Public Cloud in BFSI Market Size, Forecasting Share and Scope for 2024-2030
Public Cloud in BFSI Market size was valued at USD 67.44 Billion in 2023 and the total Public Cloud in BFSI revenue is expected to grow at a CAGR of 15% from 2024 to 2030, reaching nearly USD 179.41 Billion. Public Cloud in BFSI Market Overview: The Public Cloud in the BFSI (Banking, Financial Services, and Insurance) market is witnessing rapid growth due to the increasing adoption of cloud computing services by financial institutions. With the goal of reducing costs, enhancing flexibility, and promoting digital transformation, many banks and insurance firms are moving towards public cloud solutions, despite previous concerns over security and compliance. The post-Covid era has accelerated this shift, with public cloud services becoming a critical component in scaling operations, delivering fast customer services, and ensuring security. These solutions provide essential services such as IaaS, PaaS, and SaaS, allowing organizations to run complex applications...