Public Cloud in BFSI Market size was valued at USD 58.65 Bn. in 2022 and the total Public Cloud in BFSI revenue is expected to grow by 15 % from 2023 to 2029, reaching nearly USD 156.01 Bn.Public Cloud in BFSI Market Overview:
A public cloud is an IT model in which public cloud service providers make computing services, such as compute and storage, develop-and-deploy environments, and applications, available to organizations and individuals on demand via the public internet. Cloud computing has long been a popular choice for banks seeking to reduce costs, increase flexibility, and facilitate digital growth. Historically, cloud adoption has meant private or limited Types due to security and compliance concerns. However, in the post-Covid era, the drumbeat of digitization has become louder, and more banking leaders are putting aside their reservations. In addition, the use of public cloud platforms has recently gained traction. This is due to ongoing margin compression, the need to reduce costs, and the need for banks to innovate more quickly all of which the public cloud in BFSI market can help with. Many financial institutions now rely on the public cloud, which provides services such as IaaS and PaaS. The public cloud is used to scale, deliver end-user services quickly, and standardize the production and management of associated integrations. To run mobile payment apps, provide customized financial advice, or perform quick insurance checks via chat. These services necessitate a significant amount of computing power and security. Such scalability and security are difficult to achieve in a traditional data center. Even for banks and organizations with their own internal IT staff, this can be difficult. The use of public cloud computing via services such as Microsoft Azure or Amazon Web Services has grown into a $240 billion industry in the last decade. For non-critical tools, the public cloud is already common in banking, and a typical bank's computing environment already includes on-premise systems, off-premise systems, and multiple clouds. Indeed, 19 of the top 20 banks in the United States have already announced public cloud initiatives. IBM launched a financial services-specific public cloud in late 2020, with ten of the world's largest banks as customers. While there is a lot going on, maturity levels differ. According to a recent report, as of 2020, 80% of UK banks have migrated less than 10% of their business to the public cloud. These all aspects are boosting the public cloud in BFSI market.To know about the Research Methodology :- Request Free Sample Report
Public Cloud in BFSI Market Dynamics:
Growing demand from BFSI Public Cloud in BFSI Market provides various benefits such as : 1. Using a more efficient OPEX model to avoid high CAPEX costs for new and replacement hardware, eliminates the need for future one-time hardware investments. 2. The ability to access and leverage a diverse set of digital products, services, and integrations that are only available through cloud-based technologies. 3. Reducing the risk and impact of Covid-19 and other potential business continuity issues by eliminating the need for employees to physically access specific locations in order to deliver services. 4. Increasing and ensuring operational resilience in a cost-effective manner in order to comply with the most recent regulations 5. Improving efficiency through automation and infrastructure-as-code reduces manual effort and response times while also reducing complexity and technical debt associated with legacy systems. 6. The ability to 'go global in minutes' is a well-known advantage of the public cloud. However, European banks frequently have specific requirements regarding data residency and transit. A tested and audited system design, combined with the appropriate technical controls, is critical to ensuring that data is administered correctly and stored only in authorized locations. Bolstering the adoption of digital transformational strategies in the BFSI sector Cloud computing solutions in BFSI have aided in digital banking transformation, benefiting both front-end and back-end operational models. Since the outbreak of the pandemic, several enterprises in various financial domains have been actively transforming their business operations by utilizing public clouds. This will help financial institutions become more future-proof, as well as lay the groundwork for increased customer value and revenue generation. Furthermore, public cloud solutions enable open banking, expanding consumers' access to traditional and non-traditional financial services. Furthermore, banks and financial institutions are increasingly relying on digital technologies to store data and support applied analytics in order to meet their capacity and speed requirements. As a result, the increase in digital transformation across industries is expected to drive the public cloud in BFSI market opportunity during the forecast period.Increased global internet and mobile device penetration The increased proliferation of the internet has resulted in an increase in demand for the online segment, which has a significant impact on market growth. Furthermore, smartphones and other devices have become an essential part of many people's lives in the twenty-first century. As a result, the increased use of smartphones and tablets, as well as improved access to internet services via 4G, 5G, and other technologies, has accelerated technology adoption among banking customers. Furthermore, banking firms and financial institutions are turning to cloud software to streamline daily operations and gain access to data from anywhere, as the software automatically keeps businesses up to date on transactions. As a result, rising internet and mobile device penetration