Global Private and Public Cloud Market in the Financial Services Industry Market 2024-2028

The private and public cloud market in the financial services industry is forecasted to grow by USD 106.43 bn during 2023-2028, accelerating at a CAGR of 19% during the forecast period. The report on the private and public cloud market in the financial services industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	17.27%
CAGR	19%
Incremental Value	$106.43bn

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for virtually unlimited storage and big data, increased focus on cost optimization and scaling computation, and high focus on sustainability using green IT.

Technavio's private and public cloud market in the financial services industry is segmented as below:

By Service Type

SaaS
IaaS
PaaS

By Deployment

Public cloud
Private cloud

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the development of openstack as one of the prime reasons driving the private and public cloud market in the financial services industry growth during the next few years. Also, emergence of blockchain technology and increasing adoption of market intelligence in financial firms will lead to sizable demand in the market.

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

Private and public cloud market in the financial services industry sizing
Private and public cloud market in the financial services industry forecast
Private and public cloud market in the financial services industry industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading private and public cloud market in the financial services industry vendors that include Akamai Technologies Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., Equinix Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Juniper Networks Inc., Microsoft Corp., NetApp Inc., Oracle Corp., Rackspace Technology Inc., Salesforce Inc., SAP SE, SS and C Technologies Holdings Inc., Temenos AG, and VMware Inc.. Also, the private and public cloud market in the financial services industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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 an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR70825

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Service Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Deployment
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global private and public cloud market in the financial services industry 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global private and public cloud market in the financial services industry 2018 - 2022 ($ billion)
4.2 Service Type Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Service Type Segment 2018 - 2022 ($ billion)
4.3 Deployment Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Deployment Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Service Type

6.1 Market segments
Exhibit 30: Chart on Service Type - Market share 2023-2028 (%)
Exhibit 31: Data Table on Service Type - Market share 2023-2028 (%)
6.2 Comparison by Service Type
Exhibit 32: Chart on Comparison by Service Type
Exhibit 33: Data Table on Comparison by Service Type
6.3 SaaS - Market size and forecast 2023-2028
Exhibit 34: Chart on SaaS - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on SaaS - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on SaaS - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on SaaS - Year-over-year growth 2023-2028 (%)
6.4 IaaS - Market size and forecast 2023-2028
Exhibit 38: Chart on IaaS - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on IaaS - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on IaaS - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on IaaS - Year-over-year growth 2023-2028 (%)
6.5 PaaS - Market size and forecast 2023-2028
Exhibit 42: Chart on PaaS - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on PaaS - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on PaaS - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on PaaS - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Service Type
Exhibit 46: Market opportunity by Service Type ($ billion)
Exhibit 47: Data Table on Market opportunity by Service Type ($ billion)

