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Global mobile Business Intelligence (BI) market to grow from USD 4.08 billion in 2016 to USD 11.13 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 22.2%.
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The key players in the Mobile BI Market include –
IBM Corporation (U.S.)
SAP SE (Germany)
Microsoft Corporation (U.S.)
Oracle Corporation (U.S.)
Micro Strategy (U.S.)
SAS Institute (U.S.)
Tableau Software (U.S.)
Information Builders (U.S.)
TIBCO Software (U.S.)
Yellowfin International Pty Ltd. (U.S.)
Qlik Technologies (U.S.)
The mobile BI market revenue is primarily classified into revenues from software and services. Software’s revenue is associated with stand-alone software offerings while services’ revenue is associated with managed services and professional services.
The professional services comprise deployment & integration, support & maintenance, and consulting services. The market is also segmented on the basis of business functions, applications, deployment models, industry verticals, and regions.
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global mobile Business Intelligence (BI) market to grow from USD 4.08 billion in 2016 to USD 11.13 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 22.2%. The mobile BI market is growing rapidly because of the transition from traditional BI techniques to advanced BI and analytics techniques, which can be managed and utilized from anyplace at any time, and the massive surge in the Bring Your Own Device (BYOD) trend across industry verticals.
Factors such as difficulty in identifying durable return on investment and lack of sustainable data governance process are expected to limit the market growth.
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Organizations are evolving their Information Technology (IT) monitoring tools to gain more visibility into the new complexity. With the right solution, one can detect patterns early to predict issues before they arise.
Mobile BI allows big data from IT to be converted into relevant and actionable insights for a quick problem resolution. It enables the organizations to extract insights from key operational data types, such as log files, performance metrics, events, and trouble tickets, so that they can proactively avoid outages, achieve faster mean time to repair, and realize cost savings through greater operational efficiency from any place.
Therefore, IT is estimated to have the largest market share in 2016 among all business functions.
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