around the world is expected to drive public cloud in BFSI market during the forecast period. Market Restraints Concerns about data security and privacy Cloud computing involves the outsourcing of several third-party capabilities, which can raise security and confidentiality concerns hampering the public cloud in BFSI market. Infrastructures in mobility, networks, endpoints, databases, cloud, web applications and virtualization are all included. Thus, for companies, worries about security and privacy continue to be the biggest obstacles to the adoption of cloud computing in the public cloud in BFSI market. Because it was created to be used by many people, the cloud is more susceptible to attacks since there are more access points due to the increased user base. The risk of cybercriminals gaining access to infrastructure grows as more users and devices connect to the cloud. As a result, cloud computing employs data security measures such as antivirus for cloud systems to protect digital information from threats that could endanger its integrity. When it comes to cloud computing, experts or staff must have the necessary technical skill and knowledge for implementing, processing, analyzing, and securing cloud solutions. Organizations are losing market share and money as a result of a lack of cloud expertise, which prevents them from leveraging the cloud and emerging technologies. This is due to a severe lack of technical skills among IT workers, particularly in cloud computing. ublic Cloud in BFSI Market Opportunity Growing government initiatives to accelerate the adoption of public cloud in BFSI Organizations are being forced to migrate to the cloud in order to obtain cost-effective and flexible on-demand data storage options. As a result, governments across the country are investing in BFSI Public Cloud delivery models. In the financial services industry, the public cloud reduces the cost of acquiring, establishing, running, and maintaining technological services. Governments can significantly increase productivity by streamlining their technology operations as a result of cloud computing, as evidenced by the time it takes to process citizen-facing transactions. In addition, the public cloud in BFSI enables governments to quickly adapt to user needs and expand public services as needed. LoT devices generate data, which must be collected and processed locally or remotely in a server. In many loT applications, remote data hosting and analytics are more practical and cost-effective solutions. As the Internet of Things and cloud computing grows in popularity, there's also a lot of talk about edge computing, which involves keeping some data processing power at the network edge rather than outsourcing everything to the cloud. This is creating more opportunities for public cloud in BFSI market and is expected to continue during the forecast period.
Public Cloud in BFSI Market Segment Analysis:
Based on Type, The public cloud in BFSI market is divided into four categories: Infrastructure as a Service, Platform as a Service, Software as a Service, and Others. In 2022, the Infrastructure as a Service segment accounts for 45% of the market. Infrastructure as a service (IaaS) is a type of cloud computing service that provides on-demand computing, storage, and networking resources on a pay-as-you-go basis. IaaS, along with software as a service (SaaS), platform as a service (PaaS), and serverless, is one of four types of cloud services. Amazon Web Services (AWS), Microsoft Azure, Google Cloud, DigitalOcean, and Linode are some popular IaaS examples. Amazon Outposts, Azure Stack, and Google Anthos are among the platforms that provide on-premise IaaS solutions.Based on the Component, In terms of components, the software segment holds the largest share of 40% in the public cloud in BFSI market in 2022, as it offers a complete self-service software solution for clients or provides companies with building blocks to develop powerful self-service solutions by providing virtualization software, which is driving demand. The service segment, on the other hand, is expected to grow at the fastest rate during the forecast period, as services assist the banking and financial sectors in achieving potential growth in their businesses. These advancements and developments in facilities are expected to drive this segment's growth.
Based on the Enterprise Size, In 2022, the small and medium enterprise segment dominated the public cloud in BFSI market, accounting for more than 70% of total revenue. Large enterprises have been the most enthusiastic adopters due to lower operating costs, improved collaboration, increased flexibility, and faster time to market. Previously, enterprises used the cloud to build applications and rehost infrastructure; however, they are now using it to modernize core business applications and processes. According to a 2019 survey conducted by Flexera, an Illinois-based software company, companies are likely to spend 24% more on public cloud in the coming years. The flexible pricing models provided by CSPs, the increase in employee productivity, and the enhancement of collaboration and innovation, however, have caused the SME segment to become the largest market shareholder in 2019. According to a survey of the IT sector, 88% of SMEs used at least one cloud service by the end of 2018, and this number is expected to rise sharply in the years to come. SMEs play a crucial role in utilizing technology for a variety of purposes, including marketing, financial management, project management, and customer relationship building. However, managing and optimizing costs, establishing guidelines for its use, and determining which cloud to use to run specific applications are the top priorities for businesses adopting cloud computing.
