NEW RESEARCH – Cloud in the Financial Services sector

TechMarketView’s new report on the use of Cloud in the Financial Services sector, is available to FinancialServicesViews subscribers here.

Pressure to act to solve legacy issues, reduce costs and meet the ever-growing demands of end customers is expected to result an acceleration of the use of Cloud Services in this important sector throughout 2014. The sector is a special case with respect to Cloud Services with the presence of large complex legacy systems, intrusive regulation and extended partner ecosystems. Currently the Cloud Services business in the sector is dominated by IaaS, either in private clouds or increasingly in public clouds as sector companies cope with growth in mobile channels and begin to explore the opportunities in Big Data.

The move to a greater use of cloud will be difficult and will take some time. Customers will want to know that their vendors can provide good strategic advice, take responsibility for security, data integrity and reliability and deliver to exceptionally high standards. TechMarketView considers that companies that can take over the role of strategic advisor in this move to cloud will be in the strongest position in terms of securing long-term relationships and good margins.

The use of Cloud Services is still in its early stages within the sector and it is difficult to predict exactly the timing of a real breakthrough or the eventual shape of the market. However, we consider that the market overview and the company profiles within the report will give you a clear understanding of the issues and opportunities within this vital sector.

If you are not yet a subscriber to FinancialServicesViews, please contact Deb Seth of our Client Services team. Also – look out for our forthcoming study of Cloud Services from InfrastructureViews.

Posted by Peter Roe at '08:49'