Public Cloud in BFSI Market to Reach USD 179.41 Billion by 2030 at 15% CAGR

This report provides a thorough examination of the Public Cloud in BFSI Market, offering valuable insights for investors, stakeholders, and industry observers. It delves into Market size, segmentation, key drivers and restraints, and emerging trends, providing a clear picture of the industry's current state and future trajectory. Beyond simply stating the factors, this analysis explores how these factors are likely to influence the Market.

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Research Methodology and Report Scope:

Our research methodology combines rigorous primary and secondary research techniques. A bottom-up approach is employed for Market sizing, while secondary sources, including company annual reports and financial statements, are used to identify key Market players. We conduct in-depth interviews with industry experts, thought leaders, business owners, and Marketing specialists to gather firsthand insights. This multi-faceted approach ensures the accuracy and depth of our analysis. The scope of the report encompasses a global perspective, with regional deep dives to understand Market nuances across different geographies.

Regional Market Insights:

The report features a comprehensive regional analysis, highlighting dominant regions and identifying high-growth potential areas for Public Cloud in BFSI. We analyze Market share, penetration rates, and growth trajectories in key regions, providing a granular understanding of regional Market dynamics. This includes an assessment of specific regional challenges and opportunities.

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Market Segmentation:

by Type

Infrastructure as a Service
Platform as a Service
Software as a Service
Others

The public cloud in BFSI market is divided into four categories: Infrastructure as a Service, Platform as a Service, Software as a Service, and Others. In 2023, the Infrastructure as a Service segment accounts for 45% of the market. Infrastructure as a service (IaaS) is a type of cloud computing service that provides on-demand computing, storage, and networking resources on a pay-as-you-go basis. IaaS, along with software as a service (SaaS), platform as a service (PaaS), and serverless, is one of four types of cloud services. Amazon Web Services (AWS), Microsoft Azure, Google Cloud, DigitalOcean, and Linode are some popular IaaS examples. Amazon Outposts, Azure Stack, and Google Anthos are among the platforms that provide on-premise IaaS solutions.

by Component

Software
Service

by Enterprise Size

SMEs
Large Enterprises

In 2023, the BFSI public cloud market was dominated by the small and medium enterprise sector, which generated over 70% of total revenue. Because of the reduced operating expenses, enhanced teamwork, greater flexibility, and quicker time to market, large businesses have been the most eager adopters. Businesses now use the cloud to modernize key business applications and procedures, whereas in the past they used it to develop apps and rehost infrastructure. Companies are expected to spend 24% more on public cloud in the upcoming years, per a 2019 survey by the Illinois-based software business Flexera.

by End-User

Banking
NBFCs
Others

In 2023, BFSI had a market share of more than 25%, making it the largest public cloud in terms of revenue. The BFSI sector has placed more focus on customer-centric business models and the digitization of commerce and wealth thanks to interoperability, secure storage, and 24/7 availability. Services like digital wallets, online financial transfers, payment gateways, and unified user experiences will also have a big impact on the BFSI industry because they will make the shift to public cloud solutions easier overall.

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Market Major Players:

1.Alibaba Group Holding Limited
2.Amazon.com Inc.
3.Adobe Inc.
4.Google LLC
5.IBM Corporation
6. Microsoft Corporation
7.Oracle Corporation
8.Salesforce.com Inc.
9.SAP SE
10.Workday, Inc.
11.Cisco Systems Inc.
12. Hewlett Packard Enterprise Company
13.Citrix Systems Inc.
14.Rackspace US Inc.
15. Equinix Inc.
16.Vmware Inc.
17.Panzura Inc.
18. RightScale Inc.
19.Dell EMC
20.Intel Corporation
21. Fujitsu Ltd.
22. NTT Communications Corporation
23.DXC Technology Company
24.Lumen Technologies Inc.

Key Questions Addressed:

What are the key factors driving and restraining the Public Cloud in BFSI Market?

What is the current Market size and what is the projected Market size by 2030?

Which regions offer the most lucrative opportunities for Public Cloud in BFSI?

Who are the leading players in the Public Cloud in BFSI Market and what are their competitive strategies?

What are the emerging trends shaping the future of the Public Cloud in BFSI Market?

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Key Offerings:

Historical Market Data and Competitive Landscape : Provides a baseline for understanding Market evolution.

Historical Pricing Trends and Regional Price Analysis : Offers insights into pricing dynamics and regional variations.

Market Size, Share, and Forecast by Segment : Provides detailed projections for each segment, allowing for targeted planning.

Market Dynamics (Drivers, Restraints, Opportunities, and Trends) by Region: Offers a nuanced understanding of regional Market dynamics.

In-depth Market Segmentation with Sub-segments and Regional Analysis: Enables precise Market targeting.

Competitive Landscape with Key Player Profiles and Strategic Analysis by Region: Provides insights into competitive dynamics.

Competitive Benchmarking of Key Players by Region: Facilitates competitive analysis.

Comprehensive PESTLE Analysis: Examines the political, economic, social, technological, legal, and environmental factors impacting the Market.

Porter's Five Forces Analysis: Assesses the competitive intensity and attractiveness of the Market.

Value Chain and Supply Chain Analysis: Provides insights into the flow of goods and services within the Market.

Legal and Regulatory Landscape by Region: Offers guidance on navigating regulatory complexities.

Identification of Lucrative Business Opportunities with SWOT Analysis: Helps identify potential areas for investment and growth.

Strategic Recommendations: Provides actionable insights for decision-making.

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