The global cloud mobile backend as a service market is anticipated to grow at a CAGR of 23.7% during the forecast period. The purpose of cloud mobile backend as a service platform is to provide app developers with a means to connect their frontend application with backend core features such as cloud computing, cloud storage, and APIs exposed by a backend application. The BFSI sub-segment is expected to hold a considerable share in the cloud mobile backend as a service market attributed to the increasing adoption of BaaS service along with the growing penetration of the Internet of Things. Many BFSI organizations have taken up cloud mobile Baas to improve the quality and scalability of their business. It has significantly helped the BFSI industry to reduce costs and increase profits.
Moreover, the platform has helped in reducing the time taken to perform tasks along with improving the efficiency and productivity of various enterprises. For instance, the client of SCAND requested to develop an online digital banking platform (BaaS). SCAND implemented core banking functionality to develop mobile applications for iOS and Android. With a focus on security and system monitoring, the company built a solution ready for PCI-DSS (Payment Card Industry Data Security Standard) certification with the implementation of OWASP/CWE/NIST recommendations.
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Key Features provided by SCAND
- The full cycle of new customers onboarding
- Exchanges and transactions: payments, credit, deposit
- Asset management
- Accounting management
- KYC (Know Your Customer) and AML (Anti Money Laundering) checks
- Administration panel for management/overviewing of all processes and data
- Investment services
- Integration with cryptocurrency (BTC/ETH)
- External API for partners.
Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By platform
- By application
- By End-Users
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including 8base, Inc., Axway, Inc., Baasbox Srl, Back4App, Inc., Google LLC, IBM Corp., Kii Corp., Microsoft Corp., Oracle Corp., Software AG, Temenos AG, and others.
A full Report of Cloud Mobile Backend as a Service Market is Available @ https://www.omrglobal.com/industry-reports/cloud-mobile-backend-as-a-service-market
Cloud Mobile Backend as a Service Market Report Segment
By Platform
- Android
- iOS
- Others
By Application
- Cloud Storage & Backup
- User Authentication
- Database Management
- Push Notifications
- Usage Analytics
- Others
By End-Users
- BFSI
- IT & Telecommunication
- Healthcare
- Retail & E-Commerce
- Media & Entertainment
- Others
Cloud Mobile Backend as a Service Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
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