Market Scenario:
As per the research by Market Research Future
Reports (MRFR), the global mobile Business
Intelligence Software Service, is estimated to reach USD 12.44 billion, thriving at a CAGR of 23.29%
during the review period from 2016 to 2022. The high adoption of technology is
the major factor driving the global mobile business intelligence market 2020.
The higher adoption of analytical software into regular business operations has
resulted in the expansion of the market. Besides, the growing size of the
organization has further propelled the expansion of the market. Moreover, there
has been a growing demand for BYOD in the organization. Besides, the demand for
real time reporting has increased, which has resulted in the expansion of the
market at a global level. Business intelligence helps the organization in
gaining efficient methods for daily operations. The BI offers the past,
present, and future status of the business operations. It is an essential asset
for the company's sales force since it offers access to the smallest details to
analyze the sales trends and product improvements.
Moreover,
BI also offers a competitive advantage over competitors. The fast changes in
the business environment and the deployment of information for efficient
management are some of the other reasons for the expansion of the business
intelligence market. However, the lack of expertise and skilled workforce is
the biggest challenge faced by most of the organizations while deploying the
tool and is likely to restrict the expansion of the market. Moreover, the
outbreak of COVID-19, the market has been analyzed again with new
establishments. We will provide COVID-19 impact analysis with the report.
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Segmentation:
The
global BI market can be classified on the basis of business function, services,
end-users, and region.
On
the basis of business function, the global BI market can be classified into IT, HR, Finance,
Operations, Sales, Marketing, and others.
On
the basis of services, the global BI market can be classified into Professional
Services and Managed Services.
On
the basis of end-user, the global BI market can be classified into Healthcare,
Government, Retail & E-commerce, BFSI, IT & Telecommunication,
Manufacturing, and others.
On
the basis of region, the global BI market can be classified into North America,
Europe, Asia-Pacific, and the Rest of the World (RoW).
Competitive Outlook
The forefront players of
the global BI market are SAP SE (Germany), IBM Corporation (U.S.), Microsoft
Corporation (U.S.), Micro Strategy (U.S.), Oracle Corporation (U.S.), SAS
Institute (U.S.), Information Builders (U.S.), Tableau Software (U.S.),
TIBCO Software (U.S.), Qlik, Yellowfin International Pty Ltd. (U.S.), and
others.
Regional
Analysis:
The
geographical analysis of North America, Europe, Asia-Pacific, and the Rest of
the World (RoW) has been conducted. As per the analysis, the global market is
dominated by North America. It is estimated to acquire the largest market share
during the forecast period. The major reason behind the expansion is the
continuous technological evolution in the region and the rising usage of
tablets. Moreover, the early adoption of BI in the region has further fueled
the market. On the other hand, the APAC region is likely to exhibit high-growth
by the end of the forecast period. The region consists of the fastest
developing countries,i.e., China and India. The region is developing at a fast
pace due to the rapid urbanization and industrialization. Moreover, several new
entities are making their path in the market, making the market more
competitive. Furthermore, the evolving technologies' major focus is on
developing mobile applications that propel the market.
However,
the outbreak of COVID-19 has affected several regions and their markets.
Several markets have come to a halt due to the nationwide lockdown being
observed in several
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Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market
Definition
2.2 Scope
of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets
Structure
Continued….
LIST OF TABLES
TABLE 1 GLOBAL BUSINESS INTELLIGENCE
MARKET, TECHNOLOGY
TABLE 2 GLOBAL BUSINESS
INTELLIGENCE MARKET, BY SERVICE
TABLE 3 GLOBAL BUSINESS
INTELLIGENCE MARKET, BY DEPLOYMENT
Continued….
LIST OF FIGURES
FIGURE 1 RESEARCH NETWORK SOLUTION
(%)
FIGURE 2 GLOBAL BUSINESS
INTELLIGENCE MARKET: BY TECHNOLOGY (%)
FIGURE 3 GLOBAL BUSINESS
INTELLIGENCE MARKET: BY SERVICE (%)
Continued….
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