The Latin America, Middle East and Africa Cloud Mobile Backend as a Service (BaaS) Market would witness market growth of 26.2% CAGR during the forecast period (2022-2028).
Developer recruitment is difficult, expensive, and time-consuming. Therefore, lowering the size of the design and development team would simplify the hiring process and make team administration easier. A BaaS or mBaaS would lower the size of the DevOps team, allowing the business to work with fewer engineers and focus on creating excellent end-user experiences.
Using BaaS or mBaaS, businesses may easily establish a cross-platform development strategy. The majority of BaaS providers provide SDK - Software Development Kits that interface with Android/ iOS and online apps. Consequently, a Backend as a Service solution can ease cross-platform development and enable businesses to combine Android, iOS, and web apps into a single, standard backend architecture.
A Mobile Backend as a Service solution expedites the delivery of minimum viable products. As a result, businesses may receive feedback from end-users in less time than with conventional backend code. Digital-only banking, chatbots, virtual assistants, and artificial intelligence are anticipated to be substantial growth factors for the cloud mobile backend as a service market.
The South African government is increasingly focusing on the enhancement of its BFSI industry. One of the cornerstones of economic progress is the expansion of the financial sector, which encourages savings and investment. It is essential to strengthen financial sectors in order to support such changes. The increasing focus of regional government on the financial services sector would offer several lucrative prospects to the regional market players operating in the cloud mobile backend as a service market. This factor would augment the growth of the regional market.
The Brazil market dominated the LAMEA Cloud Mobile Backend as a Service (BaaS) Market by Country in 2021; thereby, achieving a market value of $178.1 million by 2028. The Argentina market is showcasing a CAGR of 26.8% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 25.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Cloud Mobile Backend as a Service (BaaS) Market is Predict to reach $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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