Allied Market Research
Loading...
Cart
0
Allied Market Research

Banking Cloud Services Market By Service Type (Infrastructure-as-a-Service, Platform-as-a-Service, Software-as-a-Service, and Others) Application (Payments, Customer & Channel Management, Processing Services, Risk Management, and Others), and End User (Retail Banking, Corporate Banking, Investment Banking, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A07600
Pages: NA
Dec 2020 | 122 Views
 
Author(s) : NA
Tables: NA
Charts: NA
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Banking Cloud Services Market

Request Now !

Banking Cloud Services Market Outlook – 2027 

The global demand for banking cloud services is experiencing a significant growth, and is expected to maintain its dominance during the forecast period. Banking cloud services enable banks to use resources in an incredibly flexible and effective way through data analysis, data storage, and batch processing. Furthermore, cloud banking systems make it easier for banks to build products and services more efficiently. It not only enables the banking industry to enhance computing capacity, but also delivers excellent insights for banks to develop personalized services for their customers in the market.

The global banking cloud services market is segmented on the basis of service type, application, end user, and region. Based on service type, the market is divided into infrastructure-as-a-service, platform-as-a-service, software-as-a-service, and others. In terms of application, the market is categorized into payments, customer & channel management, processing services, risk management, and others. On the basis of end user, the market is segmented into retail banking, corporate banking, investment banking, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global banking cloud services industry include OneSpan, IBM Corporation, AO Kaspersky Lab., Blackstrat U.S. Inc., McAfee, Alert Logic Inc., CronU.S. Cyber Technology Ltd., Verodin Inc., XM Cyber Ltd., Guardicore, and Microsoft Corporation. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global banking cloud services market. 

Top Impacting Factors

With growth in technological advancements, cyber-crimes, malware frauds, and insider frauds have increased across the globe. Thus, such conditions urge banks to adopt banking cloud technologies in their business operations, which boost growth of the market. However, FinTech disruptions among conventional players and regulatory concerns, owing to evolving market & economic landscape hinder the market growth.

Conversely, transforming banking models and developing services with the trend and rise in adoption of cloud based security solutions are some of the factors expected to provide lucrative opportunities in the upcoming years.

New Software Launches to Flourish the Market

In April 2020, banking software provider Temenos launched Software-as-a-Service (SaaS) propositions using innovative Explainable AI (XAI) and cloud technology to help the banking industry tackle the coronavirus pandemic and effectively manage consumer relationships. With rise in digital banking usage, Temenos enables banks fulfill customer needs for intimate digital engagement and serve small companies and retail customers with fast loan approvals and viable financial goods. 

New Mobile Apps to Flourish the Market

OneSpan, a cyber security software released a security application for banks, which is a mobile security suite. It helps customers to safely transact and perform banking through mobile application. It uses wide array cloud data for authentication methods such as One-Time-Password, usage biometrics, fingerprint, facial recognition, Out-of-band SMS, and geo-location. It also allows bank customers to e-sign documentations, fulfill regulatory requirements for strong authentication, and maintain app security features.

Key Benefits of the Report

  • This study presents analytical depiction of the global banking cloud services market size along with the current trends and future estimations to determine the imminent investment pockets.    
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global banking cloud services market share.     
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global banking cloud services market growth scenario.         
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.    
  • The report provides a detailed market banking cloud services market analysis based on the present and future competitive intensity of the market.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available For Years

2019-2027

Base Year Considered

2019

Forecast Period

2020-2027

Forecast Units

Value ($)

Segments Covered

Service Type, Application, End User, and Region

Regions Covered

North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and Middle East & Africa

Companies Covered

Major players analyzed in the report include OneSpan, IBM Corporation, AO Kaspersky Lab., Blackstrat U.S. Inc., McAfee, Alert Logic Inc., CronU.S. Cyber Technology Ltd., Verodin Inc., XM Cyber Ltd., Guardicore, and Microsoft Corporation

 

COVID-19 Scenario Analysis

  • In the wake of COVID-19 pandemic, cyber criminals are expected to grow at a significant rate. For instance, IBM X-Force reported an increase of 43% in spam related to COVID-19 on websites and mobile applications. 
  • Furthermore, customers accessing applications related to COVID-19 are also hacked via ransom-ware online applications.
  • Moreover, work from home scenario and impact of rising risks from cyber-attacks has accelerated growth & implementation of cloud-based technologies among financial institutions and banks globally.

Banking Cloud Services Market Key Segments

Segment

Sub-Segments

 

Service Type

 

  • Infrastructure-as-a-Service
  • Platform-as-a-Service
  • Software-as-a-Service
  • Others

 

Application

 

  • Payments
  • Customer& Channel Management
  • Processing Services
  • Risk Management
  • Others

 

End User

 

  • Retail Banking
  • Corporate Banking
  • Investment Banking
  • Others

 

Questions Answered in the Banking Cloud Services Market Research Report     

  • Who are the leading market players active in the banking cloud services market?
  • What would be the detailed impact of COVID-19 on the global banking cloud services market?
  • How current banking cloud services market trends would influence the industry in the next few years?
  • What are the driving factors, restraints, and opportunities in the global banking cloud services market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
PURCHASE OPTIONS

Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*

PURCHASE OPTIONS

Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*

Reach out to us

Call us on
( U.S. - Canada toll free )
+1-800-792-5285,   
Int'l : +1-503-894-6022
( Europe )
+ 44-845-528-1300
Drop us an email at
help@alliedmarketresearch.com

 
Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Banking Cloud Services Market

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $8,995  $8,096
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Start reading.
    This title and over 12,000+ are available on the Avenue Library. T&C*.

    Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts