The mobile cloud market is valued at USD 60.05 billion in the current year and is expected to register a CAGR of 20.82% during the forecast period to become USD 154.63 billion by the next five years.
The mobile cloud market is fiercely competitive and features a multitude of prominent players. In terms of market share, these key industry leaders currently dominate the landscape. Furthermore, due to ongoing innovation within the cloud sector, most companies are actively expanding their market presence, thus extending their reach to customers in various markets.
In June 2023, T-Mobile announced a strategic partnership with Google Cloud, combining their 5G Advanced Network Solutions with Google Cloud's robust edge computing capabilities. This collaboration aims to empower businesses to unlock new value for their customers, offering enterprises diverse opportunities to embark on their digital transformation journey.
In June 2022, Baffle Inc., a cloud-based data protection company, extended its global footprint by establishing an engineering center in Bangalore, thereby gaining a foothold in the Asia-Pacific region. The company specializes in safeguarding data in the cloud, with support for major cloud platforms such as Microsoft Azure, Amazon Web Services, IBM Cloud, and Google Cloud Platform. They achieve this via a no-code, simple-to-deploy security mesh that does not affect performance or necessitate changes to applications.
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