Based on the End User, In terms of revenue, BFSI held the largest public cloud in BFSI market share in 2022 with over 25%. Interoperability, secure storage, and round-the-clock availability have aided the BFSI sector's increased emphasis on customer-centric business models and the digitization of trade and wealth. The BFSI sector will also be significantly impacted by services like payment gateways, online fund transfers, digital wallets, and unified customer experiences, which will facilitate the overall transition to public cloud solutions. The manufacturing sector is thought to be the leading user of cloud services due to advantages like seamless data management and real-time visibility. Furthermore, this computer technology will be crucial in enabling and democratizing new manufacturing production systems like generative design, 3D printing, and the Industrial Internet of Things. With the development of telemedicine and e-health facilities, the healthcare industry has also turned into an active user of this technology. To help radiologists with diagnosis and decision-making, for instance, Nuance Communications Inc.'s PowerScribe One platform, hosted in the cloud, uses AI.
North America dominated the public cloud in BFSI market in 2022 with a 51% share, Because of its early adoption of the technology. The presence of numerous vendors in the region, including Microsoft Corporation, Oracle Corporation, Amazon.com Inc., and IBM Corporation, as well as a greater proclivity to adopt new technologies, is expected to help these regions maintain their market positions. Moreover, it is estimated that more than half of all government organizations in the United States have deployed the services. Additionally, European countries have become a center for cloud technology development, particularly in the financial sector, attracting billions of dollars in investment from around the world. Asia Pacific is expected to be the fastest-growing region in the public cloud in BFSI market, during the forecast period. In recent years, the rapid growth of China and India, as well as the emergence of regional players such as Alibaba Group, has had a positive impact on regional market growth. Furthermore, hyperscale cloud providers such as Azure, Amazon Web Services (AWS), and Google LLP are establishing data centers in markets such as Indonesia and Thailand to meet governments' data sovereignty needs.
Public Cloud in BFSI Market Regional Insights:
Public Cloud in BFSI Market Scope: Inquiry Before Buying
Public Cloud in BFSI Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 58.65 Bn. Forecast Period 2023 to 2029 CAGR: 15% Market Size in 2029: US $ 156.01 Bn. Segments Covered: by Type 1.Infrastructure as a Service 2.Platform as a Service 3.Software as a Service 4.Others by Component 1.Software 2. Service by Enterprise Size 1.SMEs 2.Large Enterprises by End-User 1.Banking 2.NBFCs 3.Others Public Cloud in BFSI Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Public Cloud in BFSI Market, Key Players are:
1.Alibaba Group Holding Limited 2.Amazon.com Inc. 3.Adobe Inc. 4.Google LLC 5.IBM Corporation 6. Microsoft Corporation 7.Oracle Corporation 8.Salesforce.com Inc. 9.SAP SE 10.Workday, Inc. 11.Cisco Systems Inc. 12. Hewlett Packard Enterprise Company 13.Citrix Systems Inc. 14.Rackspace US Inc. 15. Equinix Inc. 16.Vmware Inc. 17.Panzura Inc. 18. RightScale Inc. 19.Dell EMC 20.Intel Corporation 21. Fujitsu Ltd. 22. NTT Communications Corporation 23.DXC Technology Company 24.Lumen Technologies Inc. Frequently Asked Questions: 1] Can banks use public cloud? Ans. According to IDC's 2022 Worldwide Industry CloudPath Survey, nearly all banks use public and private cloud platforms. And mission-critical workflows such as online and digital banking and payment processing are among the most popular cloud applications. 2] What are examples of a public cloud? Ans. Public Cloud Storage Types and Examples Amazon Web Services, Microsoft Azure, IBM Cloud, Google Cloud Platform, and others. 3] Which type of cloud is used by banks? Ans. Private cloud - This type of cloud infrastructure is managed by a single bank. It is typically managed by the bank or a third party working from the premises. Banks are typically advised to host their services on a private cloud because it provides them with greater control and flexibility. 4] How are banks using public cloud? Ans. With the advent of cloud services and API-enabled ecosystems, banks can now efficiently and optimally utilize their resources to provide a customized and personalized experience for their customers. It offers a cost-effective solution for dealing with business management issues. 5] What defines public cloud? Ans. A public cloud is an IT model in which public cloud service providers make computing services, such as compute and storage, develop-and-deploy environments, and applications, available to organizations and individuals on demand via the public internet.
