From GlobeNewswire: 2024-04-29 18:30:00

The finance cloud market is projected to exceed $158 billion by 2032, driven by digital transformation and collaborations. Cloud service providers, fintech firms, and traditional financial institutions are teaming up to develop tailored cloud solutions. The asset management segment will see significant growth, with cloud-based solutions empowering informed decision-making. Asia Pacific’s market will record notable growth due to digital transformation and government initiatives. Major players like Salesforce, Oracle, and Microsoft are expanding market share through strategic initiatives and product innovations.

Cloud-based asset management solutions offer real-time analytics, portfolio management, and risk assessment capabilities, driving informed decision-making in financial firms. The solution segment, covering core banking, risk management, and CRM, will experience substantial growth as financial institutions demand cost-effective and advanced financial software. Asia Pacific’s finance cloud market will see substantial growth from expanding economies, tech investments, and a growing fintech ecosystem.

Major players in the finance cloud market are expanding their market share through strategic initiatives like mergers and acquisitions and product innovations. By investing in research and development, companies like Salesforce and Oracle stay ahead of trends, positioning themselves as leaders. For instance, the RBI introduced a community cloud for India’s financial sector for security and scalability. The finance cloud market will continue to evolve through innovation and strategic partnerships.



Read more at GlobeNewswire: Finance Cloud Market to surpass $158 bn by 2032, Says