Mobile BI Market – Global Industry Analysis and Forecast (2023-2029)

Mobile BI Market size was valued at US$ 17.26 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 22.2% from 2023 to 2029, reaching nearly US$ 70.26 Bn.
Mobile BI Market Overview:
When done correctly, mobile BI may bring business information and analytics closer to the user with the rising use of mobile devices for business - not just in management positions. This report focuses on the different segments of the Mobile BI market (Type, Function, Application, Organization Size, Vertical, and Region). The major industry players and regions are thoroughly examined in this report (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It's a comprehensive look at today's rapid breakthroughs in a range of fields. Facts and numbers, visualisations, and presentations are used to show the primary data analysis during the historical era from 2018 to 2022. The market drivers, restraints, opportunities, and challenges for Mobile BI are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Mobile BI market.To know about the Research Methodology :- Request Free Sample Report
Mobile BI Market Dynamics:
The increasing usage of Bring Your Own Device in enterprises is expected to drive the global mobile BI market growth over the forecast period. According to Gartner, BYOD practises in the workplace will help to enhance employee satisfaction and motivation while also cutting hardware prices for both small and large organisations. Furthermore, BYOD is supporting retailers in enjoying the benefits by giving customers a more engaging in-store experience, providing insight into operations, and cutting device acquisition costs.

During the forecast period, it is expected that the growing use of mobile business application platforms would present several mobile BI market prospects for participants. It consists of a mobile gateway server and a smartphone application software, with the middle server assisting in data management via cross-platform support, integration, flexibility, and data protection, among other things, allowing consumers to make more informed purchasing decisions.

Increasing worries about personal data protection may act as a market restraint, limiting market during the forecast period. There is no method to prevent mobile phones from being stolen, misplaced, or stolen. As a result, using mobile business intelligence raises the risk of sensitive or proprietary data being compromised, which could have a detrimental influence on market growth.
Mobile BI Market Segment Analysis:
The Mobile BI Market is segmented by Type, Function, Application, Organization Size, and Vertical.

Based on the Type, the market is segmented into Software, and Services. Software segment is expected to hold the largest market share of xx% by 2029. This is due to the growing demand of mobile BI software in the BFSI, IT & Telecommunications, Retail & Ecommerce, Healthcare & Life Sciences, and Government & Defence industries. For example, Tableau is a BI and analytics tool that assists in the analysis of essential company data and the generation of actionable insights. Businesses can use the technology to compile data from a variety of sources into a single dataset, including SQL databases, spreadsheets, and cloud apps like Google Analytics and Salesforce.

Tableau's live visual analytics and interactive dashboard allow users to slice and dice datasets to find new insights and opportunities. Users can construct interactive maps and analyse data from a variety of sources, including geographies, territories, demographics, and more. Tableau assists in the creation of a narrative story of data analysis through interactive graphics that can be shared with an audience.

Based on the Vertical, the market is segmented into BFSI, IT & Telecommunications, Retail & Ecommerce, Healthcare & Life Sciences, Government & Defense, and Others. BFSI segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. It is impractical for banks to manually filter through and evaluate transactional and customer data because of the enormous volume of data accessible. Technology has enabled banks to acquire BI insights from their data and automate many Business Intelligence activities in recent years. Banks may now better manage their assets, marketing efforts, and risks thanks to BI solutions.

However, Business Intelligence is more than just numbers and reports. Live dashboards are included in the most advanced BI systems for banks, allowing managers to monitor performance in real time and take quick action. Artificial intelligence (AI) was increasingly used in banking in 2022 and beyond. You'll gain more powerful insights that are easier to understand and put into action if machine learning is integrated into your system.

More of your data will be integrated into a single platform, allowing you to gain more powerful, deep insights in real-time for faster, more strategic decision-making. BI solutions will integrate with and reveal data from your queue management solution, customer feedback systems, self-service machines, and other components of your customer experience and banking ecosystem as more physical branches become smart digital branches.
Mobile BI Market Regional Insights:
The North American region is expected to dominate the Mobile BI Market during the forecast period 2023-2029. The North American region is expected to hold the largest market share of xx% by 2029. The presence of advanced economies such as Canada and the United States, a trend toward owning multiple mobile laptops, the advancement and adoption of innovative technologies, and the arrival of multiple companies that focus on business intelligence and large business analytics are all contributing to the region's mobile BI market demand. Furthermore, due to the presence of top firms such as Google, Apple, Facebook, and IBM, a higher standard of customer collaboration than developed businesses, the existence of dynamic business analytics and large data-oriented start-ups, a thriving health insurance industry in the United States, and favourable government initiatives with various healthcare equipment, the United States has a significant presence in the ICT sector.

The objective of the report is to present a comprehensive analysis of the Global Mobile BI Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Mobile BI Market dynamic and structure by analyzing the market segments and projecting the Global Mobile BI Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Mobile BI Market make the report investor’s guide.
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Mobile BI Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 17.26 Bn.


Forecast Period 2023 to 2029 CAGR:
22.2%
Market Size in 2029:
US $ 70.26 Bn.


 Segments Covered:
by Type
Software
Services


by Function
IT
Finance
Sales
Marketing
Operations
HR


by Application
Fraud & Security Management
Sales & Marketing Management
Reductive Asset Maintenance
Risk & Compliance Management
Operations Management
Others


by Organization Size
Small and Medium Enterprises
Large Enterprises


by Vertical
BFSI
IT & Telecommunications
Retail & Ecommerce
Healthcare & Life Sciences
Government & Defense
Others



Mobile BI Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Mobile BI Market Key Players:
1. Big Data Bizviz
2. Dundas Data Visualization, Inc.
3. Information Builders, Inc.
4. International Business Machines Corporation
5. Microsoft Corporation
6. Microstrategy, Incorporated
7. Oracle Corporation
8. Qlik Technologies, Inc.
9. Rosslyn Analytics, Ltd
10. SAP SE
11. SAS Institute
12. Tableau Software
13. Tibco Software, Inc.
14. Yellowfin International Pty. Ltd
15. Zoho Corporation

Frequently Asked Questions:

1] Which region is expected to hold the highest share in the Mobile BI Market?
Ans. North America is expected to hold the highest share in the Mobile BI Market.

2] Who are the top key players in the Mobile BI Market?
Ans. Big Data Bizviz, Dundas Data Visualization, Inc., Information Builders, Inc., International Business Machines Corporation, and Microsoft Corporation are the top key players in the Mobile BI Market.

3] Which segment is expected to hold the largest market share in the Mobile BI Market by 2029?
Ans. Mobile BI Software segment is expected to hold the largest market share in the Mobile BI Market by 2029.

4] What is the market size of the Mobile BI Market by 2029?
Ans. The market size of the Mobile BI Market is expected to reach US $ 70.26 Bn. by 2029.

5] What was the market size of the Mobile BI Market in 2022?
Ans. The market size of the Mobile BI Market was worth US $17.26 Bn. in 2022.