1. Public Cloud in BFSI Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Public Cloud in BFSI Market: Dynamics 2.1. Public Cloud in BFSI Market Trends by Region 2.1.1. North America Public Cloud in BFSI Market Trends 2.1.2. Europe Public Cloud in BFSI Market Trends 2.1.3. Asia Pacific Public Cloud in BFSI Market Trends 2.1.4. Middle East and Africa Public Cloud in BFSI Market Trends 2.1.5. South America Public Cloud in BFSI Market Trends 2.2. Public Cloud in BFSI Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Public Cloud in BFSI Market Drivers 2.2.1.2. North America Public Cloud in BFSI Market Restraints 2.2.1.3. North America Public Cloud in BFSI Market Opportunities 2.2.1.4. North America Public Cloud in BFSI Market Challenges 2.2.2. Europe 2.2.2.1. Europe Public Cloud in BFSI Market Drivers 2.2.2.2. Europe Public Cloud in BFSI Market Restraints 2.2.2.3. Europe Public Cloud in BFSI Market Opportunities 2.2.2.4. Europe Public Cloud in BFSI Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Public Cloud in BFSI Market Drivers 2.2.3.2. Asia Pacific Public Cloud in BFSI Market Restraints 2.2.3.3. Asia Pacific Public Cloud in BFSI Market Opportunities 2.2.3.4. Asia Pacific Public Cloud in BFSI Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Public Cloud in BFSI Market Drivers 2.2.4.2. Middle East and Africa Public Cloud in BFSI Market Restraints 2.2.4.3. Middle East and Africa Public Cloud in BFSI Market Opportunities 2.2.4.4. Middle East and Africa Public Cloud in BFSI Market Challenges 2.2.5. South America 2.2.5.1. South America Public Cloud in BFSI Market Drivers 2.2.5.2. South America Public Cloud in BFSI Market Restraints 2.2.5.3. South America Public Cloud in BFSI Market Opportunities 2.2.5.4. South America Public Cloud in BFSI Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Public Cloud in BFSI Industry 2.8. Analysis of Government Schemes and Initiatives For Public Cloud in BFSI Industry 2.9. Public Cloud in BFSI Market Trade Analysis 2.10. The Global Pandemic Impact on Public Cloud in BFSI Market 3. Public Cloud in BFSI Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 3.1.1. Infrastructure as a Service 3.1.2. Platform as a Service 3.1.3. Software as a Service 3.1.4. Others 3.2. Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 3.2.1. Software 3.2.2. Service 3.3. Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 3.3.1. SMEs 3.3.2. Large Enterprises 3.4. Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 3.4.1. Banking 3.4.2. NBFCs 3.4.3. Others 3.5. Public Cloud in BFSI Market Size and Forecast, by Region (2022-2029) 3.5.1. North America 3.5.2. Europe 3.5.3. Asia Pacific 3.5.4. Middle East and Africa 3.5.5. South America 4. North America Public Cloud in BFSI Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 4.1.1. Infrastructure as a Service 4.1.2. Platform as a Service 4.1.3. Software as a Service 4.1.4. Others 4.2. North America Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 4.2.1. Software 4.2.2. Service 4.3. North America Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 4.3.1. SMEs 4.3.2. Large Enterprises 4.4. North America Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 4.4.1. Banking 4.4.2. NBFCs 4.4.3. Others 4.7. North America Public Cloud in BFSI Market Size and Forecast, by Country (2022-2029) 4.5.1. United States 4.5.1.1. United States Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 4.5.1.1.1. Infrastructure as a Service 4.5.1.1.2. Platform as a Service 4.5.1.1.3. Software as a Service 4.5.1.1.4. Others 4.5.1.2. United States Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 4.5.1.2.1. Software 4.5.1.2.2. Service 4.5.1.3. United States Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 4.5.1.3.1. SMEs 4.5.1.3.2. Large Enterprises 4.5.1.4. United States Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 4.5.1.4.1. Banking 4.5.1.4.2. NBFCs 4.5.1.4.3. Others 4.5.2. Canada 4.5.2.1. Canada Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 4.5.2.1.1. Infrastructure as a Service 4.5.2.1.2. Platform as a Service 4.5.2.1.3. Software as a Service 4.5.2.1.4. Others 4.5.2.2. Canada Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 4.5.2.2.1. Software 4.5.2.2.2. Service 4.5.2.3. Canada Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 4.5.2.3.1. SMEs 4.5.2.3.2. Large Enterprises 4.5.2.4. Canada Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 4.5.2.4.1. Banking 4.5.2.4.2. NBFCs 4.5.2.4.3. Others 4.5.3. Mexico 4.5.3.1. Mexico Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 4.5.3.1.1. Infrastructure as a Service 4.5.3.1.2. Platform as a Service 4.5.3.1.3. Software as a Service 4.5.3.1.4. Others 4.5.3.2. Mexico Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 4.5.3.2.1. Software 4.5.3.2.2. Service 4.5.3.3. Mexico Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 4.5.3.3.1. SMEs 4.5.3.3.2. Large Enterprises 4.5.3.4. Mexico Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 4.5.3.4.1. Banking 4.5.3.4.2. NBFCs 4.5.3.4.3. Others 5. Europe Public Cloud in BFSI Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 