30% CAGR Projection Over the Next Five Years in Backend as a Service (BaaS) Market


The global backend as a service (BaaS) market is expected to grow at a CAGR of over 30% during the period 2018-2022, according to the recent market research report publishes by Technavio.

Global Backend as a Service industry overview

Mobile applications are becoming far more robust with the addition of several features such as direct upload and share, multiple social media platform integration, and the option of multiple users account under one application. The increasing demand for additional functionalities and features in mobile applications are developing the need for Backend as a Service as it ensures better user engagement and will boost the BaaS market growth during the forecast period.
Download the sample Report @ http://bit.ly/2Kqk79f
Global backend as a service market: Increased adoption of cloud computing and IoT
The acceptance of cloud-based solutions in organizations are


turning the IT infrastructure as it is cost-effective, flexible, and agile. Companies tend to choose end-to-end managed cloud solutions that will allow them to supervise their business applications portfolio, database, and middleware. Also, the developing adoption of IoT among organizations to ensure better connectivity, performance, and storage requires strong backend support offerings. These services manage the backend tasks such as upgrading firmware, storage capacity, and event processing. The use of IoT devices is developing at a fast pace globally and will, therefore, trigger the growth of the overall global backend as a service market over the next few years.
“Apart from increased adoption of cloud computing and IoT, other factors such as high demand for additional features in mobile applications and the growing the popularity of mobile analytics technology is expected to enhance the growth of the market, during the forecast period,” says a senior analyst at Technavio for research on enterprise application.
Top Backend as a Service companies:
The Backend as a Service market is fragmented with firms targeting on leveraging smart technologies to cater to the growing demand from SMEs and large enterprises. By providing a complete analysis of the market’s competitive landscape and information on the products offered by the firms, this Backend as a Service industry analysis report will help clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various top companies including:
  • Alphabet
  • Axway
  • Apple
  • IBM
  • Microsoft
  • Oracle
View Complete Report @ http://bit.ly/31oxJHt

Location: United States

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