Valued to be $505 Billion by 2026, Cloud/Mobile Backend as a Service (BaaS) Slated for Dizzy Growth Worldwide

SAN FRANCISCO, Oct. 12, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Cloud/Mobile Backend as a Service (BaaS) - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 9; Released: May 2021
Executive Pool: 44822
Companies: 18 - Players covered include Built.Io; Cloudmine Inc.; IBM Corporation; Kii Corporation; Kinvey, Inc.; Kony; Microsoft Corporation; Oracle Corporation and Others.
Coverage: All major geographies and key segments
Segments: Operating System (Android, iOS, Other Operating Systems); Service (Data Integration, Identity & Access Management, Usage Analytics, Other Services); Vertical (BFSI, Telecommunication & IT, Retail & Wholesale, Manufacturing, Media, Entertainment & Gaming, Other Verticals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Cloud/Mobile Backend as a Service (BaaS) Market to Reach $505 Billion by 2026
Amid the COVID-19 crisis, the global market for Cloud/Mobile Backend as a Service (BaaS) estimated at US$14.7 Billion in the year 2020, is projected to reach a revised size of US$505 Billion by 2026, growing at a CAGR of 79.6% over the analysis period. Data Integration, one of the segments analyzed in the report, is projected to record a 76.3% CAGR and reach US$255.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Identity & Access Management segment is readjusted to a revised 78.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $8.7 Billion in 2021, While China is Forecast to Reach $79.6 Billion by 2026
The Cloud/Mobile Backend as a Service (BaaS) market in the U.S. is estimated at US$8.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$79.6 Billion by the year 2026 trailing a CAGR of 75.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 71.3% and 68.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 54.3% CAGR.

Usage Analytics Segment to Reach US$209.5 Billion by the year 2026
In the global Usage Analytics segment, USA, Canada, Japan, China and Europe will drive the 85.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.1 Billion in the year 2020 will reach a projected size of US$304.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.