New York, NY, Feb. 05, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Mobile Cloud Market by Deployment (Public, Private, and Hybrid), by Application (Entertainment, Education, Utilities, Productivity, Travel and Navigation, Social Networking, Business & Finance, and Others), and by End-User (Enterprise and Individual): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025”. According to the report, the global mobile cloud market accounted for USD 19.9 billion in 2018 and is expected to reach around USD 122.8 billion globally by 2025, at a CAGR of 29.7% between 2019 and 2025.
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.
Browse through 69 Tables & 29 Figures spread over 163 Pages and in-depth TOC on “Global Mobile Cloud Market: By Type, Applications, Size, Industry Share, Segments, Analysis and Forecast, 2018—2025”.
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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. 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. The entertainment segment is projected to grow substantially over the forecast timeframe, owing to the introduction of numerous mobile apps for games, music, videos, etc. Enterprise and individual comprise the end-user segment of the mobile cloud market. The individual segment is estimated to grow notably in the years ahead, due to the rising investments by various technology providers in the public cloud.
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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 to the North American market in the future. This can be attributed to the presence of major players, such as Microsoft Corporation, Amazon Web Service, IBM Corporation, Apple, Inc., etc., and 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. Furthermore, the increasing use of mobile cloud technology in travel and navigation is driving the mobile cloud market growth in North America. Major players, such as Microsoft Corporation and Alphabet, Inc., have collaborated or invested in transportation network firms or cab sharing service providers, such as Uber and Lyft. In 2015, Microsoft invested about USD 1 billion in Uber to reinforce their partnership.
The European mobile cloud market is likely to be driven by the increasing use of technology by the BFSI sector over the estimated timeframe. The UK is anticipated to be a major contributor in this regional market. With the increasing adoption of “Internet of Thing” (IoT)” by the BFSI sector, the demand for mobile cloud will increase in the future. Mobile cloud computing is a vital part of IoT.
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The Asia Pacific region is likely to grow notably in the global mobile cloud market over the estimated timeframe. This can be attributed to the increasing demand for smartphones in China and India. In 2017, the number of smartphone users in India was around 299 million as compared to 199 million in 2015. Additionally, in 2014 the total number of smartphone users in China was more than 480 million and it is expected that this number would reach 690 million by 2019. With major smartphone manufacturers, such as Samsung, Apple, and Xiaomi, focusing on expanding their business in the Asia Pacific region, the mobile cloud market is estimated to grow in the future.
Latin American and the Middle Eastern and African markets are expected to grow notably over the coming years, due to the various activities organized by the governments of Brazil, Argentina, South Africa, and UAE to promote the use of mobile cloud technology in various industries.
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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.
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This report segments the global mobile cloud market into:
Global Mobile Cloud Market: Deployment Analysis
- Public
- Private
- Hybrid
Global Mobile Cloud Market: Application Analysis
- Entertainment
- Education
- Utilities
- Productivity
- Travel and Navigation
- Social Networking
- Business and Finance
- Others
Global Mobile Cloud Market: End-User Analysis
- Enterprise
- Individual
Global Mobile Cloud Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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