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Cloud FinOps Market worth $23.3 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, July 8, 2024 /PRNewswire/ — The global Cloud FinOps Market will grow from USD 13.5 billion in 2024 to USD 23.3 billion by 2029 at a compounded annual growth rate (CAGR) of 11.4% during the forecast period, according to a new report by MarketsandMarkets™. Cloud FinOps solutions are critical for small industries to deal with the overall and optimal management of expenses within the cloud environment. The cost of the cloud is perhaps one of the most critical ways small businesses can control their expenditure as it goes straight to their profit and loss account. Cloud FinOps tools enable customers to monitor usage and understand trends, find and prevent waste, and receive recommendations for improvements unique to their business. This allows small businesses to deploy resources wisely, develop facilities that meet the demands, and avert situations where the company is charged more than it can afford.

Browse in-depth TOC on “Cloud FinOps Market”

270 – Tables
60 – Figures
260 – Pages

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Scope of the Report

Report Metrics

Details

Market size available for years

2019–2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

Value (USD Billion)

Segments Covered

Offering, Application, Organization Size, Service Model, Deployment Model, and Vertical

Geographies Covered

North America, Europe, Asia Pacific, Middle East Africa, and Latin America

Companies Covered

Some of the significant Cloud FinOps Market vendors are AWS (US), Microsoft (US), IBM (US), Google (US), Oracle (US), Hitachi (Japan), VMware (US), ServiceNow (US), Datadog (US), Lumen Technologies (US), and Flexera (US).

 Future trends in Cloud FinOps for small industries are as follows: There is a high likelihood that cost management processes will be further automated through AI and machine learning in the near future. This will improve the ability of predictive analysis and help businesses make better estimates of what they should expect to spend in the future. Furthermore, there is a growing trend to implement FinOps practices as a part of the DevOps process to help spread the culture of cost responsibility. In conclusion, as cloud adoption increases across small industries, Cloud FinOps solutions will refine the availability of improved and advanced tools and techniques to enhance businesses’ financial performance and competency in the digital environment.

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The services segment is expected to capture the highest CAGR during the forecast period by offering segment.

The offering segment of the Cloud FinOps Market is segmented into solutions and services. The services segment accounted for the highest CAGR during the forecasted period. The services segment includes managed and professional services, which play a crucial role in facilitating the adoption of FinOps practices among enterprises in the Cloud FinOps Market. Professional services offer strategic guidance, consulting, and implementation support to help organizations assess their current cloud spending, develop FinOps strategies, and optimize their cloud financial management processes. These services may include cloud cost analysis, architecture design, tool selection, and training programs to empower teams with the necessary skills and knowledge.

On the other hand, Managed services provide ongoing support and operational assistance to ensure the effective execution of FinOps practices. This includes continuous monitoring of cloud usage, cost optimization recommendations, performance analysis, and governance enforcement. Together, Managed and Professional services enable enterprises to maximize the value of their cloud investments, control costs, and drive financial accountability in their cloud operations.

Based on the solution, the native solutions segment is expected to hold the largest market share during the forecast period.

The Cloud FinOps Market, by solution, is segmented into native solutions and third-party solutions. It is expected that during the forecast period, the native solutions segment is expected to hold the largest market size and share in the Cloud FinOps Market. Native solutions in the Cloud FinOps Market refer to built-in cost management and optimization tools provided by major cloud services providers such as AWS, Azure, and Google Cloud. These native solutions offer comprehensive capabilities for monitoring, analyzing, and optimizing cloud spending, allowing organizations to manage their cloud resources and control costs efficiently. With features such as cost allocation tagging, budgeting, reserved instance management, and recommendation engines, these providers empower users to maximize the value of their cloud investments while ensuring financial accountability. As the primary native solutions providers, AWS, Azure, and Google Cloud play a pivotal role in shaping the landscape of Cloud FinOps.

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Native solutions offer advantages for FinOps teams by providing seamless integration with cloud provider services, ensuring optimal compatibility and high performance. These tools streamline setup and configuration processes, reducing implementation time and effort. Cost efficiency is another key benefit, as native tools are often included in the platform pricing or offered for free. They also adhere to the cloud provider’s security and compliance standards, enhancing overall security. With up-to-date features and comprehensive insights, native tools enable better decision-making and resource optimization, ensuring FinOps teams remain current with the latest advancements and best practices from the cloud provider.

North America is projected to hold the largest market share during the forecast period.

