Data visualization is driving a change toward analytically driven businesses, where clients may review data in a variety of graphical representations that were previously only available in tabular reports. The data visualization industry is expected to grow due to the rising use of data visualization in small and medium enterprises (SMEs).
Various factors such as the growing demand for an interactive view of data for faster business decisions and increasing developments in Augmented Reality (AR) and Virtual Reality (VR) to enable the interaction of companies with data in 3D formats, are expected to drive the demand for data visualization tools. Data collected from E-commerce and social media websites is unstructured and difficult to analyze for the businesses. So these business organizations are increasingly using data visualization technology to plan their operations and forecast their forthcoming product launch or strategy in order to get structured data analysis and market insights. Data visualization tools are used in the cloud enable companies to conduct data analysis in a cost-effective and scalable manner. Through Business Intelligence (BI), organizations can discover business drivers and Key Performance Indicators (KPIs). Companies may use data visualization tools to remove superfluous data and identify patterns, insights, trends, and utilization strategies, allowing them to influence their data. For instance, banks can look at how online consumers arrived at the application page, which can help them figure out how to attract more customers. By using data visualization techniques, companies may get useful insights.
Factors such as a lack of expertise and funding, as well as a lack of technical capabilities for report development, are impeding the global data visualization tools market growth.
Market Dynamics:
Various factors such as the growing demand for an interactive view of data for faster business decisions and increasing developments in Augmented Reality (AR) and Virtual Reality (VR) to enable the interaction of companies with data in 3D formats, are expected to drive the demand for data visualization tools. Data collected from E-commerce and social media websites is unstructured and difficult to analyze for the businesses. So these business organizations are increasingly using data visualization technology to plan their operations and forecast their forthcoming product launch or strategy in order to get structured data analysis and market insights. Data visualization tools are used in the cloud enable companies to conduct data analysis in a cost-effective and scalable manner. Through Business Intelligence (BI), organizations can discover business drivers and Key Performance Indicators (KPIs). Companies may use data visualization tools to remove superfluous data and identify patterns, insights, trends, and utilization strategies, allowing them to influence their data. For instance, banks can look at how online consumers arrived at the application page, which can help them figure out how to attract more customers. By using data visualization techniques, companies may get useful insights.
Factors such as a lack of expertise and funding, as well as a lack of technical capabilities for report development, are impeding the global data visualization tools market growth.
Key features of the study:
- This report is a comprehensive and in-depth research of the global data visualization tools market, with an emphasis on global market trend analysis
- The report's goal is to give clients a high-level overview of the global data visualization tools market, as well as extensive market segmentation by deployment, tool, organization size End Use Vertical and geography. During the projected period, the global data visualization tools market is predicted to rise rapidly.
- The research covers major trends and opportunities in the global data visualization tools market, as well as critical information on the market position of the major global data visualization tools market companies.
- This report includes market size and forecast estimates for five major regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America, from 2020 to 2028. The global data visualization tools market is further segmented by nations and segments in each region.
- The study explores demand and supply side factors driving the global data visualization tools market, as well as key dynamics impacting the market throughout the projected period, such as drivers, restraints, opportunities, and future trends.
- With the increased demand for global data visualization tools market in the worldwide industry, key participants in the global data visualization tools market are expected to benefit from attractive growth prospects in the future.
- Companies covered as a part of this study include Tableau Software Inc., SAP SE, IBM, Oracle Corporation, Microsoft Corporation, AWS, Sisense, Dundas Data Visualization Inc., TIBCO Software Inc., Qlik, GoodData, Domo, Klipfolio, Datafay, Whatagraph, Databox, Datapine, Alteryx, SAS Institute Inc., Alibaba Cloud, and MATLAB.
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
Detailed Segmentation:
Global Data Visualization Tools Market, By Deployment:
- On-premise
- Cloud
Global Data Visualization Tools Market, By Tool:
- Standalone
- Integrated
Global Data Visualization Tools Market, By Organization Size:
- Large Enterprises
- Small and Medium Enterprises (SMEs)
Global Data Visualization Tools Market, By End Use Vertical:
- BFSI
- IT and Telecom
- Retail and E-commerce
- Healthcare
- Manufacturing
- Government
- Others
Company Profiles:
- Tableau Software Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/ Updates
- SAP SE
- IBM
- Oracle Corporation
- Microsoft Corporation
- AWS
- Sisense
- Dundas Data Visualization Inc.
- TIBCO Software Inc.
- Qlik
- GoodData
- Domo
- Klipfolio
- Datafay
- Whatagraph
- Databox
- Datapine
- Alteryx
- SAS Institute Inc.
- Alibaba Cloud
- MATLAB
Frequently Asked Questions about the Data Visualization Tools Market
What is the estimated value of the Data Visualization Tools Market?
What is the growth rate of the Data Visualization Tools Market?
What is the forecasted size of the Data Visualization Tools Market?
Who are the key companies in the Data Visualization Tools Market?
Report Attribute | Details |
---|---|
No. of Pages | 150 |
Published | September 2021 |
Forecast Period | 2020 - 2028 |
Estimated Market Value ( USD
| USD 5.1 Billion |
Forecasted Market Value ( USD
| USD 11.6 Billion |
Compound Annual Growth Rate | 10.8% |
Regions Covered | Global |
Table of Contents
1. Research Objectives and Assumptions
2. Market Purview
3. Market Dynamics, Regulations, and Trends Analysis
4. Global Data Visualization Tools Market, By Deployment, 2017-2028 (US$ Million)
5. Global Data Visualization Tools Market, By Tool, 2017-2028 (US$ Million)
6. Global Data Visualization Tools Market, By Organization Size, 2017-2028 (US$ Million)
7. Global Data Visualization Tools Market, By End Use Vertical, 2017-2028 (US$ Million)
8. Global Data Visualization Tools Market, By Region, 2017-2028 (US$ Million)
9. Competitive Landscape
10. Section
Companies Mentioned
A selection of companies mentioned in this report includes:
- Tableau Software Inc.
- SAP SE
- IBM
- Oracle Corporation
- Microsoft Corporation
- AWS
- Sisense
- Dundas Data Visualization Inc.
- TIBCO Software Inc.
- Qlik
- GoodData
- Domo
- Klipfolio
- Datafay
- Whatagraph
- Databox
- Datapine
- Alteryx
- SAS Institute Inc.
- Alibaba Cloud
- MATLAB