MarketsandMarkets has projected the global mobile cloud market to reach $46.9 billion in value by 2019.
The forecast indicates that the mobile cloud market will grow by a compound annual growth rate of 37.8 percent from $9.43 billion in 2014, the market researcher said Tuesday.
MarketsandMarkets attributes the rise of the mobile cloud era to expansions in cloud computing as users continue to access cloud-based applications and services using their mobile devices.
“This real-time information accessed through the apps on mobile devices can be used for personal or professional purpose, thereby enabling flexibility in work,“ the research firm says. “The escalating demands from the users and the ease in provision of competent mobile cloud-based apps are in turn driving the growth in the mobile cloud market.”
It also cites network connections, demand for centralized data management and HTML5 technology adoption as drivers for the market.