Global Mobile Business Intelligence Market - Segmented By Solution (Software, Service), Size of Organization (SMEs, Large Enterprises), Deployment (On Cloud, On Premise), End-User Vertical (BFSI, IT and Telecommunications, Healthcare, Retail, Transportation, Government, Manufacturing) and Region - Growth, Trends and Forecast (2018 - 2023)
The mobile business intelligence market has been valued at USD 5.03 billion in 2017 and is expected to register a CAGR of 22.37% during the forecast period (2018 - 2023), to reach USD 17.02 billion by 2023. The report profiles the on cloud and on premise providers of business intelligence software and service for managing business data for SMEs and large organizations.
Business intelligence (BI) solutions are widely deployed in businesses to apply analysis and modelling to large volumes of enterprise data, and produce meaningful reports and visuals summarizing business information. This is used for making insightful decisions regarding the business, market, products, staff and customers. BI is a natural fit for mobile devices. Many workers spend a majority of their time away from their desks and can’t easily access corporate information. Hence, these mobile workers who often need the most up-to-date information need BI to make on-the-spot decisions, monitor operational processes and make efficient use of their time out of the office which drives the market.
Moreover, smartphones and tablet computers are being sold at a rapid pace. Soon, a large swath of employees will have these devices and want to run corporate applications on them, including business intelligence. There has been a significant rise in the mobile device usage coupled with rising internet penetration which is majorly driving the market.
Healthcare Sector Expected to Register a Significant Growth Rate
iOS App Store and Android Market have several health apps which are helpful for healthcare providers. These apps capture results of blood tests, blood glucose readings, X-ray and other medical images as well as medication-related information. Medical devices within the network automatically record patient’s vital parameters and help the physician to schedule lab work, imaging studies, enter billing codes, prescribe medications and schedule follow-up visits. Hence, the healthcare professionals are flocking to iPad-driven mobility schemes as a means to quickly access vital patient information. With these mobile BI tools to analyze patient throughput, improve patient triage flow, improved decisions based on the population of the healthcare organization can be taken letting hospitals provide better patient outcomes.
North America to Account for the Largest Share
North America is a major player in the development and implementation of new technologies. The strength of the North American data economy is evident as it has a vibrant big-data and business analytics oriented startups. The region is also maintaining its dominance in the ICT industry due to the presence of large (and famous) corporations based there like Apple, Facebook, IBM and Google. Moreover, data driven organizations are also on the rise across all industries. The healthcare industry in the country is growing at a rapid pace where many internal and external locations and its level of quality may be unknown.
Moreover, the US government also actively implements mobile BI solutions across its organizations. The companies are also investing significantly in developing suitable solutions. In 2016, Birst introduced Networked BI and Analytics platform that eliminated analytical data silos within U.S. government agencies, including the DoD, and provided a secure platform to improve the speed, alignment, and economics of business intelligence across multiple departments.
Key Developments in the Market
May 2018 - IBM introduced IBM Cognos Dashboard Embedded to address the problem for both developers and end users. IBM Cognos Dashboard Embedded, enables to integrate a dynamic analytics workflow directly into offering. This may take the form of a guided exploration containing pre-created dashboards with one or more visualizations.
May 2018 - TIBCO Software Inc. launched TIBCO Jaspersoft 7, the company's latest version of its embeddable business intelligence (BI) and analytics software. This software introduced a streamlined workflow for designing interactive data visualizations by deeply integrating them into web and mobile-web applications, offering quicker time to market and deployment of embedded analytics. This software also supported support for two TIBCO analytics products: TIBCO Spotfire and TIBCO Data Virtualization. With this new support, users can now leverage data from Spotfire to create reports, dashboards, and visualizations with Jaspersoft.
Major Players: IBM CORPORATION, MICROSOFT CORPORATION, SAP SE, SAS INSTITUTE, MICROSTRATEGY INCORPORATED, ORACLE CORPORATION, TABLEAU SOFTWARE, TIBCO SOFTWARE, QLIKTECH INTERNATIONAL, INFORMATION BUILDERS INC., YELLOWFIN INTERNATIONAL , ZOHO CORPORATION, PHOCAS SOFTWARE, SISENSE and E-ZEST SOLUTIONS LTD., amongst others.
Reasons to Purchase this Report
Impact of growth of big data on the market
Analysis of various perspectives of the market with the help of Porter’s five forces analysis
The segments that are expected to dominate the market
Regional analysis of the market during the forecast period
Latest developments, market shares and strategies employed by the major market players and key innovators
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