The global finance cloud market is anticipated to grow at a CAGR of 22.0% during the forecast period. The growing partnerships among key players to expand their footprints, reach or intensify their product portfolio are key contributors to the growth of the global finance cloud market. For instance, in November 2023, Infosys has struck a three-year partnership with Amazon Web Services (AWS) a strategic move to advance cloud transformation within the financial sector across Europe, the Middle East, and Africa (EMEA). This collaboration is expected to deliver technology-driven solutions and industry-specific innovations to financial organizations in the region. This partnership would involve joint investments in go-to-market strategies and delivery capabilities to accelerate cloud adoption.
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Further, in May 2023, Mambu, a SaaS cloud banking platform, announced its availability on Google Cloud Marketplace. This opens the door for more fintechs, neobanks, traditional banks, and non-financial institutions to embrace cloud technology. The announcement builds on Mambu's existing partnership with Google Cloud, which has allowed the fintech to expand its reach and seamlessly deliver its core banking services globally. By making Mambu available on Google Cloud Marketplace, more shared customers enjoy a highly scalable, secure platform, with open access to new markets, and above all, a decreased time to market as they launch innovative financial products. Such partnerships are anticipated to drive the market growth.
Global Finance Cloud Market Report Segment
By Deployment
- Public Cloud
- Private Cloud
By Solution &Services
- Financial Forecasting
- Financial Reporting & Analysis
- Security
- Governance, Risk, & Compliance
- Professional Services
- Managed Services
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Finance Cloud Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
· Acumatica Inc.
· Alibaba Group Holding Ltd.
· Amazon Web Services, Inc.
· Cisco Systems, Inc.
· DXC Technology Inc.
· Hewlett Packard Enterprise
· Huawei Technologies Co. Ltd.
· IBM Corp.
· Nutanix, Inc.
· SAGE Group
· Salesforce.com Inc.
· Snowflake Inc.
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