What’s driving the Mobile Backend as a Service Market Growth? | Top Key Players: Progress Kinvey, KII, Inc., CloudMine, Anypresence, Kumulos, Parse, Appcelerator, IBM, Microsoft, Oracle
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North America dominates the mobile backend as a service market due to the presence of some of the leading players including Oracle, Microsoft, and IBM. Technological advancements in the mobile applications developments also contribute to the growth in this region. Europe is witnessing a steady growth rate in the mobile backend as a service market due to the rapid adoption of these platforms and enhanced implementation of security services in the smart devices.
The Asia Pacific region is growing rapidly due to the enhanced adoption of smartphones and cloud computing technologies in this region. Countries including China, India, and Japan also showcase tremendous growth opportunities due to the increasing adoption of cloud services among SMEs in the mobile backend as a service market. Furthermore, various companies offering MBaaS are also expanding in this region. As a part of this strategy, the company entered into strategic partnerships with the Asian companies including Telstra and SoftBank.
Top Key Players:
• Progress Kinvey
• KII, Inc.
The increasing adoption of IoT and cloud applications by SMEs and large enterprises also contribute to the mobile backend as a service market growth. As the MBaaS are integrated with the cloud, they provide various advantages, such as enterprise data mobilization, in-build compliance, developer productivity, and build-in operational intelligence, leading to enhanced customer satisfaction. However, high initial investment expenses and the lack of security are the major parameters restraining the market growth.
The IT & telecom industry is projected to lead the mobile backend as a service market due to the increasing trend of BYOD among the IT enterprises. The competition in the telecom sector has also grown tremendously due to the growth in the mobile application segment and availability of a variety of essential mobile applications.
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Mobile Backend as a Service Market is propelled by the growing adoption of smartphones across the globe along with the integration of the web and mobile applications with social networking platforms. Over 32% of the global population owned a smartphone in 2017 when compared to 25% in 2015. The number is further estimated to reach 40% by 2020.
The MBaaS platform offers mobile applications with access to storage, databases, servers, and other resources effortlessly creating an enhanced user experience. These services assist the user in saving time and expenses by bridging the gap between front-end applications and backend resources with the aid of SDK and an integrated API. The other factors driving the market include real-time access to data, shorter time to market, reduced development cost, and multi-platform development in the mobile backend as a service market.
The mobile backend as a service market is highly fragmented due to the presence of various industry players including IBM, Microsoft, Oracle, Kony, Kinvey, KII, CloudMine, Anypresence, Kumulos, Parse, and Appcelerator. These companies are adopting partnership and collaboration strategies to achieve a higher market share and gain a competitive edge in the market.
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