PUBLISHER: Allied Market Research | PRODUCT CODE: 1414910
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414910
According to a new report published by Allied Market Research, titled, "Backend-as-a-Service (BaaS) Market," The backend-as-a-service (baas) market was valued at $3.1 billion in 2022, and is estimated to reach $28.7 billion by 2032, growing at a CAGR of 25.3% from 2023 to 2032.
The growing need for mobile and web apps is driving the backend-as-a-service market. As businesses started to provide seamless digital experiences, the need for powerful backend infrastructure became increasingly important, thereby propelling market growth. According to BuildFire, there are around 6.3 billion smartphone users worldwide, with 1.14 billion tablet users growing at a rate of approximately 7% each year, which has led organizations to seek efficient ways to manage their backend processes. BaaS simplifies backend development, accelerating time-to-market for applications. This demand-driven growth is further fueled by the need for scalable and agile solutions in the ever-evolving tech landscape. Therefore, such factors drive the growth of the backend-as-a-service (BaaS) market. Furthermore, growing use of cloud-based infrastructure is a significant driver of the backend-as-a-service market growth. The combination of cloud computing and BaaS simplifies backend development while also improving scalability, security, and worldwide accessibility, making it an attractive choice for organizations navigating the digital landscape. However, the growing backend-as-a-service business dealing with enormous challenging situations due to records protection and privacy issues and challenges associated with the complexity of integration. On the contrary, the growing popularity of serverless computing solutions is expected to generate lucrative opportunities for the BaaS market. Serverless computing is becoming more innovative as organizations prefer faster, scalable solutions that eliminate the need for complex backend maintenance. In addition, the growing IoT ecosystem is expected to accelerate the BaaS industry growth as enterprises embrace IoT technology for operational efficiency and continuous enhancement.
The backend-as-a-service (BaaS) market is segmented into service type, operating system, enterprise size, industry vertical, and region. On the basis of service type, the market is differentiated into professional services, support and maintenance, access and identity management, usage analytics, and others. On the basis of operating system, the market is divided into iOS, android, and others. On the basis of enterprise size, the market is categorized into large enterprises, and small and medium-sized enterprises. By industry vertical, the market is segregated into BFSI, IT and telecom, healthcare, retail and e-commerce, manufacturing, media and entertainment, public sector, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the backend-as-a-service market include 8base Inc., Amazon Web Services, Inc., Back4App Inc., Kuzzle, MongoDB, Inc., Google LLC, Microsoft Corporation, Progress Software Corporation, Oracle Corporation, and Kii Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the backend-as-a-service (BaaS) industry.
Key Benefits for Stakeholders
Additional benefits you will get with this purchase are:
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)