$18.4 Billion Worldwide Finance Cloud Industry to 2027 – Impact of COVID-19 on the Market – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Feb 22, 2021–
The “Finance Cloud – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
The publisher brings years of research experience to the 9th edition of this report. The 118-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Finance Cloud Market to Reach $71.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Finance Cloud estimated at US$18.4 Billion in the year 2020, is projected to reach a revised size of US$71.5 Billion by 2027, growing at a CAGR of 21.4% over the analysis period 2020-2027.
Financial Reporting and Analysis, one of the segments analyzed in the report, is projected to record a 22.4% CAGR and reach US$18.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Financial Forecasting segment is readjusted to a revised 24.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.5 Billion, While China is Forecast to Grow at 20.9% CAGR
The Finance Cloud market in the U.S. is estimated at US$5.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$12.5 Billion by the year 2027 trailing a CAGR of 20.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.2% and 18.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.8% CAGR.
Security Segment to Record 21.6% CAGR
In the global Security segment, USA, Canada, Japan, China and Europe will drive the 21.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.5 Billion in the year 2020 will reach a projected size of US$17.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$8.4 Billion by the year 2027.
Competitors identified in this market include, among others:

  • Amazon Web Services, Inc.
  • Capgemini SE
  • Computer Sciences Corporation (CSC)
  • Google LLC
  • Huawei Technologies Co., Ltd.
  • IBM Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Salesforce. com, Inc.
  • SAP SE

Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Finance Cloud Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION

  • Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/wa34q2
View source version on businesswire.com:https://www.businesswire.com/news/home/20210222005620/en/
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KEYWORD:
INDUSTRY KEYWORD: TECHNOLOGY PROFESSIONAL SERVICES DATA MANAGEMENT FINANCE
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 02/22/2021 10:30 AM/DISC: 02/22/2021 10:31 AM
http://www.businesswire.com/news/home/20210222005620/en

Copyright Business Wire 2021.