Mobile BI Market Statistics 2020: Top Factors that Can Escalate the Industry around the Globe

The Objective of the “Global Mobile BI Market” report is to depict the trends and upcoming for the Mobile BI industry over the forecast years. Mobile BI Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2017 to 2023 mulling over 2016 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.
The global mobile BI market accounted for $4,103 million in 2016 and is expected to grow at a CAGR of 21.6% to reach $15,990 million by 2023. By industry vertical, the BFSI category was the highest contributor in 2016, accounting for around 28.01% of the global mobile BI market.
Increase in number of smartphone users would drive the mobile BI industry growth. The advancement in internet infrastructure and the use of digital media in the developing countries would also be one of the driving factors for the market. Also, the increased mobile internet usage would drive the mobile BI market growth to great extent. Further, significant growth of mobile enterprise application platform (MEAP) helps the key players to invest in the market.
Key players profiled in the mobile BI market include International Business Machines Corporation, SAP SE, Microsoft Corporation, Oracle Corporation, Microstrategy Incorporated, SAS Institute, Tableau Software, Information Builders Inc., Tibco Software Inc., Yellowfin International Pty. Ltd, and Olik Technologies Inc.
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The global mobile BI market is segmented on the basis of regions into North America, Europe, Asia-Pacific, and LAMEA. North America led with the highest market share in 2016. Asia-Pacific is expected to lead the regional mobile BI industry in the coming years due to the high growth rate. The report features a competitive scenario of the mobile BI industry and provides a comprehensive analysis of key growth strategies adopted by major players in the mobile BI industry.
A mobile BI is a software used to store real-time information that can be accessed remotely at any time, anywhere. Increase in the number of mobile internet users drives the mobile BI market significantly.
BFSI is a leading category expected to register the highest market share and is expected to grow at the CAGR of 20.2% during the forecast period due to the penetration of banking in rural areas.
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