Frequently asked questions
The COVID-19 pandemic positively impacted the expansion of the global public cloud in the BFSI market, owing to a shift in remote working by businesses and individuals and a sharp rise in video conferencing. Public cloud has been widely adopted in the BFSI market globally due to the widespread use of cloud computing services as a digital transformation engine for promoting business consistency during the pandemic.
North America held the largest share of the global public cloud in the BFSI market in 2022.
Robust growth in digital transformational strategies across the BFSI industry and the increased penetration of internet & mobile devices globally boost the expansion of the global public cloud in the BFSI market size.
The infrastructure as a service segment had a major share in the global market in 2022.
In 2022, the software segment had a major revenue share in the global market.