Orbis Research reports the global mobile cloud market will see substantial growth within the next five years. The market, valued at $18.4 billion at the end of 2016, is anticipated to reach or exceed $87.4 billion by 2022, growing at a CAGR of 24.8 percent. The mobile cloud consists of various types of apps, both consumer and enterprise. Many popular applications use cloud storage to improve space, integration and overall user experience.
In a survey of IT professionals conducted last month, the majority of respondents indicated cloud computing and data security will be their company’s main mobile focuses for 2017. With many enterprises utilizing BYOD policies, corporate IT professionals are looking for efficient mobile cloud strategies that also prioritize employee security.
The mobile cloud will continue to grow as new applications and services are developed that rely on cloud storage. As the cloud grows, the corresponding mobile cloud management and mobile cloud security markets will also grow.