Mobile Cloud Market

Global Mobile Cloud Market Size (2022 - 2027)

The global mobile cloud market is estimated to grow from $40.43 billion in 2020 to reach over $96.90 billion by 2025, registering a stunning compound annual growth rate of 37.8% during the conjecture period from 2022 - 2027.

Mobile cloud is a branch of cloud computing where data, applications and services of a mobile device, usually a smartphone, can be hosted from the cloud. Mobile devices often come with numerous operating systems, sizes, and specifications. Developing multi-model applications for various operating systems requires cross-platform experience. Mobile cloud helps application developers overcome this situation by moving the application to the cloud server which can provide cross-platform support to users.

The continuous evolution of cloud computing coupled with increasing adoption is leading to the rise of mobile cloud across the world. The mobile cloud provides access to cloud applications and services directly to portable devices. This creates ease of access to apps or services stored with desired data on any device. The substantial growth of smartphones and other portable devices is likely to create new avenues and opportunities for cloud service providers and application developers to enter the market in the coming years.

Impact of COVID-19 on Mobile Cloud Market

The coronavirus pandemic is proving to be beneficial for the information technology with most of the end-user verticals increasing the speed of digitization to reach their customer expectations. This is acting positively for the mobile cloud market and the ongoing work from home trend is estimated to offer more promising opportunities for this industry in the coming years. The developing nations like India, South Africa, etc., are anticipated to witness huge spike in the adoption of mobile cloud services in the projection period, owing to the favorable government initiatives.

Recent Developments:

• In October 2018, Oracle NetSuite announced about its series of novel innovations to aid organizations in all industries to improve revenue, grow internationally, and empower their business users. New commerce, financial management, and analytics capabilities will support the companies to leverage the NetSuite platform to exceed their customer expectations, allow international expansion, and respond quickly to critical business needs.
• In June 2018, Oracle addressed mobile development and data integration with its new stand-alone cloud service. Next Generation Oracle Cloud Platform services comprise of Oracle Mobile Cloud Enterprise, Oracle Data Integration Platform Cloud, and Oracle API Platform Cloud. These services are designed in order to curb costs and encourage chatbot development, data integration, mobile development, and management of APIs.

Market Growth and Trends:

Healthcare application is gaining ground in the global Mobile Cloud market

• The healthcare industry has undergone rapid change over time on a global scale. The epidemic of new diseases, the growth of regulatory standards around the world, the focus on population health management, inventions, more informed customers and the growth of advanced mobile applications are some of the factors that increase the growth of cloud applications for healthcare, in turn, anticipated to boost mobile cloud solutions and services during the forecast period.
• In addition, incremental innovations in the field of communication have led to the use of wireless communication modules for the transmission of data in healthcare devices, which improves the healthcare management system. Also, the new age mobile application can process information and initiate remote diagnostics, as part of several integrated preventive actions to enable better health services.

Market Drivers and Restraints:

The main aspects promoting growth of the global mobile cloud market are the rising adoption of cloud technology and developments included in mobile devices. In addition to this, the increase in mobile internet broadband availability is also driving the growth of the mobile cloud technology market. Cloud-based technology when used with mobile devices offers speed, flexibility, and reliability. Also, with the implementation of cloud services, the application can be quickly created or easily updated. Cloud services also solve data storage and backup problems for application users. Besides, thanks to the data integration provided by the cloud technology, the mobile user can conveniently and securely collect the data stored in the cloud from anywhere and at any time. However, security and privacy are the main challenges associated with mobile cloud technology. Smartphones are often prone to malicious attacks, posing data security concerns. Additionally, with the advent of wireless technology, the risks of data loss or other cyber-attacks have increased dramatically. Mobile cloud technology is paving the way for advancements in smart devices like smart watches and other wearable devices. A major limitation associated with cloud-based platforms is their high power consumption, as well as their limited power resources. Mobile phone applications running in the cloud tend to consume more power, which can increase battery usage and may arise a requirement for longer battery life.

GLOBAL MOBILE CLOUD MARKET REPORT COVERAGE:

Market segmentation:

This global report on mobile cloud market is segmented and sub-segmented into the following categories:

Global Mobile Cloud Market – By Service:

• Software
• Platform
• Infrastructure

Global Mobile Cloud Market – By Deployment:

• Public
• Private
• Hybrid Cloud

Global Mobile Cloud Market – By Application:

• Industrial
• Entertainment
• Automotive
• Utilities
• Healthcare
• Education
• Finance
• Others.

Regional Analysis:
The geographic analysis of the global mobile cloud market is studied for North America, Europe (including Russia), Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).

North America dominates the mobile cloud market due to the early adoption of cloud technologies in the region. Additionally, North America has a well-established infrastructure, and most cloud computing organizations invest heavily in research and advancement in the mobile cloud business. Asia Pacific is supposed to be the fastest growing market for mobile cloud due to the presence of several leading mobile equipment manufacturers in China. Additionally, government policies and regulations also support the adoption of digital and cloud services in the Asia Pacific.

Key market players:

Some of the major players in the mobile cloud market include Cisco Systems, Inc. (US), Amazon Web Services (US), Oracle, Inc. (US), Microsoft Corporation (US), Google, Inc. (USA), IBM Corporation (USA), Akamai Technologies (USA), Alibaba Group (China), Dell EMC Corporation (USA) and Apple Inc. (USA), among others.