Global Finance Cloud Market to Reach US$ 186.8 Billion by 2032, Impelled by Significant Growth in BFSI Industry

November 10, 2022 | Technology & Media

According to the latest report by IMARC Group, titled “Finance Cloud Market Report by Type (Solution, Service), Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), Application (Wealth Management, Revenue Management, Account Management, Customer Relationship Management, Asset Management, and Others), and Region 2024-2032," the global finance cloud market reached a value of US$ 40.6 Billion in 2023. Finance cloud refers to an integrated online platform designed to manage an organization’s financial planning through cloud services. It allows users to automate, simplify, streamline, and evaluate various financial operations through information technology (IT) and software-as-a-service (SaaS) solutions. Finance cloud is widely used for business intelligence, resource planning, and managing wealth, assets, accounts, revenue, and customer relationships. It allows enterprises to build solutions, enhance revenue, and achieve greater customer satisfaction. Finance cloud is a cost-effective solution that helps organizations keep real-time track of assets, expenses, purchases, and sales while improving usability, enabling growth, supporting business transformation, and increasing collaboration.

Global Finance Cloud Market Trends:

The significant growth in the banking, financial services, and insurance (BFSI) industry across the globe is creating a positive outlook for the market. Finance cloud is widely used due to its lower costs, higher flexibility, better data management, operational enhancement, and risk mitigation. In addition, the rising utilization of the platform to accelerate digital transformation for making operations more resilient and scalable to meet rising demand is acting as another growth-inducing factor. Furthermore, the widespread adoption of finance cloud solutions to automate manual business procedures, increase information accuracy, and provide holistic, proactive, and goal-based advice to clients, is providing a considerable boost to the market growth. Additionally, the integration of artificial intelligence (AI) and machine learning (ML) to develop predictive modeling and enhance customer interaction through chatbots, surveillance, idea via unstructured data, and customized product offerings are positively influencing the market growth. Moreover, the rising incidences of data breached has fuelled the need for finance cloud to provide robust security features, such as data encryption, two-factor authentication, and zero-trust verification, which, in turn, is providing an impetus to the market growth. Other factors, including rising initiatives to promote digitalization and adoption of cloud services for financial inclusion, rising demand for customer relationship management (CRM), and the increasing requirement for operational efficiency and transparency among organizations, are anticipated to drive market growth. On account of the aforementioned factors, the market value is expected to reach US$ 186.8 Billion by 2032, exhibiting a CAGR of 18.1% during 2024-2032.

Market Summary:

  • On the basis of the type, the market has been divided into solution (financial forecasting, financial reporting and analysis, security, governance, risk, and compliance, and others) and service (professional and managed services).
  • Based on the deployment model, the market has been classified into public, private, and hybrid cloud.
  • On the basis of the enterprise size, the market has been bifurcated into large and small and medium-sized enterprises.
  • Based on the application, the market has been divided into wealth, revenue, account, customer relationship, asset, and other management.
  • On a regional basis, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the industry has also been examined, with some of the key players being Acumatica Inc., Amazon Web Services Inc. ( Inc.), Aryaka Networks Inc., Google LLC (Alphabet Inc.), International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Rapidscale Inc. (Cox Communications Inc.) and Salesforce Inc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Deployment Model, Enterprise Size, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Acumatica Inc., Amazon Web Services Inc. ( Inc.), Aryaka Networks Inc., Google LLC (Alphabet Inc.), International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Rapidscale Inc. (Cox Communications Inc.) and Salesforce Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St, Ste 
Sheridan, WY (Wyoming) 82801 USA
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Finance Cloud Market to Reach US$ 186.8 Billion by 2032, Impelled by Significant Growth in BFSI Industry
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More