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Mobile BI Market by Type (Software, Services), Business Function (IT, Finance, Sales, Marketing, Operations, HR), Business Application, Organization Size (SMES, Large Enterprises), Industry Vertical, and Region - Global Forecast to 2021

Mobile BI Market: Global Forecast until 2021

  • January 2017
  • 167 pages
  • ID: 4612797
In this report:
The BFSI vertical is holds the largest market share and is expected to grow from USD ##.## million in 2016 to USD ##,##.## million by 2021, at a CAGR of ##.##% during the forecast period due to the increasing adoption of technologies, such as mobile, cloud, and social BI across financial services firms.
Latin America and MEA are expected to grow at CAGR of ##.##% and ##.##%, respectively, during the period of 2016-2021.

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"Increasing BYOD trend is driving the rise"

MarketsandMarkets estimates the overall mobile Business Intelligence market to grow from ~$4.1B in 2016 to ~$11.1B by 2021, at a CAGR of 22.20 percent. The mobile BI market is increasing quickly because of the transition from traditional BI techniques to advanced BI and analytics techniques, which can be managed and utilized from anyplace at any time, and the massive surge in the Bring Your Own Device trend across industry verticals. Elements such as difficulty in identifying durable return on investment and lack of sustainable data governance process are anticipated to limit the market increase.

"IT business function to have the biggest industry size in 2016"

Institutions are evolving their Information Technology monitoring tools to benefit more visibility into the new complexity. With the right solution, one can detect patterns early to predict issues before they arise. Mobile BI allows big data from IT to be converted into relevant and actionable insights for a fast problem resolution. It allows the institutions to extract business insights from main operational data types, including log files, performance metrics, events, and trouble tickets, so that they can proactively avoid outages, achieve faster mean time to repair, and realize cost savings through greater operational efficiency from anyplace. Accordingly, IT is projected to have the largest part of market share in 2016 among all business functions.

"Healthcare and life sciences vertical to have the maximum growth rate during the estimate period"

Mobile BI solutions have been deployed across different verticals, including Banking, Financial Services, and Insurance ; telecommunication & IT; retail & eCommerce; manufacturing; healthcare & life sciences; energy & utilities; transportation & logistics; media & entertainment; government & defense; and others. Healthcare and life sciences sector vertical is expected to witness the top compound annual growth rate during the outlook period by cause of the growing need for managing real-time data coming from several healthcare activities, including patient's sleep analysis and calories burnt based on the physical activities conducted.

"North America (NA) is forecasted to hold the biggest market share"

North America continent, succeeded by Europe (EU), is anticipated to continue being the biggest revenue-generating area for the mobile BI vendors for the upcoming five years. This is primarily due to the presence of different developed economies, including Canada and the U.S.A and because of the high focus on modernizations through analysis & development and technology across industry verticals. Asia Pacific (APAC) is anticipated to be the more important increasing area in the mobile BI market as a result of the rising adoption of Internet of Things & smart technologies and government initiatives including smart cities in the APAC countries, including China and India (IN).

Comprehensive interviews were managed with the Chief Executive Officers, marketing directors, other innovation & technology directors, and executives from numerous main institutions operating in the mobile BI marketplace.

- By Company - Tier 1 - 22.0 percent, Tier 2 - 30.0 percent, and 1/3 3 - 48.0 percent

- By Designation - C-Level - 30.0 percent, Director Level - 45.0 percent, and Others - 25.0 percent

- By area - North america (NA) - 48.0 percent, Europe - 30.0 percent, and APAC - 22.0 percent

Strategic Analysis Report

The mobile BI market revenue is primarily classified into incomes from software and services. Software's revenue is combined with stand-alone software offerings while services' revenue is combined with managed services and professional services. The professional services include deployment & integration, support & maintenance, and consulting services. The sector is also broken down on the basis of business functions, applications, deployment models, industry verticals, and territories.

Why acquiring this study can help you

- To get a comprehensive overview of the overall mobile BI market

- To benefit wide range information about the top actors in this market sphere, their products review, and the best strategies approved by them

- To benefit insights of the main countries/localities in which the mobile BI market is flourishing in different industries

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