Mobile Cloud Market: Current Analysis and Forecast (2021-2027)

Mobile Cloud Market: Current Analysis and Forecast (2021-2027)

The Mobile Cloud Market is expected to grow at a CAGR of 27% during the forecast period owing to the growing number of mobile phone users globally. The cloud segment across the enterprises continues to make notable progress in environment-friendly innovations that meet consumer demand for a more sustainable community. There is a noticeable rise in awareness about high-performance mobile cloud platforms that have catered the growing need across various end-user segments. Mobile cloud computing helps reducing the running cost for intensive applications that take long time and large amount of energy when performed on the limited-resource mobile devices. Many of the enterprises are adopting mobile cloud computing as a profitable business because it reduces the development, execution cost of mobile applications, and mobile users are enabled to acquire new technology as an on-demand basis. Major drivers for the growth of mobile cloud technology market are the rising adoption of cloud-based technology and advancements in mobile devices and increasing availability mobile internet broadband.

Some of the major players operating in the market are Amazon.com Inc., Microsoft Corporation, Google, Inc., Salesforce.Com Inc., Apple Inc., Rackspace Hosting Inc., Dell Technologies Inc., IBM Corporation, Oracle Corporation, Akamai Technologies Inc., etc.

Insights Presented in the Report
"Amongst application, the medical segment is expected to witness the highest CAGR during the forecast period”

Based on application, the market is segmented into gaming, entertainment utilities, education, productivity, business & finance, social networking, healthcare, travel & navigation, and others. The healthcare segment grabbed the majority of the mobile cloud market and is expected to maintain its dominance during the forecast period. The occurrences of new diseases, growth in regulatory norms across the world, increasing focus on population health management, and growth in the advanced mobile application are driving the growth of mobile cloud computing in the healthcare application segment. Furthermore, an increase in medical data and an increasing number of people with deteriorating health are expected to drive the mobile cloud market.
"Amongst end-user, the enterprises segment is expected to witness the highest CAGR during the forecast period”

Based on end users, the market is segmented into enterprises and consumers. The enterprise segment is expected to hold the majority of the market owing to the increasing size of the data that is needed to be stored. Enterprises continues to make notable progress in environment-friendly innovations that meet consumer demand for a more sustainable community. There is a noticeable rise in awareness about high-performance mobile cloud platforms that have catered the growing need across various end-user segments.
"Asia Pacific to witness significant growth during the forecast period”

Asia Pacific is expected to dominate the mobile cloud market owing to rising smartphone penetration along with the rising utilization of online banking. Notably, a handful number of companies are encouraging to bring your own device (BYOD) policy, which may have a positive impact on the integration of mobile cloud applications, thereby, boosting the market growth. Furthermore, governments policies are also expected to drive the market for mobile cloud market in the region.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

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