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Global Mobile Cloud Market: Overview
“The global Mobile Cloud Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Mobile cloud refers to combination of mobile development with cloud-based services. In a mobile cloud environment, storage, applications, computing, and services are extracted from cloud. Mobile cloud enables users to access and use applications that are not supported by their mobile platform or require computational power that of what mobile devices doesn’t support.
Global Mobile Cloud Market: Dynamics
Rapid digitalization in developed and developing countries and increasing number of mobile phone users across the globe, coupled with rising demand for data storage are major factors expected to drive growth of the global mobile cloud market. In addition, rising internet penetration and increasing adoption of smart devices among individuals are some other factors expected to support growth of the global market to certain extent.
Moreover, increasing adoption of smart technological devices in education sector for better learning experience and various online education service providers focusing on artificial intelligence (AI) and cloud computing is resulting in the growing demand for collection and storage of data which in turn is expected to drive growth of the global market to certain extent.
In addition, wide applicability of mobile cloud in entertainment, business and finance verticals, owing to various benefits such as supports variety of development approaches and devices, and improves reliability with information backed up and stored on cloud. This is another factor expected to further propel growth of the global mobile cloud market overt the forecast period.
However, rising cyber security attacks across the globe is a major factor expected to hamper growth of the global mobile cloud market to certain extent.
Increasing government initiatives towards providing high speed internet and rising adoption of smart phones are expected to create potential revenue opportunities for vendors operating in the mobile cloud market over the forecast period.
Global Mobile Cloud Market: Segment Analysis
Among application segments, the entertainment segment is expected to register significant growth in terms of revenue over the forecast period.
Among deployment segments, the public segment is expected to register significant share in terms of revenue over the forecast period.
Global Mobile Cloud Market: Region Analysis
The market in North America is expected to dominate in the global mobile cloud market in terms of revenue and is expected to continue its dominance over the forecast period. Dominance can be attributed to well-developed IT infrastructure, high adoption of smart devices, and presence of major service providers operating in the countries in this region. The market Asia Pacific is anticipated to witness faster growth, owing to increasing government expenditure on development of internet infrastructure, rising internet penetration, increasing number of mobile phone users, and presence of major mobile service providers operating in the emerging economies such as India and China in this region.
The market in Latin America is expected to witness moderate growth, this growth can be attributed to increasing government spending on IT infrastructure development and presence of prominent players operating in developing countries such as Brazil and Argentina in this region.
Global Mobile Cloud Market Segmentation:
- Travel and Navigation
- Social Networking
- Business and Finance
By End User:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Alphabet Inc.
- Microsoft Corporation
- Apple, Inc.
- IBM Corporation
- Amazon Web Services, Inc.
- Oracle Corporation
- Dell Technologies Inc.
- Rackspace Inc.
- com, Inc.
- Akamai Technologies, Inc.
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