The Cloud Computing market report is intended to provide a 360-degree view of the market in terms of advanced technology, key developments, drivers, restraints, and future trends and analyze the impact of these trends on the market in the short, medium term. and long term in the forecast period. Additionally, the report covers profiling the key players with detailed SWOT analysis, financial facts, and key product/service developments over forecast period.

The Cloud Computing market report is a comprehensive documentation of the prevalent industry trends and aims to educate the readers about competitive scenario and regional business dynamics. It leverages the expert verbatim to warn about challenges dormant in the industry, while providing insights about the profitable opportunities across various market segments. Moreover, the study entails numerous scenarios, including COVID-19 impact, hence enabling companies to formulate contingency plans and stakeholders to take informed decisions.

Takeaways from COVID-19 impact scrutiny:

An overview on the influence of coronavirus on global economy
Variations in demand and supply trends in the industry
Immediate and far-sighted consequences of COVID-19 pandemic on the business dynamics

Summary of regional landscape:

The report fragments the Cloud Computing market into regions, namely, North America, Europe, Asia-Pacific, South America and Middle East and Africa.
Information pertaining to the growth patterns followed by various geographies over the forecast period is elucidated.
Data about sales amassed, profits garnered, and revenue contribution in the recent past, alongside prediction about valuation is presented in the report.
Other highlights from Cloud Computing market report:

Industry moguls profiled in the Cloud Computing market report are SAP,Fujitsu,AWS,Rackspace,Verizon,Alibaba,Oracle,VMware,Google,Microsoft,IBM and Sales force.
Details about the business profile of each company, along with their product portfolio, production quantity, as well as pricing pattern followed by them are elucidated.
Insights about the industry share held by different business contenders, and overall profits generated by them are given.
Moving on to product spectrum, the report bifurcates the Cloud Computing marketplace into Public, Private and Hybrid.
It goes on to study the sales volume and revenue share of each product segment, to predict its contribution towards market remuneration over the forecast period.
Speaking of application spectrum, the Cloud Computing market products are used across Banking, Financial Services, and Insurance (BFSI),IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Healthcare and Life Sciences, Energy and Utilities, Media and Entertainment, Manufacturing, Others, ,Geographically, the detailed analysis of production, trade of the following countries is covered in Chapter 4.2, 5: ,United States ,Europe ,China ,Japan and India.
The report expounds on the portion of industry stake held by each application and their growth graph in the ensuing years.
The business intelligence contains thorough dissection of the supply chain to review and infer the competitive hierarchy of the market.
It further includes Porter’s Five Force model and SWOT analysis to identify the potential of new projects.
Points Covered in The Report

The report encompasses an exhaustive discussion of the major players operating in this vertical, inclusive of the prominent companies, raw material & equipment suppliers, traders, distributors, and end-users.
In-depth profiles of companies is hosted in the document, covering all important aspects like capacity, production, pricing, revenue, gross margins, sales volume, growth rate, import, export, supply, future strategies, and technological development.
A comprehensive analysis of five years of historical data as well as market forecast is provided.
Data and information with respect to market player, region, type, application, etc., along with customized research as per specific requirements is offered.
SWOT analysis of the market is included.
Top Reasons to Buy The Report

To gain valuable insights on the market and have a deeper understanding of the overall industry size and its commercial environment.
Evaluate the product processes, major challenges, and risk-averting methodologies.
To comprehend the major driving and restraining factors and their effect on the global market.
To know the future outlook and prospects of the industry.
Apart from standard structure reports, one can also obtain custom research as per the specific requirement.

The impact of public cloud on retail banking is already clear. As a mainstream technology, cloud enables top initiatives such as digital, mobile, and customer analytics. In the corporate banking segment, the pace of cloud adoption and migration has been slower. Top among the forces impeding legacy transformation and the move to the cloud: security and compliance concerns.

