The cloud mobile Backend as a Service (BaaS) refers to a cloud service model where developers outsource all backend aspects of a mobile application. It serves as a link between the front-end of an application and various cloud-based backend.
The main types of services in cloud mobile Backend as a Service (BaaS) are data integration, identity and access management, usage analytics, support and maintenance, and professional services. Data integration services are used to build data warehouses that integrate numerous data sources into a relational database. Data integration refers to the process of integrating data from numerous source systems in order to generate unified sets of information for operational and analytical purposes. These are built for Android, iOS, and others that are adopted by Banking, Financial services, and Insurance (BFSI), government, healthcare, manufacturing, transportation and logistics, retail and e-commerce, IT and telecommunications, and others.
The cloud mobile Backend as a Service (BaaS) market research report is one of a series of new reports from The Business Research Company that provides cloud mobile Backend as a Service (BaaS) market statistics, including cloud mobile Backend as a Service (BaaS) industry global market sizes, regional shares, competitors with a cloud mobile Backend as a Service (BaaS) market share, detailed cloud mobile Backend as a Service (BaaS) market segments, market trends and opportunities, and any further data you may need to thrive in the cloud mobile Backend as a Service (BaaS) industry. This cloud mobile Backend as a Service (BaaS) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The global cloud mobile Backend as a Service (BaaS) market size is expected to grow from $3.27 billion in 2022 to $4.06 billion in 2023 at a compound annual growth rate (CAGR) of 24.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cloud mobile Backend as a Service (BaaS) market size is expected to reach $9.44 billion in 2027 at a CAGR of 23.5%.
The increasing adoption of smartphones is expected to propel the growth of the cloud mobile Backend as a Service market going forward. The demand for smartphones is increasing due to factors such as growing internet penetration, rising income levels, rising subscriptions to social media, improved communication needs, and others. This increase in smartphones and digitalization needs cloud mobile BaaS to handle and develop many cloud-based mobile apps and related side capabilities services such as database management, cloud storage, user authentication, hosting, and other services. For instance, in 2021, according to the survey of smartphone ownership commissioned by a nonpartisan American think tank, the Pew Research Center, the share of Americans that own a smartphone increased from 81% in February 2019 to 85% in February 2021, which was just 35% a decade ago (in 2011). Moreover, according to the World Economic Forum, digital transformation will add $100 trillion to the global economy by 2025. Therefore, the increasing adoption of smartphones will drive the cloud mobile Backend as a Service market.
Technological advancements are a key trend gaining popularity in the cloud mobile Backend as a Service (BaaS) market. Major companies operating in the cloud mobile Backend as a Service (BaaS) market are focused on developing new technological solutions that are flexible across other elements, driving the expansion of technologies such as the BaaS solution. For instance, in September 2021, Cashfree, an Indian-based payments and API banking solutions company, launched a BaaS solution. This technology will help provide "accounts" to assist neo-banks and fintech platforms in swiftly integrating banking services into their offerings Accounts will enable companies to provide services to their consumers, partners, and vendors, such as account opening, linking, deposits, checking balances, and generating interest.
In January 2020, Temenos AG, a Swiss-based company specializing in enterprise software for banks and financial services, acquired Kony Inc. for $559 million. Through this acquisition, Temenos scaled and expanded its capabilities in the United States by adding significant digital expertise and accelerating the development of Temenos Infinity, the game-changing digital front office product. Kony, Inc. is a US-based mobile Back-end as a Service (MBaaS) and SaaS provider that helps developers build native and web apps for mobile companies.
Major players in the cloud mobile backend as a service (baas) market are Microsoft Corporation, IBM (International Business Machines Corporation), Oracle, Temenos, Amazon Web Services, Google LLC, Progress, Kii, Programmable Web, 8BaSE, Built.io, Backendless, Kumulos, Kuzzle, PubNub, Cloudflare Inc., Axway, Kony Inc., and Sofbang LLC.
North America was the largest region in the cloud mobile Backend as a Service market in 2022. The regions covered in the cloud mobile backend as a service (BaaS) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the cloud mobile backend as a service (BaaS) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
The cloud mobile Backend as a Service (BaaS) market includes revenues earned by entities by providing user management, data and database management, API management, push notifications, cloud storage, hosting, and integration services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The global cloud mobile backend as a service (BaaS) market is segmented -
1) By Type of Service: Data Integration, Identity and Access Management, Usage Analytics, Support and Maintenance, Professional Services
2) By Operating System: Android, iOS, Other Operating System
3) By End-user: Banking, Financial Services and Insurance (BFSI), Government, Healthcare, Manufacturing, Transportation and Logistics, Retail and E-commerce, IT, and Telecommunications, Other End-Users