Mobile BI (Business Intelligence) Market:
The Mobile BI (Business Intelligence) can be defined as the analysis of real-time or historical information on mobile devices. The devices are specifically cell phones or tablets. This analysis enables the user to be productive and consume data anywhere. The Mobile BI industry was valued at approximately USD 5.9 Billion in 2018. As per the 2019-2026 forecast, a sound growth of 22% is anticipated.
With the increase in the number of smartphone users in the world, the demand for BI has been steadily on the rise. IOT is also a factor which has led to the rise in demand. The reason for this is that IOT allows the devices to assess the data and share it over the internet in real-time. This rise in the real-time data flow is the reason for the growth of Mobile BI industry.
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The Mobile BI market has pronounced segmentation on the basis of 3 major domains and further subdomains.
- Predictive asset maintenance
- Risk and compliance management
- Supply chain management and operations
- Sales and Marketing Management
- Fraud and Security Management, others
- Retail & E-commerce
- Energy and utilities
- Government and defence
- Healthcare and Life Sciences
- IT and Telecommunications
- Media and Entertainment, others
- North America
- Asia Pacific
Market Key Player
International Business Machines CORPORATION, Information Builders, Microsoft Corporation, MicroStrategy Incorporated, Oracle Corporation, Sap SE, SAS Institute, Inc., Tableau Software, Tibco Software, Yellowfin International Pty Ltd.
The regional analysis of the Mobile BI industry is considered for regions such as North America, Europe, Asia Pacific and LAMEA along with the rest of the world. North America has the edge over the rest of the world due to the advancements in its manufacturing industry and penetration of high-speed Internet. Areas such as Asia-Pacific are also expected to display tremendous growth due to rising income and more consumer dependency towards mobile devices. The Asia-Pacific region is expected to display the highest CAGR over the 2019-2016 forecast period.
The trend of Mobile BI adoption from small businesses is on the rise. Businesses with less than 100 employees showed the highest adoption rate. This trend is expected to grow in the coming years. The adoption from smaller businesses has shown that size is not a factor while implementing Mobile BI. Gartner, an independent research agency, predicts that by 2019, software’s will predict more analytical information than data scientists worldwide.
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