Fintech PR
Finance Cloud Market worth $268.1 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, Oct. 5, 2023 /PRNewswire/ — Advanced technologies, better collaboration, improved security, and a steady shift towards digital financial services will define the Finance Cloud Market’s future. Financial institutions will be able to function more effectively, provide creative solutions, and adjust to changing market dynamics thanks to these innovations.
The Finance Cloud Market size is expected to grow from USD 135.6 billion in 2023 to USD 268.1 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 14.6% during the forecast period, according to MarketsandMarkets. Demand for tailored solutions and an urge for tightened security and accessibility with efficient disaster recovery solutions and techniques will likely boost the adoption of Finance Cloud globally.
Browse in-depth TOC on “Finance Cloud Market“
260 – Tables
55 – Figures
276 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1053
Scope of the Report
|
Report Metrics |
Details |
|
Market size available for years |
2019–2028 |
|
Base year considered |
2022 |
|
Forecast period |
2023–2028 |
|
Forecast units |
Value (USD Million) |
|
Segments Covered |
Offering, Deployment Model, Organization Size, Application, and End User |
|
Regions covered |
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
|
Companies covered |
AWS(US), Microsoft (US), Google (US), IBM (US), Tencent Cloud (China), Salesforce (US), Oracle (US), Alibaba Cloud (China), Workday (US), SAP (Germany), HPE (US), VMware (US), Cisco (US), Huawei (China), ServiceNow (US), DXC Technsology (US), SAGE Group (UK), Snowflake (US), Nutanix (US), Acumatica (US), RapidScale (US), AtemisCloud (US), Rambase (Norway), OVHcloud (France), FreeAgent (Scotland), Freshbooks (Canada), Kashoo (US), and Wave (US) |
Based on end-user, insurance companies will record the highest CAGR in the Finance Cloud Market during the forecast period.
Insurance companies increasingly use finance cloud technology to improve operations and customer interactions. By adopting finance cloud solutions, these companies can streamline processes, manage data more efficiently, and enhance overall customer experiences. With cloud-based platforms, insurers can handle policy administration, claims processing, and underwriting procedures more effectively while reducing operational costs and increasing responsiveness to policyholders.
Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1053
By Application, the revenue management segment holds the largest market share during the forecast period.
Revenue management is a process that involves using cloud-based technologies and software solutions to optimize an organization’s revenue generation strategies. These solutions analyze financial data, customer behavior, market trends, and pricing models to maximize revenue potential. By utilizing the Cloud’s scalability and real-time data processing capabilities, finance professionals can make data-driven decisions concerning pricing, product offerings, and sales strategies. Revenue management within the finance cloud helps businesses identify opportunities for revenue growth, improve profitability, and quickly adapt to changing market conditions. It is essential for financial institutions and companies that want to optimize their revenue streams and stay competitive.
By region, the Middle East & Africa region recorded the second-highest CAGR during the forecast period.
The countries in the Middle East are embracing technological advancements and investing in knowledge-based economies. Saudi Arabia and the UAE are leading the way by adopting edge and cloud computing, resulting in their dominance in development. With the growth of their customer bases, Middle Eastern organizations are focusing on generating revenues, and outsourcing to third-party managed service providers is a profitable option; this has led to accelerating Finance cloud adoption in the region to reduce costs and save time. Key players like Cisco, Microsoft, IBM, Google, and SAP are working significantly to register a better market share by increasing consumer satisfaction, decreasing product prices, and improving productivity.
Many edge and cloud computing companies have launched data centers in the Middle East and Africa to accelerate edge adoption. For example, Microsoft opened its data centers in Cape Town and Johannesburg in May 2019 and Abu Dhabi and Dubai in June 2019, offering access to cloud computing and edge services locally.
Top Key Companies in Finance Cloud Market:
Some of the key players operating in the Finance Cloud Market are – AWS (US), Microsoft (US), Google (US), IBM (US), Salesforce (US), Tencent (China), Oracle (US), Alibaba (China), Workday (US), SAP (Germany), HPE (US), VMware (US), Cisco (US), Huawei (China), ServiceNow (US), DXC technology (US), SAGE Group (UK), Snowflake (US), Nutanix (US), Acumatica (US), RapidScale (US), AtemisCloud (US), Rambase (Norway), OVHcloud (France).
Recent Developments
- In September 2023, Workday partnered with Accenture. This partnership aims to help organizations reinvent their finance functions to become more agile, data-driven, and customer-centric. This global partnership between Workday and Accenture brings together the power of its cloud-native platform with AI and ML at the core and some of the industry’s most forward-thinking and innovative experts to help its customers take advantage of transformative technologies to accelerate change across their financial operations while being adaptable and resilient.
- In September 2023, Tencent Cloud launched Tencent Cloud Blockchain RPC. This product is developed with Ankr. By introducing Blockchain RPC, Tencent Cloud strives to provide a blockchain node infrastructure solution that has speed and is robust, enabling developers to stay ahead in the rapidly evolving Web3 environment continuously.
- In August 2023, Google partnered with Brillio. This partnership will expand Brillio’s ability to infuse generative AI into its customer experience (UI/UX/web experience), engineering, and data offerings, thus enabling clients to unlock more excellent value by industrializing processes and reducing time-to-market and cost-to-serve. Brillio’s generative AI solutions, powered by Google Cloud’s Vertex AI, will enable financial services organizations to interpret loan applications better, empower call center executives, provide investment advice, and summarize portfolios more effectively.
