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Cloud Mobile Backend as a Service Market Size

Report ID: GMI8089
Published Date: Feb 2024
Report Format: PDF

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Cloud Mobile Backend as a Service Market Size

Cloud Mobile Backend as a Service Market was valued at over USD 4.4 billion in 2023 and is poised to witness more than 18% CAGR from 2024 to 2032. The proliferation of mobile devices and rising integration with emerging technologies, such as Artificial Intelligence (AI) and Machine Learning (ML), are significantly driving the market growth.

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Businesses are increasingly realizing the role of AI and ML in revolutionizing app functionality, personalization, and user experience as they strive to stay competitive and innovate in the mobile app market. Cloud MBaaS platforms provide the foundation for smoothly incorporating these cutting-edge technologies into mobile applications and offer the infrastructure, data management tools, and APIs required to enable AI and ML functionality. Mobile apps can provide users with personalized information, recommendations, and proactive insights by utilizing AI-powered capabilities such as computer vision, Natural Language Processing (NLP), and predictive analytics, thereby increasing user engagement and retention.

Cloud Mobile Backend as a Service Market Report Attributes
Report Attribute	Details
Base Year:	2024
Cloud Mobile Backend as a Service Market Size in 2024:	USD 4.4 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	18%
2032 Value Projection:	USD 20 Billion
Historical Data for:	2018 – 2023
No. of Pages:	250
Tables, Charts & Figures:	333
Segments covered:	Platform, Deployment Type, Organization Size, Application, Vertical
Growth Drivers:	Wide adoption of mobile devices Cloud MBaaS as a cost-effective alternative to developing in-house backend infrastructure Rising demand for scalability and flexibility Growing focus on User Experience (UX) and engagement Increased integration with emerging technologies such as AI and ML
Pitfalls & Challenges:	Security and compliance concerns Limited customization and control

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Businesses are faced with increased cybersecurity threats and regulatory requirements related to data protection, privacy, and regulatory compliance as they increasingly depend on cloud-based backend services to power their mobile applications. This is creating difficulties for cloud mobile backend as a service provider and restraining market growth. Sensitive information stored and processed on cloud MBaaS platforms is vulnerable to security flaws such data breaches, illegal access, and cyberattacks. Organizations are discouraged from completely adopting cloud MBaaS solutions due to concerns regarding the security of data transfer, storage, and access within the cloud ecosystem.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of cloud mobile backend as a service (MBaaS) was reached USD 4.4 billion in 2023 and is estimated to register over 18% CAGR between 2024 and 2032, driven by the proliferation of mobile devices and the rising integration with emerging technologies.

The cloud storage & backup segment in the cloud mobile backend as a service industry is expected to register over 17% CAGR from 2024 to 2032, as businesses need safe, scalable, and dependable storage solutions to handle app data.

North America dominated the global cloud mobile backend as a service market in 2023, accounting for a share of over 35%, attributed to the rapid growth in IT & telecom sector, along with urbanization and rising adoption of advanced technologies.

Google, Microsoft, IBM, Oracle, MongoDB, Rackspace Technology, brainCloud, Firebase, SAP and Kinvey.