CHICAGO, Nov. 24, 2020 /PRNewswire/ -- According to a research report "Cloud Mobile Backend as a Service (BaaS) Market by Application (Cloud Storage and Backup, User Authentication, Database Management, Push Notification), Platform (Android, iOS) Enterprise Size, Vertical (BFSI, Retail), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Cloud Mobile BaaS Market size is expected to grow from USD 2.0 billion in 2020 to USD 5.9 billion by 2025, at a CAGR of 23.9% during the forecast period. Growing mobile app-driven economies demand BaaS, Increasing the adoption of mobile devices, and BaaS helps developers concentrate on the frontend for faster development and deployment are driving factor for the Cloud mobile BaaS market.
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The Database Management segment to hold a larger market size during the forecast period
The Database management application segment is projected to contribute majorly to the Cloud Mobile BaaS Market among the applications. These growths these segments are supported by enterprises are transforming to the digital world and cloud adoptions by enterprises from verticals across the world.
SMEs segment to grow with higher market size during the forecast period
The Small and Medium size enterprises (SMEs) segment is expected to grow with a higher rate contributing to the market. This growth of SMEs is supported by the implementation of the Cloud mobile BaaS solution, along with services, is expected to result in better risk mitigation, reduced administrative overhead, reduced cost of compliance, favorable business outcomes, and improved business efficiency for SMEs.
North America to hold the largest market size during the forecast period
The North American Cloud Mobile BaaS Market is already mature for Cloud mobile BaaS systems, and a significant number of new installations of Cloud mobile BaaS and upgrade of the existing Cloud mobile BaaS solutions. Currently, the United States (US) holds the highest share in the Cloud Mobile BaaS Market as it is home to large telecom giants, well-established suppliers, as well as end-user industries that continuously adapt to newer technologies for improved business productivity and work efficiency.
Market players profiled in Cloud Mobile Backend as a Service (BaaS) Market include Microsoft (US), IBM (US), Oracle (US), Temenos (Switzerland), AWS (US), Google (US), PROGRESS (US), Kii (US), ProgrammableWeb (US), Appcelerator (France), EXADEL (US), 8Base (US), Back4App (US), Built.io (US), Backendless (US), Couchbase (US), Kumulos (US), Kuzzle (France), BaaSBox (Italy), Loopback (US), and PubNub (US). These players offer various Cloud mobile BaaS solutions and services to cater to the demands and needs of the market. Major growth strategies are adopted by the players, including acquisitions, partnerships, collaborations and agreements, and new product launches/product enhancements.
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