The Global Market for Backend-as-a-Service (BaaS) is Projected to Reach US$113.8 Billion by 2024
The Appification Trend
Drives Growth in the Global Backend-as-a-Service Market, According to a New
Report by Global
Industry Analysts, Inc.
GIA launches comprehensive analysis of
industry segments, trends, growth drivers, market share, size and demand
forecasts on the global Backend-as-a-Service (BaaS) market. The global market for Backend-as-a-Service (BaaS) is
projected to reach US$113.8 billion by 2024, driven by growing investments in disruptive cloud technologies;
smartphone boom and the resulting increase in appetite for apps and the trend
towards “Develop Your Own Applications” in the enterprise sector.
Backend-as-a-Service (BaaS) is a cloud
computing model which makes it easier for application developers to establish,
use, and operate cloud backend for their applications, including web, mobile
phone and tablet PC apps. Being a cloud based service, BaaS provides necessary
backend support for application developers to store, manage and access their
application data through cloud platforms and also reduces the complexity and
cut down the time taken by developers to build their applications. Soaring
demand for a wide range of app enabled web, mobile phone and tablet PC
applications has been encouraging a huge spurt in application development
activity over the years, thereby setting the stage for healthy growth in BaaS
market.
Back-end-as-a-Service is fast gaining
prominence as the most viable approach for offering mobile- and web-app
developers means to connect applications to APIs and back-end cloud storage. While
small and medium scale development firms were early to tap the benefits of BaaS
and currently represent the largest end-user segment for BaaS, large scale
enterprises too are now looking more closely at the advantages offered by BaaS.
Mobile backend as a service (MBaaS) is emerging as a robust and lucrative
business area focused on meaningful interconnection of apps to corporate data
and information systems. Growth in Enterprise Mobility is hence giving way to increased adoption of mBaaS to connect
cross-platform mobile applications to cloud, legacy systems, and perform
on-demand functionalities. BaaS also eliminates the need for depending on the
storage limit of local device. By helping create backend infrastructure and
taking care of other backend responsibilities of application development such
as complex server-side programming and development of server-side code blocks,
BaaS providers help ease some of the common difficulties faced by application
developers. For instance, by outsourcing development of backend code blocks to
third party service providers, application developers can limit redundancy in
their development.
As stated by the new market research
report on Backend-as-a-Service, the US represents the largest market worldwide. Asia-Pacific ranks as
the fastest growing market with a CAGR of 74.7% over the analysis period, led
by factors such as robust increase in app development activity, rise in number
of app development companies and proliferation of cloud computing technologies
in countries such as India and China.
Major players in the market include AnyPresence
Inc., Apigee Corp., ApiOmat Inc., Axway Software, Appery LLC, Applicasa Ltd., Backendless
Corp, Buddy Platform Inc., Built.io, Kinvey Inc., Kumulos Ltd., Microsoft
Corporation, Red Hat Inc., and Structum Inc. among others.
The
research report titled “Backend-as-a-Service: A
Global Strategic Business Report” announced by Global Industry Analysts Inc.,
provides a comprehensive review
of market trends, issues, drivers, mergers, acquisitions and other strategic
industry activities of global companies.
The report provides market estimates and projections for all major
geographic markets such as the US, Canada, Japan, Europe (France, Germany,
Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (Australia, China,
India, South Korea and Rest of Asia-Pacific), Latin America (Brazil and Rest of
Latin America) and Rest of World.
For
enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
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