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.
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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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.
The report has offered an all-inclusive analysis of the global Public Cloud Service Market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth.
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Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.
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 is provided to determine the market potential.
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The report presents in-depth insights into each of the leading Public Cloud Service market end user verticals along with annual forecasts to 2032. The report provides revenue forecast with sales, and sales growth rate of the global Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.
Key Market Players:
► Microsoft Corporation
► Amazon Web Services Inc.
► Oracle
► Salesforce.com Inc.
► Alibaba Group Holding Limited
► SAP SE
► Adobe Inc.
► International Business Machines Corporation (IBM)
► Google LLC
► Workday Inc.
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