Finance Cloud Market Size, Industry Analysis By Component (Solution, Financial Forecasting, Financial Reporting & Analysis, Security, Governance, Risk & Compliance), Enterprise Size (Large Enterprises And Small & Medium Enterprises (Smes)), By Deployment Model (Public Cloud, Private Cloud, And Hybrid Cloud), By Application (Revenue Management, Business Intelligence, Asset Management, Customer Relationship Management, Enterprise Resource Planning) & Region - Forecast

  • 2022-02-08
  • 273
  • Banking & Finance


Global Finance Cloud Market Analysis by Component, Enterprise Size, Application, Deployment Type, Region and segments forecast till 2033


Market Overview

The finance cloud market size is estimated to grow from USD 36,660 million by 2022, at an estimated CAGR of 24.4% to reach a value of USD 210,060 million in 2033.


Report Scope

Report Attributes


Market Forecast in 2022

USD 36,660 million

Market Forecast in 2033

USD 210,060 million

CAGR % 2023-2033


Base Year


Historic Data


Forecast Period


Report USP

Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more

Key Companies

Amazon Web Services, Inc., Acumatica, Inc., ARYAKA NETWORKS, INC., Cisco Systems, Inc., International Business Machines Corporation, Microsoft, Oracle, SAP SE, Unit4, and Sage Group plc.


Global Finance Cloud Market- Description

Cloud is a network where programs run and can be accessed by many devices or servers at a time. It is a modern suite of powerful software options to manage the company’s finances. Moreover, it uses different finance management tools to prepare budgets, sends out invoices, account for all expenses, approves purchase requests, and handle payments. The finance cloud software helps companies to keep real-time track of expenses, assets, sales, and purchases. Companies are exploring the cloud and its advantages. Financial cloud software allows enterprises to achieve revenue and wealth management while maintaining customer relations. It creates a better customer experience. The business becomes more agile while eliminating miscommunication and manual errors.

Banking services and financial and insurance companies are opting for digital applications to quickly address customers’ queries and concerns by keeping in mind the long-term benefits as well as achieving a competitive advantage. For instance, Ess Kay Fincorp chose a cloud-based lending platform to digitize its entire lending business for decreasing its loan approval time by 33%. Operational efficiency is another factor driving the growth of the finance cloud market. Roha Housing Finance wanted to issue loans within two hours instead of three days. After adopting the agility and cost efficiency of cloud-based technology to offer a ‘customer-first’ approach, it was able to offer end-to-end loan processing in seven days, which is 50% faster than the housing finance industry benchmark.


Key Trends of the Global Finance Cloud Market:

·         Rise in Need for Operational Efficiency & Transparency in Business Processes

Traditionally, most of businesses invest time and effort in communicating business information and making decisions. Organizations aiming at becoming successful continuously seek systems that will help them serve their clients and increase their profit margin. Presently, cloud solutions have become strategic platforms, providing a solid foundation and information backbone for financial companies. Several financial institutions are using a hybrid mix of public and private clouds for handling back-office functions and core business processes such as payments and credit risk management.


·         Higher Investment & Maintenance Costs

The initial investment to acquire and implement a cloud system is substantial. Global software vendors such as Microsoft, SAP, Oracle, and IBM Corp. charge high costs for their solutions. In addition, these software vendors charge high fees for maintenance and support functions. The total annual cost of maintaining and updating the cloud system includes internal costs, external costs, and maintenance & support fees paid annually to cloud vendors.


Segmental Analysis of the Global Finance Cloud Market:

Based On Component:

• Solution

• Financial Forecasting

• Financial Reporting and Analysis

• Security

• Governance, Risk, and Compliance

• Policy Management

• Audit Management

• Compliance Management

• Incident and Risk Management

• Others

• Service

The security solution is expected to grow at the highest CAGR during the forecast period, followed by governance, risk, and compliance. Many financial organizations feel that security and risk related to in-house can be easily controlled compared to Cloud. Due to critical data confidentiality, compliance, and legal issues, cloud-based security solutions are gaining huge demand in the financial sector.


Based On Enterprise Size:

• Large Enterprises

• Small and Medium Enterprises


Based On Deployment Model:

• Private Cloud

• Public Cloud

• Hybrid Cloud


Based On Application:

• Revenue Management

• Business Management

• Asset Management

• Customer Relationship Management

• Enterprise Resource Planning

• Others

The customer management application is growing with the highest CAGR during the forecast period. In the banking and financial sector, customer response, feedback, and satisfaction with respect to solutions and service is a must. Therefore, customer management is one of the major applications catered to by the finance cloud vendors and is expected to grow during the forecast period.


