Cloud Adoption in Banking: Imperative Role of Hyperscalers
Market Report
In the face of growing macroeconomic tension and a cautious approach to IT spend, the banking industry continues to embrace cloud as a key enabler for growth and resilience amid fierce competition. The increasing emphasis on secure operations and the demand for innovation underscores the criticality of cloud decisions.
Despite the heightened focus on sovereign cloud, private cloud, security, and regulatory and compliance requirements, public cloud services still account for a significant portion of IT spend in the banking industry. Enterprises are shifting their focus to enhancing customer experience and reducing time-to-market, prompting hyperscalers to adapt their market messaging to emphasize efficiency and value-driven advantages.
In this report, we examine hyperscalers’ current capabilities in the banking segment, along with their future vision, partnership ecosystem, deal wins, and current market positioning. Additionally, it highlights the attractiveness of cloud solutions and hyperscaler preference across key use cases within the retail banking, commercial banking and mortgages, and treasury and payments subsegments.
Scope
- Industry: banking
- Geography: global
Contents
In this report, we:
- Provide an overview of public cloud adoption in the banking industry
- Examine hyperscalers’ relevance in various banking subsegments
- Provide recommendations for enterprises and service providers based on the current market scenario
Membership(s)
Cloud and Infrastructure Services