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Mobile BI Market Scope to Witness Growth by ~25% CAGR throughout 2022 – 2030

Research Nester published a report titled Mobile BI Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global mobile BI market in terms of market segmentation by type, application, end-user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global mobile BI market is anticipated to witness growth at ~25% CAGR over the forecast period, i.e., 2022 – 2030. The market is bifurcated on the basis of type into services and software, out of which, the services segment is estimated to hold significant share throughout the forecast period, owing to the growing demand for BI services, including fraud detection, asset management, and supply chain management, among others. On the basis of end-user, the market is segmented into BFSI, IT and telecom, ecommerce, healthcare, defense, and others, out of which, the BFSI segment is estimated to gain noteworthy market share over the forecast period, on account of rapid growth of banking, financial services, and insurance sector, along with adoption of innovative technology in the sector.

The global mobile BI market is foreseen to grow on the back of augmenting proliferation of technology, and growing demand for remote access to data amongst business organizations. Furthermore, constant innovation in the mobile phone technology is expected to generate demand for mobile BI technology. Technological trends, such as, bring-your-own-device (BYOD) in workplace, along with rise in mobile enterprise application platform (MEAP) are estimated to boost the market growth. Furthermore, growing privacy and security concerns are estimated to fuel the market growth. According to the report by the Federal Trade Commission (FTC), the identity theft losses increased by 42% within a year, from USD 502.5 billion in 2019 to USD 712.4 billion in 2020.

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On the basis of geographical analysis, the global mobile BI market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these, the market in the North America region is projected to hold the largest share over the forecast period, owing to the adoption of latest technology by the tech-savvy generation, growing industrial development, and advancement in new technology, backed by high R&D activities in this direction.

The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.

Need to Access Data Remotely Amongst Business Institutes to Boost the Market Growth

The growing demand by major business organizations to get accessibility to real-time data to optimize the services provided, is estimated to boost the market growth. While dealing with big data, various management services are employed, which is expected to further boost the market growth.  

However, security concerns and issues with network in remote areas are expected to operate as key restraints to the growth of the global mobile BI market over the forecast period.

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This report also provides the existing competitive scenario of some of the key players of the global mobile BI market which includes company profiling of IBM Corporation, Microsoft Corporation, SAP SE, Oracle Corporation, MicroStrategy Incorporated, SAS Institute, Tableau Software, Information Builders, TIBCO Software Inc., Yellowfin International and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global mobile BI market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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