Market Overview:
The global cloud core financial management suites market is expected to grow at a CAGR of over 16% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based financial management solutions by enterprises of all sizes, across different regions. Cloud-based financial management solutions offer several benefits such as improved efficiency and reduced costs, which is driving their adoption among enterprises. The global cloud core financial management suites market can be segmented on the basis of type into all-in-one and customized service. The all-in-one segment is expected to hold a larger share of the market during the forecast period, owing to its ease of use and affordability. On the basis of application, the market can be divided into large enterprises and small and medium sized enterprises (SMEs). SMEs are expected to account for a larger share of the global cloud core financial management suites market during the forecast period, as they are increasingly adopting these solutions in order to improve their operational efficiency. Geographically, North America is estimated to hold a leading position in terms of revenue contribution in 2018 followed by Europe due high adoption rate for latest technologies including cloud computing technology across various industry verticals such as BFSI sector etc.
Product Definition:
A cloud-based core financial management suite is a software as a service (SaaS) offering that provides comprehensive functionality for financial management, including general ledger, accounts payable, accounts receivable, budgeting and forecasting.
The importance of cloud-based core financial management suites lies in the fact that they offer businesses a way to manage their finances in the cloud. This can provide several benefits, such as improved efficiency and reduced costs. Additionally, because these suites are offered as SaaS solutions, businesses can get up and running quickly and easily without having to invest in any hardware or software.
All-in-One:
All-in-one is a term used to define solutions that offer integrated functionality for financial management. It can be defined as a solution that provides an integrated environment to carry out all the basic operations of banking and finance such as accounting, cash management, asset & liability management, and revenue recognition in one place.
Customized service:
Customized service is a term used to define the process where an external vendor provides additional services and solutions to an organization. The customized solution helps in reducing cost, improving efficiency, and providing flexibility which further help in enhancing the business performance of any company. In today’s competitive market, companies are focusing on transforming their business models by adopting cloud technology as well as digital technologies such as big data analytics and social media marketing.
Application Insights:
The large enterprises segment held the largest market share in 2017. This is attributed to the presence of a large number of large enterprises that can potentially benefit from using cloud core financial management suites. The small and medium-sized enterprises (SMEs) segment is expected to witness significant growth over the forecast period owing to increasing penetration of SMEs across various industry verticals such as BFSI, IT and telecom, retail and others.
Cloud computing has enabled SMEs to reduce costs associated with hardware procurement, software maintenance, data migration & infrastructure deployment while improving operational efficiency by enabling real-time collaboration. The ability of cloud computing platforms in handling dynamic business needs has resulted in increased adoption across all industry verticals thereby fueling demand for the global cloud core financial management suites market.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing government regulations and compliance with regulatory requirements, such as SOX, GLB, PCI-DSS, FISMA and others that are driving businesses toward adopting cloud computing solutions. Moreover, North America has a high penetration of SMEs that generate around 80% of all new jobs in the economy every year; hence it has a high potential for growth among these small enterprises also.
Asia Pacific is anticipated to grow at maximum CAGR during the forecast period owing to increasing investments by governments in developing countries like China and India along with other South East Asian economies for improving their financial management capabilities & infrastructure development which will eventually drive revenue generation from core banking solutions over next eight years or so.
Growth Factors:
- Increased demand for cloud-based financial management suites from small and medium businesses (SMBs) due to the lower cost of ownership, scalability, and ease of use.
- The need for better cash flow management and financial visibility among SMBs to help them make more informed business decisions.
- Growing demand for cloud-based ERP solutions as companies move away from traditional on-premises ERP systems.
- Rapid adoption of big data and analytics technologies by businesses, which is driving the need for cloud-based financial management suites that can provide actionable insights in real time.
