Mobile BI Market Research Report by Forecast to 2022
Posted by Kiran on February 18th, 2020
Mobile BI Market Highlights:
The Mobile Business Intelligence market or Mobile BI market is a rapidly growing market that is gaining more and more popularity in the tech landscape. The growth of the technology is recognized by Market Research Future (MRFR) and a study has been conducted to ascertain a precise evaluation of the market.
The study states that the market is expected to grow at a compound annual pace of 23.9% during the forecast period between 2016 and 2022. The mobile business intelligence market is further forecasted to garner an estimated valuation of USD 12.44 billion by the end of the forecast period in 2022.
Some of the key factors identified as the drivers of the global market are the changing consumer behavioral pattern and the rapid-paced change in the technological landscape. The widespread application of Mobile BI across different industries and its high usability, features, and abilities acts out as a key driver behind the increasing adoption of the product. Additionally, the increasing and expanding sizes of organizations across the world, the high rate of adoption of analytical technology, and the ability of mobile business intelligence technology in increasing the time and cost-efficiency is also projected to be a major driver of the market during the assessment period.
Access Report Details @https://www.marketresearchfuture.com/reports/mobile-bi-market-2364
The global mobile BI market comprises numerous key players, namely Qlik, SAP SE, Tableau Software, Micro Strategy, TIBCO Software, SAS Institute, Information Builders, IBM Corporation, Microsoft Corporation, Yellowfin International Pty Ltd., Oracle Corporation, and others.
These players identified by MRFR as some of the key contributors in the global market come up with new innovations and developments to rise past their competition and maintain their standings. An in-depth profiling and study of the market was undertaken to grab hold of these mentioned names.
The global mobile BI market is geographically distributed across the following regions: Europe, Asia Pacific, North America, and the Rest of the World (RoW).
The North American regional market stands atop of the mountain with the highest share percentage. The region is even expected to proliferate in the coming years and continue leading the global mobile BI market standings. MRFR identifies the reason behind the growth of the market to be the high concentration of market players herein. The market players significantly contribute to the overall growth of the region with their continuous developments and investments in research and development activities. Aside from this, the inclusion of various developed economies like the US and Canada is another key factor contributing to the growth of the regional market. Both the countries hold a massive share of the market and is expected to significantly contribute to the expanding growth of the region.
The North American region, especially in the developed countries herein, have an inclination or affinity towards adopting the latest technologies and bringing forward new advancements. This significantly helps the region to stand out globally as a leader. Furthermore, the growing trend of owning more than one cellular device is another key factor contributing to the growth of the regional market. It is also worth pointing out that the technology, Mobile BI, was initially incepted in the North Americas, thereby supporting the positioning of the region.
The global mobile BI market segmentation is based upon the following dynamics: business function, services, and end-users.
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About the AuthorKiran
Joined: October 18th, 2019
Articles Posted: 184
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