Mobile BI Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
The global mobile BI market is envisaged to witness the addition of new products and features to keep consumers interested. For instance, the Redmond-based giant technology company, Microsoft recently announced the inclusion of new features such as ‘Shared with me View’ in its all-platform Power BI mobile apps. Also accessible through web portals, Power BI mobile apps have been updated to facilitate users with a single place to share all dashboards. Key analysts predict a new level of advancement in the global mobile BI market owing to latest launches such as Yellowfin 7.3+. It allows the formulation of keen business insights for data and IT analysts through trustworthy and governed data and flexible creation of dynamic visualizations for developers.
The augmenting need of mobile BI software solutions across a myriad of organizations is envisioned to propel the demand for consulting services and professional services. As a result, the services market could register a significant CAGR during the forecast period 2017–2025. Several industries have expressed the need to streamline their sales and resolve sales-related problems in real time. This is anticipated to set the tone for a reliable growth in the sales market for mobile BI. However, mobile BI is also implemented for other business functions such as human resource, finance, operations, marketing, and IT.
While small and medium-sized enterprises (SMEs) could up the growth in the global mobile BI market for receiving low-cost solutions, large enterprises are predicted to birth a staggering demand on the back of time-efficient and cost-effective features.
Mobile Business Intelligence or mobile BI is the ability that aids the mobile personnel to attain business insights via information analysis employing applications improved for mobile devices. Business intelligence or BI is basically referred to computed-based techniques employed in the spotting, extracting, and evaluating business information such as associated incomes and costs or sales revenue by departments or products. Though, the notion of mobile computing has been long prevalent, the concept of mobile BI has gained momentum in the last few years. This growth has been encouraged due to the significant change in the wire world with the advent of wireless technology with smartphones giving rise to a new era of mobile computer technology, prominently in the field of business intelligence.
Organizations are developing their personal Information Technology (IT) monitoring tools in order to gain enhanced visibility into the new intricacies. The right solutions can help one detect patterns that will help predict issues early before they occur. Mobile BI permits big data from IT to be transformed into appropriate and actionable insights for a rapid resolution. It further enables the business organization to extract information from key operational data units such as log files, events, performance metrics, and trouble tickets to proactively dodge outages, attain faster mean time for repairing, and understand cost savings through better operational efficiency.
The market intelligence publication delves into the possible growth opportunities for the global mobile BI market and the chronological growth of the market throughout the forecast period. It also uniquely provisions required data related to facers such as dynamics influencing the progress in all possible retrospective manner. Several ubiquitous and non-ubiquitous trends have also been mentioned in the study. An outlook of extensive nature keeping in mind the Porter’s five forces analysis has been provided to make the vendor landscape transparent to the reader. The report further reaches out to point out accomplishments related to R&D, acquisitions, mergers, and crucial partnerships and verifications. The companies in limelight have been analyzed on market shares, products, and key strategies.
The key drivers of the global mobile BI market are the growing trend of bring your own device (BYOD), rising platforms of mobile enterprise application, burgeoning popularity of Representational State Transfer Application Programming Interface (REST APIs), growth of in-memory computing, and robust advancement in the features of mobile device. The global mobile BI market is also progressing owing to the transformation from the generic BI techniques for the purpose of business data analysis to advanced methods and the upsurge in the flow of unstructured and structured data.
The mobile BI market can be classified on the basis of industry verticals, amongst the segments of insurance, financial services, and banking are likely to be the leading adopters of mobile BI due to the extensive rise in data volume and the growing demand for IT systems in banks and several other financial institutes.
The market in North America is expected to emerge lucrative owing to the growing technological advancements and early adoption of business intelligence solutions. Due to the high opportunities for vendors in the industry verticals of the Asia Pacific region, mainly in Japan, China and India, the market is projected to witness strong growth.
Some of the leading players in the market are Qlik Technologies, SAS Institute, Tableau Software, SAP SE, Microsoft Corporation, and IBM Corporation.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report