Wednesday, August 14, 2024

Cloud Mobile Backend as a Service Market Opportunities, Share, Trends, And Forecasted Growth For 2024-2030

The global Cloud Mobile Backend as a Service Market size is expected to grow from USD 4.1 billion in 2023 to USD 9.2 billion by 2028 at a compound annual growth rate (CAGR) of 17.5% during the forecast period, according to a new report by MarketsandMarkets™. 

The service type segment of the cloud mobile BaaS market is segmented into cloud storage & backup, user authentication & authorization, database management, push notification, and other service types.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=813  

Cloud Mobile Backend as a Service Market Dynamics:

Drivers:

  1. Growing mobile app-driven economies demand BaaS.
  2. Escalating demand for mobile app development across diverse sectors

Restraints:

  1. Dependency on service providers.

Opportunities:

  1. Mobile apps and mobile games gaining popularity among the end-users.
  2. The proliferation of smartphones and the expansion of high-speed mobile networks
  3. Creating innovative and feature-rich mobile applications

List of Key Players in Cloud Mobile Backend as a Service Market:

·         AWS (US)

·         Google (US)

·         Microsoft (US)

·         Oracle (US)

·         MongoDB (US)

·         IBM (US)

·         Rackspace Technology (US)

·         Progress (US)

·         Temenos (Switzerland)

·         Cloudflare (US)

·         Couchbase (US)

Get Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=813  

By Service Type, the user authentication & authorization segment is expected to capture the highest CAGR during the forecast period.

The user authentication & authorization segment is estimated to hold the highest CAGR during the forecasted period. The user authentication & authorization service type segment, encompassing traditional authentication, multi-factor authentication (MFA), and single sign-on (SSO), plays a crucial role in the cloud mobile BaaS market. These services are fundamental in ensuring the security and integrity of mobile applications by managing user access to backend resources. Traditional authentication methods, though foundational, are complemented by the rising prominence of multi-factor authentication, adding an extra layer of security through multiple verification steps. Additionally, single sign-on solutions streamline the user experience by allowing seamless access across multiple applications with a single set of credentials.

In the dynamic landscape of mobile app development, where security is paramount, these authentication & authorization services not only protect sensitive user data but also enhance user convenience. As the demand for secure and user-friendly mobile experiences grows, the integration of robust authentication & authorization mechanisms within mobile BaaS becomes imperative, empowering developers to implement effective security measures without compromising the accessibility and usability of their applications. Therefore, the user authentication & authorization segment serves as a cornerstone in fortifying the overall integrity and trustworthiness of mobile applications in the cloud environment.

Based on the platform, the Android segment is expected to account for the largest market share during the forecast period.

The cloud mobile BaaS market, by Android, is segmented into iOS, Android, and other platforms. It is expected that during the forecast period, the Android segment is expected to hold the largest market size and share in the cloud mobile BaaS market. The Android platform segment in the cloud mobile BaaS market plays a pivotal role in facilitating the seamless integration and functionality of mobile applications on Android devices. As the dominant operating system in the global mobile market, Android compatibility within mobile BaaS is essential for ensuring widespread app accessibility. This segment encompasses tools, APIs, and services tailored specifically for Android app development, enabling developers to leverage cloud-based backend services effortlessly. It streamlines data storage, user authentication, and other backend functionalities, allowing developers to focus on creating feature-rich and responsive applications. The Android platform segment in mobile BaaS not only addresses the diverse needs of Android app developers but also ensures interoperability and optimization, contributing to a consistent and efficient mobile app experience across the vast Android ecosystem. As businesses increasingly prioritize mobile app development, the Android platform segment within cloud mobile BaaS emerges as a critical component in driving innovation, scalability, and user engagement for applications targeting the Android user base.

Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=813  

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 mobile BaaS market in 2023, and this pattern is anticipated to be true throughout the forecast period. In North America, cloud mobile BaaS solutions play a pivotal role in accelerating and simplifying mobile app development. These platforms offer a robust and scalable infrastructure for developers and businesses, allowing them to focus on building innovative mobile applications without the complexities of managing backend infrastructure. With the increasing demand for mobile apps across various industries, mobile BaaS solutions in North America facilitate rapid development cycles, enabling quicker time-to-market for products and services. The US and Canada are the major contributors, as most of the major companies in the cloud mobile BaaS market are based in these countries.

In this region, where mobile devices are ubiquitous, mobile BaaS providers cater to the diverse needs of developers ranging from startups to large enterprises. The flexibility and ease of integration provided by these platforms empower businesses to leverage advanced features such as authentication, real-time data synchronization, and serverless computing. Moreover, the competitive nature of the North American market demands agile and efficient development processes, making cloud mobile BaaS solutions a strategic enabler for businesses aiming to stay ahead in the dynamic mobile landscape. As security and compliance are paramount concerns, leading mobile BaaS providers in North America adhere to stringent standards, ensuring data protection and regulatory compliance for applications across various domains, including finance, healthcare, and eCommerce.

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.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

 

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com


No comments:

Post a Comment

Artificial Intelligence Market Strategy and Remarkable Growth Rate By 2030

AI Market Trends  Set to Explode! Growth Predicted to Reach $1.3 Trillion by 2030 Get ready for an AI revolution!  A new report by Marketsan...