Mobile Cloud Market Synopsis:
As per a detailed analysis by Market Research Future (MRFR), the global mobile cloud market is estimated to surpass a valuation of USD 66 billion, garnering a CAGR of 22% during the forecast period (2018-2023). Mobile cloud is defined as a branch of cloud computing where the applications, data, and services of a smartphone can be hosted from the cloud.
To develop applications for multiple models for diverse OS need cross-platform expertise. Mobile Cloud Market assists the application developers in overcoming the situation by moving the application on the cloud server, thereby offering multi-platform support to the users.
The prominent players dominating the global mobile cloud market comprises Microsoft Corporation (U.S.), Amazon Web Services (U.S.), Cisco Systems, Inc. (U.S.), Oracle, Inc. (U.S.), IBM Corporation (U.S.), Google, Inc. (U.S.), Alibaba Group (China), Akamai Technologies (U.S.), Apple Inc. (U.S.), and DELL EMC Corporation (U.S.).
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Market Potential and Pitfalls:
The global mobile cloud market has witnessed a tectonic surge over the past few years, mainly due to the increased adoption of cloud-based technologies along with the advancements made in the mobile devices. The plummeting availability of mobile internet broadband is promoting the growth of the market. Cloud-based technologies also offer flexibility, speed, and reliability when used with mobile. The integration of cloud services helps the applications to be easily updated and quickly built. It also helps in the storage and data backup issues for the users of the applications.
Moreover, mobile users can securely collect data which is stored on the cloud with data integration offered by cloud technology. Such benefits are likely to influence the growth of the market in the coming years. With the growth in Bring Your Own Device (BYOD) technologies and the availability of faster network connections are likely to shape the growth of the market.
On the contrary, privacy and security are the top two challenges which may curb the growth of the mobile cloud market in the foreseeable future. Moreover, smartphones are prone to malicious attacks, which increases the concerns for data security. The chances of data loss and cyber attacks have increased with the advent of wireless technology, thereby restricting the growth of the market. The high energy consumption of cloud-based applications and limited energy resources are likely to deter the market growth in the coming years.
Mobile Cloud Market Segmental Analysis:
The mobile cloud market is segmented as service, deployment, and application.
By mode of service, the mobile cloud market is segmented into platform, software, and infrastructure.
The deployment segment of mobile cloud computing comprises private, public, and hybrid cloud.
The application segment constitutes industrial, automotive, utilities, entertainment, healthcare, finance, education, and others. Among these, the entertainment segment is predicted to gain prominence in the coming years due to the advent of several mobile applications for music, games, videos, etc.
Geographically, the mobile cloud market spans across North America, Asia Pacific, Europe, and the Rest-of-the-World (RoW).
Considering the global scenario, the North American region acquires the lion’s share owing to the early adoption of cloud technologies in the region. With the presence of a well-established infrastructure, the regional market is anticipated to flourish. Majority of cloud computing organizations in this region is highly investing in research and advancements, which is further likely to contribute towards its growth in the foreseeable future. Investments are likely to flow towards the development of advanced technologies, thereby spurring the growth of the regional market.
Asia Pacific will experience the fastest growth owing to the existence of numerous several major mobile equipment manufacturers in China. Government mandates and policies are highly supporting the adoption of cloud-based and digital services in the region, which further influences the growth of the market. The region resonates strong opportunities and is likely to exhibit a higher CAGR in the long run. The advancements made in the mobile cloud market are estimated to pose a favorable impact on revenue creation.
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- Mobile Equipment Manufacturers
- Cloud Service Providers
- System Integrators
- Government bodies
- Technology Software and solutions providers.
- Technology Service providers
- Research Institutes and Organizations
- Component manufacturers
- Techical Universities
- Organizations, Firms and Enterprises
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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List of Tables
Table1 Global Mobile Cloud Market by Country, 2018-2023
Table2 North America Mobile Cloud Market by Country, 2018-2023
Table3 Europe Mobile Cloud Market by Country, 2018-2023
List of Figures
Figure 1 Global Mobile Cloud Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Global Mobile Cloud Market
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