Mobile BI Market size was over USD 11.69 billion in 2023 and is poised to exceed USD 119.76 billion by the end of 2036, growing at over 19.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of mobile BI is estimated at USD 13.52 billion.
The growth of the mobile BI market can be attributed to the increasing demand for accessing data remotely amongst business organizations. Using mobile BI, large data can be accessed on a go, which is estimated to drive the market growth. Increasing integration of advanced technology in business sector, rising adoption of mobile enterprise application platform (MEAP), and proliferation of in-memory computing are projected to boost the market growth. The mobile application was a USD 600 billion industry, in 2020. Moreover, the growing scale of businesses globally, with large volumes of big data, resulted in increased dependence on technology. Mobile BI technology also protects the data from security threats, and frauds. Various advantages of mobile BI, including, fraud detection, asset management, risk analysis, and others.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
19.6% |
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Base Year Market Size (2023) |
USD 11.69 billion |
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Forecast Year Market Size (2036) |
USD 119.76 billion |
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Regional Scope |
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The mobile BI market is segmented by application into fraud management, sales and marketing, risk management, supply chain management, and others, out of which, the fraud management segment is anticipated to hold the notable share in the market on account of increasing cases of security threats and privacy breach. According to statistics by the Federal Trade Commission (FTC), total losses caused by identity theft cases amounted to USD 502.5 billion in 2019, which increased by 42% to USD 712.4 billion in 2020.
Our in-depth analysis of the global market includes the following segments
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By Type |
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By Application |
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By End-User
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North America Market Statistics
On the basis of geographical analysis, the global mobile BI market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is expected to dominate majority revenue share by 2036, propelled by technological advancement, adoption of latest technology, and rising BYOP trend in workplaces. Moreover, growing work from home culture, due to the COVID-19 pandemic is another growth factor for the market.
The mobile BI market in the Asia Pacific region is estimated to witness growth with highest CAGR over the forecast period, on the back of growing technological development, increasing investment in the local market by international players, creating massive growth opportunity, and rapid advancement in smartphone features.
Author Credits: Abhishek Verma
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