Global Private and Public Cloud Market in Financial Services Industry 2014-2018

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Published : Aug-2014
No. of Pages : 74

Report Description

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Financial services are the services offered by the Financial sector that help credit companies, insurance companies, accounts companies banks, and investment funds, and certain finance firms manage capital. Changing technology assists in the growth of the Financial Services industry. Cloud computing, for instance, when used in the industry, helps reduce ongoing operational costs. Other benefits of cloud computing also includes its ability to help financial industries gain better reach and customers in the market. Both private and public cloud solutions are used in the Financial Services industry. Private cloud solutions are used more often by financial institutions as they offer better security and can be customized in comparison to public cloud solutions. This factor will lead to the increased growth of the Financial Services industry in 2018.

TechNavio’s analysts forecast the Global Private and Public Cloud Market in Financial Services to grow at a CAGR of 24.85 percent over the period 2013-2018.

Covered in this Report

This report covers the present scenario and the growth prospects of the Global Private and Public Cloud market in Financial Services Industry for the period 2013-2018. To calculate the market size, the report considers revenue generated from SaaS, IaaS, PaaS, and BPaaS for the private and public cloud. It also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market. In addition, the report discusses the major drivers that influence the growth of the Global Private and Public Cloud market in Financial Services Industry. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.

Key Regions

  • Americas
  • EMEA
  • APAC

Key Vendors

  • Accenture Plc
  • IBM Corp.
  • Infosys Technologies Ltd.
  • Fujitsu Ltd.

Other Prominent Vendors

  • Amazon Web Services
  • Capgemini
  • Cisco
  • CSC
  • Dimension Data
  • EMC
  • HP
  • Microsoft
  • PwC
  • Unisys
  • Wipro

Market Driver

  • Ability to Reduce Costs
  • For a full, detailed list, view our report

Market Challenge

  • High Initial Costs of Private Cloud Adoption
  • For a full, detailed list, view our report

Market Trend

  • Increased Mobilization of Applications
  • For a full, detailed list, view our report

Key Questions Answered in this Report

  • What will the market size be in 2018 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Table of Contents

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings

04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology

05. Introduction

06. Market Description
06.1 Services Offered by Financial Companies
06.2 Cloud Implementation in Financial Services Organizations
06.3 Cloud Adoption in the Financial Services Industry
06.4 Advantages of Using Cloud in the Financial Services Industry

07. Market Landscape
07.1 Market Overview
07.2 Global Cloud Market in Financial Services Industry
07.3 Global Private Cloud Market in Financial Services Industry
07.4 Financial Services Industry as a Segment of Global Private Cloud Market
07.5 Global Public Cloud Market in Financial Services Industry
07.6 Financial Services Industry as a Segment of Global Public Cloud Market
07.7 Five Forces Analysis

08. Preference of Cloud over On-premises

09. Comparison between Public and Private Cloud
09.1 Advantages of Public Cloud
09.2 Disadvantages of Public Cloud
09.3 Advantages of Private Cloud
09.4 Disadvantages of Private Cloud

10. Cloud Computing in Financial Services Industry

11. Impact of Public and Private Cloud in Financial Services Applications

12. Geographical Segmentation

13. Key Leading Countries
13.1 US
13.2 Germany

14. Buying Criteria

15. Market Growth Drivers

16. Drivers and their Impact

17. Market Challenges

18. Impact of Drivers and Challenges

19. Market Trends

20. Trends and their Impact

21. Vendor Landscape
21.1 Competitive Scenario
21.2 Market Share Analysis 2013
21.2.1 Accenture
21.2.2 IBM
21.2.3 Infosys
21.2.4 Fujitsu
21.3 Other Prominent Vendors

22. Key Vendor Analysis
22.1 Accenture
22.1.1 Business Overview
22.1.2 Business Segmentation
22.1.3 Key Information
22.1.4 SWOT Analysis
22.2 Fujitsu
22.2.1 Business Overview
22.2.2 Business Segmentation
22.2.3 Key Information
22.2.4 SWOT Analysis
22.3 IBM
22.3.1 Business Overview
22.3.2 Business Segmentation
22.3.3 Key Information
22.3.4 SWOT Analysis
22.4 Infosys
22.4.1 Business Overview
22.4.2 Business Segmentation
22.4.3 Key Information
22.4.4 SWOT Analysis

23. Other Reports in this Series

List of Exhibits

Exhibit 1: Market Research Methodology
Exhibit 2: Services Offered by Financial Companies
Exhibit 3: Cloud Implementation in Financial Services Organizations
Exhibit 4: Comparison among the Three Cloud Deployment Phases
Exhibit 5: Advantages of Using Cloud in Financial Services Industry
Exhibit 6: Global Cloud Market in Financial Services Industry 2013-2018 (US$ billion)
Exhibit 7: Global Private Cloud Market in Financial Services Industry 2013-2018 (US$ billion)
Exhibit 8: Financial Services Industry as a Segment of Global Private Cloud Market 2013
Exhibit 9: Global Public Cloud Market in Financial Services Industry 2013-2018 (US$ billion)
Exhibit 10: Financial Services Industry as a Segment of Global Public Cloud Market 2013
Exhibit 11: Investment in On-premises Application Software
Exhibit 12: Investment in Cloud Application Software
Exhibit 13: Difference Between On-premises and Cloud Software in Terms of Total Cost of Ownership
Exhibit 14: Cloud Computing in Financial Services Industry by End-user
Exhibit 15: Impact of Public Cloud in Financial Services Applications
Exhibit 16: Impact of Private Cloud in Financial Services Applications
Exhibit 17: Global Private and Public Cloud Market in Financial Services Industry by Geographical Segmentation 2013
Exhibit 18: Financial Services Offered by Accenture
Exhibit 19: Financial Services and Consulting Solutions Offered by IBM
Exhibit 20: Financial Services Offered by Infosys
Exhibit 21: Financial Services Offered by Fujitsu
Exhibit 22: Business Segmentation of Accenture
Exhibit 23: Business Segmentation of Fujitsu 2013
Exhibit 24: Business Segmentation of IBM
Exhibit 25: Business Segmentation of Infosys 2013

Press Release

"TechNavio Announces the Publication of its Research Report - Global Private and Public Cloud Market in Financial Services Industry 2014-2018

TechNavio recognizes the following companies as the key players in the Global Private and Public Cloud Market in Financial Services Industry are: Accenture plc, Fujitsu Ltd., IBM Corp. and Infosys Technologies Ltd.

Other Prominent Vendors in the market are: Amazon Web Services, Capgemini, Cisco, Dimension Data, EMC, HP and Unisys.

Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends in the market is the increased mobilization of applications. Employees currently use their own cellphones in the corporate environment. In addition, organizations provide better infrastructure facilities for employees to use private and public clouds for sharing information and using that particular information for business purposes.”

According to the report, cloud computing's ability to reduce costs is one major driver in the market. By adopting private and public cloud services, enterprises reduce capital and operational expenditure. Services are procured through the internet, which is economically beneficial for enterprises.

Further, the report states that one of the challenges that market faces are the high initial costs of private cloud solutions. Vendors need to restructure enterprise infrastructures and procure virtualization applications before adopting private clouds. A change is also required in the application delivery models, which makes it difficult for end-users to adjust to the new methodologies to optimize their performance.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Filed in: Information Technology
Publisher : Infiniti Research Limited
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