- Increasing focus on corporate social responsibility (CSR) by businesses, which is leading to increased spending on philanthropic initiatives
Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud Core Financial Management Suites Market Research Report
By Type
All-in-One, Customized service
By Application
Large Enterprises, Small and Medium-sized Enterprises (SMEs)
By Companies
Sage Intacct, Workday, SAP, Microsoft, Oracle, Acumatica, FinancialForce.com, Unit4, Oracle (Netsuite), Kingdee, Netsuite, Banana.ch SA (Switzerland), yonyou
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Cloud Core Financial Management Suites Market Report Segments:
The global Cloud Core Financial Management Suites market is segmented on the basis of:
Types
All-in-One, Customized service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises, Small and Medium-sized Enterprises (SMEs)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sage Intacct
- Workday
- SAP
- Microsoft
- Oracle
- Acumatica
- FinancialForce.com
- Unit4
- Oracle (Netsuite)
- Kingdee
- Netsuite
- Banana.ch SA (Switzerland)
- yonyou
Highlights of The Cloud Core Financial Management Suites Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- All-in-One
- Customized service
- By Application:
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cloud Core Financial Management Suites Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cloud Core Financial Management Suites is a suite of cloud-based financial management tools that help organizations manage their finances more effectively. The suite includes tools for budgeting, forecasting, accounting, and reporting. It can be used by small businesses and midsize companies alike.
Some of the major companies in the cloud core financial management suites market are Sage Intacct, Workday, SAP, Microsoft, Oracle, Acumatica, FinancialForce.com, Unit4, Oracle (Netsuite), Kingdee, Netsuite, Banana.ch SA (Switzerland), yonyou.
The cloud core financial management suites market is expected to grow at a compound annual growth rate of 16%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cloud Core Financial Management Suites Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cloud Core Financial Management Suites Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cloud Core Financial Management Suites Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cloud Core Financial Management Suites Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cloud Core Financial Management Suites Market Size & Forecast, 2018-2028
4.5.1 Cloud Core Financial Management Suites Market Size and Y-o-Y Growth
4.5.2 Cloud Core Financial Management Suites Market Absolute $ Opportunity
Chapter 5 Global Cloud Core Financial Management Suites Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cloud Core Financial Management Suites Market Size Forecast by Type
5.2.1 All-in-One
5.2.2 Customized service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cloud Core Financial Management Suites Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cloud Core Financial Management Suites Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 Small and Medium-sized Enterprises (SMEs)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cloud Core Financial Management Suites Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cloud Core Financial Management Suites Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cloud Core Financial Management Suites Analysis and Forecast
9.1 Introduction
9.2 North America Cloud Core Financial Management Suites Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cloud Core Financial Management Suites Market Size Forecast by Type
9.6.1 All-in-One
9.6.2 Customized service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cloud Core Financial Management Suites Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 Small and Medium-sized Enterprises (SMEs)
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cloud Core Financial Management Suites Analysis and Forecast
10.1 Introduction
10.2 Europe Cloud Core Financial Management Suites Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cloud Core Financial Management Suites Market Size Forecast by Type
10.6.1 All-in-One
10.6.2 Customized service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cloud Core Financial Management Suites Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 Small and Medium-sized Enterprises (SMEs)
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cloud Core Financial Management Suites Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cloud Core Financial Management Suites Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cloud Core Financial Management Suites Market Size Forecast by Type
11.6.1 All-in-One
11.6.2 Customized service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cloud Core Financial Management Suites Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 Small and Medium-sized Enterprises (SMEs)
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cloud Core Financial Management Suites Analysis and Forecast
12.1 Introduction
12.2 Latin America Cloud Core Financial Management Suites Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cloud Core Financial Management Suites Market Size Forecast by Type
12.6.1 All-in-One
12.6.2 Customized service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cloud Core Financial Management Suites Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 Small and Medium-sized Enterprises (SMEs)
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cloud Core Financial Management Suites Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cloud Core Financial Management Suites Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cloud Core Financial Management Suites Market Size Forecast by Type
13.6.1 All-in-One
13.6.2 Customized service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cloud Core Financial Management Suites Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 Small and Medium-sized Enterprises (SMEs)
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cloud Core Financial Management Suites Market: Competitive Dashboard
14.2 Global Cloud Core Financial Management Suites Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sage Intacct
14.3.2 Workday
14.3.3 SAP
14.3.4 Microsoft
14.3.5 Oracle
14.3.6 Acumatica
14.3.7 FinancialForce.com
14.3.8 Unit4
14.3.9 Oracle (Netsuite)
14.3.10 Kingdee
14.3.11 Netsuite
14.3.12 Banana.ch SA (Switzerland)
14.3.13 yonyou