5.2. Europe Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 5.3. Europe Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 5.4. Europe Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 5.5. Europe Public Cloud in BFSI Market Size and Forecast, by Country (2022-2029) 5.5.1. United Kingdom 5.5.1.1. United Kingdom Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 5.5.1.2. United Kingdom Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 5.5.1.3. United Kingdom Public Cloud in BFSI Market Size and Forecast, by Enterprise Size(2022-2029) 5.5.1.4. United Kingdom Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 5.5.2. France 5.5.2.1. France Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 5.5.2.2. France Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 5.5.2.3. France Public Cloud in BFSI Market Size and Forecast, by Enterprise Size(2022-2029) 5.5.2.4. France Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 5.5.3. Germany 5.5.3.1. Germany Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 5.5.3.2. Germany Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 5.5.3.3. Germany Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 5.5.3.4. Germany Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 5.5.4. Italy 5.5.4.1. Italy Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 5.5.4.2. Italy Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 5.5.4.3. Italy Public Cloud in BFSI Market Size and Forecast, by Enterprise Size(2022-2029) 5.5.4.4. Italy Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 5.5.5. Spain 5.5.5.1. Spain Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 5.5.5.2. Spain Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 5.5.5.3. Spain Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 5.5.5.4. Spain Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 5.5.6. Sweden 5.5.6.1. Sweden Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 5.5.6.2. Sweden Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 5.5.6.3. Sweden Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 5.5.6.4. Sweden Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 5.5.7. Austria 5.5.7.1. Austria Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 5.5.7.2. Austria Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 5.5.7.3. Austria Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 5.5.7.4. Austria Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 5.5.8. Rest of Europe 5.5.8.1. Rest of Europe Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 5.5.8.2. Rest of Europe Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 5.5.8.3. Rest of Europe Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 5.5.8.4. Rest of Europe Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 6. Asia Pacific Public Cloud in BFSI Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 6.2. Asia Pacific Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 6.3. Asia Pacific Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 6.4. Asia Pacific Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 6.5. Asia Pacific Public Cloud in BFSI Market Size and Forecast, by Country (2022-2029) 6.7.1. China 6.5.1.1. China Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 6.5.1.2. China Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 6.5.1.3. China Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 6.5.1.4. China Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 6.5.2. S Korea 6.5.2.1. S Korea Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 6.5.2.2. S Korea Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 6.5.2.3. S Korea Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 6.5.2.4. S Korea Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 6.5.3. Japan 6.5.3.1. Japan Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 6.5.3.2. Japan Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 6.5.3.3. Japan Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 6.5.3.4. Japan Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 6.5.4. India 6.5.4.1. India Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 6.5.4.2. India Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 6.5.4.3. India Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 6.5.4.4. India Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 6.5.5. Australia 6.5.5.1. Australia Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 6.5.5.2. Australia Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 6.5.5.3. Australia Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 6.5.5.4. Australia Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 6.5.6. Indonesia 6.5.6.1. Indonesia Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 6.5.6.2. Indonesia Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 6.5.6.3. Indonesia Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 6.5.6.4. Indonesia Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 6.5.7. Malaysia 6.5.7.1. Malaysia Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 6.5.7.2. Malaysia Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 6.5.7.3. Malaysia Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 