Global Mobile Business Intelligence Market | Expected to Reach volume of US$ 34.2 Billion by 2028: IMARC Group
According to IMARC Group’s latest report, titled “Mobile Business Intelligence Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.’ the global mobile business intelligence market size reached US$ 11.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 34.2 Billion by 2028, exhibiting a growth rate (CAGR) of 17.5% during 2023-2028.
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2022
Historical Period: 2017-2022
Forecast Period: 2023-2028
Mobile business intelligence (MBI), also known as mobile analytics or mobile BI, refers to the ability to compute business and data analytics services through mobile devices such as tablets and smartphones. It is designed to keep up with competitors while gaining an advantage over them. It is usable and reliable, increases workforce productivity and team collaborations, provides easy access, offers a competitive advantage, and enhances user experience. In addition, it improves decision-making and performance, simplifies analytics, increases revenue, saves time, and provides real-time information. As a result, mobile business intelligence is widely adopted in information and technology (IT), telecommunications, healthcare, government, manufacturing, and retail sector across the globe.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report
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Global Mobile Business Intelligence Market Trends 2023-2028
The market is primarily driven by the rising demand for big data analytics solutions for making informed decisions across various industrial verticals, such as logistics, transportation, banking, financial services, insurance (BFSI), and the e-commerce sector. In addition, the increasing acceptance of the bring your own devices (BYOD) trend across organizations to improve productivity and employee satisfaction while minimizing costs are contributing to the market growth.
Moreover, various technological advancements, such as the incorporation of artificial intelligence (AI), big data, cloud, and machine learning (ML) with mobile analytics to enhance operations by identifying, addressing, analyzing, and resolving issues in real time, represent another major growth-inducing factor. Besides this, the widespread adoption of the internet of things (IoT) that enables mobile devices to analyze, communicate, and share data through cloud-based software platforms and networks is providing a positive thrust to the market growth. Furthermore, extensive research and development (R&D) activities conducted by key players and rapid automation in the banking and e-commerce sector are also creating a favorable market outlook.
Mobile Business Intelligence Market 2023-2028 Competitive Analysis and Segmentation:
Breakup by Solution:
- Software
- Service
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by Enterprise Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by Application:
- Fraud and Security Management
- Sales and Marketing Management (Customer Engagement and Analysis)
- Predictive Asset Maintenance
- Risk and Compliance Management
- Supply Chain Management and Operations
- Others
Breakup by End User Vertical:
- BFSI
- IT and Telecommunications
- Healthcare
- Retail
- Government
- Manufacturing
- Others
Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Some of these key players include:
- International Business Machines Corporation
- Microsoft Corporation
- Microstrategy Incorporated
- Oracle Corporation
- QlikTech International AB
- SAP SE, SAS Institute Inc.
- Tableau Software LLC (Salesforce Inc.)
- TIBCO Software Inc.
- Yellowfin International Pty Ltd. (Idera Inc.)
- and Zoho Corporation Private Limited.
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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