By region, North America is projected to hold the most market share in the worldwide Cloud FinOps Market in 2024, and this pattern is anticipated to be valid throughout the forecast period. North America, which includes the US and Canada, leads the way in the Cloud FinOps Market, showcasing the most advanced levels in cloud utilization and financial operations incorporation. Several key FinOps solution providers, such as VMware, Apptio, and Flexera, are based in this area and are crucial in driving the market forward. These leading players provide robust platforms that effectively combine cloud cost management, financial responsibility, and operational efficiency, making them essential allies for organizations looking to enhance their cloud spending. The increased use of North America’s multi-cloud and hybrid cloud setups requires advanced FinOps techniques to handle challenges and guarantee cost-effectiveness on various cloud services. The area’s high-tech infrastructure and many tech-savvy businesses help boost the expansion and complexity of the Cloud FinOps Market.

The fast pace of digital transformation, driven by the necessity for companies to remain competitive in a technology-focused environment, significantly influences the Cloud FinOps Market in North America. This change has resulted in higher cloud usage, as businesses use cloud services for increased scalability, flexibility, and innovation. This change also presents obstacles in controlling cloud expenses, leading to a need for efficient FinOps strategies. The regulatory landscape requires strict financial responsibility and transparency regarding spending on cloud services. These rules require companies to implement FinOps frameworks to guarantee adherence and enhance the efficiency of their cloud finances. As a result, North America is projected to have the largest market share in the worldwide Cloud FinOps Market due to its high rates of adoption and the vital function of FinOps in attaining cost-effective and value-centered cloud operations.

Top Key Companies in Cloud FinOps Market:

Some of the significant cloud FinOps vendors include AWS (US), Microsoft (US), IBM (US), Google (US), Oracle (US), Hitachi (Japan), VMware (US), ServiceNow (US), Datadog (US), Lumen Technologies (US), and Flexera (US).

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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BMO Named Best Bank in North America, Western U.S. and Transaction Banking in North America by Global Finance

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Recognition highlights BMO’s investment in artificial intelligence, digital innovation and client experience 

TORONTO and CHICAGO and SAN FRANCISCO, June 18, 2026 /CNW/ – BMO today announced it has been recognized by Global Finance with three top honours: Best Bank in North America, Best Bank in the Western United States, and Best Bank for Transaction Banking in North America, spanning the publication’s World’s Best Banks and Treasury & Cash Management Awards programmes.

The recognition reflects BMO’s strength across its North American platform and continued momentum in key markets, as well as its leadership in treasury management, digital payments, artificial intelligence and liquidity solutions.

Together, the awards underscore BMO’s progress in scaling digital capabilities, advancing AI across its operations, and deepening client relationships to deliver more connected, innovative and client-focused banking experiences.

“Team BMO is focused on helping our clients make real financial progress with expert advice, innovative products and services, and world-class experiences,” said Darryl White, CEO, BMO Financial Group. “By integrating AI across our business, we’re personalizing client experiences, augmenting our teams with deeper insights, and automating how we deliver simpler, more proactive support – this recognition reflects our client commitment, the strength of our North American platform, and disciplined execution of our strategy.”

The Global Finance World’s Best Banks awards recognize financial institutions that demonstrate strong financial performance, strategic growth, and innovation in products and services.

“Being named Best Bank in the Western U.S. speaks to the momentum we’re building in key markets and the way our teams are showing up for clients every day,” said Darrel Hackett, U.S. CEO, BMO. “We’re focused on making banking more simple, connected and personal by combining strong local relationships with the scale and capabilities of a leading U.S. bank.”

Across North America, BMO continues to invest in technology and innovation to enhance the client experience – expanding digital capabilities and embedding AI across client engagement, risk management and operations. These investments are driving faster decisions, deeper insights and more connected financial services.

“We’re proud to be recognized for our leadership in transaction banking across North America. Our focus is clear – deliver smarter, faster and more connected treasury and payment solutions for clients,” said Sharon Haward-Laird, Group Head, Canadian Commercial Banking & North American Integrated Solutions, BMO. “By combining innovation, data and AI, we’re helping clients manage liquidity and drive their businesses forward.”

BMO has earned global recognition for AI talent development, reflecting its enterprise-wide approach to building and scaling advanced capabilities. With AI adoption exceeding 96% across employees and intelligent agents supporting frontline and operational teams, AI is embedded across the bank’s businesses. Guided by strong Responsible AI governance, BMO continues to advance AI and quantum innovation through the BMO Institute for Applied AI and Quantum – personalizing client experiences, augmenting teams and automating operations at scale.

To learn more about BMO’s AI and digital-first strategy, please visit: https://www.bmo.com/en-ca/main/about-bmo/our-impact/clients/technology-innovation/.

