High Bandwidth Services to Pave Way for Growth in the Global Private and Public Cloud Market

LONDON - Aug. 27, 2014 - PRLog -- TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Private and Public Cloud Market in Financial Services Industry 2014-2018.

The report analyzes that the Global Private and Public Cloud market in Financial Services industry shows immense potential for growth during the forecast period. One of the major trends in the market is the increased mobilization of applications. Employees currently use their own cellphones in the corporate environment. In addition, organizations provide better infrastructure facilities for employees to use private and public clouds for sharing information and using that particular information for business purposes.

The Global Private and Public Cloud market in Financial Services industry is witnessing the entrance of many service providers that provide advanced and innovative solutions. These solutions can be classified into the SaaS, PaaS, IaaS, and DBaaS-based categories. The ability of the cloud to reduce infrastructure management costs and operational costs associated with enterprise infrastructure is leading to its high adoption rates in the Financial Services industry.

“The Financial Services industry is growing and witnessing rapid changes with the growth in technology and research. Most banking institutions are ready to invest in cloud solutions as they are cost-effective and offer easy access to the information stored in data centers,” says Faisal Ghaus, Vice President of TechNavio Research.

To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

If you are interested in more information on this topic and our upcoming research on the Global Private and Public Cloud Market in Financial Services Industry 2014-2018 (http://www.technavio.com/report/global-private-and-public...); please send an e-mail to media@TechNavio.com

About TechNavio

TechNavio is a leading global technology research and advisory company. Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year. We cover more than 500 technologies across 80 countries.

We focus on emerging trends that can shape a market, and model these trends using a mix of quantitative and qualitative tools in our proprietary research methodologies in order to build forecasts across market segments and geographies. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a constantly changing technology market scenario.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Our analysts obtain the information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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