The Asia Pacific Cloud Mobile Backend as a Service (BaaS) Market would witness market growth of 22.8% CAGR during the forecast period (2022-2028).
Backend as a Service is also beneficial for corporations and companies. They will deploy digital goods more quickly, develop satellite systems using fewer resources, and concurrently execute many software testing. Backend as a Service would play a crucial part in streamlining the development process, standardizing processes, and providing features that are ready to be used.
As the world gets more interconnected, there is an increased need to interact with business partners, customers, and even friends and family. To accomplish the task within the required timeframe and by the due date, everyone must be informed of and interact in real-time. It is hard to network and make relationships without the use of mobile phones, which have become essential abilities in today's world.
As a result, both the demand for mobile phones and cloud mobile backend as a service has surged, making the latter a driving factor. Applications such as video streaming, music streaming, health apps, gaming, and other applications that necessitate real-time data are driving the demand for cloud backend as a service. These programs are used to give consumers a consistent and seamless experience since they contribute to the optimization of the user experience.
Urbanization is spreading at an exponential rate within regional countries, especially India. According to the Government of India, cities throughout the country are home to about 31% of the country's total population and generate 63% of the country's GDP. This demands extensive development of infrastructure across several dimensions. With the increasing focus on smart cities throughout the region, the adoption of the cloud would also increase in the coming years. Therefore, this factor is estimated to bolster the growth of the regional market.
The China market dominated the Asia Pacific Cloud Mobile Backend as a Service (BaaS) Market by Country in 2021; thereby, achieving a market value of $758 million by 2028. The Japan market is registering a CAGR of 22% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 23.5% during (2022 - 2028).
Based on Application, the market is segmented into Database Management, Cloud Storage & Backup, User Authentication, Push Notifications and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises. Based on Vertical, the market is segmented into BFSI, IT & ITeS, Healthcare, Retail & Consumer Goods, Telecommunications, Manufacturing, Gaming, Media & Entertainment and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Cloud Mobile Backend as a Service (BaaS) Market is Projected to reach USD 9.4 Billion by 2028, at a CAGR of 22.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, Oracle Corporation, Temenos AG, Amazon Web Services, Inc., Google LLC, Progress Software Corporation, Kii Corporation, ProgrammableWeb and Couchbase, Inc.
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