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Mobile Cloud Market to Reach $74.25 Billion by 2023: Amazon Web Services Inc., Microsoft Corporation, Google Inc., Salesforce.com, Apple Inc., Rackspace Inc., Dell EMC, IBM Corporation, Oracle Corporation.

04-12-2019 07:08 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Mobile Cloud Market

Mobile Cloud Market

Increase in usage of smartphone, high adoption rate of BYOD concept, availability of faster network connectivity, and rise in awareness of cloud-based services are expected to propel the growth of the global mobile cloud market. The entertainment segment is expected to dominate the market through 2023. The hybrid deployment segment would grow at the fastest CAGR during the forecast period. Asia-Pacific region is expected to manifest the fastest CAGR during the forecast period.

The global mobile cloud market was pegged at $15.35 billion in 2017 and is expected to garner $74.25 billion by 2023, registering a CAGR of 30.1% during the period 2017-2023. The report provides an in-depth analysis of the top winning strategies, drivers & opportunities, market size & estimations, key market segments, and competitive landscape.

Rise in smartphone usage, increase in availability of high-speed network, and surge in adoption of BYOD concept have boosted the growth of the global mobile cloud market. However, security concerns due to increased cyber-attacks and lack of interoperability between platforms and operating systems hamper the market growth. On the contrary, rapid technological advancements and increased awareness regarding cloud-based services are expected to create lucrative opportunities for the market players in the future.

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The entertainment segment contributed more than one-third of the total market in 2017 and is expected to dominate the market through 2023. This is due to the high adoption of cloud computing and mobility solutions as it delivers content-rich services to multiple devices effectively. However, the education segment is likely to grow at the fastest CAGR of 33.3% during the forecast period.

The hybrid deployment segment is expected to portray the fastest CAGR of 30.1% through 2023. This is due to the growing demand for efficient productivity by enterprises and quick and secure data access and high demand from SMEs. However, the private segment held the largest share in 2017, contributing nearly two-thirds of the total market, owing to growing need of large enterprises to secure confidential data without involving any third-party cloud provider, advancements in IT infrastructure, and maturing channel partner ecosystem.

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North America region dominated the market in terms of revenue, contributing about one-third of the total revenue in 2017, owing to the high adoption of mobile cloud solutions, increase in smart devices per capita coupled with increase in popularity of social media networks and live streaming platforms. However, Asia-Pacific region is expected to manifest the fastest CAGR of 30.9% during the forecast period, owing to rise in internet penetration and high adoption of smartphones.

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The major companies in the mobile cloud market are included in the report, such as Amazon Web Services Inc, Google Inc., Apple Inc., Dell EMC, Oracle Corporation, Microsoft Corporation, Salesforce.com, Rackspace Inc., IBM Corporation, and Akamai Technologies Inc.

About Us:

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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