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Introduction

We are seeing a major shift in the cloud purchasing priorities of financial institutions. This report looks at the findings of Ovum’s survey of FIs across Europe to understand how they plan to use cloud technology to support innovation and growth.

Highlights

  • Cloud is business as usual for financial institutions in Europe: over 80% of survey respondents run at least some business-critical applications on private or public clouds.
  • Multiple private and public clouds are actively in use. While private clouds remain the preferred choice for European FIs, 20% expect to manage a hybrid multi-cloud environment within the next two years.
  • Supplier preferences are shifting: nine out of 10 European FIs now favor cloud service providers that can orchestrate end-to-end management across data centers and networks.

Features and Benefits

  • Stay ahead of the curve by understanding where and how European FIs plan to use cloud technology to drive business growth
  • Future-proof your investment decisions by assessing your own strategy against that of your peers
  • Learn which factors are discouraging further FI investment in cloud technology and respond accordingly

Key questions answered

  • To what degree do European FIs rely on both private and public clouds?
  • Where are FIs planning to invest, and what are the barriers to further growth?
  • What do service providers need to do in order to meet the specific needs of this client base?

Table of contents

Summary

  • Catalyst
  • Ovum view
  • Key findings
  • Recommendations for enterprises

Appendix

  • Methodology
  • Further reading
  • Author

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