Global Finance Cloud Market: Geographical Analysis

The global finance cloud market is further segmented into five major regions- North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Financial institutions across the Asia-Pacific region are embracing digital transformations and coming out to be the largest revenue shareholder in the global finance cloud market. This is allowing them to be more cost-efficient. In India, through Fintech initiatives, like Jan Dhan Yojana, Aadhaar, and the Unified Payments Interface (UPI), the Government of India is working toward digitizing payment systems and increasing financial inclusion. The New Zealand Government maintains a 'Cloud First' policy through which it seeks to be open to the benefit of emergent technologies and act as a leader in cloud adoption.


Global Finance Cloud Market: Recent Developments

·         In in March 2021, Oracle announced the launch of Oracle Financial Services Data Lake, a cloud-based platform designed to help financial institutions better manage their data. The platform is aimed at improving financial institutions' access to data and analytics, and enhancing their risk management and compliance capabilities.

·         IBM Partners with Bank of America to Launch Financial Cloud: In February 2021, IBM announced a collaboration with Bank of America to develop a financial services cloud platform. The platform is intended to provide financial institutions with a secure, flexible, and scalable infrastructure to support their digital transformation efforts.



Global Finance Cloud Market: Key Companies

·         Amazon Web Services, Inc.

·         Acumatica, Inc.


·         Cisco Systems, Inc.

·         International Business Machines Corporation

·         Microsoft

·         Oracle

·         SAP SE

·         Unit4

·         Sage Group plc.

·         Others


Global Finance Cloud Market: Regional Scope   

North America

·         U.S.

·         Canada

·         Mexico


·         U.K.

·         Germany

·         France

·         Italy

·         Spain

·         Rest of Europe

Asia Pacific

·         China

·         India

·         Japan

·         South Korea

·         Australia

·         Rest of Asia Pacific

South America

·         Brazil

·         Argentina

·         Rest of South America

Middle East and Africa

·         Saudi Arabia

·         UAE

·         Egypt

·         South Africa

·         Rest of Middle East and Africa


Why to buy this Report?

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Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.

Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.

1.    Global Finance Cloud Market Introduction and Market Overview

1.1.  Objectives of the Study

1.2.  Finance Cloud Market  Definition & Description

1.3.  Global Finance Cloud Market Scope and Market Estimation

1.3.1.     Global Finance Cloud Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023-2033)

1.3.2.     Global Finance Cloud Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033

1.4.  Market Segmentation

1.4.1.     Component of Global Finance Cloud Market

1.4.2.     Enterprise Size of Global Finance Cloud Market

1.4.3.     Deployment Model of Global Finance Cloud Market

1.4.4.     Application of Global Finance Cloud Market

1.4.5.     Region of Global Finance Cloud Market


2.    Executive Summary

2.1.  Global Finance Cloud Market Industry Trends under COVID-19 Outbreak

2.1.1.     Global COVID-19 Status Overview

2.1.2.     Influence of COVID-19 Outbreak on Global Finance Cloud Market Industry Development

2.2.  Market Dynamics

2.2.1.     Drivers

2.2.2.     Limitations

2.2.3.     Opportunities

2.2.4.     Impact Analysis of Drivers and Restraints

2.3.  Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.  Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.  Porter’s Five Forces Analysis

