Mobile Business Intelligence Market to Grow with a CAGR of 20.19% through 2029
Increasing
adoption of smartphones and tablets by businesses and growing need for
real-time data access and insights are likely to drive the Market in the
forecast period.
According to
TechSci Research report, “Mobile Business Intelligence Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2029”,
the Global Mobile Business Intelligence Market is experiencing a surge in
demand in the forecast period. A key driver propelling the global Mobile
Business Intelligence (BI) market is the widespread proliferation of mobile
devices and advancements in connectivity technologies. The omnipresence of
smartphones and tablets has transformed the way businesses operate, creating a
heightened demand for on-the-go access to critical insights. As these devices
become increasingly integral to professional workflows, the Mobile BI market
responds by providing tailored solutions that empower users to access real-time
analytics seamlessly. The advent of high-speed connectivity, including 4G and
5G networks, further enhances the efficiency of mobile data transmission,
enabling quicker and more responsive decision-making.
This
driver reflects a fundamental shift in how organizations harness data for
strategic purposes. Mobile BI leverages the convenience of mobile devices,
ensuring that decision-makers can access vital information irrespective of
their location. The symbiotic relationship between the growing array of mobile
devices and the advancements in connectivity fosters an environment where
Mobile BI emerges as a pivotal tool for enhancing agility and productivity
across various industry sectors.
A
significant driver shaping the global Mobile Business Intelligence market is
the continuous evolution of user-friendly solutions tailored for diverse skill
sets. Traditionally, BI tools were perceived as complex, requiring specialized
expertise for operation. However, the contemporary landscape witnesses the
emergence of intuitive and accessible Mobile BI solutions designed with
user-friendly interfaces.
This
driver addresses the democratization of data insights, enabling individuals
across different organizational roles to harness the power of business
intelligence without extensive training. User-friendly Mobile BI platforms
empower executives, managers, and frontline employees to generate reports,
analyze data, and derive actionable insights with ease. The emphasis on
simplicity and intuitive design fosters a data-driven culture within
organizations, where decision-makers at various levels can actively engage in
the decision-making process.
The
evolution of user-friendly Mobile BI solutions aligns with the broader trend of
democratizing data within enterprises. As accessibility and usability become
paramount, this driver ensures that Mobile BI platforms cater to a diverse user
base, facilitating informed decision-making across the organizational
hierarchy.
Browse over XX Market
data Figures spread through XX Pages and an in-depth TOC on "Global Mobile Business Intelligence Market.”
The Mobile Business Intelligence Market is segmented across multiple dimensions, including solution, enterprise size, deployment, end-user, and region.
In 2023, the Banking, Financial
Services, and Insurance (BFSI) segment emerged as the dominant force in the
Mobile Business Intelligence Market, and this dominance is anticipated to
persist throughout the forecast period. Several factors contribute to the BFSI
segment's prominence in the market. Firstly, the BFSI industry operates in a
highly competitive and data-driven environment, where timely access to critical
business insights is essential for strategic decision-making, risk management,
and customer engagement. Mobile business intelligence solutions offer BFSI
organizations the ability to access real-time analytics, dashboards, and
reports on their mobile devices, empowering decision-makers to stay informed
and responsive to market dynamics and customer needs. Additionally, the
increasing adoption of digital banking services and mobile banking apps has
further fueled the demand for mobile BI solutions within the BFSI sector, as
financial institutions seek to enhance customer experiences, personalize services,
and drive customer loyalty through data-driven strategies. Moreover, regulatory
requirements and compliance mandates in the BFSI industry necessitate robust
data analytics and reporting capabilities, making mobile BI solutions
indispensable for ensuring transparency, accountability, and regulatory
compliance. Furthermore, the BFSI segment's strong focus on innovation,
technology adoption, and digital transformation initiatives positions it as a
key driver of demand for mobile business intelligence solutions, with continued
investments in mobile analytics expected to fuel the segment's dominance in the
market. As BFSI organizations continue to prioritize agility,
customer-centricity, and operational efficiency, the BFSI segment's dominance
in the Mobile Business Intelligence Market is poised to endure, supported by
ongoing advancements in mobile technology, analytics capabilities, and
industry-specific solutions tailored to the unique needs of financial services
firms.
Major companies
operating in the Global Mobile Business Intelligence Market are:
- Microsoft Corporation
- SAP SE
- Oracle Corporation
- Salesforce Inc.
- QlikTech International AB
- Domo Inc.
- MicroStrategy Incorporated
- Idera Inc.
- IBM Corporation
- SAS Institute Inc.
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“The Global Mobile
Business Intelligence Market is expected to rise in the upcoming years and
register a significant CAGR during the forecast period. The global Mobile Business Intelligence
market is driven by the widespread adoption of mobile devices and advancements
in connectivity. With smartphones and tablets becoming ubiquitous in
professional settings, there is a growing demand for on-the-go access to
critical business insights. The evolution of high-speed connectivity
technologies, including 4G and 5G, enhances data transmission efficiency,
enabling real-time analytics. This dynamic interplay between the increasing
prevalence of mobile devices and improved connectivity positions Mobile
Business Intelligence as a pivotal tool for agile decision-making, ensuring
professionals can access essential data seamlessly, regardless of their
physical location. Therefore, the Market of Mobile Business Intelligence
is expected to boost in the upcoming years.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Mobile Business Intelligence Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Solution
(Software, Service), By Enterprise Size (SMEs, Large Enterprises), By
Deployment (On-Cloud, On-Premise), By End User (BFSI, IT and
Telecommunications, Healthcare, Retail, Government, Manufacturing), By Region,
By Competition, 2019-2029”,
has evaluated the future growth potential of Global Mobile Business
Intelligence Market and provides statistics & information on Market size,
structure and future Market growth. The report intends to provide cutting-edge Market
intelligence and help decision-makers make sound investment decisions., The
report also identifies and analyzes the emerging trends along with essential
drivers, challenges, and opportunities in the Global Mobile Business
Intelligence Market.
Contact
Techsci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States-
10170
Tel: +13322586602
Email: [email protected]
Website: www.techsciresearch.com