Backend as a Service Market to grow by USD 6.90 billion from 2023 to 2028; Growth Driven by Increasing adoption of smartphones - Technavio

NEW YORK, Dec. 19, 2023 /PRNewswire/ -- The "backend as a service market by deployment (on-premises and cloud), end-user (large enterprises and SMEs), and geography  (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2024-2028" report has been added to Technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the backend as a service market between 2024 and 2028 is USD 6.90 billion. 

The increasing adoption of smartphones is a key factor driving market growth. Smartphone applications are increasingly being used for work, entertainment, communication, shopping, and other activities as a result of the wide variety of mobile applications available to them. Also, cloud computing infrastructure and tools enabling developers to create, deploy, or manage mobile applications are accessible on Platforms that provide Backend Services as a Service.

Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

Market Challenge

• Issues in data security and privacy are some of the significant challenges restricting market growth. 
• Data breaches, compliance with regulations, lack of controls, data residence and sovereignty, security gaps in company libraries, threats to personal safety, or the absence of effective encryption techniques are some of the major problems arising from the Backend as a Service market.
• Furthermore, businesses may find it difficult to monitor or control the security measures put in place by their suppliers when they use a backend as a service platform.

Learn about additional key drivers, trends, and challenges available with Technavio. Read a Free Sample PDF Report Now

The backend as a service market has been segmented by deployment (on-premises and cloud), end-user (large enterprises and SMEs), and geography  (North America, Europe, APAC, South America, and Middle East and Africa). 

• The on-premises segment is estimated to witness significant growth during the forecast period. It is referred to as an "on-premises deployment" segment within the market when backend infrastructure and services are hosted or controlled in an enterprise's premises or data center. Furthermore, enterprises are trying to leverage BaaS capabilities within their dedicated environment and maintain total control of their back-end infrastructure in this market. In addition, it would be advisable to allow companies that have already invested substantial amounts of money into their existing IT infrastructure and thus prefer internal implementation of BaaS solutions.

• North America is estimated to contribute 49% to the growth of the global market during the forecast period.

View the Free Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Key Companies in the backend as a service market:

Buddy, 8base Inc., Airship Group Inc, Alphabet Inc., Amazon.com Inc., Apptread, Axway Software SA, Back4App Inc., Convertigo SA, Couchbase Inc., Exadel Inc., International Business Machines Corp., Kii Corp., MadAppGang Pty Ltd., Microsoft Corp., Optimove Inc., Oracle Corp., Progress Software Corp., PubNub Inc., and Temenos AG

Related Reports:

The Business Process Management (BPM) Market size is estimated to grow at a CAGR of 10.1% between 2022 and 2027. The market size is forecast to increase by USD 8,910.27 million. 

The software consulting market size is estimated to grow at a CAGR of 12.04% between 2022 and 2027. The market size is forecast to increase by USD 207.63 billion. 

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Deployment

Market Segmentation by End-User

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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