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DUBLIN--(BUSINESS WIRE)--Dec 1, 2022--
The "Mobile Business Intelligence Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global mobile business intelligence market reached a value of US$ 9.81 Billion in 2021. Looking forward, the market is set to reach a value of US$ 28.86 Billion by 2027, exhibiting a CAGR of 19.7% during 2021-2027.
Mobile business intelligence (MBI) refers to the ability to compute business and data analytics services to remote users via mobile or handheld devices. With limited computing capacity and built-in messaging functionality, MBI allows users to operate the same or similar features and processes as that of a desktop-based software solution.
MBI solutions built to support mobile communication are generally equipped with complex functionalities, thereby allowing instant transfer of images, voice, or videos. They also enable executives to collaborate and provide greater value from collaboration during data analysis.
As mobile usage in business applications is increasing every day, several cloud and on-premises providers of business intelligence software and services are shifting to mobile-based solutions for managing data for organizations handling large volumes of enterprise data and producing meaningful reports and business information summary visualization.
Mobile Business Intelligence Market Trends:
The market is primarily driven by the rising demand for big data analytics in making critical business decisions within a compressed timeframe.
This is also supported by the steady advancements in technology and the increasing acceptance of the bring your own devices (BYOD) trend across enterprises. Significant investments in both public and private sectors for the deployment of MBIs are contributing to the market growth.
Moreover, the widespread integration of the internet of things (IoT) that allows mobile devices to communicate, analyze, and share data via cloud-based software platforms and networks is anticipated to provide a thrust to the amount of data generated, thus increasing the deployment of MBI tools.
Furthermore, the escalating sales of mobile phones and wearable devices, proliferating e-commerce platforms and rapid automation in the banking sector are also creating a positive outlook for the market.
Key Questions Answered in This Report:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
Key Market Segmentation:
Breakup by Solution:
Breakup by Deployment Mode:
Breakup by Enterprise Size:
Breakup by Application:
Breakup by End User Vertical:
Breakup by Region:
For more information about this report visit https://www.researchandmarkets.com/r/i5jslx
View source version on businesswire.com:https://www.businesswire.com/news/home/20221201005882/en/
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KEYWORD:
INDUSTRY KEYWORD: DATA MANAGEMENT IOT (INTERNET OF THINGS) TECHNOLOGY MOBILE/WIRELESS SOFTWARE INTERNET
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 12/01/2022 12:43 PM/DISC: 12/01/2022 12:43 PM
http://www.businesswire.com/news/home/20221201005882/en