The global cloud mobile backend as a service market is anticipated to grow at a CAGR of 23.7% during the forecast period. The purpose of cloud mobile backend as a service platform is to provide app developers with a means to connect their frontend application with backend core features such as cloud computing, cloud storage, and APIs exposed by a backend application. The BFSI sub-segment is expected to hold a considerable share in the cloud mobile backend as a service market attributed to the increasing adoption of BaaS service along with the growing penetration of the Internet of Things. Many BFSI organizations have taken up cloud mobile Baas to improve the quality and scalability of their business. It has significantly helped the BFSI industry to reduce costs and increase profits.
Browse the full report description of “Cloud Mobile Backend as a Service Market Size, Share & Trends Analysis Report by Platform (Android, iOS, and Others), by Application (Cloud Storage & Backup, User Authentication, Database Management, Push notifications, Usage Analytics, and Others), and by End-Users (BFSI, IT & Telecommunication, Healthcare, Retail & E-Commerce, Media & Entertainment, and Others) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/cloud-mobile-backend-as-a-service-market
Moreover, the platform has helped in reducing the time taken to perform tasks along with improving the efficiency and productivity of various enterprises. For instance, the client of SCAND requested to develop an online digital banking platform (BaaS). SCAND implemented core banking functionality to develop mobile applications for iOS and Android. With a focus on security and system monitoring, the company built a solution ready for PCI-DSS (Payment Card Industry Data Security Standard) certification with the implementation of OWASP/CWE/NIST recommendations.
Key Features provided by SCAND
• The full cycle of new customers onboarding
• Exchanges and transactions: payments, credit, deposit
• Asset management
• Accounting management
• KYC (Know Your Customer) and AML (Anti Money Laundering) checks
• Administration panel for management/overviewing of all processes and data
• Investment services
• Integration with cryptocurrency (BTC/ETH)
• External API for partners.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By platform
o By application
o By End-Users
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including 8base, Inc., Axway, Inc., Baasbox Srl, Back4App, Inc., Google LLC, IBM Corp., Kii Corp., Microsoft Corp., Oracle Corp., Software AG, Temenos AG, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected regions and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Cloud Mobile Backend as a Service Market Report Segment
By Platform
By Application
By End-Users
Global Cloud Mobile Backend as a Service Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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