The latest report by MarkNtel Advisors, titled “Mobile Cloud Computing Market Report By Services (Infrastructure as a Service [IaaS], Platform as a Service [PaaS], Software as a Service [SaaS]), By Deployment Type (Public Cloud, Private Cloud, Hybrid Cloud, Others), By Enterprise Size (Small and Medium, Large), By End Users (Gaming, Banking, Financial Services, and Insurance [BFSI], Retail & E-Commerce, Healthcare & Life sciences, IT & Telecom, Government & Transportation, Others) other and Region 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the Mobile Cloud Computing Market research report.
What is the market outlook for Mobile Cloud Computing?
The Mobile Cloud Computing Market size is estimated to grow at a CAGR of around 22% during the forecast period 2023–28.
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Major Companies Operating in the Mobile Cloud Computing Industry:
Amazon Web Services [AWS], Microsoft Azure, Google Cloud Platform [GCP], Alibaba Cloud, Oracle Cloud, IBM Cloud [Kyndryl], Salesforce Inc., SAP SE , Red Hat, Inc., VMware Inc., DigitalOcean, LLC., Tencent Cloud, OVHcloud, Parse, Rackspace Technology, Others [Lumen, Cloud Foundry, Inc., etc.]
Mobile Cloud Computing Market Report Segmentation:
By Services
-Infrastructure as a Service (IaaS)
-Platform as a Service (PaaS)
-Software as a Service (SaaS)
- Of them, Infrastructure as a Service (IaaS) offered by the service providers such as Amazon Web Services, IBM Cloud, etc., gained a significant share in the market since IaaS services offer cloud-based computing resources like servers, storage, and networking, which are essential for supporting mobile applications.
By Deployment Type
-Public Cloud
-Private Cloud
-Hybrid Cloud
-Others (Community Cloud, Virtual Private, etc.)
By Enterprise Size
-Small and Medium
-Large
By End Users
-Gaming
-Banking, Financial Services, and Insurance (BFSI)
-Retail & E-Commerce
-Healthcare & Life sciences
-IT & Telecom
-Government & Transportation
-Others (Education, Supply Chain & Logistics, etc.)
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Regional Insights:
- North America: US, Canada, Mexico
- Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
- Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
Key Driver: Increased Focus on Mobility by the Enterprises to Augment the Market Growth
With the widespread adoption of mobile devices such as smartphones & tablets, there has been a significant upsurge in demand for mobile applications & services. Significant advancements in mobile technology, such as faster processing speeds, improved battery life, and better connectivity, have made it possible to run more complex applications & services on mobile devices. As a result, there has been a rise in demand for these solutions that can provide the necessary resources & capabilities to support these applications & services.
In addition, these solutions offer several benefits over traditional mobile computing, such as improved scalability, flexibility, and cost-effectiveness. Consequently, with the additional benefits these services offer over conventional on-premise services, many businesses have shifted their focus to mobile devices & mobility in recent years. As a result, there has been a growing demand for mobile cloud computing solutions that provides the necessary resources & capabilities to support these mobile initiatives.
Further, the government initiatives to accelerate digitalization in the countries such as India, the UAE, etc., are also propelling the industry verticals like banking & finance, retail & e-commerce to mitigate their business operations by launching appropriate applications. Hence, the shift of the end-users towards introducing their mobile apps to facilitate consumer reach would escalate the market in the forthcoming years.
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