2.5.1.     Bargaining Power of Suppliers

2.5.2.     Bargaining Power of Buyers

2.5.3.     Threat of Substitutes

2.5.4.     Threat of New Entrants

2.5.5.     Competitive Rivalry

2.6.  Value Chain / Ecosystem Analysis

2.7.  PEST Analysis

2.8.  Russia-Ukraine War Impacts Analysis

2.9.  Economic Downturn Analysis

2.10. Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region


3.    Global Finance Cloud Market  Estimates & Historical Trend Analysis (2020 - 2022)


4.    Global Finance Cloud Market  Estimates & Forecast Trend Analysis, By Component

4.1.  Global Finance Cloud Market Revenue (US$ Mn) Estimates and Forecasts, By Component, 2023 to 2033

4.1.1.     Solution

4.1.2.     Financial Forecasting

4.1.3.     Financial Reporting and Analysis

4.1.4.     Security

4.1.5.     Governance, Risk, and Compliance

4.1.6.     Policy Management

4.1.7.     Audit Management

4.1.8.     Compliance Management

4.1.9.     Incident and Risk Management

4.1.10.  Others

4.1.11.  Service


5.    Global Finance Cloud Market  Estimates & Forecast Trend Analysis, By Enterprise Size

5.1.  Global Finance Cloud Market Revenue (US$ Mn) Estimates and Forecasts, By Enterprise Size, 2023 to 2033

5.1.1.     Large Enterprises

5.1.2.     Small and Medium Enterprises


6.    Global Finance Cloud Market  Estimates & Forecast Trend Analysis, By Deployment Model

6.1.  Global Finance Cloud Market Revenue (US$ Mn) Estimates and Forecasts, By Deployment Model, 2023 to 2033

6.1.1.     Private Cloud

6.1.2.     Public Cloud

6.1.3.     Hybrid Cloud


7.    Global Finance Cloud Market  Estimates & Forecast Trend Analysis, By Application

7.1.  Global Finance Cloud Market Revenue (US$ Mn) Estimates and Forecasts, By Application, 2023 to 2033

7.1.1.     Revenue Management

7.1.2.     Business Management

7.1.3.     Asset Management

7.1.4.     Customer Relationship Management

7.1.5.     Enterprise Resource Planning

7.1.6.     Others


8.    Global Finance Cloud Market  Estimates & Forecast Trend Analysis, By Region

8.1.  Global Finance Cloud Market Revenue (US$ Mn) Estimates and Forecasts, By Region, 2023 to 2033

8.1.1. North America

8.1.2. Europe

8.1.3. Asia Pacific

8.1.4. Middle East & Africa

8.1.5. South America


9.    North America  Finance Cloud Market: Estimates & Forecast Trend Analysis

9.1.  North America Finance Cloud Market Assessments & Key Findings

9.1.1.     North America Finance Cloud Market Introduction

9.1.2.     North America Finance Cloud Market Size Estimates and Forecast (US$ Million) (2023 to 2033)  Based On Component  Based On Enterprise Size  Based On Deployment Model  Based On Application  By Country   The U.S.   Canada   Mexico


10.  Europe  Finance Cloud Market: Estimates & Forecast Trend Analysis

10.1. Europe Finance Cloud Market Assessments & Key Findings

10.1.1.  Europe Finance Cloud Market Introduction

10.1.2.  Europe Finance Cloud Market Size Estimates and Forecast (US$ Million) (2023 to 2033)  Based On Component  Based On Enterprise Size  Based On Deployment Model  Based On Application  By Country          Germany          U.K.          France          Italy          Spain          Russia          Rest of Europe


11.  Asia Pacific  Finance Cloud Market: Estimates & Forecast Trend Analysis

11.1. Asia Pacific Market Assessments & Key Findings

11.1.1.  Asia Pacific Finance Cloud Market Introduction

11.1.2.  Asia Pacific Finance Cloud Market Size Estimates and Forecast (US$ Million) (2023 to 2033)  Based On Component  Based On Enterprise Size  Based On Deployment Model  Based On Application  By Country          China          Japan          India          Australia          South Korea          ASEAN          Rest of Asia Pacific


12.  Middle East & Africa  Finance Cloud Market: Estimates & Forecast Trend Analysis

12.1. Middle East & Africa Market Assessments & Key Findings

12.1.1.  Middle East & Africa  Finance Cloud Market Introduction

12.1.2.  Middle East & Africa   Finance Cloud Market Size Estimates and Forecast (US$ Million)  (2023 to 2033)  Based On Component  Based On Enterprise Size  Based On Deployment Model  Based On Application  By Country  U.A.E.  Saudi Arabia  Egypt  South Africa  Rest of Middle East & Africa


13.  South America  Finance Cloud Market: Estimates & Forecast Trend Analysis

13.1. South America Market Assessments & Key Findings

13.1.1.  South America Finance Cloud Market Introduction

13.1.2.  South America Finance Cloud Market Size Estimates and Forecast (US$ Million) (2023 to 2033)  Based On Component  Based On Enterprise Size  Based On Deployment Model  Based On Application  By Country  Brazil  Argentina  Colombia  Rest of South America


14.  Competition Landscape

14.1. Global Finance Cloud Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

14.2. Global Finance Cloud Market Concentration & Company Market Shares (%) Analysis, 2022


15.  Company Profiles

15.1.    Amazon Web Services, Inc.

15.1.1.    Company Overview & Key Stats

15.1.2.    Financial Performance & KPIs

15.1.3.    Product Portfolio

15.1.4.    Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

15.2.    Acumatica, Inc.


15.4.    Cisco Systems, Inc.

15.5.    International Business Machines Corporation

15.6.    Microsoft

15.7.    Oracle

15.8.    SAP SE

15.9.    Unit4

15.10. Sage Group plc.

15.11. Others**


16.  Research Methodology

16.1. External Transportations / Databases

16.2. Internal Proprietary Database

16.3. Primary Research

16.4. Secondary Research

16.5. Assumptions

16.6. Limitations

16.7. Report FAQs


17.  Research Findings & Conclusion


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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).


The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

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The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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