Global Private and Public Cloud in Financial Services Industry
Cloud services are services where information can be stored on the internet and can be accessed remotely by any digital device with internet connection. This eliminates the need for a physical storage device and data is thus secured from loss and duplication. Due to their merits over physical storage, cloud based services are finding customers across various platforms, from IT sector to medicine. One such market that is increasingly gaining ground is Private and Public Cloud in Financial Services.
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In Public cloud, the user is not responsible for the management of the cloud hosting solution. The data is stored in the provider’s data center, and the provider is responsible for the maintenance of the data center, whereas, in private cloud model, services are provided for dedicated use of a single organization. However, susceptibility to cyber-attacks remains a concern for the market.
The report presents the Private and Public Cloud in Financial Services market w.r.to volume and value, at global, regional and company level. From global perspective, it takes into account the historical market data to predict and present the forecast over for the period 2018-2023. On regional level, it takes in account the market in key regions, i.e., North America, Europe, APAC, and Rest of the world. On company level, the report examines the market share, production capacity, revenue and forecast for each manufacturer.
Segmental Analysis
The report observes the global Private and Public Cloud in Financial Services market segments based on four aspects; product type, manufacturers, application, and region.
Segments on the basis of type include
Software as a Service (SaaS)
Infrastructure as a Service (IaaS)
Platform as a Service (PaaS)
Segments on the basis of Application include
Bank
Insurance Company
Securities Company
Others
Regional Analysis
Regions, in the report, have been divided into North America, Europe, and Asia Pacific (APAC), in the following manner:
North America- U.S. and Canada
South America- Mexico, Brazil, Argentina, Chile, and Rest of S.America
Europe- Germany, France, U.K., Italy, Russia, and Spain
APAC- China, Japan, India and Rest of Asia Pacific
North America and Europe are the market players in the market due to their technological superiority. China and India present markets with largest potential, due to their ever increasing economic strength and more and more people benefitting from financial inclusion.
The leading players are focusing on technological advancements to improve product quality. The long term development for this market can be attained by continuing the ongoing process improvements, demand generation, making the technology affordable and investing in the best industrial practices.
The report takes into account various factors, qualitative and quantitative, and reaches on conclusions based on extensive research of past trends, market behavior, industry performance, customer-behavior, technological potential and uses different methodologies like to arrive at an entirely new set of trade based study on the Private and Public Cloud in Financial Services market.
Research Objectives
1.) To gauge the past global trends in the market, and forecast the future course of the industry, with the use of effective and modern analytical tools.
2.) To provide detailed segmental analysis of the market based on product type, application and regions.
3.) To analyze the performance of key players in the industry, and study their market share, future strategies such as expansion, mergers, new launches, acquisitions, etc.
4.) To study key factors of growth and restraints in industry like opportunities, drivers, risks, criticism, and economy, market potential etc.
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