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FinOps: Current Ecosystem and State and Future Roadmap and Growth Opportunities
FinOps is an Emerging and Increasingly Important Concept that Facilitates Cloud Usage Optimization through Astute Cloud Financial Management.
24-Oct-2023
Global
Technology Research
Cloud has emerged as the most significant facilitating technological force behind digitalization efforts across industries and geographies. Owing to inherent benefits related to scale and flexibility, public cloud has witnessed rapid adoption and continues to enjoy increased uptake across enterprises and government entities.
Increased adoption of cloud services, in the form of complex hybrid architecture, has resulted in intricacies related to cloud financial management. This is where the FinOps concept and framework comes in to address the requirements of cloud financial management in a structured manner.
The global FinOps ecosystem is expanding fast, with large cloud service providers, technology giants, and innovative start-ups coming up with advanced tools and solutions that cater to cloud financial management needs. Consequently, the market is expected to grow at a high rate over the next 3-5 years, creating multifarious opportunities for all value chain stakeholders.
This Frost & Sullivan study delves deep into the FinOps framework and value chain and its constituents, and the aim is to unearth the key regional, sectoral, and technological nodes of the ecosystem and highlight the key organizations operating in it. The study also provides an overview of the future roadmap and growth opportunities.
Why Is It Increasingly Difficult to Grow?The Strategic Imperative 8™: Factors Creating Pressure on Growth
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the FinOps Sector
Growth Opportunities Fuel the Growth Pipeline Engine™
Research Methodology
Scope of Analysis
Growth Drivers
Growth Restraints
Growth Environment
Introduction to FinOps
The FinOps Life Cycle and Major Ecosystem Nodes
FinOps Sector Overview
Typical Cloud Financial Management Solution Architecture
Top Cloud Financial Management Challenges by Sector
Important Regional Insights Regarding FinOps Adoption
Stakeholder Ecosystem
Stakeholder Ecosystem: Comparative Benchmarking
Important Cloud Cost Management Tools That Top Cloud Service Providers Offer
Important Cloud Cost Management Tools That Top Cloud Service Providers Offer (continued)
Important Cloud Cost Management Tools That Top Cloud Service Providers Offer (continued)
Important Start-ups: FinOps or Cloud Cost Management
Important Start-ups: FinOps or Cloud Cost Management (continued)
Important Start-ups: FinOps or Cloud Cost Management (continued)
Future of FinOps: Automation—the Next Emerging Imperative
Growth Opportunity 1: Invest in and Partner with FinOps Solution Providers
Growth Opportunity 1: Invest in and Partner with FinOps Solution Providers (continued)
Growth Opportunity 2: Co-innovation and Partnerships in the Realm of Industry Clouds
Growth Opportunity 2: Co-innovation and Partnerships in the Realm of Industry Clouds (continued)
Growth Opportunity 3: Training and Development Opportunities
Growth Opportunity 3: Training and Development Opportunities (continued)
Technology Readiness Levels (TRL): Explanation
Your Next Steps
Why Frost, Why Now?
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A tailored session with you where we identify the:- Strategic Imperatives
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| Deliverable Type | Technology Research |
|---|---|
| Author | Rahul SenGupta |
| Industries | Cross Industries |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Financial Operations Ecosystem |
| Keyword 2 | Future Roadmap of FinOps |
| Keyword 3 | FinOps Market Trends |
| Podcast | No |
| WIP Number | DAB7-01-00-00-00 |