Public Cloud in BFSI Market Market Size

Public Cloud in BFSI Market size is estimated at USD 64.8 billion in 2024 and is poised to cross USD 365.2 billion by the end of 2037, expanding at more than 15.5% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of public cloud in BFSI is assessed at USD 74.8 billion.

The public cloud in BFSI market is expanding due to the expansion of digital transformation initiatives in all industries and a global upsurge in the use of smartphones and the Internet. According to the International Telecommunication Union (ITU), 67% of the world's population, or over 5.4 billion people, were online in 2023. This is an increase of 45% since 2018, with 1.7 billion individuals projected to have come online during that period. Moreover, millions of users use public cloud services to store crucial documents and other sorts of multimedia online. There could be a spike in demand for public cloud services due to customer demand for massive volumes of data and the need for several data centers.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of public cloud in BFSI was over USD 64.8 billion.

The market size for public cloud in BFSI is projected to cross USD 365.2 billion by the end of 2037 expanding at a CAGR of 15.5% during the forecast period i.e., between 2025-2037.

The major players in the market are Lumen Technologies, Inc. DXC Technology Company, Intel Corporation, Dell EMC, Panzura, Inc., VMware LLC, Equinix, Inc., Rackspace Technology, Inc., Citrix Systems, Inc., Cisco Systems Inc., and others.

The SMEs segment is anticipated to garner a share of 70.3% during 2025-2037.

The North America public cloud in BFSI sector is poised to hold 40.0% share by the end of 2037.

Public Cloud in BFSI Market Market Size