The mobile cloud market registered the
value of $20.3 billion in 2018 and the demands in the same are expected to grow
at an impeccable CAGR of 30.1% during the forecast period 2019 to 2025. Since
the inception of cloud computing, its services have expanded at an
unprecedented rate. It has nurtured its application in various end-user
industries including but not limited to manufacturing, gaming, retail, information
technology, education, healthcare, and entertainment. Top players in the market
are leveraging numerous cloud solutions, cloud networking, and cloud computing solutions in order to increase their mobile cloud market share. The
mobile cloud offers cloud applications in the form of virtual private cloud, public
cloud, and hybrid cloud. A commendable rise in the awareness about high-performance
mobile cloud platforms has curated huge end-user demands and the applications
in various end-user industries are increasing on a daily basis. With such great opportunities in the growing
market segment, the revenues in the global mobile cloud market are projected to
witness astounding success in the near future.
The North American region observed the
maximum traction in the mobile cloud market and recorded a huge market share of
32% in 2018. The early adoption of cloud computing in the region is considered
as the prime reason for this heavy market share. The growing BYOD (Bring your own
device) trend among the start-ups and mature enterprises is also boosting the
mobile cloud market in the region. Additionally, the presence of some of the technological
giants residing in countries such as the United States and Canada are also
burgeoning the mobile cloud market growth in North America. However, the
demands in the APAC region is also growing at a considerate pace. The
penetration of smartphones and ample internet connectivity in developing
countries such as India and China are the major growth drivers in the mobile
cloud market in the APAC region.
Industry: Major Applicant Segment
Gaming was observed as the most
lucrative application in the global mobile cloud market and the segment is
reflecting growth at a profitable CAGR of 12.6% during the forecast period.
The increased development and ever-growing prevalence of smartphone games are
supporting mobile cloud growth. In the present day, the gaming industry is
witnessing enormous transformation as it is shifting from a product-oriented
business to a service-oriented business model and cloud computing is supporting
this transition. Additionally, the co-incident emergence of Industry 4.0
revolution is also bolstering the demands in the mobile cloud market and offering opportunities to the players.
The companies influencing the mobile
cloud market are Amazon Web Services
Microsoft Corporation Google Inc. Salesforce.com Apple Inc. Rackspace Inc. Dell
EMC IBM Corporation Oracle Corporation Akamai Technologies Inc. Kony Inc.
Cloudways Ltd Akamai Technol Cisco Systems, Inc Alibaba Group.
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