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

AddBackend as a Service (BaaS) Market caption



Global Backend as a Service industry overview

Mobile applications have become far more robust with the addition of many features such as direct upload and share, multiple social media platform integration and the provision of multiple users accounts under one application. The growing demand for additional functionalities and features in mobile applications is driving the need for Backend as a Service as it ensures better user engagement and will fuel the BaaS market growth during the forecast period.
The popularity of mobile analytics technology will be one of the key Backend as a Service market trends that will positively affect the market growth throughout the forecast period. Many companies are embracing mobile analytics technology to get real-time insight into consumer behavior and changing market dynamics. High demand for mobile functionalities, backed with the popularity of mobile analytics technology will drive the growth of the BaaS market at a CAGR of over 30% between 2018-2022.
Download the Sample Report @ http://bit.ly/2Kqk79f
Global backend as a service market: Increased adoption of cloud computing and IoT
The adoption of the cloud-based solutions in organizations is changing the IT infrastructure as it is cost-effective, flexible, and agile. Firms tend to choose end-to-end managed cloud services that will help them supervise their business applications portfolio, database, and middleware. Also, the growing adoption of IoT among organizations to ensure better connectivity and storage requires strong backend support services. These services manage the backend tasks such as upgrading firmware, storage capacity, and event processing. The use of IoT devices is growing at a fast pace worldwide and will, therefore, boost 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 popularity of mobile analytics technology is expected to improve the growth of the market, during the forecast period,” says a senior analyst at Technavio for research on enterprise application.
A key factor driving the growth of the market is rising need to reduce complexities in application development. Backend as a service reduces complexities associated with developing and designing mobile and web applications. It removes the need for application developers to create their own backend system for server communication process. Backend-as-a-service vendors offer solutions that do not require complex coding for server hosting, which reduces application development time and improves frontend tasks such as application design and user interface (UI) design. This results in better user experience. Under the backend as a service framework, the storage capacity is highly flexible and scalable and facilitates automatic generation of API to read and write external data. Thus, the market is expected to register a positive outlook during the forecast period.
Get the Complete Report @ http://bit.ly/31oxJHt



Comments

Post a Comment

Popular posts from this blog

Flexible Packaging Market – Top Insights On Forecast and Analysis 2020-2024

Image
The  flexible packaging market  size has the potential to grow by USD 59.22 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. Flexible Packaging Market Market Competitive Analysis The flexible packaging market is fragmented. Market vendors are involved in price wars to expand their customer base, which further intensifies the competition. Amcor Plc, Berry Global Group Inc., and CCL Industries Inc. are some of the major market participants. Although the growing popularity of flexible bioplastic packaging will offer immense growth opportunities, increasing focus on reducing the use of plastic packaging will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Download the free sample report @...
Read more

Liquid Silicone Rubber Market – Latest Insights on Forecast and Analysis 2020-2024

Image
The liquid silicone rubber market size has the potential to grow by USD 715.78 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. Market Competitive Analysis The market is concentrated, and the vendors in this marketspace mainly compete based on factors such as the cost of production, innovation in products, price, operational cost, R&D cost, and product quality. Focusing on increasing their product portfolio, liquid silicone rubber suppliers are increasingly investing in R&D activities. CHT Group, Elkem ASA, and KC Co. Ltd. are some of the major market participants. Although the rising demand for lightweight materials in the automotive industry will offer immense growth opportunities, the fluctuation in raw material prices will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth pro...
Read more

Scented Candles Market – Top Insights on The Latest Trends

Image
The  scented candles market  size has the potential to grow by USD 1816.06 mn during 2020-2024 Market Competitive Analysis The market is fragmented. Bolsius International BV, Diptyque SAS, Godrej Consumer Products Ltd., NEST Fragrances, Newell Brands Inc., Reckitt Benckiser Group Plc, S.C. Johnson & Son Inc., ScentAir Technologies LLC, The Bridgewater Candle Co., and The Procter & Gamble Co. are some of the major market participants. Factors such as increasing investment in household interiors, growing home décor market, and diversified product portfolio of key vendors will offer immense growth opportunities. However, stiff competition from the unorganized sector, emission of toxic fumes, and criticality of inventory management and product sourcing may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing ...
Read more