Press release
Data Visualization Market Size Worth USD 20.16 Billion in 2028 Swot Analysis By Alteryx Inc., InetSoft Technology Corp., Microsoft Corporation, Oracle Corporation, Etc
Data Visualization Market | Emergen Research
The report covers the Data Visualization Market segmentation along with a detailed outline of the Data Visualization market size with regards to volume and valuation. The report provides comprehensive coverage of the Data Visualization market scenario for the current period and forecast timeline of 2021-2028. The Data Visualization market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.
The global data visualization market size is expected to reach USD 20.16 Billion in 2028 and register a revenue CAGR of 10.2% over the forecast period, according to the latest report by Emergen Research. Rapidly increasing demand for cloud computing and growing need for ability to make decisions quickly across various organizations and sectors are key factors driving global data visualization market revenue growth.
Data visualization system refers to graphical representation of data by using various tools and software. Various data visualization tools such as charts, graphs, maps, and others make data more easily understandable. This helps in tracking trends, outliers, and data patterns in more convenient ways, which further helps in accurate decision making. As a result, demand for data visualization is increasing at a rapid rate across various sectors such as Banking, Financial Services, and Insurance (BFSI), Information Technology (IT), education, and others, and the trend is expected to continue over the forecast period.
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The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Data Visualization market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Data Visualization market landscape.
Some Key Highlights from the Report
In August 2019, Salesforce.com, Inc. acquired Tableau Software, LLC. This consolidation has proven to be a major turning point in the data visualization market, which has strengthened the company's analytical capabilities and enabled delivery of AI-driven insights to their customers.
Software segment accounted for a significantly large revenue share in 2020 owing to rapid technological advancements and innovations. Continuous product innovation is boosting demand for data visualization software such as Google charts, Tableau, Datawrapper, and others.
BSFI segment accounted for largest revenue share in 2020 owing to rising demand for data visualization system in this sector. BSFI has to maintain a vast number of databases and data volumes for various purposes. Compilation and integration of such large databases becomes a major challenge, which has been eased with the help of data visualization software and tools. Moreover, launch of new software such as location intelligence software enables banking and insurance companies to analyze their business models more easily and conveniently.
Cloud segment is expected to register significantly faster revenue growth during the forecast period owing to low capital investment requirements and less time consumption. Additionally, cloud systems are easy to deploy, which is boosting preference.
The Data Visualization research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.
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The key companies studied in the report are:
Alteryx Inc., InetSoft Technology Corp., Microsoft Corporation, Oracle Corporation, SAP SE, IBM Corporation, SAS Institute Inc., TIBCO Software Inc., Tableau Software LLC, and Dundas Data Visualization Inc.
Emergen Research has segmented the global data visualization market on the basis of component, deployment, enterprise, end use, and region:
Component Outlook (Revenue, USD Million, 2018-2028)
Software
Standalone Visualization Software
Embedded Data Visualization Module
Solution
Services
Consulting Services
Support Services
Deployment Outlook (Revenue, USD Million, 2018-2028)
Cloud
On-premises
Enterprise Outlook (Revenue, USD Million, 2018-2028)
Small Enterprises
Medium Enterprises
Large Enterprises
End Use Insights Outlook (Revenue, USD Million, 2018-2028)
Banking, Financial Services and Insurance (BFSI)
IT and Telecom
Retail and e-Commerce
Healthcare and Life Sciences
Education
Transportation and Logistics
Government and Public Sector
Other End Uses
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The report addresses the following key points:
The report estimates the expected market size from 2020-2027
The report provides a forecast of market drivers, restraints, and future opportunities for the Data Visualization market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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