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Mobile BI Market to Reach $11.13 Billion by 2021: Analysis by Type (Software, Services), Business Function (IT, Finance, Sales, Marketing, Operations, HR), Business Application & Organization Size - Research and Markets

[January 17, 2017]

Mobile BI Market to Reach $11.13 Billion by 2021: Analysis by Type (Software, Services), Business Function (IT, Finance, Sales, Marketing, Operations, HR), Business Application & Organization Size - Research and Markets

Research and Markets has announced the addition of the "Mobile BI Market - Global Forecast to 2021" report to their offering.

The mobile Business Intelligence (BI) market size is expected 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% during the forecast period.

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.

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 relevan 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 anyplace. Therefore, IT is estimated to have the largest market share in 2016 among all business functions.

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