PUBLISHER: Quadrant Knowledge Solutions | PRODUCT CODE: 1445897
PUBLISHER: Quadrant Knowledge Solutions | PRODUCT CODE: 1445897
Global Market Share: Cloud Financial Planning & Analysis (Cloud FP&A), 2022
Quadrant Knowledge Solutions Reveals that Cloud Financial Planning & Analysis (Cloud FP&A) Market is Projected to Register a CAGR of 13.50% by 2027.
The financial planning market has seen a shift from on-premises to cloud deployment leading to the majority of FP&A deployment to be SaaS cloud offerings. Deployment of Cloud Financial Planning and Analysis Cloud (FP&A) solutions leads to ease of design, implementation, use and maintenance while offering extensive self-servicing analytics that helps finance users address modern demands and requirement such as rolling forecasts, driver-based planning, and scenario modeling. Cloud FP&A solutions also allows organizations to alter plans, reforecast budgets in real time, and integrate planning across business units to speed up the decision making, which, in turn, improves the accuracy and reliability of plans and forecasts. Modern cloud FP&A solutions drive business results through robust functionalities such as performance tracking and accelerating forecasting to enhance operational efficiency and generate insights. The future of cloud FP&A includes increased accountability to achieve corporate goals, optimized used of IT resources and infrastructure, and improved revenue along with cost reductions. Cloud FP&A, with its integrated automation solutions, brings together cognitive big data, machine learning, and artificial intelligence to provide predictive and prescriptive data analysis on past, present, and future performances, real-time monitoring for compliances, and real-time multi-dimensional analysis.
Quadrant Knowledge Solutions defines Cloud Financial Planning & Analysis (Cloud FP&A) as "A SaaS based solution that offers budgeting, financial planning, and forecasting features to support organizations' financial strategy. It offers in-depth analysis of both financial and operational data which helps to align an organization's business processes and strategies with financial goals enabling a holistic planning approach. Cloud financial planning and analysis solutions also evaluate organizations' progress toward achieving their goal, as well as maps out future goals and plans for organizations."
Cloud FP&A solutions have been integrating AI and machine learning capabilities to automate repetitive tasks, improve forecasting accuracy, and provide advanced analytics. These technologies help identify patterns, anomalies, and trends in financial data, enabling finance professionals to make data-driven decisions and gain valuable insights. Cloud FP&A solutions are evolving beyond traditional budgeting and forecasting functions to encompass broader integrated planning capabilities. This includes strategic planning, workforce planning, sales and operations planning, and capital expenditure planning. Integrated planning allows organizations to align financial plans with operational plans and drive better decision-making across departments. Cloud FP&A solutions are increasingly integrating with emerging technologies such as robotic process automation (RPA), blockchain, and Internet of Things (IoT). These integrations enhance data accuracy, automate processes, and enable the incorporation of real-time data streams for more precise financial planning and analysis.
Table of Contents
Chapter 01: Research Summary
- 2023 Competition Outlook
- Top Research Findings and Key Takeaways
Chapter 02: Market Overview
- Market Definition and Scope
- Revenue Type
- Geographical Regions
- Industry Verticals
Chapter 03: Market Share Analysis
- Market Share by Total Market
- Market Share by Deployment Type
- Cloud
- On-Premises
- Market Share by Geographical Regions
- Canada
- Central & Eastern Europe
- Japan
- Latin America
- Middle East & Africa
- USA
- Western Europe
- Asia Ex-Japan China (AxJC)
- China
- Market Share by Industry Verticals
- Banking and Financial Services
- Electronics & Telecom
- Retail and eCommerce
- Professional Services
- Healthcare and Life Sciences
- Manufacturing
- Media & Entertainment
- Government and Public Sectors
- Education
- Energy & Utility Others
- Others
- Market Share by Customer Types
- SMB
- Large
- Enterprise
Chapter 04: Analyst Recommendations
- Analyst Recommendations
Chapter 05: Appendix
- Research Methodologies
List of Tables
- Table 1 : Market Share, Total Market, Worldwide
- Table 2 : Market Share By Deployment Type, Worldwide
- Table 3 : Market Share By Geographical Regions, USA
- Table 4 : Market Share By Geographical Regions, Canada
- Table 5 : Market Share By Geographical Regions, Latin America
- Table 6 : Market Share By Geographical Regions, Western Europe
- Table 7 : Market Share By Geographical Regions, Central & Eastern Europe
- Table 8 : Market Share By Geographical Regions, MEA
- Table 9 : Market Share By Geographical Regions, Asia ex. JPC
- Table 10 : Market Share By Geographical Regions, Japan
- Table 11 : Market Share By Geographical Regions, China
- Table 12 : Market Share By Industry Vertical 1, Worldwide
- Table 13 : Market Share By Industry Vertical 2, Worldwide
- Table 14 : Market Share By Industry Vertical 3, Worldwide
- Table 15 : Market Share By Industry Vertical 4, Worldwide
- Table 16 : Market Share By Industry Vertical 5, Worldwide
- Table 17 : Market Share By Industry Vertical 6, Worldwide
- Table 18 : Market Share By Industry Vertical 7, Worldwide
- Table 19 : Market Share By Industry Vertical 8, Worldwide
List of Figures
- Fig. 1 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), Worldwide, 2022
- Fig. 2 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), USA, 2022
- Fig. 3 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), Canada, 2022
- Fig. 4 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), Latin America, 2022
- Fig. 5 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), Western Europe, 2022
- Fig. 6 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), Central & Eastern Europe, 2022
- Fig. 7 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), Middle East & Africa, 2022
- Fig. 8 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), Asia excluding Japan and China, 2022
- Fig. 9 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), Japan, 2022
- Fig. 10 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), China, 2022
- Fig. 11 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), IT & Telecom Industry, 2022
- Fig. 12 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), Banking & Financial Services Industry, 2022
- Fig. 13 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), Insurance Industry, 2022
- Fig. 14 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), Healthcare Industry, 2022
- Fig. 15 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), Government & Public Sector, 2022
- Fig. 16 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), Retail & eCommerce, 2022
- Fig. 17 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), Manufacturing, 2022
- Fig. 18 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), Hospitality, 2022
- Fig. 19 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), On-premises Deployment, 2022
- Fig. 20 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), Cloud Deployment, 2022
- Fig. 21 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), SMB Customers, 2022
- Fig. 22 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), Large Customers, 2022
- Fig. 23 Market Share of Cloud Financial Planning & Analysis (Cloud FP&A), Enterprise Customers, 2022
