Report Forecasts Cloud Tech Demand in Financial Services Industry Through 2020

Cloud securityA Technavio study, released by Research and Markets, predicts the global private and public cloud market in financial services industry will experience a compound annual growth rate of 13.12 percent from 2016 to 2020.

The 107-page market research report incorporates analysis and inputs from industry professionals and covers the market landscape and its growth forecast over the next four years, Research and Markets said in August.

Research and Markets says the growing demand for unlimited virtual storage and big data will drive the market and data security will pose a challenge.

Vendors highlighted in the report include:

  • Amazon Web Services
  • Computer Sciences Corp.
  • Fujitsu
  • Google
  • IBM
  • Microsoft
  • Oracle
  • Rackspace
  • Red Hat
  • VMware
  • Accenture
  • EMC
  • HPE
  • Infosys
  • SAP

You may also be interested in...


Nuxeo Obtains HITRUST CSF Certified Status for Content Mgmt Suite

The Health Information Trust Alliance has granted Nuxeo certified status for information security for its cloud-based content management tool offered through the Amazon Web Services platform.

Gremlins Dynetics

Dynetics Concludes Third Flight Test of Gremlins UAV for DARPA

A Dynetics-made unmanned aerial vehicle demonstrated autonomous and manual safety behaviors in a test flight series for the Defense Advanced Research Projects Agency. The Gremlins Air Vehicle, with its corresponding recovery system, performed seven hours of flight in November, at Utah-based Dugway Proving Ground, Dynetics, a Leidos subsidiary, said Wednesday.


HHS Taps Medallia to Help Augment Customer Experience in Health Services

Medallia will deliver user experience technology to help the Department of Health and Human Services address health-related public sector issues and augment key services for HHS customers. The company said Thursday it offers a government-tailored platform that helps agencies determine how to improve citizen experience based on feedback data.