Press release
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.
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. With the increase in number of smartphone users, market has generated a significant amount of revenue. Real time accessibility of information on the cross mobile platforms drives the mobile BI Market and the growth is expected to increase further during forecast period.
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The U.S. and China are the leading countries in the mobile BI Market. At present North America leads the mobile BI Market. In the coming years, China is expected to surpass the U.S. region for mobile BI industry in terms of market size; thus boosting the market in Asia-Pacific.
The global mobile BI Market report is segmented into application, industry vertical, type, and region. On the basis of application, the mobile BI industry report is segmented into fraud and security management, sales and marketing management (customer engagement and analysis), predictive asset maintenance, risk and compliance management, supply chain management & operations, and others. Based on industry vertical, it is divided into BFSI, IT and telecommunications, healthcare and life sciences, government and defense, energy and utilities, media and entertainment, and others (manufacturing, education, transportation, and logistics). On the basis of type, it is bifurcated into software and services. The regional market is further analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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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.
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.
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