Research and Markets: Mobile Cloud Market to See 38% CAGR Over 5 Years

Research and Markets has released a new report that points to a 37.8-percent compound annual growth rate for the global market on mobile cloud technologies, which combine the capabilities of cloud computing and mobile devices.

From a value of $9.43 billion this year, the global mobile cloud market will reach a value of $46.90 billion in 2019, Research and Markets said Nov. 24.

The company added that market growth is due to user adaptability and the ease of use and prevalence of mobile cloud applications and services.

The new report also discussed user concerns on data security and privacy and the various applications for mobile cloud technologies.

The prominent vendors in the market are:

• Akamai Technologies
• Amazon Web Services
• Apple
• EMC
• Google
• IBM
• Microsoft
• Oracle
• Rackspace
• Salesforce.com