Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.0 Billion | USD 7.3 Billion | 24.1% | 2022 |
The global Cloud Mobile Backend as a Service (BaaS) market size was evaluated at $3.0 Billion in 2022 and is slated to hit $7.3 Billion by the end of 2030 with a CAGR of nearly 24.1% between 2023 and 2030.
The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.
Cloud mobile backend as a service is also identified as backend as a service. Furthermore, it helps web app developers and smartphone app developers a way of connecting their apps to backend cloud storage and app programming interfaces (APIs). In addition to this, the cloud mobile backend as a service offers exceptional features including push notifications, user management, and assimilation with social network connection services. These services are offered by means of the use of customized application programming interfaces (APIs) and software development kits (SDKs). Cloud mobile backend as a service also referred to as cloud BaaS is a breakthrough in cloud computing. It will help the developers in focusing on providing a seamless experience to the end users.
Large-scale use of smartphones to boost the global market growth in 2023-2030
Large-scale use of smartphones with an emerging need for communicating with each other will boost the global cloud mobile backend as a service (BaaS) market trends. Rise in acceptance of mobile apps has played a major role in shaping the economy of any firm and it has also created a huge need for cloud mobile backend as a service (BaaS). Surge in the use of cloud-based apps and the rise in the adoption of smart equipment are some of the factors driving the growth of the global market. In addition to this, the prominent use of cloud mobile backend as a service in various large and small & medium-sized enterprises will proliferate the size of the global cloud mobile backend as a service (BaaS) market across the globe.
Furthermore, cloud mobile Baas provides benefits including low transaction costs, enhanced communication channels, and customer loyalty. According to MindSea, in 2019, nearly 205 billion smartphone applications were downloaded globally. With a surge in smartphone apps demand, it is more likely that the cloud mobile backend as a service demand will increase and this will boost the growth of the cloud mobile backend as a service (BaaS) market globally.
Huge capital expenditure needed for cloud BaaS systems to hinder the global industry expansion over forecast timespan
High capital spending required for cloud mobile BaaS systems along with growing charges for the initial purchase of BaaS can put brakes on the global cloud mobile backend as a service (BaaS) industry. Growing deployment costs, infrastructural costs, and refurbishment can limit the use of the cloud mobile backend as a service (BaaS).
Escalating acceptance of mobile equipment to open new growth avenues for the global market over 2023-2030
Adoption of mobile equipment including smartphones, laptops, & wearables and its integration with AI technology will create new opportunities for growth for the global Cloud Mobile Backend as a Service (BaaS) market.
Growing privacy & security concerns pertaining to confidential data & business processes to pose a huge challenge towards the expansion of the global industry in 2023-2030
Maintaining the confidentiality of the company’s data, particularly fiscal data, plays a prominent part in firms. Hence, firms are forced to transfer their personal data & business process operations to the cloud. Moreover, firms are extremely sensitive when it comes to their communication channels as it affects their data privacy and safety. This can pose a big challenge to the global cloud mobile backend as a service (Baas) industry surge. Furthermore, in the case of enterprise data leakage, it is more likely that the client business can suffer a setback, thereby posing a huge challenge to global industry expansion.
The global Cloud Mobile Backend as a Service (BaaS) market is sectored into application, platform, enterprise size, vertical, and region.
In terms of platform, the global Cloud Mobile Backend as a Service (BaaS) market is segmented into Android and iOS segments. Apparently, the iOS segment, which made lucrative contributions toward the global market share in 2022, is anticipated to lead the overall market share even in the near future. The segmental surge can be attributed to rise in the iOS processors utility owing to their low TAT and efficiency.
Based on the application, the global Cloud Mobile Backend as a Service (BaaS) industry is divided into Cloud Storage and Backup, Database Management, User Authentication, Push Notification, and Database Management segments. Furthermore, the Database Management segment, which accounted for the global industry share in 2022, is set to account for a major industry share during the forecast timeline. The growth of the segment over the forecast timeline is subject to the ability of database management applications in storing and retrieving data from the computer. In addition to this, database management is predicted to be utilized for defining operations, security protocols, and data storage of database administrators throughout the lifecycle of the data.