- In July 2023, SAP launched its SAP S/4HANA Cloud, Public Edition 2308 Release. This latest release would deliver a built-in, intelligent, modern experience across all SAP’s business processes and several enhancements to help make the SAP S/4HANA Cloud, public edition user experience more modern, productive, and collaborative for end users and IT.
- In June 2023, Microsoft partnered with Wipro. This partnership will bring together Microsoft Cloud capabilities with Wipro FullStride Cloud and leverage Wipro’s and Capco’s deep domain expertise in financial services. Capco is a business and technology management consultancy firm owned by Wipro, operating primarily in the financial services and energy vertical(s). Using Microsoft Cloud for Financial Services, Wipro has already delivered various innovative solutions that will assist financial institutions in speeding up time to value and drive sustainable growth.
Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1053
Finance Cloud Market Advantages:
- Finance cloud solutions eliminate the need for onsite hardware and upkeep, which lowers the cost of IT infrastructure and operating costs.
- Cloud-based finance platforms offer flexibility and agility since they can scale up or down fast to meet changing business needs.
- With an internet connection, anyone may access financial data and services, making them available around-the-clock and allowing for remote work.
- Leading cloud providers make significant investments in security measures to guarantee strong data encryption, adherence to industry standards, and defence against online attacks.
- Advanced data analytics solutions are available on finance cloud platforms, enabling businesses to obtain insights, make data-driven decisions, and spot trends.
- Cloud solutions provide reliable disaster recovery options, guaranteeing data backup and operational continuity in the event of unforeseen circumstances.
- Through the use of cloud-based financial software, teams can interact more successfully, increasing workflow effectiveness and communication.
- IT workers are relieved of mundane duties thanks to cloud providers, who manage software upgrades, maintenance, and security patches.
- Compared to traditional software, cloud solutions frequently have faster deployment timelines, enabling organisations to use them right away.
- Real-time reporting is made possible by finance cloud platforms, guaranteeing that financial data is accurate and up to date.
Report Objectives
-
- To define, describe, and forecast the global Finance Cloud Market based on offering (solutions and services), deployment model (public, private, and hybrid Cloud), organization size (large enterprises and SMEs), end user (banks, financial service providers, and insurance companies), and region.
- To forecast the market size of the five major regional segments: North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
- To provide detailed information related to the significant factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze macro and micro-markets concerning growth trends, prospects, and their contributions to the overall market
- To analyze industry trends, patents & innovations, and pricing data related to the Finance Cloud Market.
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for major players.
- To profile key players in the market and comprehensively analyze their market share/ranking and core competencies.
- To track and analyze competitive developments, such as mergers & acquisitions, new product launches, product enhancements, and partnerships & collaborations in the market.
Browse Adjacent Markets: Cloud Computing Market Research Reports & Consulting
Related Reports:
Bare Metal Cloud Market – Global Forecast to 2028
Application Hosting Market – Global Forecast to 2027
Event Management Software Market – Global Forecast to 2026
Platform as a Service Market– Global Forecast to 2026
Cloud Billing Market– Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/finance-cloud-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/finance-cloud.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/finance-cloud-market-worth-268-1-billion-by-2028—exclusive-report-by-marketsandmarkets-301948073.html
STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
The following files are available for download:
|
Invitation to presentation of EQT AB’s Q1 Announcement 2024 |
|
|
EQT AB Group |
View original content:https://www.prnewswire.co.uk/news-releases/invitation-to-presentation-of-eqt-abs-q1-announcement-2024-302109147.html
- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
Photo – https://mma.prnewswire.com/media/2380039/Photo_1__2024_CEO_Investor_Day.jpg
PDF – https://mma.prnewswire.com/media/2380040/Press_Release__2024_Kia_CEO_Investor_Day_240405.pdf
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/kia-presents-roadmap-to-lead-global-electrification-era-through-evs-hevs-and-pbvs-302109142.html
VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
Logo – https://mma.prnewswire.com/media/1430981/BIOVAXYS_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/biovaxys-technology-corp-provides-bi-weekly-mcto-status-update-302108920.html
-
Latest News6 days ago
Letter from Gatemore Capital Management LLP to Elementis PLC
-
Latest News7 days ago
Shanghai Electric Releases ESG Report, Highlighting Sustainable Development Achievements in 2023
-
Latest News6 days ago
Hyosung Heavy Industries Ranked on BNEF’s Energy Storage Tier 1 List
-
Latest News6 days ago
Talino, Chemonics invest in startup Higala, the Philippines’ pioneering inclusive instant payment system
-
Latest News2 days ago
Trina Storage Recognized as Tier 1 Energy Storage Manufacturer by BNEF for Second Consecutive Quarter
-
Latest News6 days ago
Report Finds that Huawei DigiTruck Training Helps Boost Income, Employment and Entrepreneurship
-
Latest News2 days ago
Lunar Poised for Nationwide Rollout in Sweden After Securing €24.1 Million in Funding
-
Latest News5 days ago
SAR1.1 Billion Riyadh Real Estate Fund Launched by Ezdihar Real Estate Development & Al-Istithmar Capital