Cloud Computing in Retail Banking - Thematic Research
Cloud computing (IaaS, PaaS, SaaS, private, and hybrid) accounted for 9.5% of a global ICT market that was worth US$2 trillion in 2017. Whilst the global ICT market is forecast to grow at a CAGR of 5.7% over the next five years, cloud computing revenues, which passed US$193 billion in 2017, are growing at 18%. In theory, the entire IT market could shift to the cloud, so the disruption yet to be unleashed onto the global software and IT services sector is likely to be substantial.
The Cloud Computing in Retail Banking industry development trends and marketing channels are analyzed. Finally the feasibility of new investment projects are assessed and overall research conclusions offered. With the tables and figures the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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Some of the leading players in the Cloud Computing in Retail Banking market include, Amazon, EllieMae, IBM, Infosys, Intuit, Medidata, Microsoft, Oracle, Salesforce.com, SAP, TCS, Veeva Systems, Wipro, Workday, BBVA, Bankinter, Capital One, DBS, Starling Bank, TD Bank
The Report provides key statistics on the market status of the Cloud Computing in Retail Banking Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
Historically, retail banks have been slow to invest in cloud computing technology due to regulatory compliance issues, concerns around data security and privacy, and a lack of the skills required for management and maintenance.
However, as the sources of competitive advantage shift in banking, away from products and towards data, cloud migration has become a strategic priority; not only to enable a more synthesized view of customers across product holdings and channels, but to reduce operating costs, increase flexibility, and reduce time-to-market.
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This report analyses the impact of cloud computing in retail banking.
-It discusses the benefits and uses of cloud computing in banking.
-It identifies the winners in the cloud computing technology theme.
These questions are mentioned below:
•What are the main factors likely to encourage the growth of global Cloud Computing in Retail Banking market?
•Which factors are expected to limit the development of the global Cloud Computing in Retail Banking market?
•Which application and product segments are anticipated to top in the forecast period?
•Which geographical segment is expected to lead and hold the main share of the global Cloud Computing in Retail Banking market in the next few years?
•What are the projected values and growth rate of the global Cloud Computing in Retail Banking market?
•Which are the key players operating in the global Cloud Computing in Retail Banking market?