About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of April 30, 2026. Serving clients for more than 200 years, BMO provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services across Canada, the United States, and select markets globally. BMO is innovating for business value, by deploying and integrating human, digital and artificial intelligence to personalize client experiences, augment teams, and automate its business responsibly. Driven by its purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and stronger communities.

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SOURCE BMO Financial Group – Communications

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HawkEye 360 Announces New Leadership for Innovative Signal Analysis

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HERNDON, Va., June 18, 2026 /PRNewswire/ — HawkEye 360, Inc. (NYSE: HAWK), the global leader in signals intelligence data and analytics, today announced leadership changes within Innovative Signal Analysis (ISA), now part of HawkEye 360, appointing Cory Peichel as Senior Vice President and General Manager of HawkEye–ISA and Mark Volpi as Vice President and Deputy General Manager.

Cory will serve as the executive leader, responsible for end‑to‑end business performance. Reporting directly to the Chief Operating Officer of HawkEye 360, he will guide mission delivery excellence and serve as the senior customer‑facing executive for HawkEye–ISA. He will also lead the business sectors and functional disciplines responsible for delivering solutions and capabilities to address customer requirements and ensure disciplined execution across all portfolios.

Mark will serve as the deputy, supporting all aspects of strategic execution, operational performance, and customer engagement. His role will reinforce leadership continuity and strengthen alignment across the organization.

Both leaders bring significant technical expertise, deep knowledge of ISA’s mission, and a strong track record across the defense and intelligence community. They played key roles in integrating ISA with HawkEye 360 and have helped guide the organization through its transition to becoming a new public company with HawkEye 360’s IPO in May. Their practical leadership and customer‑focused approach continue to support how our teams adapt and work together in this new phase of growth.

“This leadership transition strengthens our commitment to delivering sophisticated, timely, and high‑confidence analytics to our defense, intelligence, and national security partners,” said Todd Probert, Chief Operating Officer of HawkEye 360. “Cory and Mark’s technical insight, operational discipline, and long‑standing mission focus position HawkEye–ISA for continued growth. Their leadership will help accelerate innovation and expand the value we deliver through advanced analytics and RF data solutions.”

The enhanced leadership structure reinforces HawkEye 360’s dedication to supporting critical national security missions, expanding advanced analytic capabilities, and delivering faster, more accurate insights that empower customers with the information advantage needed to address emerging threats.

We extend our sincere appreciation to ISA’s Founders, Stacy Kniffen and David Stevens, for their leadership and dedication to the defense and intelligence mission. We are grateful that they will continue to support the organization and the commitments we have made to provide world-class solutions to our customers.

About HawkEye 360
HawkEye 360 is equipping defense, intelligence, and national security leaders with mission-critical electronic warfare to enable faster, better decision-making. By detecting, geolocating, and characterizing radio-frequency emissions worldwide, HawkEye 360 delivers trusted domain awareness and early-warning indicators to the US Government and allied partners. Our space-based collection, proprietary signal processing, and AI-powered analytics transform knowledge of RF spectrum into a strategic advantage. Proven by operational mission success, HawkEye 360 is redefining how signals intelligence strengthens national and global security.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release, other than statements of historical fact, are forward-looking statements and represent the Company’s views as of the date of this press release. The words “will,” “expects,” “plans,” “could,” “would,” “believes,” “anticipates,” “intends,” “may,” “continue,” “estimate,” or similar expressions are intended to identify forward-looking statements. The Company has based these forward-looking statements on its current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control that could affect its financial results. These risks and uncertainties are detailed in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s final prospectus related to its initial public offering, dated May 6, 2026, and other filings that the Company makes from time to time with the SEC, which are available on the SEC’s website at sec.gov. Moreover, the Company operates in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for management to predict all risks, nor can the Company assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements the Company may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in any forward-looking statements. Except as required by law, the Company is under no obligation to update these forward-looking statements subsequent to the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

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SOURCE HawkEye 360 Inc.

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The Andersons, Inc. Declares Cash Dividend for Third Quarter 2026

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MAUMEE, Ohio, June 18, 2026 /PRNewswire/ — The Andersons, Inc. (Nasdaq: ANDE) announces a third quarter 2026 cash dividend of 20 cents ($0.20) per share payable on July 22, 2026, to shareholders of record as of July 01, 2026.

This is The Andersons 119th consecutive quarterly cash dividend since listing on the Nasdaq in February 1996.

About The Andersons, Inc.

The Andersons, Inc., is a North American agriculture and renewable fuels company. Guided by its Statement of Principles, The Andersons is committed to providing extraordinary service to its customers, helping its employees improve, supporting its communities, and increasing the value of the company. For more information, please visit www.andersonsinc.com.  

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SOURCE The Andersons, Inc.

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