Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Mobile Cloud Computing Market, The Global Mobile Cloud Computing Market is projected to grow at a CAGR of around 22% during the forecast period, i.e., 2023-28. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Mobile Cloud Computing Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

  • Forecast Period: 2023-2028
  • CAGR (2023-2028): 22%

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Global Mobile Cloud Computing Market Segmentation Breakdown:

The Mobile Cloud Computing Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

  • By Services
    • Infrastructure as a Service (IaaS)
    • Platform as a Service (PaaS)
    • Software as a Service (SaaS)

Of them, Infrastructure as a Service (IaaS) offered by the service providers such as Amazon Web Services, IBM Cloud, etc., gained a significant share in the market since IaaS services offer cloud-based computing resources like servers, storage, and networking, which are essential for supporting mobile applications.

  • By Deployment Type
    • Public Cloud
    • Private Cloud
    • Hybrid Cloud
    • Others (Community Cloud, Virtual Private, etc.)
  • By Enterprise Size
    • Small and Medium
    • Large
  • By End Users
    • Gaming
    • Banking, Financial Services, and Insurance (BFSI)
    • Retail & E-Commerce
    • Healthcare & Life sciences
    • IT & Telecom
    • Government & Transportation
    • Others (Education, Supply Chain & Logistics, etc.)

BFSI (Banking, Financial Services, and Insurance) witnessed a burgeoning growth in the historical years since they were the early adopter of the services to offer their customers secure & reliable access to their financial services through mobile devices such as smartphones & tablets.

Geographical Growth Insights:

By Region

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Of all the regions across the globe, North America has been a prime contributor to the growth of the market owing to the factors such as the high adoption rate of mobile devices, with a large percentage of the population using smartphones & tablets for different tasks, including accessing cloud-based services.

MarkNtel Advisors Highlights Key Market Drivers for Mobile Cloud Computing Market:

Increased Focus on Mobility by the Enterprises to Augment the Market Growth

With the widespread adoption of mobile devices such as smartphones & tablets, there has been a significant upsurge in demand for mobile applications & services. Significant advancements in mobile technology, such as faster processing speeds, improved battery life, and better connectivity, have made it possible to run more complex applications & services on mobile devices. As a result, there has been a rise in demand for these solutions that can provide the necessary resources & capabilities to support these applications & services.

In addition, these solutions offer several benefits over traditional mobile computing, such as improved scalability, flexibility, and cost-effectiveness. Consequently, with the additional benefits these services offer over conventional on-premise services, many businesses have shifted their focus to mobile devices & mobility in recent years. As a result, there has been a growing demand for mobile cloud computing solutions that provides the necessary resources & capabilities to support these mobile initiatives.

Further, the government initiatives to accelerate digitalization in the countries such as India, the UAE, etc., are also propelling the industry verticals like banking & finance, retail & e-commerce to mitigate their business operations by launching appropriate applications. Hence, the shift of the end-users towards introducing their mobile apps to facilitate consumer reach would escalate the market in the forthcoming years.

A Comprehensive Analysis of Leading Companies in Global Mobile Cloud Computing Market

  • Amazon Web Services (AWS)
  • Microsoft Azure
  • Google Cloud Platform (GCP)
  • Alibaba Cloud
  • Oracle Cloud
  • IBM Cloud (Kyndryl)
  • Salesforce Inc.
  • SAP SE
  • Red Hat, Inc.
  • VMware Inc.
  • DigitalOcean, LLC.
  • Tencent Cloud
  • OVHcloud
  • Parse
  • Rackspace Technology
  • Others (Lumen, Cloud Foundry, Inc., etc.)

Explore More About This Research Report @ https://www.marknteladvisors.com/research-library/mobile-cloud-computing-market.html

Global Mobile Cloud Computing Market Recent Developments

  • 2023: Amazon Web Service, the cloud computing division of Amazon Inc., announced its plans to invest around USD6 billion in Malaysia over the next 14 years to strengthen its cloud services infrastructure in Malaysia. This would mark the company's latest move in its plan to build Amazon Web Service (AWS) Infrastructure regions across Southeast Asia to enable customers across the region to store data securely.

Global Mobile Cloud Computing Market Growth Opportunity:

Rising Investments & Government Initiatives for Upscaling Cloud Infrastructure

Governments & business organizations across the globe are heavily investing in cloud infrastructure as part of their broader efforts to drive digital transformation & innovation. For instance, in 2022, Amazon web Service pledged to double its investments & devote approximately USD2.19 billion in the UK to improve the cloud infrastructure of the country. By leveraging cloud computing technologies, governments/organizations would deliver more advanced & responsive services to citizens & encourage the development of new & innovative business models.

Moreover, cloud infrastructure creates a more competitive & innovative business environment & offers enhanced security compared to traditional on-premise IT systems. Therefore, to drive economic growth & job creation and improve their cybersecurity defenses, the government of the countries such as the US, India, and others, are launching strategies such as the FedRAMP program, the European Cloud Initiative, the European Open Science Cloud, etc. These initiatives & investments would further propel the industry verticals to adopt cloud services, building a demand scale in the coming years.

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About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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