Mobile Cloud Market - Global Industry Analysis

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The global mobile cloud market is likely to witness noteworthy progress in the years ahead, owing to the rising number of smartphone users. The global number of smartphone users in 2016 was about 2.1 billion. This number is estimated to reach about 2.5 billion by 2019. Furthermore, smartphone manufacturers, such as Apple, Inc., Samsung, Sony, etc., have opted to increase their spending on data centers. Furthermore, smartphone manufacturers are also focusing on reducing their dependency on third-party cloud service providers.

Increasing adoption of technology in the education sector has paved the way for the mobile cloud market in the past few years. Various online education service providers are focusing on artificial intelligence (AI) and cloud computing. In 2018, Baidu, Inc. announced it’s restructuring with a major focus on solidifying its foundation in cloud computing and AI. Furthermore, the social media platform providers, such as Facebook, are investing in data centers with a primary focus on e-commerce and cloud computing. However, the increasing cyber-attacks have led to data security concerns, which might limit this market’s growth in the years ahead. Organizations are taking extra precautions by encrypting data to prevent the occurrence of data theft.

The mobile cloud market is segmented on the basis of deployment, application, and end-user. By deployment, global mobile cloud market is segmented into public, private, and hybrid. The public segment is anticipated to grow significantly in the future, owing to the rising number of global smartphone users. Entertainment, education, utilities, productivity, travel and navigation, social networking, business and finance, and others form the application segment of the global mobile cloud market. Enterprise and individual comprise the end-user segment of the mobile cloud market.

By region, North America is the most technically advanced region and is projected to hold a considerable share of the global mobile cloud market over the estimated time period. The U.S. is expected to be a major contributor of the North American market in the future, owing to the increasing adoption of mobile cloud by the entertainment sector. With major companies in the entertainment sector investing in cloud technology, the North American mobile cloud market is anticipated to grow notably over the forecast timeline. Europe is anticipated to witness a noteworthy rise in the demand for mobile cloud due to its increasing usage in the education sector. With the introduction of various education apps, the demand for mobile cloud will increase in Europe, which, in turn, is likely to drive the European mobile cloud market in the upcoming years.

Some key players of the global mobile cloud market are Alphabet Inc., Microsoft Corporation, Apple, Inc., IBM Corporation, Amazon Web Services, Inc., Oracle Corporation, Dell Technologies Inc., Rackspace Inc., Salesforce.com, Inc., and Akamai Technologies, Inc., among others.