On the basis of organization size, the global Cloud Mobile Backend as a Service (BaaS) market is bifurcated into small & medium-sized enterprises and large enterprises segments. Furthermore, in 2022, the small & medium-sized enterprises segment gained a huge chunk of the market revenue. Moreover, it is predicted to dominate the global market share in the forecasting timeline. The segmental growth can be credited to the acceptance of new tools & solutions in small and medium-sized enterprises.
In terms of vertical, the global Cloud Mobile Backend as a Service (BaaS) industry is sectored into Entertainment, BFSI, Pharmaceuticals, Manufacturing, Healthcare, Gaming, ITES & IT, Media, and Telecommunications. In addition, the BFSI segment, which occupied a major share of the global industry in 2022, will dominate the vertical space even in the coming decade. The growth of the segment over the assessment timespan can be attributed to the massive use of online payment systems in the banking sector in recent years.
Report Attributes | Report Details |
---|---|
Report Name | Cloud Mobile Backend as a Service (BaaS) Market Research Report |
Market Size in 2022 | USD $3.0 Billion |
Market Forecast in 2030 | USD $7.3 Billion |
Compound Annual Growth Rate | CAGR of 24.1% |
Number of Pages | 190 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | 8base, Inc., Axway, Back4App, Amazon Web Services Inc., Baasbox SRL IT, Backendless Corporation, Couchbase, Inc., Built.io LLC, Google LLC, Exadel, Inc., Kii Corporation, IBM Corporation, Kumulos, Microsoft Corporation, KUZZLE, Oracle Corporation, Programmable Web LLC, Sofbang LLC, Progress Software Corporation, PubNub Inc., and Temenos AG. |
Segments Covered | By Application, By Platform, By Enterprise Size, By Vertical, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Cloud Mobile Backend as a Service (BaaS) Market in North America To Witness Massive Expansion Over 2023-2030
The Cloud Mobile Backend as a Service (BaaS) Market in North America is anticipated to witness a noteworthy expansion over the forecasting timeline. Moreover, the regional market expansion can be credited to the rise in number of deployments of cloud mobile BaaS across the countries such as the U.S. Furthermore, the U.S. houses big telecom players, large suppliers, and end-user industries, thereby succoring the regional market growth.
Apart from this, the Asia-Pacific region is set to grow at a swift pace in the ensuing years. The regional industry growth can be subject to an increase in demand for cloud BaaS in firms in countries including Thailand, China, Indonesia, Philippines, Taiwan, South Korea, Malaysia, Singapore, India, Japan, and Australia.
The Cloud Mobile Backend as a Service (BaaS) Market profiles key players such as:
By Application
By Platform
By Enterprise Size
By Vertical
By Region
FrequentlyAsked Questions
Cloud mobile backend as a service is also identified as backend as a service. Furthermore, it helps web app developers and smartphone app developers a way of connecting their apps to backend cloud storage and app programming interfaces (APIs). In addition to this, the cloud mobile backend as a service offers exceptional features including push notifications, user management, and assimilation with social network connection services.
The global Cloud Mobile Backend as a Service (BaaS) Market is projected to expand over 2023-2030 owing to a surge in use of cloud-based apps and a rise in adoption of smart equipment.
According to study, the global Cloud Mobile Backend as a Service (BaaS) Market size was $3.0 billion in 2022 and is projected to reach $7.3 billion by the end of 2030.
The global Cloud Mobile Backend as a Service (BaaS) Market is anticipated to record a CAGR of nearly 24.1% from 2023 to 2030.
The North American Cloud Mobile Backend as a Service (BaaS)industry is set to register humungous growth over the upcoming years owing to a rise in number of deployments of cloud mobile BaaS across the countries such as the U.S. Furthermore, the U.S. houses big telecom players, large suppliers, and end-user industries, thereby succoring the regional market growth.
The global Cloud Mobile Backend as a Service (BaaS) Market is led by players like 8base, Inc., Axway, Back4App, Amazon Web Services Inc., Baasbox SRL IT, Backendless Corporation, Couchbase, Inc., Built.io LLC, Google LLC, Exadel, Inc., Kii Corporation, IBM Corporation, Kumulos, Microsoft Corporation, KUZZLE, Oracle Corporation, Programmable Web LLC, Sofbang LLC, Progress Software Corporation, PubNub Inc., and Temenos AG.
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