Mobile Cloud Market: Current Analysis and Forecast (2021-2027)
Emphasis on Application (Gaming, Entertainment, Utilities, Education, Productivity, Business & Finance, Healthcare, Travel & Navigation, Others), End-User (Enterprises, Consumer); Region/ Country
The Mobile Cloud Market is expected to grow at a CAGR of 27% during the forecast period owing to the growing number of mobile phone users globally. The cloud segment across the enterprises continues to make notable progress in environment-friendly innovations that meet consumer demand for a more sustainable community. There is a noticeable rise in awareness about high-performance mobile cloud platforms that have catered the growing need across various end-user segments. Mobile cloud computing helps reducing the running cost for intensive applications that take long time and large amount of energy when performed on the limited-resource mobile devices. Many of the enterprises are adopting mobile cloud computing as a profitable business because it reduces the development, execution cost of mobile applications, and mobile users are enabled to acquire new technology as an on-demand basis. Major drivers for the growth of mobile cloud technology market are the rising adoption of cloud-based technology and advancements in mobile devices and increasing availability mobile internet broadband.
Some of the major players operating in the market are Amazon.com Inc., Microsoft Corporation, Google, Inc., Salesforce.Com Inc., Apple Inc., Rackspace Hosting Inc., Dell Technologies Inc., IBM Corporation, Oracle Corporation, Akamai Technologies Inc., etc.
Insights Presented in the Report
“Amongst application, the medical segment is expected to witness the highest CAGR during the forecast period”
Based on application, the market is segmented into gaming, entertainment utilities, education, productivity, business & finance, social networking, healthcare, travel & navigation, and others. The healthcare segment grabbed the majority of the mobile cloud market and is expected to maintain its dominance during the forecast period. The occurrences of new diseases, growth in regulatory norms across the world, increasing focus on population health management, and growth in the advanced mobile application are driving the growth of mobile cloud computing in the healthcare application segment. Furthermore, an increase in medical data and an increasing number of people with deteriorating health are expected to drive the mobile cloud market.
“Amongst end-user, the enterprises segment is expected to witness the highest CAGR during the forecast period”
Based on end users, the market is segmented into enterprises and consumers. The enterprise segment is expected to hold the majority of the market owing to the increasing size of the data that is needed to be stored. Enterprises continues to make notable progress in environment-friendly innovations that meet consumer demand for a more sustainable community. There is a noticeable rise in awareness about high-performance mobile cloud platforms that have catered the growing need across various end-user segments.
“Asia Pacific to witness significant growth during the forecast period”
Asia Pacific is expected to dominate the mobile cloud market owing to rising smartphone penetration along with the rising utilization of online banking. Notably, a handful number of companies are encouraging to bring your own device (BYOD) policy, which may have a positive impact on the integration of mobile cloud applications, thereby, boosting the market growth. Furthermore, governments policies are also expected to drive the market for mobile cloud market in the region.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global mobile cloud market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for The Global Mobile Cloud Market Analysis (2021-2027)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global mobile cloud market were the three major steps undertaken to create and analyze the adoption of mobile cloud in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global mobile cloud market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the mobile cloud market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the mobile cloud market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as application and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the mobile cloud market. Further, we conducted factor analysis using dependent and independent variables such as various application and end-user of the mobile cloud. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the mobile cloud market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global mobile cloud market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach were applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the mobile cloud market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global mobile cloud market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global mobile cloud market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of application and end-user in the global mobile cloud market.
The main objective of the global mobile cloud market study
The current & future market trends of the global mobile cloud market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the mobile cloud market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of application and end-user.
- Define and analysis of the regulatory framework for the mobile cloud market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the mobile cloud market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the world.
- Company profiles of the mobile cloud market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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