Cloud Adoption and Finance Automation Fuel 9% CAGR in Global Financial Applications Software Market Through 2030

By -

Industry Experts, Inc. released a new market research report, "Global Financial Services Software Market - Deployment Types, Software Types, Company Types and Industry Sectors," forecasting that the global financial services software market will grow from US$9.7 billion in 2024 to US$16.3 billion by 2030, at a compound annual growth rate of 9% CAGR.

Enterprises of all sizes are accelerating digital transformation, replacing legacy systems with intelligent cloud-native platforms that deliver real-time visibility, automation and compliance across general ledger, treasury, risk management, tax and ESG reporting. Artificial intelligence and machine learning are embedded to streamline reconciliation, flag anomalies and enable predictive forecasting, while interoperability with CRM, HR and procurement tools has become a critical buyer requirement.

North America remains the largest regional market with a 37.5% share in 2024 and is projected to reach US$5.7 billion by 2030, reflecting early cloud adoption and significant investment by Tier 1 institutions. Asia-Pacific is the fastest-growing region, registering an 11.4% CAGR to 2030, driven by government-backed banking modernization, expanding digital-payments ecosystems and surging SME demand for cloud-based financial tools. South America follows with a 10.5% CAGR, supported by improving digital infrastructure and enhanced financial inclusion in Brazil and Colombia.

Cloud deployments command 59.3% of global financial services software spending in 2024 and are poised to grow at a 9.9% CAGR through 2030. On-premise solutions will still account for US$6.2 billion by 2030 as large enterprises retain legacy systems. Small and mid-sized enterprises are the fastest-growing customer segment, expanding at a 9.9% CAGR as they adopt intuitive cloud-native finance platforms. In industry verticals, Banking, Financial Services and Insurance leads with US$2 billion in 2024 and is also the fastest-growing sector at an 11.3% CAGR. Web-based software remains the preferred interface, generating US$6.6 billion in 2024 thanks to its platform-agnostic access and robust audit-trail capabilities.

The report profiles more than 15 leading software providers, including Oracle Corporation, SAP SE, FIS, Fiserv, Intuit Inc., Xero Limited and Zoho Corporation, and examines deployment types (cloud, on-premise), software types (web-based, mobile-based), company types (large enterprises, SMEs) and industry sector applications (BFSI, IT & telecom, retail & ecommerce, manufacturing and more), along with feature roadmaps and go-to-market strategies. Coverage spans five regions (North America, Europe, Asia-Pacific, South America and Middle East & Africa), with historical data for 2021-2023, 2024 as the base year and forecasts through 2030.

About Industry Experts, Inc.
Industry Experts, Inc. ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable corporate strategists, analysts, researchers and startups in obtaining crisp, unbiased current and future market data. For more information, contact us at +1-320-497-3787 or visit https://industry-experts.com/

Comments

Post a Comment

Popular posts from this blog

Demand for Europium to Reach US$373.3 million by 2030 Fostered by Phosphors and Consumer Electronic Applications

By -
Image
Industry Experts, Inc., has released its latest report on Europium Market , which projects the demand for the same to reach US$373.3 million by 2030 from an estimated US$267.1 million in 2024 at a CAGR of 5.7% between the two years. The demand for Europium in the global market is primarily being driven by a number of factors that include increasing demand of phosphors in various applications for making high-quality displays that offer higher cooling, energy efficiency and brightness in products, such as OLEDs & LCDs, which are used in televisions, smart phones, wearables  and other electrical & electronic equipment. Technological advancements have enhanced the methods of extracting, purifying and separating europium from other ores, thereby positively impacting its availability to manufacturers. Heavy investments in R&D for improving performance and overcoming supply challenges of this metal have determined the global market in yielding innovative solutio...
Read more

Copper Demand to Reach US$368.8 B by 2030 Propelled by the Wide Range of Applications of the Metal Across Sectors

By -
Image
Industry Experts, Inc., has released its latest report, on Copper , which projects the demand for Copper to reach US$368.8 billion by 2030 from an estimated US$269 billion in 2024 at a CAGR of 5.4% between the two years. The use of copper and its alloys is quite extensive, contributing significantly to economic development. Major end-user sectors of this vital element include transportation, construction, consumer products, electrical & electronics and industrial machinery. The global demand for copper has been maintaining a steady growth, as statistics reveal a 300% growth in the use of refined copper over the last five decades across the industries mentioned above, reaching about 26.5 million tons in 2023. Other than being used in its primary form, copper is also among the most recycled materials, owing to which the market for secondary copper has been posting considerable growth. With an estimated share of about 41% in 2024, Asia-Pacific is the largest global marke...
Read more

Oil & Gas Fuels Demand for Duplex Stainless Steel and Global Market to Reach $6 billion by 2030

By -
Image
Industry Experts, Inc., has released its latest report, on Duplex Stainless Steel market, which projects the demand for the same to reach US$6 billion by 2030 from an estimated US$4.4 billion in 2024 at a CAGR of 5.4% between the two years. Some of the factors instrumental in driving demand for Duplex Stainless Steel include its widespread use in the oil & gas industry in the form of pipes & tubes. Comprising an almost equal proportion of austenitic and ferritic steels makes this variety of stainless steel very strong and highly resistant to corrosion, owing to which its application across various important end-use sectors has been growing rapidly.  The construction & infrastructure industry is another major consumer of Duplex Stainless Steels, as they are ideal for making bridges and other infrastructure projects. Apart from this, the chemical processing industry, subject to extreme operating environments, also makes extensive use of Duplex Stainless Ste...
Read more