Market Trends of North America Mobile Cloud Industry
This section covers the major market trends shaping the North America Mobile Cloud Market according to our research experts:
The Healthcare Industry is Expected to Witness Significant Growth in the Market
Healthcare apps are obtaining huge traction in the cloud market. Initiation of remote diagnostics has taken place. The mobile cloud offers such applications, which creates an ease of accessing the applications stored in the desired data on any device. The mobile cloud market analysis elucidates investment pockets and singles out profitable trends to acquire a stronger foothold in the marketing field.
The healthcare industry has witnessed rapid changes over time globally. The outbreak of new diseases, growth in regulatory norms across the world, focus on population health management, inventions, more informed customers, and growth in the advanced mobile application are some of the factors augmenting the growth of healthcare cloud applications, which in turn, may boost the mobile cloud solutions and services over the forecast period.
The COVID-19 pandemic is an evolving perspective that had an immense impact on the cloud business. It had watershed results on both financial fragility and the health of the business, which degraded the mobile cloud market growth. Cloud companies have gained popularity in recent years. Most of the companies have shifted to a remote environment to attain social distancing.
Moreover, incremental innovations in the field of communication have led to the use of wireless communication modules for the transmission of data in healthcare gadgets, which improves the healthcare management system. The new-age mobile application may process information and initiate remote diagnostics as part of several built-in preventive actions for enabling better healthcare services.
The United States is Expected to Hold the Largest Market Share
Rapid technological developments in smart gadgets and increasing business operations in the region are expected to make North America the most important market for mobile cloud investments over the forecast period. The biggest contributor to this market is the United States, which accounted for most of the revenue in the North American region.
According to the Cisco Annual Internet Report, by 2023, North America will have 329 million mobile users, i.e., 88% of the regional population, up from 313 million, which represented 86% of the regional population in 2018. Also, by 2023, the region is expected to witness 5 billion networked devices/connections, up from 3 billion in 2018. Such growing trends are expected to create significant space for the growth of mobile cloud solutions and platforms in the region.
The major factors driving the scale and growth of the North American region are investments in consumer electronics and the strong growth in the implementation of IoT technologies. The region, with a vast IT infrastructure, has boosted the smart devices market due to enhancing factors such as mobility and making high-speed internet available to the users.
