07 May 2021
Visiongain has published a new report on Backend-as-a-Service (BaaS) Market Report to 2031: Forecasts by type (Consumer BaaS, Enterprise BaaS), by organization size (Small & Medium-sized Enterprises, Large Enterprises), by services (Data Integration, Identity & Access Management, Support & Maintenance, Others). PLUS Profiles of Leading Backend-as-a-Service (BaaS) Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Backend-as-a-Service (BaaS) market was valued at US$ xx billion in 2020 and is projected to reach at a market value of US$ xx billion by 2031. Backend-as-a-Service (BaaS) is an alternative approach that uses software development kits (SDKs) and offers value-added features such as usage analysis, user management, and push notification or campaigning, and others for backend operations. Moreover, cloud-based BaaS is gaining momentum and operating a cloud backend via tablet, mobile and web applications are booting the market growth.
Major benefits provided by Backend-as-a-Service (BaaS) and growing demand for cloud-based BaaS are driving the market growth. On the contrary, surge in preference towards Bring Your Own Device (BYOD) policy and continuous growth in the services industry are some of the major factors expected to create an immense opportunities to the market in the upcoming years.
COVID-19 Impact on Backend-as-a-Service (BaaS) Market
The spread of COVID-19 has affected several business verticals globally, however, the demand for BaaS has increased tremendously in the midst of pandemic situation. Due to business lockdowns & shutdowns, several private businesses & services provides has switched to work-from-home channels. Therefore, the global health crisis has a positive impact on Backend-as-a-Service (BaaS) market and is expected to maintain its dominance during the forecast period.
Major benefits provided by Backend-as-a-Service (BaaS)
Standardizing tasks, delivering ready-to-use features, development and other streamlining backend operations services are driving the market growth. Also, enterprises are investing & looking forward to implement such facilities are becoming another growth factors to the Backend-as-a-Service (BaaS) market.
Growing demand for cloud-based BaaS
As cloud-based BaaS provides real-time data operations services, enhances security and high data maintenance strategies are becoming major factors accelerating the demand for cloud-based BaaS in the market. Therefore, these factors are fuelling the growth of Backend-as-a-Service (BaaS) market.
Surge in preference towards Bring Your Own Device (BYOD) policy
As companies have been dealing in middleware, integrated development environment (IDE), server-side infrastructure, and others in order to ease of development of backend work, the increased preferences towards Bring Your Own Device (BYOD) is expected to create lucrative opportunities to the market.
Continuous growth in the services industry
With increasing mergers & acquisition, expansion of global services, and increased need for services across several industry verticals are becoming major factors, expected to boost the BaaS market. In addition, as the services industry gaining momentum pace, the requirement for BaaS solution is expected to rise and therefore, creates promising opportunities to the Backend-as-a-Service (BaaS) market in the upcoming years.
Some of the companies profiled in the report include AWS Amplify, AnyPresence Inc., Appcelerator Inc., Buddy Platform Inc., IBM Corporation, KII Corporation, Kinvey Inc., Kony Inc., Microsoft, and Oracle.
In June 2020, AWS which is one of the subsidiaries of Amazon Inc., has entered into a strategic partnership with Slack Technologies, which operates as a software company. In addition, the partnership is aiming at improving enterprise workforce collaboration and providing developer teams an ability to collaborate & innovate faster on the front end with applications, and manage backend cloud infrastructure.
In June 2020, Apple, Inc. has created a new open source project called Password Manager Resources. This new initiative towards BaaS with the Password Manager Resources open source project allows developers to integrate website-specific requirements to generate strong, unique passwords & manage security over data.
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