Private and Public Cloud Market Analysis, Growth, Trends and Forecast 2016

Private and Public Cloud Market Analysis, Share and Size, Emerging
Trends, Overview and Outlook, Growth And Segment Forecasts To
2020
Technavio Announces the Publication of its Research Report – Global Private and Public Cloud Market in
Financial Services Industry 2016-2020
Technavio recognizes the following companies as the key players in the global private and public cloud
market in financial services industry: AWS, CSC, Eze Castle Integration, Fujitsu, Google, IBM, Jack Henry
& Associates, Microsoft, Oracle, Rackspace, Red Hat, Salesforce.com, and VMware
Other Prominent Vendors in the market are: Accenture, Alibaba Group Holding, Box, EMC, Fiserv, HPE,
Huawei Technologies, Infosys, and SAP
Browse full report with [email protected] https://marketreportscenter.com/reports/374139/global-private-andpublic-cloud-market-in-the-financial-services-industry-2016-2020
Commenting on the report, an analyst from Technavio’ s team said that development of OpenStack is
one of the trends spurring growth for the market. OpenStack is an open-source cloud-based computing
technology started as a joint project by Rackspace and NASA in 2010. The technology involves a set of
software tools that help manage and build cloud-computing platforms in the cloud. The open-source
software is backed by major companies and many individual community members are involved in
software development and hosting. OpenStack is considered the future of cloud computing.
According to the report, growing demand for virtually unlimited storage and big data is a key driver
aiding to the growth of this market. Financial services are one of the most data-intensive industries.
They are built on large IT infrastructures that process substantial volumes of data on a daily basis. A
large amount of data is produced by financial firms through numerous sources such as online loan
application data, bank transactions data, and stock and commodities trading. Financial institutions also
need to gather and interpret unstructured and social data from sources such as the internet, mobile
devices, and social media to gain advanced operational insights.
Further, the report states that data security and privacy is challenge the market is facing. The
operational structure of financial services institutions makes it necessary for institutions to have strict
data security standards compared with other industries. The increase in data privacy regulations and
potential reputational menaces related to data breaches increase the demand for the data privacy
policy. To explore emerging growth opportunities, financial firms need to be flexible in sharing
confidential customer data between different branches, partners, or third parties, without
compromising on compliance with regulations and the company’ s reputation.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
Request A Sample copy of This Report @ https://marketreportscenter.com/request-sample/374139
About Financial Services
Financial services are the services offered by the financial sector to help credit companies, insurance
companies, account companies, banks, investment fund firms, and finance firms to manage capital. The
financial services industry is shifting toward the adoption of cloud for business operations to avoid IT
infrastructure costs and operational expenditure. Cloud improves performance, increases efficiency, and
ensures the security of business operations and business data. There are many vendors offering cloudbased solutions to financial services based on their business requirements. Both private and public cloud
solutions are used in the financial services industry. Private cloud solutions are used more often by
financial institutions as they offer better security of financial data, flexibility when expanding their
operations, and customization based on business requirements.
Technavio’ s analysts forecast the global private and public cloud market in financial services industry to
grow at a CAGR of 13.12% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global private and public cloud
market in financial services industry for 2016-2020. To calculate the market size, the report considers
the revenue generated from solutions and the fee charged for subscription of the public and private
cloud for financial services.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Private and Public Cloud Market in Financial Services Industry 2016-2020, has
been prepared based on an in-depth market analysis with inputs from industry experts. The report
covers the market landscape and its growth prospects over the coming years. The report also includes a
discussion of the key vendors operating in this market.
To Get Discount On The Report @ https://marketreportscenter.com/request-discount/374139
Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]

According to the report, growing demand for virtually unlimited storage and big data is a key driver aiding to the growth of this market