Mobile Analytics Market Technological Advancements, Growth Opportunity and Forecast 2018-2026
Mobile analytics refers to the analysis and
capturing of data from mobile websites, mobile apps, and others. This
analytical tools helps companies to develop business strategies, which is based
on real insights that will help in gaining competitive edge in the market.
Furthermore, mobile analytical tools enables business owners to keep a track of
recent trends that help business owners to take required decisions, thereby
increasing customer engagement. Another feature of mobile analytics is that it
also helps in increasing brand awareness among customers, which will help the
companies to strengthen their foothold in the market.
Increasing number of mobile users and growing
adoption of mobile apps are major factors expected to drive growth of the
market over the forecast period
Increasing penetration of mobile phones
globally is a major factor driving growth of the global mobile analytics
market. For instance, the International Telecommunication Union estimated that
4.30 billion people used mobile phones globally, which was around 58.7% of the
global population. This means that there is a considerable paradigm shift from
website-based revenue models to mobile app-based models. This will help
companies to advertise over mobile devices, as currently, people rely upon
mobile and digital platforms to showcase and sell their products.
Growing concerns relating to security breach
and loss of personal information is expected to hinder the industry growth
Increasing number of fraudulent activities and
security breaches over the past few years has led to major concerns for safety
of personal information and credentials. Although, there is growing utilization
of mobile apps, customer have less confidence, owing to breach of sensitive
information. This is leading to low adoption of such apps. Moreover, some
mobile devices are still working on older versions of operating systems, which
also led to rise in vulnerabilities leading to loss of sensitive data.
Cloud-based mobile analytics segment is
expected to exhibit high growth over the forecast period
Increasing adoption of cloud computing
technology by businesses is expected to be a major factor for growth of the
segment. For instance, according to the CISCO analysis, in 2015, the cloud
traffic was 1891 EB (Exabyte) and is estimated to reach 6844EB (Exabyte) by
2020. The adoption of cloud technology will help minimizing investments used
for the maintenance of IT infrastructure and usage of data warehouse for
storing data. Thus, demand for cloud-based mobile analytics will provide a
growth opportunity to the market.
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Global Mobile Analytics Market: Regional
Insights
On the basis of geography, the global mobile
analytics market is segmented into North America, Europe, Asia Pacific, Latin
America, Africa, and Middle East. North America accounted for the highest
revenue share in 2016 in the global mobile analytics market. Early adoption of
new technology and increasing penetration of smartphones are the major factors
driving growth of the market. For instance, according to Coherent Market
Insights in 2014, there were around 59% of smartphone users in America, which
increased up to 77% in 2016. Thus, increasing smartphone users in North America
is a factor leading to increasing demand for mobile analytics in North America.
However, Asia Pacific is expected to exhibit the highest growth rate for mobile
analytics market during the forecast period. The region is expected to witness
the highest growth, due to increasing number of tablets and smartphones users
across countries such as India, China, and Indonesia. According to
International Telecommunication Union (ITU), the number of smartphone users in
China is estimated to increase to around 675 million by 2019, which is expected
to aid in growth of the market.
Global Mobile Analytics Market: Competitive
Background
Key players in the global mobile analytics
market include Yahoo Inc., IBM Corporation, Mixpanel Inc., Crittercism Inc.,
Google Inc., Upsight Inc., Webtrends Inc., Amazon Web Services Inc., Adobe
Systems Inc., and Netbiscuits Inc.
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