Press release
Data Visualization Market is Estimated to Grow at a CAGR of 8.24% to Reach $13.227 Billion in 2024
According to the report, the data visualization market is projected to expand at an impressive CAGR of 8.24% over the forecast period 2018-2024. The Data Visualization Market is expected to surge during the forecast period due to the growing penetration of tools that can effectively manage, store and process large amounts of data. These tools and techniques are used in different industries like Information Technology, Retail and others. Due to this, the demand by various industries is increasing to better understand and present data in a lucid manner, which is going to boost the market growth. Moreover, the growing concern of industries and businesses to hold a good market share compared to the rivals they are preferring to use such solutions to optimize and better understand the operations, which is contributing to the further growth of the market.
Geographically, Asia-Pacific is expected to hold a significant share in the market due to the rapid industrialization and influx of end-user industries. By the end-user industry, Retail is expected to hold a significant amount of share n the market owing to the increase in the demand for high-quality goods and services throughout the world coupled with the boom in e-commerce. BFSI industry also holds the good potential to increase its market share over the coming years. Furthermore, due to the presence of key players and their participation in the market to encourage the usage of these solutions coupled the efforts to improve the data visualization techniques and solutions will continue to drive the data visualization market in the coming years.
Some of the major players covered as part of the report are IBM, Sisense Inc., TIBCO Software Inc., InfoSoft Global (P) Ltd., TABLEAU SOFTWARE, Datawrapper GmbH, Microsoft, Infogram, Plotlyamong others.
Data visualization market has been segmented as below:
• By Deployment Model
• On-Premise
• Cloud
• By End-User Industry
• Retail
• Media and Entertainment
• BFSI
• Communication and Technology
• Consulting
• Others
• By Geography
• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• United Kingdom
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• Israel
• UAE
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Others
View a sample of the report or purchase complete study https://www.knowledge-sourcing.com/report/data-visualization-market
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on the niche and latest technologies. We engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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