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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.
Ashvin Namde
Research Analyst, ICT at AMR
According to a new report by Allied Market Research, titled, Global Mobile BI Market by Type, Application, Industry Vertical, and Geography: Opportunity and Forecast, 2016-2023, 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, BFSI category was the highest contributor in 2016, accounting for around 28.01% of the global mobile BI market.
Access Full Summary at: https://www.alliedmarketresearch.com/mobile-BI-market
A mobile BI is a software used to store real time information that can be accessed remotely at anytime, anywhere. Increase in 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 penetration of banking in rural areas.
The global mobile BI market is segmented on the basis of regions into North America, Europe, Asia-Pacific, and LAMEA. North America led with highest market share in 2016. Asia-Pacific is expected to lead the regional mobile BI industry in the coming years due to high growth rate. The report features a competitive scenario of the mobile BI industry and provides comprehensive analysis of key growth strategies adopted by major players in mobile BI industry.
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.
Key Findings of the Mobile BI Market:
The gaming category for the mobile BI market accounted for the highest market share in 2016, growing at a CAGR of 20.2% during the forecast period
The U.S. generated the highest revenue in 2016, with $1,208 million
The media and entertainment category is expected to grow at a highest CAGR during the forecast period
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Mobile BI Market By Application (Fraud and Security Management, Sales and Marketing Management (Customer Engagement and Analysis), Predictive Asset Maintenance, Risk and Compliance Management, Supply Chain Management and Operations, Others), By Industry Vertical (BFSI, IT and Telecommunications, Retail and Ecommerce, Healthcare and Life Sciences, Government and Defense, Energy and Utilities, Media and Entertainment, manufacturing, Education, Transportation and Logistics)- Opportunity and Forecast, 2014-2022
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