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.
Technavio has announced its latest market research report titled Global Backend as a Service Market 2024-2028
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.
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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.
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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.
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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
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Backend As A Service Market Scope |
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Report Coverage |
Details |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 23.2% |
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Market growth 2024-2028 |
USD 6.90 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
22.9 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
