Global Mobile BI Market was valued at US$ 4.20 Mn in 2019 and is expected to reach US$ 21.07 Mn by 2027, at a CAGR of 22.34% during a forecast period.
Mobile BI is the ability to access BI-related data such as business metrics, KPIs, and dashboards on mobile devices. Early advocates of mobile BI instantly grasped the potential of mobile phones to simplify the distribution of business-critical data to mobile or remote workers.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding mobile BI market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in mobile BI market.
Growing the size of organization, high adoption of the technology, and analytical software into the business process is helping to personnel to reduce the cost and time. This is driving the market of global mobile BI market growth. With the rising number of smartphone users, market has generated a major amount of revenue. Moreover, augmented competitive advantage, customer satisfaction, enhanced ROI and workforce productivity is driving the mobile BI market growth. However, privacy and data security concerns, designing for mobile devices, and maintaining uninterrupted network connectivity are the major challenges for mobile BI market growth.
BFSI is a leading segment expected to register the highest market share and is estimated to grow at the CAGR during the forecast period owing to penetration of banking in rural areas. Moreover, increasing the volume and variety of data in day by day with rising demand for IT systems for financial transactions in banks and other financial service institutes is also growing the demand for BFSI segment.
IT business function to have the largest market share in 2017. Organizations are developing their IT monitoring tools to gain more visibility into the new complexity. Mobile BI allows big data from IT to be converted into relevant and actionable insights for a rapid problem resolution. It enables the organizations to extract insights from important operational data types, such as performance metrics, log files, events, and trouble tickets so that they can proactively avoid outages, realize faster mean time to repair, and achieve cost savings through greater operational efficiency from anyplace.
North America is estimated to hold the largest market share during the forecast period owing to the presence of several developed economies, such as Canada and the U.S. Asia-Pacific is projected to the highest growing region in the mobile BI market owing to rising adoption of IoT & smart technologies and government initiatives such as smart cities in the Asia-Pacific countries, including China and India.
Scope of the Global Mobile BI Market
Global Mobile BI Market by Type
Global Mobile BI Market by Function
Global Mobile BI Market by Application
Global Mobile BI Market by Organization Size
Global Mobile BI Market by Vertical
Global Mobile BI Market by Geography
Key Players operating in the Global Mobile BI Market
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