Today, corporate banking’s approach to innovative technologies and cloud computing is changing. While on-premises may remain the preferred location for many applications in the near term, the business case for evaluating and making the move to cloud is increasingly clear. Corporate banks are looking to the cloud for agility, innovation, ways to free up budget and move away from capital expenditures, and to keep pace with clients’ expectations for digital engagement.

Findings from Celent’s inaugural Corporate Banking Public Cloud Survey highlight banks’ ambitions and strategies for public cloud adoption for their critical corporate and transaction banking solutions. The results reveal the changing approach that corporate banks are taking toward cloud—and the trends that are likely to continue.

Driving corporate banks’ cloud migrations
Though earlier discussions about the move to the cloud may have been anchored in the possibility of cost savings, many drivers are behind the current interest. Business benefits are clear for both the IT and business divisions of a financial institution (FI). The top drivers are increased agility, which aids in the acceleration of development and innovation, and the ability to spend a greater percentage of the IT budget on innovation.

Additional drivers (each cited by 50% of respondents) include the flexibility provided by moving away from CapEx to OpEx; improved customer experience; improved compliance, compared to in-house managed systems; and an improved ability to partner with the fintech ecosystem. Over the past year, COVID-19 provided an additional impetus, emphasizing the need to enhance client engagement and the overall customer experience; half of survey respondents indicate plans to move more workloads into public cloud infrastructure in response to the coronavirus pandemic.

Moving beyond barriers
Two well-known concerns—security and compliance—were cited by many respondents (63% each) as practical barriers to implementing cloud initiatives. Yet perceptions around security are encouraging: 90% disagreed with the statement that “cloud technologies are not secure enough for bank workloads” and half believe that cloud can contribute to improved cybersecurity.

Other concerns, perhaps discussed less commonly, are also seen as practical barriers to implementing effective public cloud migration initiatives. These include the lack of internal expertise, lack of internal alignment on the

best path forward (caused by risk issues, operational impacts, and changing roles, including within the IT department), and technology infrastructure that’s not yet cloud-ready.

To evaluate how to move forward appropriately, collaborative decisions provide significant value. Clearly, caution is justified when making decisions about technology architecture—particularly when client-facing apps and sensitive financial details are involved. IT groups frequently initiate discussions about enterprise architecture strategy, but plans are often made collaboratively, with input from enterprise architects, line of business (LoB) technology teams, and LoB product managers. At some FIs, however, decisions are left to the CTO/CIO or the IT group.

State of the strategy
Corporate banks tend to be conservative about their approach to public cloud migration. Only 20% (compared to 40% of retail banks) will embark on a broad migration to the cloud. Instead, in corporate banking, non-client facing systems will migrate to the cloud selectively, as reported by 70%; core transaction platforms and customer data will remain on-premise (running in the FI’s data center). Though these systems may remain on-prem in the near term, most banks are (or will be) operating in hybrid multi-cloud deployment environments, using a mix of on-premise, private cloud (infrastructure provisioned for exclusive use by a single organization, comprising multiple consumers or business units) and public cloud (on-demand delivery of compute power, database storage, applications, and other IT resources via the internet with pay-as-you-go pricing) services, with orchestration across platforms.

As all banks anticipate that their architecture will evolve, three out of five respondents feel that their enterprise-wide cloud strategy is articulated clearly. A minority, one in five, report that each line of business is pursuing a cloud strategy independently. Most corporate banks (80%) are working with vendor partners to support their cloud plans. Nearly 90% are using a third-party firm to assist with strategy implementation or ongoing cloud management. Banks often select an IT services firm that already knows the FI’s on-prem technology architecture and software solutions; this specialist knowledge can prove advantageous when helping a bank migrate its solutions to the cloud.

Among the top technologies that data-driven banks are embracing (currently running in or planning to migrate to a public cloud within the coming two years) are:

artificial intelligence/machine learning (AI/ML), reported by 50%,
data lake/data warehouse technologies, reported by 50%, and
robotic process automation (RPA), reported by 40%.
At present, API management platforms and blockchain/distributed ledger technology (DLT) remain on corporate banks’ current infrastructures.

