CLOUD/MOBILE BACKEND AS A SERVICE (BAAS) MARKET TO REACH USD 271.3 BILLION BY 2027 | CAGR 83.4% — FORENCIS RESEARCH

  • According to the new market research report “Cloud/Mobile Backend as a Service (BaaS) Market by Types (Consumer BaaS and Enterprise BaaS), by Component (Solution and Services), by Solution (Web Development, Mobile Applications, Electronic Readers and Launch APIs) by Services (Support and Maintenance, Identity and Analytics), By Operating System (Blackberry, Android, iOS and Windows), By End-User (Banking, Financial Services, and Insurance, Retail, Healthcare, Telecommunication and IT, Manufacturing, Media & Entertainment, and Others), By Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2019 to 2027)”, the global Cloud/Mobile Backend as a Service (BaaS) Market is estimated to reach USD 271.3 Billion by 2027 at a CAGR of around 83.4% during the review period.
  • The advancement in mobile and game application development by speeding up the production process and making it more cost-effective will is projected to enhance market growth.
  • However, Security is one of the major issues for the projected market growth of the Cloud/Mobile Backend as a Service (BaaS) Market in the forecast period.
  • The mobile application which needs the updates and integration process on a regular basis to improve the features and applications.
  • Increased adoption of cloud-based applications enhances the features and growth in edge devices which may lead to boost the market growth in the forecast period.
  • Advancement in mobile and game applications will increase the speed, through process automation, and also increase productivity which will grow the market in the projected period.
  • Security is a major concern for the adoption of cloud/mobile backend as a service (BAAS) which may lead to hamper the growth of the market in the forecast period.
  • Asia-Pacific
  • Europe
  • Oracle:
  • IBM Corporation:

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