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- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
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Key Emerging Trends in the Business Intelligence Market
The BYOD (Bring Your Own Device) concept emerged in 2009 and has since witnessed significant growth, closely linked with the rise of mobile BI (Business Intelligence). Many organizations are grappling with the integration of BYOD with mobile BI, considering factors like access to applications, security, and data loss prevention. Allowing employees to use their personal devices for work purposes can lead to substantial cost savings for companies, eliminating the need to provide corporate mobile devices to a large user base. Employees can access information via corporate Wi-Fi, but challenges arise, such as determining responsibility for data charges when employees are outside the corporate network.
Market Research Future analysis indicates that while some companies have already begun integrating BYOD with Mobile BI, a majority are still in discussions and are expected to adopt these practices in the coming years. Organizations are investing heavily in creating a technological environment that facilitates fast and easy data reporting and analysis. Mobile BI is crucial for delivering real-time data to desired sources. In industries like manufacturing, real-time access to processes is essential for high efficiency. Field workers require real-time data for achieving their goals more effectively.
Real-time reporting supports instant decision-making, a vital aspect of today's business world. It reduces conflicts and saves both time and money. Technologies like Google Analytics Real-Time Reporting API enable companies to view analytics data in real-time, fostering quicker decision-making. The growth of organizations and the widespread adoption of technology and analytical software in business processes help reduce costs and save time. The expansion of the Internet of Things (IoT) is a major factor driving the Mobile BI market. IoT, or Internet of Things, refers to a real environment where objects are connected via the Internet. These intelligent objects can sense the environment and take necessary actions. IoT plays a crucial role in Mobile BI, incorporating concepts like BYOD, Smart Manufacturing, Smart Asset Management, Smart Networking, and Data Storage in organizations.
Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Several advantages to offering Excellent Possibilities |
| Market Dynamics | Big Data and cloud-based computing are key market drivers that propel market expansion. |
Business Intelligence Market Highlights:
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