Mobile BI Market Size

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.

Frequently Asked Questions (FAQ)

Growing demand for remote access to data amongst business organizations is a major growth factor for the market.

The market is anticipated to attain a CAGR of ~25% over the forecast period, i.e., 2022 â€“ 2030.

Security concerns, and network issues are estimated to hamper the market growth.

The market in the Asia Pacific region is estimated to witness highest growth during the forecast period owing to the growing digitalization and technological advancement in the region.

The major players in the market are Microsoft Corporation, SAP SE, Oracle Corporation, MicroStrategy Incorporated, SAS Institute, Tableau Software, Information Builders, and others.

Mobile BI Market Size