The global mobile cloud market is estimated to reach USD 145.78 billion in 2024 and USD 724.34 billion by 2029, growing at a CAGR of 37.8% during the forecast period.
Mobile cloud is a branch of cloud computing where data, applications, and services of a mobile device, usually a smartphone, can be hosted from the cloud. Mobile devices often come with numerous operating systems, sizes, and specifications. Developing multi-model applications for various operating systems requires cross-platform experience. Mobile cloud helps application developers overcome this situation by moving the application to the cloud server, which can provide cross-platform support to users.
The continuous evolution of cloud computing coupled with increasing adoption is leading to the rise of mobile cloud across the world. The mobile cloud provides access to cloud applications and services directly to portable devices. This creates ease of access to apps or services stored with desired data on any device. The substantial growth of smartphones and other portable devices is likely to create new avenues and opportunities for cloud service providers and application developers to enter the market in the coming years.
The healthcare industry has undergone rapid change over time on a global scale. The epidemic of new diseases, the growth of regulatory standards around the world, the focus on population health management, inventions, more informed customers, and the growth of advanced mobile applications are some of the factors that increase the growth of cloud applications for healthcare, in turn, anticipated to boost mobile cloud solutions and services during the forecast period.
In addition, incremental innovations in the field of communication have led to the use of wireless communication modules for data transmission in healthcare devices, which improves the healthcare management system. Also, the new-age mobile application can process information and initiate remote diagnostics as part of several integrated preventive actions to enable better health services.
In addition to this, the increase in mobile internet broadband availability is also driving the growth of the mobile cloud technology market. Cloud-based technology, when used with mobile devices, offers speed, flexibility, and reliability. Also, with the implementation of cloud services, the application can be quickly created or easily updated. Cloud services also solve data storage and backup problems for application users. Besides, thanks to the data integration provided by the cloud technology, the mobile user can conveniently and securely collect the data stored in the cloud from anywhere and at any time.
However, security and privacy are the main challenges associated with mobile cloud technology. Smartphones are often prone to malicious attacks, posing data security concerns. Additionally, with the advent of wireless technology, the risks of data loss or other cyber-attacks have increased dramatically. Mobile cloud technology is paving the way for advancements in smart devices like smartwatches and other wearable devices. A major limitation associated with cloud-based platforms is their high power consumption, as well as their limited power resources. Mobile phone applications running in the cloud tend to consume more power, which can increase battery usage and may raise a requirement for longer battery life.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2023 to 2029 |
|
Base Year |
2023 |
|
Forecast Period |
2024 to 2029 |
|
CAGR |
37.8% |
|
Segments Covered |
By Service, Deployment, Application, and Region. |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Cisco Systems, Inc. (US), Amazon Web Services (US), Oracle, Inc. (US), Microsoft Corporation (US), Google, Inc. (USA), IBM Corporation (USA), Akamai Technologies (USA), Alibaba Group (China), Dell EMC Corporation (USA) and Apple Inc. (USA) and Others. |
The geographic analysis of the global mobile cloud market is studied for North America, Europe (including Russia), Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).
North America dominates the mobile cloud market due to the early adoption of cloud technologies in the region. Additionally, North America has a well-established infrastructure, and most cloud computing organizations invest heavily in research and advancement in the mobile cloud business. Asia Pacific is supposed to be the fastest-growing market for mobile cloud due to the presence of several leading mobile equipment manufacturers in China. Additionally, government policies and regulations also support the adoption of digital and cloud services in the Asia Pacific.
Some of the major players in the mobile cloud market include Cisco Systems, Inc. (US), Amazon Web Services (US), Oracle, Inc. (US), Microsoft Corporation (US), Google, Inc. (USA), IBM Corporation (USA), Akamai Technologies (USA), Alibaba Group (China), Dell EMC Corporation (USA) and Apple Inc. (USA), among others.
In October 2018, Oracle NetSuite announced a series of novel innovations to aid organizations in all industries in improving revenue, growing internationally, and empowering their business users. New commerce, financial management, and analytics capabilities will support companies in leveraging the NetSuite platform to exceed their customer expectations, allow international expansion, and respond quickly to critical business needs.
In June 2018, Oracle addressed mobile development and data integration with its new stand-alone cloud service. Next-generation Oracle Cloud Platform services comprise Oracle Mobile Cloud Enterprise, Oracle Data Integration Platform Cloud, and Oracle API Platform Cloud. These services are designed to curb costs and encourage chatbot development, data integration, mobile development, and API management.
By Service
By Deployment
By Application
By Region
Frequently Asked Questions
Enterprises are increasingly adopting mobile cloud services to enable remote access to business applications, enhance collaboration among teams, and streamline workflow processes, thereby improving overall productivity and efficiency.
Regulatory frameworks related to data sovereignty, cross-border data transfer, and compliance with industry-specific regulations are influencing the adoption of mobile cloud services among enterprises operating in different regions around the world.
Emerging trends such as edge computing, hybrid cloud deployments, and the integration of artificial intelligence and machine learning capabilities are expected to drive innovation and fuel the growth of the mobile cloud market in the coming years.
Mobile cloud providers are implementing robust encryption protocols, multi-factor authentication mechanisms, and compliance certifications to ensure the security and privacy of data stored and processed in the cloud, thereby building trust among enterprises and end-users.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region