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Public Cloud Service Market Opportunities and Forecasts,2021-2028

06-30-2021 01:33 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Public Cloud Service Market Opportunities

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.

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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.
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.

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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.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based inPortland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in theirrespective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics,Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data
that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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