Mobile Cloud Market Size To Expand at a Notable CAGR Of 22% During 2018 - 2023

Pune, India, January 2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Pedicle Screw System Market.

Market Synopsis:

As per the analysis presented by Market Research Future (MRFR), the global mobile cloud market is set to expand at a significant CAGR of 22% during the forecast period 2018 to 2023. The valuation of the market is likely to touch 66 Bn by the end of 2023. The deployment of mobile cloud facilitates multi-platform support and eliminates the task of developing the same applications for different platforms. This, in turn, is prognosticated to augment the mobile cloud market in the forthcoming years.

The growing market presence of mobile devices coupled with advancements in cloud technologies is likely to dictate the future trajectory of the mobile cloud market over the assessment period. In addition, it also facilitates easy upgradation of the applications which is projected to catalyze the growth of the market.

Cloud technology provides access to data from several sources which is another significant driver of market growth. The growing demand for smartwatches and other wearable devices are anticipated to propel the expansion of the mobile cloud market. On the flip side, the growing rate of cyber crimes is expected to check the expansion of the mobile cloud market through the projection period. Additionally, mobile cloud consumes substantial energy which is likely to hinder market expansion in the foreseeable future.

Segmental Outlook:

On the basis of service, the mobile cloud market has been segmented into software, platform, and infrastructure.

On the basis of deployment, the global mobile cloud market has been segmented into public, private, and hybrid cloud.

On the basis of application, the global mobile cloud market has been segmented into automotive, industrial, entertainment, utilities, finance, healthcare, education, and others.

Regional Analysis

The global mobile, cloud market, by region, has been segmented into North America, Europe, Asia Pacific, and Rest of the world. North America is expected to dominate the global market during the review period. The factors responsible for the expansion of the mobile cloud market in the region are early adoption of novel technologies, well established IT infrastructure, technological advancements, the presence of key players, etc. Investments are presumed to flow towards the development of advanced technologies, projected to augment the mobile cloud market in the upcoming years.

Asia Pacific resonates strong opportunities for growth and is estimated to mark a relatively higher CAGR during the forecast period. The growing number of mobile equipment manufacturers in China is one of the major factors responsible for driving the proliferation of the mobile cloud market in the region. The advancements in the mobile cloud market are poised to have a favorable impact on the revenue creation for the market participants. Furthermore, the governments are also aiding the adoption of cloud and digital services.

Competitive Dashboard:

Some of the key players profiled in this MRFR report are Cisco Systems, Inc. (U.S.), Microsoft Corporation (U.S.), Oracle, Inc. (U.S.), Google, Inc. (U.S.), Amazon Web Services (U.S.), IBM Corporation (U.S.), Alibaba Group (China), DELL EMC Corporation (U.S.), Akamai Technologies (U.S.), and Apple Inc. (U.S.)

Industry News:

In June 2018, Oracle, an American multinational computer technology corporation, has announced the launch of Oracle data integration platform cloud, Oracle mobile cloud enterprise, and Oracle API platform cloud.

In December 2018, Route Mobile Limited, a cloud-communication platform service provider, has collaborated with Oracle’s marketing cloud for managing consumer experiences and messaging.

In January 2019, NTT Resonant Inc, a subsidiary of NTT, has announced the introduction of "Remote TestKit" a cloud-based testing service that records all operations taken on mobile devices.

In January 2019, Radware, a leading provider of cyber security solutions, has announced the acquisition of ShieldSquare, a leader in the bot mitigation industry for the expansion of cloud security portfolio.

In January 2019, Insight Enterprises, an IT solutions provider, has announced the launch of infrastructure as code offering aimed at boosting cloud operating model.