Mobile Cloud Market to Reach $74.25 Billion by 2023

According to a recent report published by Allied Market Research, titled, Mobile Cloud Market by Application and Deployment: Global Opportunity Analysis and Industry Forecast, 2017-2023, the mobile cloud market was valued at $12.07 billion in 2016 and is projected to reach at $74.25 billion by 2023, to grow at a CAGR of 30.1% from 2017 to 2023. In 2016, the private cloud accounted for the highest revenue share in the mobile cloud market.

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North America is the global supplier of the mobile cloud market, followed by Asia-Pacific. Japan dominates the market in Asia-Pacific and the U.S. leads the overall market in comparison with other countries.

The key factors that drive the global market are increase in smartphone usage, availability of faster network connections, and a rise in the adoption of BYOD (Bring Your Own Device) technology. However, privacy & security issues and lack of interoperability between platforms hamper the market growth. Moreover, increasing awareness and advancements in technologies is expected to provide lucrative opportunities for the mobile cloud market growth.

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Key Market Players

• Amazon Web Services
• Microsoft Corporation
• Google Inc.
• Salesforce.com
• Apple Inc.
• Rackspace Inc.
• Dell EMC
• IBM Corporation
• Oracle Corporation
• Akamai Technologies Inc.

Applications for educational purposes is expected to witness the highest growth rate during the forecast period. The entertainment application accounts for the highest total applications revenue. Moreover, other industry verticals (utilities, healthcare, government, industry, and automotive) among the mobile cloud applications dominated the global mobile cloud market in 2016.

Key Findings of the Mobile Cloud Market:

• The hybrid cloud is expected to exhibit a significant increase in the mobile cloud market growth during the forecast period.
• In 2016, entertainment, utilities, education, healthcare, government, industrial, and automotive generated the highest revenue among the mobile cloud applications.
• Asia-Pacific is anticipated to exhibit substantial growth during the forecast period.

The key players profiled in the mobile cloud market report include Amazon Web Services Inc., Microsoft Corporation, Google Inc., Salesforce.com, Apple Inc., Rackspace Inc., Dell EMC, IBM Corporation, Oracle Corporation, and Akamai Technologies Inc.

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Top Impacting Factors

According to our analysis of the impact of various factors on the global mobile cloud market, the market is expected to be driven by an increase in smartphone usage, availability of faster network connections, and a rise in BYOD (Bring Your Own Device) technologies. However, privacy concerns and lack of physical & logical security integration are expected to hamper the market growth during the forecast period.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Posted by alliedanalytics on Friday October 05 2018, 3:05 PM EDT. All trademarks acknowledged. Filed under Uncategorized. Comments and Trackbacks closed. Follow responses: RSS 2.0