6.5.7.4. Malaysia Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 6.5.8. Vietnam 6.5.8.1. Vietnam Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 6.5.8.2. Vietnam Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 6.5.8.3. Vietnam Public Cloud in BFSI Market Size and Forecast, by Enterprise Size(2022-2029) 6.5.8.4. Vietnam Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 6.5.9. Taiwan 6.5.9.1. Taiwan Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 6.5.9.2. Taiwan Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 6.5.9.3. Taiwan Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 6.5.9.4. Taiwan Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 6.5.10. Rest of Asia Pacific 6.5.10.1. Rest of Asia Pacific Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 6.5.10.2. Rest of Asia Pacific Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 6.5.10.3. Rest of Asia Pacific Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 6.5.10.4. Rest of Asia Pacific Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 7. Middle East and Africa Public Cloud in BFSI Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 7.2. Middle East and Africa Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 7.3. Middle East and Africa Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 7.4. Middle East and Africa Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 7.5. Middle East and Africa Public Cloud in BFSI Market Size and Forecast, by Country (2022-2029) 7.5.1. South Africa 7.5.1.1. South Africa Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 7.5.1.2. South Africa Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 7.5.1.3. South Africa Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 7.5.1.4. South Africa Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 7.5.2. GCC 7.5.2.1. GCC Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 7.5.2.2. GCC Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 7.5.2.3. GCC Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 7.5.2.4. GCC Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 7.5.3. Nigeria 7.5.3.1. Nigeria Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 7.5.3.2. Nigeria Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 7.5.3.3. Nigeria Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 7.5.3.4. Nigeria Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 7.5.4. Rest of ME&A 7.5.4.1. Rest of ME&A Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 7.5.4.2. Rest of ME&A Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 7.5.4.3. Rest of ME&A Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 7.5.4.4. Rest of ME&A Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 8. South America Public Cloud in BFSI Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 8.2. South America Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 8.3. South America Public Cloud in BFSI Market Size and Forecast, by Enterprise Size(2022-2029) 8.4. South America Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 8.5. South America Public Cloud in BFSI Market Size and Forecast, by Country (2022-2029) 8.5.1. Brazil 8.5.1.1. Brazil Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 8.5.1.2. Brazil Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 8.5.1.3. Brazil Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 8.5.1.4. Brazil Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 8.5.2. Argentina 8.5.2.1. Argentina Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 8.5.2.2. Argentina Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 8.5.2.3. Argentina Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 8.5.2.4. Argentina Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 8.5.3. Rest Of South America 8.5.3.1. Rest Of South America Public Cloud in BFSI Market Size and Forecast, by Type (2022-2029) 8.5.3.2. Rest Of South America Public Cloud in BFSI Market Size and Forecast, by Component (2022-2029) 8.5.3.3. Rest Of South America Public Cloud in BFSI Market Size and Forecast, by Enterprise Size (2022-2029) 8.5.3.4. Rest Of South America Public Cloud in BFSI Market Size and Forecast, by End-User (2022-2029) 9. Global Public Cloud in BFSI Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Public Cloud in BFSI Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Alibaba Group Holding Limited 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Amazon.com Inc. 10.3. Adobe Inc. 10.4. Google LLC 10.5. IBM Corporation 10.6. Microsoft Corporation 10.7. Oracle Corporation 10.8. Salesforce.com Inc. 10.9. SAP SE 10.10. Workday, Inc. 10.11. Cisco Systems Inc. 10.12. Hewlett Packard Enterprise Company 10.13. Citrix Systems Inc. 10.14. Rackspace US Inc. 10.15. Equinix Inc. 10.16. Vmware Inc. 10.17. Panzura Inc. 10.18. RightScale Inc. 10.19. Dell EMC 10.20. Intel Corporation 10.21. Fujitsu Ltd. 10.22. NTT Communications Corporation 10.23. DXC Technology Company 10.24. Lumen Technologies Inc. 11. Key Findings 12. Industry Recommendations 13. Public Cloud in BFSI Market: Research Methodology 14. Terms and Glossary