Press Release Description

Global Cloud Mobile Backend-as-a-Service (BaaS) Market to Upsacale Amidst Growth of Economies Driven by Mobile Apps

The Global Cloud Mobile Backend-as-a-Service (BaaS) Market size was valued at USD3.8 billion in 2023 and is estimated to grow at a CAGR of around 18.5% during the forecast period, i.e., 2024-30, cites MarkNtel Advisors in the recent research report. The market for BaaS services targeted at mobile cloud computing is being influenced by numerous noteworthy trends. A notable trend involves an increased emphasis on server-less architecture, which empowers developers to concentrate exclusively on coding without bothering about managing the underlying infrastructure.

There is a noticeable trend among the mobile BaaS community towards adopting edge computing. This strategy involves processing data closer to its source, leading to improved real-time capabilities & reduced latency. Moreover, implementing this approach in BaaS for mobile applications improves response times, which is crucial for delivering exceptional user experiences. Additionally, leveraging edge computing technology can significantly enhance the low-latency interactions required by VR or AR apps.

Amazon and Microsoft are examples of companies that use AWS Amplify service and Azure Mobile Apps, respectively, to enable smooth backend operations for their large collection of mobile applications. By using these mobile BaaS solutions, tech giants can efficiently manage user authentication, real-time data synchronization, and other vital functionalities, resulting in a more responsive & agile approach to app development., further states the research report, “Global Cloud Mobile Backend-as-a-Service (BaaS) Market Analysis, 2024.”

Global Cloud Mobile Backend-as-a-Service (BaaS) Market

Global Cloud Mobile Backend-as-a-Service (BaaS) Market Segmentation Analysis

Small- & Medium-sized Enterprises to Lead in Terms of Market Share

Based on the organization size, the market is bifurcated into Small- & Medium-sized Enterprises and Large Enterprises. Among the two, the Small- & Medium-sized Enterprises (SME) sector is expected to lead in terms of market share during the forecast period, with Cloud Mobile BaaS being an essential part of providing cost-effective & scalable solutions for app development within these businesses. Outsourcing backend infrastructure & service management responsibilities allows for innovative applications without complex systems management. Moreover, using this technology enhances customer engagement capacity while producing operational efficiencies that foster digital transformation throughout global smaller-scale enterprise industries, leading toward business growth opportunities.

North America to Hold the Lion’s Share in the Market

The North American Cloud Mobile BaaS Market is expected to be chiefly boosted by the regional country, such as the US. In particular, for the span between 2024 and 2030 in North America, approximations propose that cloud mobile BaaS services' market share would mostly belong to the US region. The mobile app ecosystem in the US greatly benefits from Cloud Mobile BaaS, which serves as a key component. Also, by providing extensive backend services that improve the development & scalability of mobile apps, such platforms empower businesses, even colossal corporations. Further, major enterprises in America rely on these solutions to simplify their app creation procedures, thus instigating market growth.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Google, Microsoft, AWS, Oracle, IBM, Mongo dB, Rackspace Technology, Progress Software, Temenos, Cloudflare, Twenty57, Oursky Limited, Contentful, Pragma, Heroku, and Others (Braincloud, Addon Solutions), are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the Global Cloud Mobile Backend-as-a-Service (BaaS) Market?
  3. What key factors would propel and impede the industry across the region?
  4. How has the industry been evolving in terms of geography & service adoption?
  5. How has the competition been shaping across various regions?
  6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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