7 Market Segmentation by Deployment

7.1 Market segments
Exhibit 48: Chart on Deployment - Market share 2023-2028 (%)
Exhibit 49: Data Table on Deployment - Market share 2023-2028 (%)
7.2 Comparison by Deployment
Exhibit 50: Chart on Comparison by Deployment
Exhibit 51: Data Table on Comparison by Deployment
7.3 Public cloud - Market size and forecast 2023-2028
Exhibit 52: Chart on Public cloud - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Public cloud - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Public cloud - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Public cloud - Year-over-year growth 2023-2028 (%)
7.4 Private cloud - Market size and forecast 2023-2028
Exhibit 56: Chart on Private cloud - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Private cloud - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Private cloud - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Private cloud - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Deployment
Exhibit 60: Market opportunity by Deployment ($ billion)
Exhibit 61: Data Table on Market opportunity by Deployment ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Canada - Market size and forecast 2023-2028
Exhibit 95: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
Exhibit 99: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 Germany - Market size and forecast 2023-2028
Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ billion)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 Alibaba Group Holding Ltd.
Exhibit 115: Alibaba Group Holding Ltd. - Overview
Exhibit 116: Alibaba Group Holding Ltd. - Business segments
Exhibit 117: Alibaba Group Holding Ltd. - Key offerings
Exhibit 118: Alibaba Group Holding Ltd. - Segment focus
12.4 Alphabet Inc.
Exhibit 119: Alphabet Inc. - Overview
Exhibit 120: Alphabet Inc. - Business segments
Exhibit 121: Alphabet Inc. - Key news
Exhibit 122: Alphabet Inc. - Key offerings
Exhibit 123: Alphabet Inc. - Segment focus
12.5 Amazon.com Inc.
Exhibit 124: Amazon.com Inc. - Overview
Exhibit 125: Amazon.com Inc. - Business segments
Exhibit 126: Amazon.com Inc. - Key news
Exhibit 127: Amazon.com Inc. - Key offerings
Exhibit 128: Amazon.com Inc. - Segment focus
12.6 Cisco Systems Inc.
Exhibit 129: Cisco Systems Inc. - Overview
Exhibit 130: Cisco Systems Inc. - Business segments
Exhibit 131: Cisco Systems Inc. - Key news
Exhibit 132: Cisco Systems Inc. - Key offerings
Exhibit 133: Cisco Systems Inc. - Segment focus
12.7 Dell Technologies Inc.
Exhibit 134: Dell Technologies Inc. - Overview
Exhibit 135: Dell Technologies Inc. - Business segments
Exhibit 136: Dell Technologies Inc. - Key news
Exhibit 137: Dell Technologies Inc. - Key offerings
Exhibit 138: Dell Technologies Inc. - Segment focus
12.8 Hewlett Packard Enterprise Co.
Exhibit 139: Hewlett Packard Enterprise Co. - Overview
Exhibit 140: Hewlett Packard Enterprise Co. - Business segments
Exhibit 141: Hewlett Packard Enterprise Co. - Key news
Exhibit 142: Hewlett Packard Enterprise Co. - Key offerings
Exhibit 143: Hewlett Packard Enterprise Co. - Segment focus
12.9 International Business Machines Corp.
Exhibit 144: International Business Machines Corp. - Overview
Exhibit 145: International Business Machines Corp. - Business segments
Exhibit 146: International Business Machines Corp. - Key news
Exhibit 147: International Business Machines Corp. - Key offerings
Exhibit 148: International Business Machines Corp. - Segment focus
12.10 Microsoft Corp.
Exhibit 149: Microsoft Corp. - Overview
Exhibit 150: Microsoft Corp. - Business segments
Exhibit 151: Microsoft Corp. - Key news
Exhibit 152: Microsoft Corp. - Key offerings
Exhibit 153: Microsoft Corp. - Segment focus
12.11 NetApp Inc.
Exhibit 154: NetApp Inc. - Overview
Exhibit 155: NetApp Inc. - Business segments
Exhibit 156: NetApp Inc. - Key news
Exhibit 157: NetApp Inc. - Key offerings
Exhibit 158: NetApp Inc. - Segment focus
12.12 Oracle Corp.
Exhibit 159: Oracle Corp. - Overview
Exhibit 160: Oracle Corp. - Business segments
Exhibit 161: Oracle Corp. - Key news
Exhibit 162: Oracle Corp. - Key offerings
Exhibit 163: Oracle Corp. - Segment focus
12.13 Rackspace Technology Inc.
Exhibit 164: Rackspace Technology Inc. - Overview
Exhibit 165: Rackspace Technology Inc. - Product / Service
Exhibit 166: Rackspace Technology Inc. - Key offerings
12.14 Salesforce Inc.
Exhibit 167: Salesforce Inc. - Overview
Exhibit 168: Salesforce Inc. - Product / Service
Exhibit 169: Salesforce Inc. - Key news
Exhibit 170: Salesforce Inc. - Key offerings
12.15 SAP SE
Exhibit 171: SAP SE - Overview
Exhibit 172: SAP SE - Business segments
Exhibit 173: SAP SE - Key news
Exhibit 174: SAP SE - Key offerings
Exhibit 175: SAP SE - Segment focus
12.16 SS and C Technologies Holdings Inc.
Exhibit 176: SS and C Technologies Holdings Inc. - Overview
Exhibit 177: SS and C Technologies Holdings Inc. - Product / Service
Exhibit 178: SS and C Technologies Holdings Inc. - Key news
Exhibit 179: SS and C Technologies Holdings Inc. - Key offerings
12.17 VMware Inc.
Exhibit 180: VMware Inc. - Overview
Exhibit 181: VMware Inc. - Product / Service
Exhibit 182: VMware Inc. - Key news
Exhibit 183: VMware Inc. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 184: Inclusions checklist
Exhibit 185: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 186: Currency conversion rates for US$
13.4 Research methodology
Exhibit 187: Research methodology
Exhibit 188: Validation techniques employed for market sizing
Exhibit 189: Information sources
13.5 List of abbreviations
Exhibit 190: List of abbreviations