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.
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. This growth 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
Market players profiled in this report 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.
Microsoft (US) and Oracle (US) are leading players in Cloud Mobile Backend as a Service (BaaS) Market
Microsoft was founded in 1975 and is headquartered in Washington, US. The company offers cloud-based services, applications, and solutions to enterprises, along with support and consulting services. It designs, manufactures, and sells devices that integrate with its cloud-based services. The multinational company is recognized for providing platforms, such as mobile and cloud-based environments. The company offers a vast array of services, including cloud-based solutions, which provide its commercial clientele with software, services, and platforms. Microsoft delivers a robust cloud-based Microsoft Azure platform that includes computing, networking, storage, database, and management services for enterprises. In septemebr 2020, Microsoft has added chat tools to its Azure Communications service. The company enables developers to add chat tools to existing applications and improve business interactions among the employees and customers.
Oracle is a publicly held company, which was founded in 1977 and is headquartered in California, US. It is a global provider of IT solutions in the form of applications, platforms, and infrastructure to businesses of all sizes, such as enterprises, governments, educational institutes, and resellers. Additionally, it is a leading provider in the core technologies of cloud IT environments, including database and middleware software as well as enterprise applications, virtualization, clustering, large-scale systems management, and related infrastructure. It has three businesses: cloud and license business, hardware business, and services business. In September 2019, Oracle launched the updated version of Oracle Mobile Cloud service. The updated version can be integrated with Oracle data centers, which helps migrate Oracle Mobile Hub.
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