Market Size of North America Mobile Cloud Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 28.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Mobile Cloud Market Analysis
The North America mobile cloud market is anticipated to register a CAGR of 28% during the forecast period (2022 - 2027). The outbreak of the COVID-19 pandemic has resulted in advancements and refinements in the realm of cloud-related services. The mobile cloud business and its computing environment consist of fast-paced practices for services that reflect the trend of maintaining data. The onset of this pandemic caused massive dislocation and disruption in supply chains. The cloud segment across the enterprises continues to make notable progress in environment-friendly innovations that meet consumer demand for a more sustainable community. There is a noticeable rise in awareness about high-performance mobile cloud platforms that have catered to the growing need across various end-user segments.
North America is expected to have the highest share of the global cloud communication platform market. This is due to the US market's early adoption of cloud-based networks. The crunch in resources to create in-house facilities and the increasing incidence of BYOD are helping the North American market generate the highest revenue.
The overwhelming need for central data management and security for multiple types of mobile devices has led to the increasing usage of mobile cloud applications. This trend is also prominent in organizations that have adopted the 'Bring Your Own Device' (BYOD) strategy. Such growing acceptance of mobile cloud applications has led to notable trends in the IT sector.
The continuous evolution of cloud computing and the increasing adoption lead to an upsurge in mobile cloud usage. The mobile cloud offers access to cloud-based applications and services directly to portable devices, creating ease in accessing applications or services stored with desired data on any device.
The substantial growth in smartphones and other portable devices is likely to create new avenues and opportunities for cloud service providers and application developers to penetrate the market.
The concerns over cybersecurity and increasing cybercrimes could hinder the market's growth as some applications are not secured, with data security issues.