When corporate banks focus on core or critical services (e.g., payments and cash management), a cloud-native/cloud-ready strategy for new software procurement is prevalent, as reported by 60%. Others are agnostic regarding the software deployment method.

Migration considerations
Corporate banks that are evaluating their cloud migration plans should keep three main considerations in mind:

1. The application: Evaluate which applications are most appropriate for your selected cloud environment and architecture.

2. The use case: Determine which use cases are most pressing and best suited to the FI’s cloud migration.

3. The current state: Create cloud strategies for elements of the IT stack that are likely to be successful. These can provide experience to support the more complicated migration initiatives, such as applications that may prove more challenging to get to a cloud-enabled state.

The trend toward cloud is clear for corporate banks. The move will happen stepwise. And when it does, banks will be able to tap into the innovation and agility provided by hybrid, multi-cloud environments.

The global Cloud Computing in Retail Banking market report analyzes market trends, with data from 2021 and projections of compound annual growth rates (CAGR) until 2027. It explores a detailed overview, which includes market definition, product/services applications, and different manufacturing methods used across regions. Also, the global Cloud Computing in Retail Banking market report mentions major global regions and the market in the context of its present size and potential in these regions. It also explains the nature and structure of the industry, with the profiles of major players in the market. The report also forecasts sales in the market and major categories of the market in the given time frame.

Major vendors in the Cloud Computing in Retail Banking market include Amazon Web Services (AWS),Ellie Mae,IBM,Infosys,Intuit,Medidata,Microsoft,Oracle,Salesforce,SAP,TCS,Veeva Systems,Wipro,Workday,BBVA,Bankinter,Intel,Google,Alibaba,Tencent,Kingsoft,Ucloud,Baidu,Huawei,China Telecom,China Unicom

Regional Description

On the basis of region, the market has been segmented into Americas, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA). Regional segmentation has been provided at a high level and a more detailed level in terms of a country-wise analysis of the market in each region. This regional analysis points out regions with highest consumptions and production rates and also provides a comparative study basis these factors. The revenues generated in these regions, the market growth rate and the compound annual growth rate percentage are also discussed in detail.

Report Objectives

Analyzing the size of the global Cloud Computing in Retail Banking market on the basis of value and volume

Accurately calculating the market shares, consumption, and other vital factors of different segments of the global Cloud Computing in Retail Banking market

Exploring key dynamics of the global Cloud Computing in Retail Banking market

Highlighting important trends of the global Cloud Computing in Retail Banking market in terms of production, revenue, and sales

Deeply profiling top players of the global Cloud Computing in Retail Banking market and showing how they compete in the industry

Studying manufacturing processes and costs, product pricing, and various trends related to them

Showing the performance of different regions and countries in the global Cloud Computing in Retail Banking market

Forecasting the market size and share of all segments, regions, and the global market.

Key questions answered in the report:

What is the growth potential of the Cloud Computing in Retail Banking market?

Which product segment will grab a lion’s share?

Which regional market will emerge as a frontrunner in the coming years?

Which application segment will grow at a robust rate?

What are the growth opportunities that may emerge in the Cloud Computing in Retail Banking industry in the years to come?

What are the key challenges that the global Cloud Computing in Retail Banking market may face in the future?

Which are the leading companies in the global Cloud Computing in Retail Banking market?

Which are the key trends positively impacting the market growth?

Which are the growth strategies considered by the players to sustain hold in the global Cloud Computing in Retail Banking market

