세계의 금융 클라우드 시장 : 현황 분석과 예측(2024-2032년)

The finance cloud market refers to the use of cloud computing solutions tailored specifically for the financial services sector. This market involves the adoption of cloud-based technologies by banks, financial institutions, and insurance companies to enhance their operations and services. The finance cloud market offers benefits such as rapid digitalization, corporate agility, on-demand innovation, and a secure environment for handling sensitive financial data. It enables organizations to access scalable and cost-effective IT resources, streamline processes, improve customer service, and drive innovation within the financial industry.

The Finance Cloud Market is expected to grow at a strong CAGR of around 15.30% owing to the growing digitalization of banking and financial services. The global financial services industry is witnessing an unprecedented surge in the demand for cloud-based solutions and services. As digitalization continues to reshape the financial landscape, an increasing number of institutions are embracing the cloud to streamline operations, enhance scalability, and optimize cost structures. Furthermore, the ever-changing financial landscape demands agility and scalability, which cloud solutions offer in abundance. Traditional on-premises systems often struggle to keep pace with rapidly evolving market conditions, regulatory requirements, and customer expectations. Cloud-based solutions allow financial institutions to scale their resources up or down seamlessly, ensuring they can adapt swiftly to fluctuating demands without incurring significant capital expenditures. Moreover, the cloud computing model presents a compelling value proposition for financial institutions by enabling them to optimize their IT costs. Instead of investing in expensive hardware, software, and maintenance, cloud solutions offer a pay-as-you-go pricing model, allowing institutions to pay only for the resources they consume. This cost-effective approach is particularly attractive for small and medium-sized financial firms, as well as startups, enabling them to access enterprise-grade solutions without the need for substantial upfront investments. Additionally, the financial services industry generates vast amounts of data, and cloud-based solutions provide the infrastructure and tools necessary to harness this data effectively. By leveraging cloud-based analytics platforms, financial institutions can gain valuable insights into customer behavior, market trends, and risk management, enabling them to make data-driven decisions and develop innovative products and services. These advances along with others are creating a favorable environment for the adoption of finance cloud across various markets.

Based on the solution, the market is categorized into financial forecasting, financial reporting and analysis, security, and governance risk and compliance. The security and governance risk and compliance stand out as a predominant end-user segment for the finance cloud in the industry. Primarily driven by the need to ensure compliance with regulatory framework. Financial institutions are subject to stringent regulations, such as the Basel III framework, the Dodd-Frank Act, and the General Data Protection Regulation (GDPR). Failure to comply with these regulations can result in hefty fines, reputational damage, and legal implications. Furthermore, the financial sector is a prime target for cyber-attacks, including data breaches, phishing scams, and ransomware attacks. These threats can lead to financial losses, disruption of operations, and erosion of customer trust. GRC solutions offer robust security features, such as encryption, access controls, and intrusion detection systems, to protect sensitive financial data and systems. GRC solutions help organizations maintain compliance by automating processes, monitoring controls, and providing real-time reporting capabilities. Additionally, Financial institutions face various risks, including credit risk, market risk, operational risk, and reputational risk. Effective risk management is crucial for maintaining financial stability and making informed business decisions. GRC solutions provide risk assessment tools, risk modeling capabilities, and real-time risk monitoring to identify, analyze, and mitigate potential risks.

Based on the services, the market is bifurcated into professional services and managed services. The financial services industry has been rapidly adopting cloud computing solutions to drive innovation, reduce costs, and improve efficiency. Within the financial cloud market, the professional services segment generates the highest revenue, outpacing managed services and other offerings. Professional services encompass a wide range of consulting, implementation, integration, and advisory services tailored to help financial institutions leverage cloud technologies effectively. These services are crucial for organizations navigating the complex landscape of cloud migration, compliance, security, and digital transformation. Factors such as these are creating a favorable environment, influencing the adoption of financial cloud across various markets globally.

Based on application, the market is segmented into revenue management, wealth management, customer management, and account management. Customer relationship management (CRM) has established itself as a major end-user segment for the financial cloud market. Primarily driven by the need for centralizing consumer data. Financial institutions deal with a massive amount of customer data, including personal information, account details, transaction history, and preferences. CRM solutions in the cloud enable organizations to store and access this data from a centralized location, facilitating better customer service, cross-selling, and up-selling opportunities. Furthermore, cloud-based CRM systems allow financial institutions to provide a consistent and personalized experience across multiple channels, such as branch offices, online portals, and mobile apps. By analyzing customer data and behavior, CRM solutions can help tailor products and services to individual needs, enhancing customer satisfaction and loyalty. Additionally, cloud computing offers scalability and flexibility, allowing financial institutions to quickly adapt to changing customer demands and market conditions. CRM solutions in the cloud can be easily scaled up or down based on the organization's needs, without the need for substantial upfront investments in hardware and infrastructure. Factors such as these are fostering a conducive environment, driving the widespread adoption of cloud-based services for customer relationship management.

