Market Trends of Mobile Cloud Industry
Healthcare App Market is Gaining Traction in the Mobile Cloud Market
- The healthcare industry has seen a rapid change over time globally. An outbreak of new diseases, growth in regulatory norms throughout the world, focus on population health management, inventions, more informed customers, and development in advanced mobile applications are some of the significant factors that are augmenting the growth of healthcare cloud applications, which in turn, is expected to boost the mobile cloud solutions and services during the forecast period.
- Moreover, the rise in the adoption of electronic health record (EHR), telehealth, e-prescribing, mHealth, and other healthcare IT solutions and the growing use of wearable technology, big data analytics, and the Internet of Things; and rising cloud deployment in the healthcare sector are some of the major factors driving the growth of the healthcare mobile cloud market.
- Resilient and scalable IT computing solutions pave the path to meeting the growing demand for these advanced technologies. The pandemic encouraged remote work and a reliance on digital simulations, which sharply raised the need for mobile cloud infrastructure. Clinical service providers are quickly adopting these technologies. Additionally, firms could focus on remote working and significantly reduce their IT spending by using these systems and solutions, which increases the mobile cloud requirement in healthcare applications.
- Moreover, incremental innovations in the communication field have led to wireless communication modules for the transmission of data, especially in healthcare gadgets, which improves the healthcare management system. Moreover, the new-age mobile application processes information. It initiates remote diagnostics as part of several built-in preventive actions to enable better healthcare services, driving the need for healthcare and medical apps significantly.
- As per Appfigures, the total number of mHealth apps available in the Google Play Store in the 3rd quarter of 2022 was around 54,546, whereas the total count was 52,565 in the 1st quarter of 2022, indicating a significant rise in the overall number of mHealth apps available in the Google Play Store. Hence, with the rise in the number of healthcare and medical apps, the market is expected to experience various lucrative growth opportunities throughout the forecast period.
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Asia-Pacific is Expected to Register a Significant Growth Rate
- The Asia-Pacific mobile cloud market is anticipated to expand significantly during the forecast period. It is expected that the private mobile cloud sector will soon continue to dominate the market. Industry verticals like entertainment, utilities, education, healthcare, government, automotive, and industrial have dominated the mobile cloud market as these verticals are the major end users of mobile cloud.
- The increase in the adoption of cloud computing across the Asia-Pacific region is driving a significant rise in demand for cloud networking services. In APAC, organizations across telecommunications, government, defense, financial services, manufacturing, and sovereign cloud providers have been the most receptive to adopting cloud networking.
- In the Asia-Pacific region, smartphone penetration, along with the rising utilization of online banking, is expected to drive the market over the forecast period. Notably, a handful of companies are encouraged to bring their device (BYOD) policy, which may positively impact the integration of mobile cloud applications, thereby boosting market growth exponentially.
- Moreover, to increase their consumer base and better meet their demands across various applications, significant companies are also investing, merging with other businesses, and investing in new projects. For instance, in June 2023, RingCentral declared being the first global cloud provider to provide fully compliant cloud phone system services in India. RingCentral had passed key regulatory certifications by the Department of Telecommunications (DOT) India and the Telecom Regulatory Authority of India (TRAI), allowing organizations with a presence in India to access various cloud phone capabilities to ease communication with customers, employees, and everyone in between.
- Also, in March 2023, Fujitsu declared the introduction of a new cloud-based platform that enables users to securely leverage and collect health-related data, especially to promote digital transformation in the medical area. Fujitsu would utilize the platform as a launching point for further planning to build a data portability service that allows patients to view their medical data on their smartphones, as well as a service, especially for medical institutions mainly, to conduct an accurate analysis of shared medical data within the platform.
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