NEW YORK, United States, June 29, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Cloud Mobile Backend As A Service (BaaS) Market Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030” in its research database. According to the latest research study, the demand of global Cloud Mobile Backend As A Service (BaaS) Market size & share in terms of revenue was valued at USD 3.0 billion in 2022 and it is expected to surpass around USD 7.3 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 24.1% during the forecast period 2023 to 2030.
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.
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Cloud Mobile Backend As A Service (BaaS) Market Overview:
Backend as a service is another name for cloud mobile backend as a service. Additionally, it gives online and mobile app developers a mechanism to link their applications to backend cloud storage and application programming interfaces (APIs). Additionally, the cloud mobile backend as a service provides extraordinary capabilities like user administration, push notifications, and integration with social network connection services. These services are provided through the use of specialized software development kits (SDKs) and application programming interfaces (APIs). A breakthrough in cloud computing is cloud mobile backend as a service, or cloud BaaS. It will assist the developers in concentrating on giving the end consumers a flawless experience.
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- Introduction, Overview, and in-depth industry analysis are all included in the updated report.
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Zion Market Research Methodology
Global Cloud Mobile Backend As A Service (BaaS) Market Dynamics:
Growth Factors:
- Smartphones will drive global market growth in 2023-2030
Smartphone use and the need to communicate will drive global cloud mobile backend as a service (BaaS) industry development. Mobile app adoption has shaped any company's economy and produced a large requirement for cloud mobile backend as a service (BaaS). Cloud-based apps and smart equipment are driving global market growth. Additionally, the widespread adoption of cloud mobile backend as a service in major and small & medium-sized organizations will grow the worldwide BaaS industry.
Cloud mobile Baas also improves communication, transaction costs, and client loyalty. MindSea reported 205 billion smartphone app downloads in 2019. The global cloud mobile backend as a service (BaaS) industry will develop as smartphone app demand rises.
Restraints:
- 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)
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Report Scope
| Report Attribute | Details |
| Market Size in 2022 | USD 3.0 Billion |
| Projected Market Size in 2030 | USD 7.3 Billion |
| CAGR Growth Rate | 24.1% CAGR |
| Base Year | 2022 |
| Forecast Years | 2023-2030 |
| Key Market Players | 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. |
| Key Segment | By Type, By Application, and By Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
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Cloud Mobile Backend As A Service (BaaS) Market: Segmentation Analysis
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. The iOS sector, which led the global market share in 2022, is expected to continue to do so. iOS processors' low TAT and efficiency explain the segmental spike.
The global Cloud Mobile Backend as a Service (BaaS) market is categorized by application into Cloud Storage and Backup, Database Management, User Authentication, Push Notification, and Database Management. The Database Management segment, which led the global industry in 2022, is expected to dominate the industry during the forecast period. Database management software' ability to store and retrieve computer data will determine the segment's growth during the projected period. Database management will also define operations, security standards, and data storage for database administrators throughout the data lifecycle.
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. BFSI, which dominated the worldwide industry in 2022, will also dominate the vertical area in the future decade. The banking industry's heavy usage of online payment systems across the assessment period drove segment growth.
The global Cloud Mobile Backend As A Service (BaaS) market is segmented as follows:
By Application
- Cloud Storage and Backup
- Database Management
- User Authentication
- Push Notification
- Database Management
By Platform
- Android
- iOS
By Enterprise Size
- Small and Medium-sized Enterprises
- Large Enterprises
By Vertical
- BFSI
- Manufacturing
- Gaming
- IT & ITES
- Healthcare
- Pharmaceuticals
- Media
- Entertainment
- Telecommunications
Browse the full “Cloud Mobile Backend As A Service (BaaS) Market By Application (Cloud Storage And Backup, Database Management, User Authentication, Push Notification, And Database Management), By Platform (Android And IOS), By Enterprise Size (Small And Medium-Sized Enterprises And Large Enterprises), By Vertical (BFSI, Manufacturing, Gaming, IT & ITES, Healthcare, Pharmaceuticals, Media, Entertainment, And Telecommunications), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030" Report at- https://www.zionmarketresearch.com/report/cloud-mobile-backend-as-a-service-market
Competitive Landscape
Some of the main competitors dominating the global Cloud Mobile Backend As A Service (BaaS) market include -
- 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
Key Insights from Primary Research:
- According to the analysis shared by our research analyst, the Cloud Mobile Backend As A Service (BaaS) market is likely to expand at a CAGR of around 24.1% during the forecast period (2023-2030).
- In terms of revenue, the Cloud Mobile Backend As A Service (BaaS) market size was valued at around US$ 3.0 billion in 2022 and is projected to reach US$ 7.3 billion by 2030.
- The global market is anticipated to record massive growth over the forecast period due to the large-scale use of smartphones with the emerging need for communicating with each other.
- Based on platform, the iOS segment contributed to a major share of the global market in 2022
- In terms of application, the database management segment is predicted to account for a major market share over the predicted timespan.
- On basis of vertical, the BFSI segment is predicted to register the fastest CAGR and contribute a major share to the global market over the assessment period.
- On basis of enterprise size, the small and medium-sized enterprises segment is predicted to contribute a major share of the global market over the assessment period.
- Region-wise, the North American region is projected to be the key regional revenue driver of the global market during the projected timeframe.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Cloud Mobile Backend As A Service (BaaS) industry?
- What are the main driving factors propelling the Cloud Mobile Backend As A Service (BaaS) Market forward?
- What are the leading companies in the Cloud Mobile Backend As A Service (BaaS) Industry?
- What segments does the Cloud Mobile Backend As A Service (BaaS) Market cover?
- How can I receive a free copy of the Cloud Mobile Backend As A Service (BaaS) Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Application, By Platform, By Enterprise Size, By Vertical, and By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
North America's Cloud Mobile Backend as a Service (BaaS) Market is expected to experience a notable expansion, over the projected period. Additionally, the growth in cloud mobile BaaS deployments in nations like the U.S. might be blamed for the regional market increase. Additionally, the U.S. is home to significant end-user sectors, huge suppliers, and telecom companies, supporting regional market growth.
Aside from this, the Asia-Pacific area is anticipated to expand quickly in the next years. Increased demand for cloud BaaS from businesses in nations like Thailand, China, Indonesia, Philippines, Taiwan, South Korea, Malaysia, Singapore, India, Japan, and Australia may have an impact on the regional industry's growth.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Recent Developments
- In the second half of 2020, Microsoft Corporation, a U.S.-based software giant, integrated chat systems into Azure communications service. The firm helps developers in adding new tools to current apps and enhance business operations and communications. This move will expand the scope of the growth of Cloud Mobile Backend as a Service (BaaS) business across the globe
- In the second quarter of 2020, Slack Technologies and AWS signed a strategic alliance for enhancing enterprise workforce collaboration. This can benefit as well as accelerate the growth of the Cloud Mobile Backend as a Service (BaaS) business in the U.S. and across the North American sub-continent.
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