Nowadays, the most popular device is the cell phones or mobile phones which come with a variety of screen sizes, operating systems, and specifications. With the advancement of the models of smartphones, they acquire developing applications. A term named mobile cloud helps for computing which also helps data, services, and applications of a mobile to be hosted from the cloud.Along with Cloud-Based Technology, the internet broadband of mobile phones helps in the growth of the Mobile Cloud Market Size.
Figure1: Mobile Cloud Market, 2018 - 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Adopting this technology increases the speed, flexibility, reliability, and instant building of applications that take place. It provides the remedy for storage and backup issues of the users. Cloud technology provides a data integration facility that assists users in getting the data quickly and at any time. It provides a good sense of security and privacy to your mobiles by protecting your device from the malicious attack of the virus.
This developing technology leads to advancements in smart devices. Global Mobile Cloud Market is estimated to reach a market value of USD 126.46 Billion by 2030 growing with 21.38% CAGR during the forecast period 2020-2030.
17 May 2023 - Tencent Holdings, the cloud service provider of the Chinese tech giant, and China Mobile, the world's biggest telecoms carrier, followed by Alibaba Cloud, the cloud computing arm of Chinese internet giant Alibaba Group Holding, stating they will cut the prices of some products. Tencent C, kmjmloud will cut the price of cloud servers in some regions by as much as 40 percent and that of database products by nearly 25 percent from June 1, it stated on WeChat. It noted that the organization would offer small and medium-sized businesses free cloud hosting, its basic and safe version.
May 2023 - Huawei's next-generation, collaborative, and open ecosystem keeps growing better and bigger, adding even more value to the company's portfolio of cutting-edge mobile devices, the company revealed. HUAWEI P60 Pro, Huawei's brand-new flagship smartphone, has formally made its worldwide debut, once again setting the benchmark for smartphone photography. With a refined design, brilliant performance, and a superior array of cameras, the HUAWEI P60 Pro is backed by Huawei Mobile Services (HMS). HMS is entirely united with our experience-first era, and thus its inception has always focused on offering stellar user experiences. Huawei continually enhances and improves the platform, incorporating innovative features into its core capabilities. The official app distribution platform for HUAWEI devices, HUAWEI App Gallery, has quickly solidified its position as the world's third-largest app marketplace, with nearly 580 million monthly active users whose numbers continue to expand.
May 2023 - Sony Group Corp. is boosting a push into cloud gaming in the coming months as it operates to expand its reach beyond consoles. Cloud computing will be vital to tapping into mobile gaming trends, Jim Ryan, the Sony Interactive Entertainment President, stated at a Wednesday investor relations event. The organization is developing after acquiring Bungie Inc. last year, which it touted as a catalyst for its efforts to offer more live services on PlayStation consoles and beyond.
COVID 19 pandemic is an evolving perspective that had an immense impact on the life of cloud business. It had watershed results on both- financial fragility and the health of the business, which degraded the Mobile Cloud Market Growth. Cloud companies have gained popularity in recent years. Most of the companies have shifted to a remote environment to attain social distancing. The breakdown of COVID has included advances and refinements in the realm of cloud-related services. The mobile cloud business and its computing environment consist of fast-paced practices for services that reflect the trend for maintaining data. The onset of this pandemic caused massive dislocation and disruption in the supply chain factor.
Globally the business trade is carrying out efforts to take stock of situations and take cost-effective measures for counting the demand slump. Some steps taken by the government to overcome this impact is
Focussing on artificial intelligence and the demand for online education is in growing demand. Its wide applicability owes to various benefits but beware of cybersecurity.
Healthcare app is obtaining huge traction in the cloud market. Initiation of remote diagnostics has taken place. The mobile cloud offers such applications which creates an ease of accessing the applications which are stored in the desired data on any of your device. Mobile cloud market analysis elucidates investment pockets and singles out profitable trends to acquire a stronger foothold in the marketing field.
The clouding concept helps in overcoming many restraints of mobile cloud-like battery life, scalability, and storage.
Mobile cloud has overcome the biggest challenge i.e security and privacy. It doesn’t allow violation and gives end-to-end encryption.
Cloud growth will take place by converged infrastructure, modernized endpoints, optimizing the storage, and monitoring it properly.
As this clouding matures with time uptake among small and medium-sized businesses in enhancing. The cloud value chain from the time of its infancy has taken shape. A wide range of cloud providers can deliver services to their end-users. Taking the complexity of communication of providers within each other and generates more insights about cloud computing. The participants will understand it better and the needs of your business partners will be satisfied.
The Mobile Cloud Industry is segmented based on Application, Deployment, and Region. Mobile cloud market segments include software, infrastructure, and platform based on service. As per the deployment, it includes public, private, and hybrid. Based on application, it includes entertainment, health, education, automotive, social networking, utilities, and industrial.
Mobile communications have considerable growth in business functionalities all over the globe. Virtualization, SOA, and utility computing are the advanced technologies that will help the development of the market.
Cloud computing plays a major role in transforming services and maintaining IT infrastructure. The Mobile Cloud Market Trends are the emergence of other technologies. These trending developments help in enhancing faster mobility and workability. Advancement in this field of the mobile cloud has changed the outlook of the Global Cloud Market. Expansion in the Mobile Cloud Market Size has helped the organization reach greater markets and thus reducing the expenditure.
