Key players operating in this Public Cloud Service Market in BFSI Market are Amazon.com, Inc, Google, Hewlett-Packard Enterprise, IBM Corporation, Microsoft, Rackspace Inc, Cisco Systems, Inc, Dell Inc, Oracle, and SAP SE.

Cloud is an environment that provides scalable and measurable IT resources and works with virtual components rather than actual physical hardware. Banks opt for cloud technology due to the increase in data input. Reduction in hardware cost as well as flexibility and scalability for availability of data are advantages of adopting cloud technology.

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Reduction in IT infrastructure investments predominantly drive the market growth. In addition, rise in investments in local data centers also fuel the market growth. However, latency in data retrieval and interruptions in data transmissions restrain the growth of the market. Ability of cloud technology to provide flexibility in deployment models, which in turn enhance the BFSI sector to be more agile makes way for market growth opportunities.

The global public cloud service in BFSI market is segmented on the basis of service type, end user, and region. Based on service type, it is bifurcated into infrastructure as a service (IAAS) and platform as a service (PAAS). The end user segment includes banks, trade finance houses, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Public Cloud Service Market in BFSI Market by Service Type (Infrastructure as a Service (IAAS) and Software as a Service (SAAS)) and End User (Banks, Trade Finance houses, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023

Key players operating in this market are Amazon.com, Inc, Google, Hewlett-Packard Enterprise, IBM Corporation, Microsoft, Rackspace Inc, Cisco Systems, Inc, Dell Inc, Oracle, and SAP SE.

Key Benefits

The study provides an in-depth analysis of the global public cloud service in BFSI market and current & future trends to elucidate the imminent investment pockets.
Information about the key drivers, restrains, and opportunities are provided.
Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2017 to 2023 is provided to determine the market potential.

Public Cloud Service Market Key Segments:
By Service type
Infrastructure as a service (IAAS)
Software as a service (SAAS)

By End User
Banks
Trade Finance Houses
Others

By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
LAMEA
Latin America
Middle East
Africa

Key Market Players Profiled In The Report

Amazon.com, Inc
Google
Hewlett-Packard Enterprise
IBM Corporation
Microsoft
Rackspace Inc
Cisco Systems, Inc
Dell Inc
Oracle
SAP SE

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