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Finance Cloud Market vendors by Share & Growth Strategies - 2021 | MarketsandMarkets

  • Writer: dheeraj pawar
    dheeraj pawar
  • Aug 27, 2020
  • 3 min read

According to a research report "Finance Cloud Market by Solution (Financial Reporting and Analysis, Security, Governance, Risk and Compliance), Service, Application, Deployment Model, Organization Size, Vertical, Region - Global Forecast to 2021", The finance cloud market size is expected to grow from USD 9.89 Billion in 2016 to USD 29.47 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 24.4% during the forecast period. The major drivers of this market include need for business agility and focus, green IT and increasing need for customer management.

Browse 64 market data Tables and 36 Figures spread through 161 Pages and in-depth TOC on “Agriculture Analytics Market- Global Forecast to 2023"




North America is the leading region in terms of market share in the finance cloud market space.

North America is expected to hold the largest market share and dominate the finance cloud market in 2016, due to the larger internet penetration rate and strong economy that has shifted isolated infrastructure to cloud in the region. APAC is expected to grow at the highest rate during this forecast period. Reduce CapEx spending, low IT management complexity, improved agility and security are some of the major driving factors contributing to the growth of cloud computing in the North America.

Market Players

The major vendors covered in the finance cloud market for the study are Oracle Corporation (California, U.S.), Google, Inc. (California, U.S.), International Business Machines (California, U.S.), Corporation (New York, U.S.), Amazon Web Services Inc. (Washington, U.S.), SAP SE Inc. (Walldorf, Germany), Computer Sciences Corporation (Virginia, U.S), Microsoft Corporation (Washington, U.S.), Salesforce.com (California, U.S.), Huawei Technologies Co., Ltd (Guangdong, China) and Capgemini (Paris, France).

In January 2016, SAP SE and Accenture have entered into a partnership where Accenture will be able to leverage the benefits of SAP S/4HANA where simplified user experience along with increased financial functions productivity will be enhanced. While in January 2014, SAP SE launched the SAP Simple Finance Solution known as SAP S /4HANA Finance where a common view of all financial and operational data will be provided as well as financial implications of businesses can be evaluated with real time analytics, prediction and simulation along with better user experience

In September 2016, Salesforce has entered into a partnership with Accenture where Accenture will be providing Salesforce with the Accenture Wealth management Compliance Solutions which will help financial advisors capture client data such as investing experience, risk tolerance and investment goals as well as the solution’s decision tools will guide the advisors through the product selection process. While in October 2015, Salesforce partnered with Yodlee where Yodlee will help Salesforce Financial Services Cloud to provide advisors with a holistic view of clients’ financial accounts including benefits such as delivering smarter, more personalized advice, improved regulatory compliance and garner increased assets under management.

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