The multi-cloud networking in fintech global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Multi-Cloud Networking In Fintech Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The multi-cloud networking in fintech market size has grown exponentially in recent years. It will grow from $0.53 billion in 2023 to $0.64 billion in 2024 at a compound annual growth rate (CAGR) of 21.0%. The growth in the historic period can be attributed to the increasing deployment of cloud applications and services, enhancing demand for security and compliance requirements, enhancing security features, rise of cloud computing services, and improving API capabilities.
The multi-cloud networking in fintech market size is expected to see exponential growth in the next few years. It will grow to $1.39 billion in 2028 at a compound annual growth rate (CAGR) of 21.3%. The growth in the forecast period can be attributed to ensuring the security and privacy of customer data is paramount, leveraging multi-cloud strategies to optimize costs, advances in cloud technology, leveraging multi-cloud strategies to optimize costs and regulatory compliance. Major trends in the forecast period include the integration of advanced security postures, integration of artificial intelligence(AI) and machine learning (ML) algorithms, growing adoption of multi-cloud networking, integration with DevOps, and growing focus on achieving seamless interoperability and integration.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The rising adoption of cloud computing is expected to propel the growth of multi-cloud networking in the fintech market going forward. Cloud computing involves providing various services over the internet, enabling users to access resources as needed without managing them directly. The adoption of cloud computing is due to its scalability, cost efficiency, flexibility, support for innovation, and robust disaster recovery and security features. In fintech, cloud computing supports multi-cloud networking using multiple cloud providers, improving performance, security, and regulatory compliance. For instance, in December 2023, according to the European Union, a Netherlands-based international organization, the percentage of EU businesses that bought cloud computing services increased by 4.2 percentage points in 2023 compared to 2021. Therefore, the rising adoption of cloud computing is driving the growth of multi-cloud networking in the fintech market.
Market Trends –
Major companies operating in multi-cloud networking in the fintech market focus on developing innovative solutions such as multi-cloud platforms. A multi-cloud platform is an integrated environment that allows organizations to manage and deploy applications and workloads across multiple cloud computing services or platforms. For instance, in November 2022, eFinance Investment Group (EFIG), an Egypt-based investment management company, launched Egypt’s largest multi-cloud platform in collaboration with 13 global tech companies during the Cairo ICT 2022 exhibition. This platform combines advanced global technologies to support digital transformation across various sectors. The key features include secure computing technologies, various digital services, cloud platforms, cybersecurity applications, AI, and big data processing. This platform is designed to aid the Central Bank of Egypt’s digital transformation efforts and support digital banks and fintech startups, ensuring compliance with industry standards for digital transactions.
The multi-cloud networking in fintech market covered in this report is segmented –
1) By Component: Solution, Service
2) By Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By End-User: Banks And Financial Institutions, Payments Service Providers, Insurance Companies, Investment Firms
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Regional Insights –
North America was the largest region in the multi-cloud networking in fintech market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multi-cloud networking in fintech market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the multi-cloud networking in fintech market are Amazon Web Services Inc., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Google Cloud, VMware Inc., Equinix Inc., Palo Alto Networks, Juniper Networks Inc., Fortinet Inc., Arista Networks Inc., Cloud Software Group Inc., Akamai Technologies, F5 Inc., Nutanix, Zscaler, Cloudflare Inc., Versa Networks inc., Megaport, Aviatrix, NetFoundry
Table of Contents
1. Executive Summary
2. Multi-Cloud Networking In Fintech Market Report Structure
3. Multi-Cloud Networking In Fintech Market Trends And Strategies
4. Multi-Cloud Networking In Fintech Market – Macro Economic Scenario
5. Multi-Cloud Networking In Fintech Market Size And Growth
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27. Multi-Cloud Networking In Fintech Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix