The global mobile business intelligence market size reached US$ 13.8 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 51.5 Billion by 2032, exhibiting a growth rate (CAGR) of 15.8% during 2023-2032. The global market is primarily driven by the rising demand for real-time data access, the growth of remote work, advancements in AI and machine learning, an increase in data volume, the adoption of cloud-based solutions, stringent data security needs, and the necessity for seamless integration with existing business systems.
Major Market Drivers: Key drivers include the rising trend of remote work and the growing need for on-the-go data analysis, advancements in AI and machine learning enhancing BI capabilities, and the escalating volume and variety of business data. Additionally, the demand for improved user experiences and the adoption of cloud-based solutions contribute to the market's expansion.
Technological Advancements: Innovations in AI and machine learning are revolutionizing Mobile BI, offering sophisticated data analysis, predictive analytics, and personalized insights. Cloud computing is also playing a crucial role, providing scalable and cost-effective BI solutions, while enhancements in user interface design are making these tools more accessible to a wider audience.
Industry Applications: Mobile BI is seeing widespread application across various industries, with significant adoption in sectors, including BFSI, healthcare, retail, and government. These tools are used for diverse purposes including customer engagement analysis, predictive asset maintenance, risk and compliance management, and supply chain optimization.
Key Market Trends: The market is witnessing trends, such as increasing adoption of cloud-based mobile BI solutions, a focus on enhanced security and compliance features, and the integration of mobile BI with other business systems for comprehensive analytics. The move towards real-time data analysis and the democratization of data across organizational hierarchies are also notable trends.
Geographical Trends: North America leads the market, attributed to its advanced technological infrastructure and strong corporate sector. Asia Pacific is rapidly growing due to digitalization and expanding SMEs, while Europe maintains steady growth with an emphasis on data security and regulatory compliance. Latin America and the Middle East & Africa are emerging as potential markets with increasing digital adoption.
Competitive Landscape: The market features a mix of established players and emerging challengers, with key players focusing on strategic collaborations, technological innovations, and expanding service offerings. The competitive landscape is characterized by efforts to integrate advanced technologies, improve user interfaces, and offer scalable, cloud-based solutions.
Challenges and Opportunities: Business Intelligence market is the adoption barrier among businesses unfamiliar with BI technology, particularly small and medium-sized enterprises. Additionally, there exists a skill gap in effectively utilizing advanced BI tools, requiring ongoing training and education. Addressing these challenges offers opportunities for BI providers to develop more intuitive, easy-to-use interfaces and comprehensive training programs, facilitating smoother adoption and better utilization of BI tools across various business sectors.
2. What is the expected growth rate of the global mobile business intelligence market during 2024-2032?
3. What are the key factors driving the global mobile business intelligence market?
4. What has been the impact of COVID-19 on the global mobile business intelligence market?
5. What is the breakup of the global mobile business intelligence market based on the application?
6. What is the breakup of the global mobile business intelligence market based on the end user vertical?
7. What are the key regions in the global mobile business intelligence market?
8. Who are the key players/companies in the global mobile business intelligence market?
Mobile Business Intelligence Market Analysis:
Market Growth and Size: The market is experiencing significant growth, driven by the increasing demand for real-time data access and decision-making capabilities. With the expansion of the mobile workforce and advancements in technology, the market is expected to continue its upward trajectory, offering substantial opportunities for both existing players and new entrants.Major Market Drivers: Key drivers include the rising trend of remote work and the growing need for on-the-go data analysis, advancements in AI and machine learning enhancing BI capabilities, and the escalating volume and variety of business data. Additionally, the demand for improved user experiences and the adoption of cloud-based solutions contribute to the market's expansion.
Technological Advancements: Innovations in AI and machine learning are revolutionizing Mobile BI, offering sophisticated data analysis, predictive analytics, and personalized insights. Cloud computing is also playing a crucial role, providing scalable and cost-effective BI solutions, while enhancements in user interface design are making these tools more accessible to a wider audience.
Industry Applications: Mobile BI is seeing widespread application across various industries, with significant adoption in sectors, including BFSI, healthcare, retail, and government. These tools are used for diverse purposes including customer engagement analysis, predictive asset maintenance, risk and compliance management, and supply chain optimization.
Key Market Trends: The market is witnessing trends, such as increasing adoption of cloud-based mobile BI solutions, a focus on enhanced security and compliance features, and the integration of mobile BI with other business systems for comprehensive analytics. The move towards real-time data analysis and the democratization of data across organizational hierarchies are also notable trends.
Geographical Trends: North America leads the market, attributed to its advanced technological infrastructure and strong corporate sector. Asia Pacific is rapidly growing due to digitalization and expanding SMEs, while Europe maintains steady growth with an emphasis on data security and regulatory compliance. Latin America and the Middle East & Africa are emerging as potential markets with increasing digital adoption.
Competitive Landscape: The market features a mix of established players and emerging challengers, with key players focusing on strategic collaborations, technological innovations, and expanding service offerings. The competitive landscape is characterized by efforts to integrate advanced technologies, improve user interfaces, and offer scalable, cloud-based solutions.
Challenges and Opportunities: Business Intelligence market is the adoption barrier among businesses unfamiliar with BI technology, particularly small and medium-sized enterprises. Additionally, there exists a skill gap in effectively utilizing advanced BI tools, requiring ongoing training and education. Addressing these challenges offers opportunities for BI providers to develop more intuitive, easy-to-use interfaces and comprehensive training programs, facilitating smoother adoption and better utilization of BI tools across various business sectors.
Mobile Business Intelligence Market Trends:
Increasing mobile workforce and remote work trends
The expansion of the mobile workforce and the growing trend of remote work are significant drivers of the mobile BI market. As more organizations adopt flexible working models, there is an escalating need for mobile-accessible, real-time data analytics tools. Mobile BI solutions enable employees to access critical business information and perform data analysis on-the-go, enhancing decision-making processes and productivity irrespective of location. This adaptability to remote work environments addresses the changing workplace dynamics, promoting efficiency and responsiveness. The integration of mobile BI into business processes caters to the demands of a technologically adept workforce, fostering a culture of data-driven decision-making across various industries.Advancements in AI and Machine Learning
The incorporation of artificial intelligence (AI) and machine learning (ML) in mobile BI tools is a key factor propelling the market. These technologies enhance the capabilities of mobile BI applications by enabling more sophisticated data analysis, predictive analytics, and personalized data insights. AI and ML algorithms can process vast amounts of data more efficiently than traditional methods, offering deeper insights and more accurate forecasts. This technological progression allows businesses to leverage their data assets more effectively, leading to improved business strategies and competitive advantage. Furthermore, AI-driven mobile BI applications can automate routine data analysis tasks, saving time and resources while allowing employees to focus on more strategic activities.Rise in data volume and variety
The exponential growth in the volume and variety of data being generated by businesses is a crucial driver of the global market. With the proliferation of digital transactions, social media interactions, and IoT devices, organizations are amassing vast amounts of diverse data. Mobile BI tools provide a platform for effectively managing, analyzing, and visualizing this data, enabling businesses to glean actionable insights. The ability to access and interpret this data through mobile devices ensures that decision-makers can remain informed and agile, regardless of their location. This trend underscores the necessity for robust mobile BI solutions capable of handling large data sets and offering comprehensive analytical capabilities to support data-driven decision-making processes.Mobile Business Intelligence Industry Segmentation:
The publisher provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. The report has categorized the market based on solution, deployment mode, enterprise size, application, and end user vertical.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
Sales and marketing management exhibits a clear dominance in the market
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes fraud and security management, sales and marketing management (customer engagement and analysis), predictive asset maintenance, risk and compliance management, supply chain management and operations, and others. According to the report, sales and marketing management accounted for the largest market share.Breakup by End User Vertical:
- BFSI
- IT and Telecommunications
- Healthcare
- Retail
- Government
- Manufacturing
- Others
BFSI dominates the market
The report has provided a detailed breakup and analysis of the market based on the end user vertical. This includes BFSI, IT and telecommunications, healthcare, retail, government, manufacturing, and others. According to the report, BFSI represented the largest segment.Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
North America leads the market, accounting for the largest mobile business intelligence market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market 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.)
- Zoho Corporation Private Limited
Key Questions Answered in This Report
1. What was the size of the global mobile business intelligence market in 2023?2. What is the expected growth rate of the global mobile business intelligence market during 2024-2032?
3. What are the key factors driving the global mobile business intelligence market?
4. What has been the impact of COVID-19 on the global mobile business intelligence market?
5. What is the breakup of the global mobile business intelligence market based on the application?
6. What is the breakup of the global mobile business intelligence market based on the end user vertical?
7. What are the key regions in the global mobile business intelligence market?
8. Who are the key players/companies in the global mobile business intelligence market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Mobile Business Intelligence Market
6 Market Breakup by Solution
7 Market Breakup by Deployment Mode
8 Market Breakup by Enterprise Size
9 Market Breakup by Application
10 Market Breakup by End User Vertical
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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.)
- Zoho Corporation Private Limited
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 13.8 Billion |
| Forecasted Market Value ( USD | $ 51.5 Billion |
| Compound Annual Growth Rate | 15.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
