Mobile Business Intelligence (BI)

Mobile Business Intelligence (BI)

Global Mobile Business Intelligence (BI) Market to Reach US$85.7 Billion by 2030

The global market for Mobile Business Intelligence (BI) estimated at US$25.6 Billion in the year 2023, is expected to reach US$85.7 Billion by 2030, growing at a CAGR of 18.8% over the analysis period 2023-2030. Software Component, one of the segments analyzed in the report, is expected to record a 17.2% CAGR and reach US$47.9 Billion by the end of the analysis period. Growth in the Services Component segment is estimated at 21.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$7.2 Billion While China is Forecast to Grow at 18.5% CAGR

The Mobile Business Intelligence (BI) market in the U.S. is estimated at US$7.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.5 Billion by the year 2030 trailing a CAGR of 18.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 16.2% and 15.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR.

Global Mobile Business Intelligence (BI) Market - Key Trends and Drivers Summarized

How Is Mobile Business Intelligence (BI) Revolutionizing Decision-Making on the Go?

Mobile Business Intelligence (BI) allows users to access and analyze business data through mobile devices, enabling real-time decision-making regardless of location. This mobility aspect has made BI more accessible to a broader range of users, from executives and managers to sales teams and field workers. The ability to receive data insights on the go enhances the speed and accuracy of business decisions, thereby improving organizational efficiency and competitiveness. With the growing adoption of mobile devices in the workplace, the mobile BI market is witnessing rapid growth as businesses seek to leverage data analytics capabilities to drive informed decisions. Mobile BI solutions typically come with dashboards, visualizations, and reporting tools optimized for mobile interfaces. The integration of artificial intelligence and machine learning into mobile BI platforms is further enhancing data analytics capabilities by offering predictive insights and automated reporting. As companies increasingly adopt cloud-based data storage and processing, the accessibility and scalability of mobile BI solutions have also improved, making them suitable for organizations of all sizes.

What Technological Advancements Are Driving the Mobile BI Market?

Several technological advancements are fueling the growth of the mobile BI market, including the development of AI-driven analytics, the use of natural language processing, and the integration of augmented reality (AR). AI-driven analytics enables mobile BI platforms to deliver predictive insights and recommendations, allowing users to anticipate business trends and make proactive decisions. Natural language processing allows users to query data using voice commands or conversational text, simplifying the user experience and making data analytics accessible even to non-technical users. Augmented reality is emerging as an innovative feature in mobile BI, enabling users to visualize data within their physical environment. For example, a warehouse manager could use a mobile device to view inventory data overlaid on actual warehouse shelves. The integration of cloud technology is another key trend, as it allows for real-time data synchronization across devices, ensuring that users always have access to the most up-to-date information.

How Do Market Segments Define the Growth of Mobile BI?

Deployment models include cloud-based and on-premises solutions, with cloud-based BI experiencing the highest growth due to its flexibility, scalability, and cost-effectiveness. Industry verticals that are adopting mobile BI include retail, healthcare, financial services, manufacturing, and IT. Retail and healthcare sectors are significant adopters, leveraging mobile BI to improve customer service, track sales performance, and manage supply chains. Regionally, North America dominates the mobile BI market, driven by a high level of technology adoption and the presence of leading BI solution providers. Europe follows, with increased regulatory requirements pushing companies to adopt BI solutions for compliance and data governance. Asia-Pacific is emerging as a high-growth region due to the rapid digitalization of businesses and increased investment in cloud technologies.

What Factors Are Driving the Growth in the Mobile BI Market?

The growth in the mobile BI market is driven by several factors, including the increasing adoption of smartphones and tablets in the workplace, the need for real-time decision-making, and advancements in data analytics technologies. As businesses strive to become more data-driven, the demand for mobile BI solutions is increasing, enabling employees to make data-informed decisions from anywhere. The shift towards cloud-based BI is enhancing accessibility and scalability, allowing organizations to deploy mobile BI solutions with ease. Additionally, the integration of AI and machine learning is providing advanced data analytics capabilities, making mobile BI a powerful tool for business intelligence.

Select Competitors (Total 188 Featured) -

• IBM Corporation
• Information Builders
• Microsoft Corporation
• MicroStrategy
• Oracle Corporation
• Qlik Technologies
• SAP SE
• SAS Institute
• Tableau Software
• TIBCO Software
• Yellowfin International Pty Ltd.

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