Table of Contents: Cloud Computing in Retail Banking Market

Chapter 1: Overview of Cloud Computing in Retail Banking Market

Chapter 2: Global Market Status and Forecast by Regions

Chapter 3: Global Market Status and Forecast by Types

Chapter 4: Global Market Status and Forecast by Downstream Industry

Chapter 5: Market Driving Factor Analysis

Chapter 6: Market Competition Status by Major Manufacturers

Chapter 7: Major Manufacturers Introduction and Market Data

Chapter 8: Upstream and Downstream Market Analysis

Chapter 9: Cost and Gross Margin Analysis

Chapter 10: Marketing Status Analysis

Chapter 11: Market Report Conclusion

Chapter 12: Research Methodology and Reference

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SEATTLE–(BUSINESS WIRE)–Today, Amazon Web Services, Inc. (AWS), company (NASDAQ: AMZN), and Standard Chartered Bank plc (LON: STAN), a leading international banking group, announced a five year, strategic global agreement, which deepens the existing relationship between the two companies, and includes the bank running its strategic banking systems and customer facing applications on AWS. Standard Chartered Bank is collaborating with AWS to drive its digital transformation and deliver new personalized banking services in the bank’s 60 markets worldwide. Using AWS’s reliable infrastructure and cloud services across its entire business will enable the bank to be more responsive to customer needs and create new applications. Standard Chartered will adopt AWS to improve resiliency, security, and privacy, while meeting compliance requirements across the bank’s global footprint.

Adopting a cloud-first approach, Standard Chartered will use the breadth and depth of AWS services, including database, containers, compute, networking, storage, and security, to reinvent the digital banking experience, accelerating the design and deployment of new applications and digital services for its individual and corporate clients. Standard Chartered is using Amazon Elastic Kubernetes Service (Amazon EKS) to run significant applications and quickly introduce new services with the utmost security, reliability, and scalability. For example, the bank launched its nexus banking-as-a service solution and Mox, its new virtual bank in Hong Kong, on AWS and continues to leverage AWS services to add new functionality to both. The bank’s award-winning global payments system, SC Pay, and core banking system, eBBS, are cloud-native services that use Amazon Aurora, a cloud-native relational database, to store details of banking and e-commerce transactions, including micropayments, resulting in faster and more secure transfer of funds with reduced cost per transaction. Standard Chartered’s Financial Market business, which includes risk management, financing, and investment services, uses AWS to run algorithms that assess market risk and leverages Amazon Elastic Compute Cloud (Amazon EC2) to enable the bank to flexibly scale up those workloads during peak demand.

“Our continued work with AWS demonstrates our commitment to putting innovation and security at the heart of Standard Chartered’s digital transformation strategy,” said Dr. Michael Gorriz, Group Chief Information Officer of Standard Chartered. “A cloud-first strategy allows us to be more agile and client-focused so our customers have better experiences and faster access to innovative new products. At the same time, we are improving our operational efficiency and resilience by using the best-in-class security, privacy, and compliance delivered through cloud infrastructure. We are pleased to collaborate with AWS as a long-term strategic cloud provider and take advantage of their broad portfolio of cloud services and proven expertise to bring secure cloud solutions to the financial services industry.”

“Adopting a cloud-first approach makes our vision for next generation financial services – like virtual banking, next-generation payments, open banking, and banking as a service – a reality,” said Bhupendra Warathe, Chief Technology Officer, Cloud Transformation, Standard Chartered. “A significant number of Standard Chartered’s flagship applications, like our core banking system, eBBS, global payment system, SC Pay, as well as our new digital banking services, Mox and nexus, are already cloud-native. We look forward to our continued partnership with AWS to deliver new products and solutions to our clients across the 60 markets we serve.”

“Standard Chartered Bank has been a trusted financial institution for the last 160 years and we are pleased that they have selected AWS as a strategic cloud provider to drive their digital transformation, while operating more efficiently and securely in the cloud,” said Frank Fallon, Vice President, Financial Services at Amazon Web Services, Inc. “With this agreement, Standard Chartered is relying upon the most secure, reliable, and flexible cloud computing environment in the world. AWS’s unparalleled experience in powering global financial institutions will enable Standard Chartered to transition to the cloud with confidence and innovate faster than ever before.”

For 14 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud platform. AWS offers over 175 fully featured services for compute, storage, databases, networking, analytics, robotics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 77 Availability Zones (AZs) within 24 geographic regions, with announced plans for 15 more Availability Zones and five more AWS Regions in India, Indonesia, Japan, Spain, and Switzerland. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfilment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon