ billion)
• Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)

• 7.5 APAC - Market size and forecast 2020-2025
• Exhibit 31: APAC - Market size and forecast 2020-2025 ($ billion)
• Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)

• 7.6 South America - Market size and forecast 2020-2025
• Exhibit 33: South America - Market size and forecast 2020-2025 ($ billion)
• Exhibit 34: South America - Year-over-year growth 2020-2025 (%)

• 7.7 MEA - Market size and forecast 2020-2025
• Exhibit 35: MEA - Market size and forecast 2020-2025 ($ billion)
• Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)

• 7.8 Key leading countries
• Exhibit 37: Key leading countries

• 7.9 Market opportunity by geography
• Exhibit 38: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.2.3 Network connectivity issues and latenc

• 8.3 Market trends

9 Vendor Landscape

• 9.1 Overview
• Exhibit 40: Vendor landscape

• 9.2 Landscape disruption
• Exhibit 41: Landscape disruption
• Exhibit 42: Industry risks

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 43: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 44: Market positioning of vendors

• 10.3 Amazon Web Services Inc.
• Exhibit 45: Amazon Web Services Inc. - Overview
• Exhibit 46: Amazon Web Services Inc. - Product and service
• Exhibit 47: Amazon Web Services Inc. - Key news
• Exhibit 48: Amazon Web Services Inc. - Key offerings

• 10.4 Alphabet Inc.
• Exhibit 49: Alphabet Inc. - Overview
• Exhibit 50: Alphabet Inc. - Business segments
• Exhibit 51: Alphabet Inc. - Key offerings
• Exhibit 52: Alphabet Inc. - Segment focus

• 10.5 CSC
• Exhibit 53: CSC - Overview
• Exhibit 54: CSC - Product and service
• Exhibit 55: CSC - Key offerings

• 10.6 Eze Castle Integration Inc.
• Exhibit 56: Eze Castle Integration Inc. - Overview
• Exhibit 57: Eze Castle Integration Inc. - Product and service
• Exhibit 58: Eze Castle Integration-Key news
• Exhibit 59: Eze Castle Integration Inc. - Key offerings

• 10.7 Fujitsu Ltd.
• Exhibit 60: Fujitsu Ltd. - Overview
• Exhibit 61: Fujitsu Ltd. - Business segments
• Exhibit 62: Fujitsu Ltd. - Key offerings
• Exhibit 63: Fujitsu Ltd. - Segment focus

• 10.8 International Business Machines Corp.
• Exhibit 64: International Business Machines Corp. - Overview
• Exhibit 65: International Business Machines Corp. - Business segments
• Exhibit 66: International Business Machines Corp.-Key news
• Exhibit 67: International Business Machines Corp. - Key offerings
• Exhibit 68: International Business Machines Corp. - Segment focus

• 10.9 Jack Henry and Associates Inc.
• Exhibit 69: Jack Henry and Associates Inc. - Overview
• Exhibit 70: Jack Henry and Associates Inc. - Business segments
• Exhibit 71: Jack Henry and Associates Inc. -Key news
• Exhibit 72: Jack Henry and Associates Inc. - Key offerings
• Exhibit 73: Jack Henry and Associates Inc. - Segment focus

• 10.10 Microsoft Corp.
• Exhibit 74: Microsoft Corp. - Overview
• Exhibit 75: Microsoft Corp. - Business segments
• Exhibit 76: Microsoft Corp. -Key news
• Exhibit 77: Microsoft Corp. - Key offerings
• Exhibit 78: Microsoft Corp. - Segment focus

• 10.11 Oracle Corp.
• Exhibit 79: Oracle Corp. - Overview
• Exhibit 80: Oracle Corp. - Business segments
• Exhibit 81: Oracle Corp. - Key offerings
• Exhibit 82: Oracle Corp. - Segment focus

• 10.12 Rackspace Technology Inc.
• Exhibit 83: Rackspace Technology Inc. - Overview
• Exhibit 84: Rackspace Technology Inc. - Product and service
• Exhibit 85: Rackspace Technology Inc. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Currency conversion rates for US$
• Exhibit 86: Currency conversion rates for US$

• 11.3 Research methodology
• Exhibit 87: Research Methodology
• Exhibit 88: Validation techniques employed for market sizing
• Exhibit 89: Information sources

• 11.4 List of abbreviations
• Exhibit 90: List of abbreviations

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