Mobile BI Market Is Likely to Experience a Tremendous Growth in Near Future at a CAGR 23.29% forecast 2030 By MRFR
Research Reports
Mar 10, 2022
Market Synopsis
As per the research by Market Research Future Reports (MRFR), the global mobile business intelligence market is estimated to reach USD 12.44 billion, thriving at a CAGR of 23.29% during the review period from 2020 to 2030. The high adoption of technology is the major factor driving the global mobile business intelligence market 2020. The higher adoption of analytical software into regular business operations has resulted in the expansion of the market. Besides, the growing size of the organization has further propelled the expansion of the market. Moreover, there has been a growing demand for BYOD in the organization. Besides, the demand for real time reporting has increased, which has resulted in the expansion of the market at a global level. Business intelligence helps the organization in gaining efficient methods for daily operations. The BI offers the past, present, and future status of the business operations. It is an essential asset for the company’s sales force since it offers access to the smallest details to analyze the sales trends and product improvements.
The shifting preference for cheaper alternatives is set to affect the global market during the forecast period 2020 to 2030. The report also provides the market’s performance forecasts till 2022. Analysts have studied the strategy of business intelligence segment based organizations to help new entrants and established businesses. The business intelligence sector itself is supported by the rapidly growing population as well as the growing urbanization. During the forecast period 2020 to 2030, the mobile BI market is set to witness a health growth across end-users, business function, and services segments as well as regional markets.
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Market Segmentation
The business intelligence sector has seen growth across end-users, business function, and services segments owing to high demand across industry verticals and the increasing disposable income. To study the market, analysts have further segmented end-users, business function, and services into professional services and managed services on the basis of services. The market is further segmented into the end-users sub segment which is split into business function and services. Additionally, the mobile BI market on the basis of business function is segmented into finance, HR, IT, marketing, operations, sales, and others.
Regional Analysis
The geographical analysis of North America, Europe, Asia-Pacific, and the Rest of the World (RoW) has been conducted. As per the analysis, the global market is dominated by North America. It is estimated to acquire the largest market share during the forecast period. The major reason behind the expansion is the continuous technological evolution in the region and the rising usage of tablets. Moreover, the early adoption of BI in the region has further fueled the market. On the other hand, the APAC region is likely to exhibit high-growth by the end of the forecast period. The region consists of the fastest developing countries,i.e., China and India. The region is developing at a fast pace due to the rapid urbanization and industrialization. Moreover, several new entities are making their path in the market, making the market more competitive. Furthermore, the evolving technologies’ major focus is on developing mobile applications that propel the market.
However, the outbreak of COVID-19 has affected several regions and their markets. Several markets have come to a halt due to the nationwide lockdown being observed in several countries.
Industry News
Datazen, a mobile business analytics and data visualisation service, was purchased by Microsoft today. Datazen, which was founded three years ago, helps organisations to build mobile analytics using data via Microsoft Excel as well as many other cloud and corporate database sources. Enterprises must instal Windows Server, IIS, and.NET, as well as Datazen’s server applications, inside their firewalls in order to run Datazen. Apps for Windows, Windows Phone, iOS, Android, as well as the web are available from the business. All of Datazen’s services will be accessible for the time being, as per today’s release, and the group will remain focused on the company’s cloud and client products.
Key Players
The forefront players of the global BI market are SAP SE (Germany), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Micro Strategy (U.S.), Oracle Corporation (U.S.), SAS Institute (U.S.), Information Builders (U.S.), Tableau Software (U.S.), TIBCO Software (U.S.), Qlik, Yellowfin International Pty Ltd. (U.S.), and others.
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