Mobile BI Market worth $15,990 Million, Globally, by 2022

According to a new report by Allied Market Research, titled, Global Mobile BI Market by Type, Application, Industry Vertical, and Geography: Opportunity and Forecast, 2016-2023, the global mobile BI market accounted for $4,103 million in 2016, and is expected to grow at a CAGR of 21.6% to reach $15,990 million by 2023. By industry vertical, BFSI category was the highest contributor in 2016, accounting for around 28.01% of the global mobile BI market.

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A mobile BI is a software used to store real time information that can be accessed remotely at anytime, anywhere. Increase in number of mobile internet users drives the mobile BI market significantly.

BFSI is a leading category expected to register the highest market share, and is expected to grow at the CAGR of 20.2% during the forecast period due to penetration of banking in rural areas.

The global mobile BI market is segmented on the basis of regions into North America, Europe, Asia-Pacific, and LAMEA. North America led with highest market share in 2016. Asia-Pacific is expected to lead the regional mobile BI industry in the coming years due to high growth rate. The report features a competitive scenario of the mobile BI industry and provides comprehensive analysis of key growth strategies adopted by major players in mobile BI industry.

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Key players profiled in the mobile BI market include International Business Machines Corporation, SAP SE, Microsoft Corporation, Oracle Corporation, Microstrategy Incorporated, SAS Institute, Tableau Software, Information Builders Inc., Tibco Software Inc., Yellowfin International Pty. Ltd, and Olik Technologies Inc.

Key Findings of the Mobile BI Market:

• The gaming category for the mobile BI market accounted for the highest market share in 2016, growing at a CAGR of 20.2% during the forecast period
• The U.S. generated the highest revenue in 2016, with $1,208 million
• The media and entertainment category is expected to grow at a highest CAGR during the forecast period

Key players profiled in the global mobile BI Market include International Business Machines Corporation, SAP SE, Microsoft Corporation, Oracle Corporation, Microstrategy Incorporated, SAS Institute, Tableau Software, Information Builders Inc., Tibco Software Inc., Yellowfin International Pty. Ltd, and Olik Technologies Inc.

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The increase in security threats and attacks have increased the concern for personal data security and thus limits the growth of the mobile BI market. Moreover, the implementation cost of such BI systems is high for small & medium enterprises (SMEs), restraining the growth of the mobile BI industry.

Rise in the demand of advanced technologies, such as, Internet of Things (IoT), smart building, building automation, nanotechnology, wireless sensor networks, and human machine interface solutions fuel the growth of the mobile BI market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Posted by alliedanalytics on Monday October 08 2018, 3:15 PM EST. All trademarks acknowledged. Filed under Uncategorized. Comments and Trackbacks closed. Follow responses: RSS 2.0