The Mobile Cloud Business is growing at a faster rate due to the development of mobiles and growth in cloud technologies. The geographical Mobile Cloud Market Analysis Reports say that it exists in North America, Europe including Russia, Asia Pacific, and the rest of the world including the Middle East, Africa, and Latin America. Due to the advancement and early adoption of cloud technologies, it is being dominated in the whole of North America. The infrastructure of North America is too much class and is well established. Here cloud computing organization invests too much on research and in the advancement sector of the cloud market.
Due to the presence of several prominent mobile types of equipment manufacturers in China, Asia Pacific is expected to be a rapidly growing market. Policies of the government and its regulations show that it supports the building up of digital services and Cloud-Based services in the Asia Pacific.
The Cloud Market Field has high competition and consists of several key players. Due to innovation across various segments of the cloud market, businesses are tapping the customers with their market presence.
Latest Industry News
On Mar.27, 2023, Now. gg, Inc., a leading provider of mobile cloud, announced a strategic investment from Megazone Cloud, an advanced, integrated cloud environment provider, to bring new business models to the mobile gaming industry. Megazone Cloud will enable Asian game developers to upload their games to the cloud, opening up new business models and expanding the global client base for the group.
The move is the marketing strategy of Megazone Cloud, as game developers are increasingly looking for disruptive solutions to increase their reach efficiently. Now.gg Inc's breakthrough technology can significantly reduce cloud costs, unlocking transformative forces for the mobile gaming industry. Megazone Cloud's customized solutions will help developers leverage cloud power and transform their businesses.
Report Overview:
Growing Powerful 5G Networks to Boost Global Mobile Cloud Market
The mobile cloud market is likely to witness significant revenue growth in future years. The rising demand for cloud-based services would drive market growth. Besides, the proliferation of smart and connected devices would boost the market size. According to Market Research Future (MRFR), the global mobile cloud market is poised to garner USD 126.46 billion by 2030, growing at 21.38% CAGR throughout the review period (2020-2030).
Advances in cloud capabilities escalate the market value, bringing great user experiences and quality end-to-end services to the customer base worldwide. Moreover, the demand for improved customer experiences and quality end-to-end service substantiates the mobile cloud market revenues. Also, the growing video streaming trend accelerates the mobile cloud market share.
Developing applications for various mobile models for diverse operating systems require cross-platform expertise, which, in turn, drives R&D activities in the market. Also, the growing uptake of cloud-based technologies and mobile device advances boost the market's growth. Simultaneously, the increasing availability of broadband connectivity defines the growing market landscape for mobile cloud technology.
On the other hand, significant challenges associated with mobile cloud technology, such as data security and privacy vulnerability, are projected to impede the growth of the market. Also, smartphones are often prone to malicious attacks, which pose challenges to market growth, raising data security concerns. Simultaneously, wireless technology penetration has considerably increased the chances of data loss or other cyber attacks.
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 126.46 Billion (2030) |
| CAGR | 21.38% (2020-2030) |
| Base Year | 2019 |
| Forecast Period | 2020-2030 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Application, by Deployment |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | 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.) |
| Key Market Opportunities | Healthcare app is obtaining huge traction in the cloud market. Initiation of remote diagnostics has taken place. |
| Key Market Drivers | Focussing on artificial intelligence and the demand for online education is in growing demand. Its wide applicability owes to various benefits but beware of cybersecurity. |
Mobile Cloud Market Highlights:
Frequently Asked Questions (FAQ) :
The expansion of mobile cloud technology is anticipated to create a favorable momentum for the market in the forecast period.
Oracle, Inc. (U.S.), Amazon Web Services (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), Google, Inc. (U.S.), and Akamai Technologies (U.S.) are a few of the leaders in the market.
The income worth USD 126.46 Billion is anticipated to be accomplished by 2030.
Mobile Cloud Market Growth has grown into a vast and complex ecosystem of technologies and cloud services. Its development will fortify the APAC region’s position as the business leader and bolster the retail giant time after time.
The period of the forecast covers the years from 2020 to 2030.
The adoption of cloud technology in sectors has helped in sustaining various enterprise business functions. Rising in cloud services creates new revenue opportunities for the vendors. You will note that many business companies have shown billions and billions of growth in recent years. You will mark sky-rocketing growth in the Mobile Cloud Industry. Income in the cloud market worth 66 billion is expected to be accomplished by 2027. Revenue growth is highlighting the fact to a large extent.
Mobile cloud apps are the multi-based platform and have appeared as the Fastest-Growing Mobile Cloud Segment. Its growth in a short lifespan is anticipated to build extraordinary momentum throughout the market. It brings huge transformation in the computing resources.
Research Analyst Level II With a technical background in information technology & semiconductors, shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the ict/semiconductor domain. shubham holds a bachelor’s in information and technology and a master of business administration (mba). shubham has executed over 150 research projects for our clients under the brand name market research future in the last 2 years. his core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. he is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. he has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. he has worked on the projects of top tech brands such as ibm, google, microsoft, aws, meta, oracle, cisco systems, samsung, accenture, vmware, schneider electric, dell, hp, ericsson, and so many others. he has worked on metaverse, web 3.0, zero-trust security, cyber-security, blockchain, quantum computing, robotics, 5g technology, high-performance computing, data centers, ai, automation, it equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.
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