Based on end-users, the market is segmented into banks, financial service providers, insurance companies, large enterprises, and small and medium enterprises (SMEs). The SMEs in the financial industry stand out as the segment adopting financial cloud services rapidly. One of the primary factors driving the adoption of financial cloud services among SMEs is cost efficiency. Cloud services eliminate the need for significant upfront investments in IT infrastructure and maintenance costs. SMEs can leverage pay-as-you-go pricing models, reducing their overall IT expenses. Furthermore, Cloud service providers invest heavily in security measures to protect data and ensure compliance with industry regulations. SMEs can benefit from advanced security features that may be cost-prohibitive to implement in-house. Additionally, cloud services offer robust disaster recovery solutions, ensuring data backups and continuity of operations in the event of unforeseen disruptions. This feature is particularly crucial for SMEs with limited resources to invest in comprehensive disaster recovery plans. These developments along with others are driving the adoption of cloud-based services among the SMEs active in the financial industry.

For a better understanding of the market adoption of finance cloud, the market is analyzed based on its worldwide presence in countries such as North America (The U.S., Canada, and the Rest of North America), Europe (Germany, The U.K., France, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Rest of World. Europe holds the largest share of the finance cloud industry. One of the key factors contributing to this leadership position of Europe in the finance cloud market is its conducive financial regulatory environment helping the industry to thrive at an unprecedented rate, leading to the rapid adoption of cloud services. For instance, the European Union's Payment Services Directive 2 (PSD2) launched in 2017 in Europe, has played a pivotal role in fostering innovation and competition in the financial sector by enhancing and regulating electronic payment services by allowing third-party access to banking data through open banking APIs. Furthermore, the collaborative ecosystem in Europe amongst fintech, traditional banks, and regulatory bodies has laid down a very favorable environment for the cloud migration of financial services providers in the region. For instance, the partnership between the neo-banking services providers and the traditional banks has enabled these digital-only banks to expand fast and grow their consumer base at a rapid rate. For instance, the partnerships between UK-based neo-bank Revolut and traditional banks like HSBC, signal a shift towards collaboration in the European financial sector. Moreover, the high cultural acceptance of digital innovation in Europe has played a major driving force, in initiating the cloud migration of financial service providers. For instance, the rate at which a German-based neo-bank named N26 has reported its growth numbers regarding its consumer base, of about 7 million consumers across Europe underscores the cultural acceptance of neo-banking in the region. Factors like these have played a major driving force, making Europe one of the dominant regions where the digitalization of the banking industry has flourished the most, further leading to a surge in demand for finance cloud services in the region.

Some of the major players operating in the market include Amazon Web Services, Inc; Microsoft; Alphabet; IBM; Tencent Cloud; Salesforce, Inc; Oracle; Alibaba Cloud; Workday, Inc.; and SAP.

TABLE OF CONTENTS

1.MARKET INTRODUCTION

• 1.1. Market Definitions
• 1.2. Main Objective
• 1.3. Stakeholders
• 1.4. Limitation

2.RESEARCH METHODOLOGY OR ASSUMPTION

• 2.1. Research Process of the Finance Cloud Market
• 2.2. Research Methodology of the Finance Cloud Market
• 2.3. Respondent Profile

3.MARKET SYNOPSIS

4.EXECUTIVE SUMMARY

5.IMPACT OF COVID-19 ON THE FINANCE CLOUD MARKET

6.FINANCE CLOUD MARKET REVENUE (USD BN), 2022-2032F.

7.MARKET INSIGHTS BY SOLUTION

• 7.1. Financial Forecasting
• 7.2. Financial Reporting & Analysis
• 7.3. Security
• 7.4. Governance, Risk & Compliance

8.MARKET INSIGHTS BY SERVICES

• 8.1. Professional Services
• 8.2. Managed Services

9.MARKET INSIGHTS BY APPLICATION

• 9.1. Revenue Management
• 9.2. Wealth Management
• 9.3. Customer Management
• 9.4. Account Management

10.MARKET INSIGHTS BY END-USERS

• 10.1. Banks
• 10.2. Financial Service Providers
• 10.3. Insurance Companies
• 10.4. Large Enterprises
• 10.5. Small and Medium Enterprises (SMEs)

11.MARKET INSIGHTS BY REGION

• 11.1. North America
  • 11.1.1. The U.S.
  • 11.1.2. Canada
  • 11.1.3. Rest of North America
• 11.2. Europe
  • 11.2.1. Germany
  • 11.2.2. The U.K.
  • 11.2.3. France
  • 11.2.4. Italy
  • 11.2.5. Rest of Europe
• 11.3. Asia-Pacific
  • 11.3.1. China
  • 11.3.2. India
  • 11.3.3. Japan
  • 11.3.4. South Korea
  • 11.3.5. Rest of Asia-Pacific
• 11.4. Rest of the World

12.FINANCE CLOUD MARKET DYNAMICS

• 12.1. Market Drivers
• 12.2. Market Challenges
• 12.3. Impact Analysis

13.FINANCE CLOUD MARKET OPPORTUNITIES

14.FINANCE CLOUD MARKET TRENDS

15.DEMAND AND SUPPLY-SIDE ANALYSIS

• 15.1. Demand Side Analysis
• 15.2. Supply Side Analysis

16.VALUE CHAIN ANALYSIS

17.COMPETITIVE SCENARIO

• 17.1. Competitive Landscape
  • 17.1.1. Porters Five Forces Analysis

18.COMPANY PROFILED

• 18.1. Amazon Web Services, Inc
• 18.2. Microsoft
• 18.3. Alphabet
• 18.4. IBM
• 18.5. Tencent Cloud
• 18.6. Salesforce, Inc
• 18.7. Oracle
• 18.8. Alibaba Cloud
• 18.9. Workday, Inc.
• 18.10. SAP

19.DISCLAIMER