The report forecasts the global mobile analytics market to grow at a CAGR of 21.33% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A trend which is sure to boost market growth is the increased focus on BI. Organizations are investing in BI and analytics to improve the decision-making capabilities of enterprises. With the integrated with mobile platforms, analytics solutions have become more comprehensive. BI solutions with analytics are capable of handling a large amount of unstructured data to help identify and analyze the business patterns. In most cases, BI applications collate data from data warehouses, analyze the data, and provide a decision support system.
According to the report, a key growth driver is the frequency of security breaches and cyberattacks. The intensity and frequency of security breaches and cyberattacks have increased considerably. Globally, the incidence of robbery, theft, shoplifting, and terrorist attacks are increasing. In order to control these antisocial activities, government organizations and large enterprises are increasingly adopting mobile solutions. Many regulations are imposed on the use of cloud services to ensure enhanced security and curb antisocial activities. Mobile analytics solutions provide real-time solutions and automatically analyze suspicious events to maximize security and operational efficiency.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?