Global Backend as a Service Market 2018-2022 | 30% CAGR Projection Over the Next Five Years | Technavio

The global backend as a service market is expected to post a CAGR of over 30% during the period 2018-2022, according to the latest market research report by Technavio.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181121005356/en/

Technavio has published a new market research report on the global backend as a service market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is rising need to reduce complexities in application development. Backend as a service reduces complexities associated with developing and designing mobile and web applications. It removes the need for application developers to create their own backend system for server communication process. Backend-as-a-service vendors offer solutions that do not require complex coding for server hosting, which reduces application development time and improves frontend tasks such as application design and user interface (UI) design. This results in better user experience. Under the backend as a service framework, the storage capacity is highly flexible and scalable and facilitates automatic generation of API to read and write external data. Thus, the market is expected to register a positive outlook during the forecast period.

This market research report on the global backend as a service market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

In this report, Technavio highlights the increased adoption of cloud computing and IoT as one of the key emerging trends in the global backend as a service market:

Global backend as a service market: Increased adoption of cloud computing and IoT

The adoption of the cloud-based solutions in organizations is changing the IT infrastructure as it is cost-effective, flexible, and agile. Firms tend to choose end-to-end managed cloud services that will help them supervise their business applications portfolio, database, and middleware. Also, the growing adoption of IoT among organizations to ensure better connectivity and storage requires strong backend support services. These services manage the backend tasks such as upgrading firmware, storage capacity, and event processing. The use of IoT devices is growing at a fast pace worldwide and will therefore boost the growth of the overall global backend as a service market over the next few years.

“Apart from increased adoption of cloud computing and IoT, other factors such as high demand for additional features in mobile applications and the growing popularity of mobile analytics technology is expected to improve the growth of the market, during the forecast period,” says a senior analyst at Technavio for research on enterprise application.

Global backend as a service market: Segmentation analysis

This market research report segments the global backend as a service market by end-user (SMEs and large enterprises) and geographical regions (APAC, EMEA, and the Americas).

The Americas led the market in 2017 with a market share of 58%, followed by EMEA and APAC respectively. The region has many key BaaS vendors, primarily because of a high concentration of industries that incorporate the solution. The Americas has also been an early adopter of modern technology and is undergoing a data explosion with the advent of cloud computing, virtualization, and the Internet of Things (IoT).

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 10,000 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.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20181121005356/en/