Visual Analytics Market is Estimated to Reach USD 12.38 Billion by 2026 | SAP SE, IBM, Tableau Software, TIBCO Software

The visual analytics market is expected to reach USD 12.38 Billion by 2026, according to a new report by Reports and Data. Visual Analytics is interpreted as the ability of analytical reasoning supported by interactive visual interfaces. It can be regarded as a merged approach incorporating human factors, data analysis, and visualization.

The market in the APAC region is expected to witness the highest CAGR of 20.3% during the forecast period. The Asia-Pacific region is supposed to witness growth in the market with emerging countries like Singapore, China, Japan, and India that are investing in technology hugely coupled with the presence of several manufacturing enterprises which are further expected to expand the market growth.

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The research study examines the Visual Analytics Market and the impact of COVID-19 observed on the overall sector. The pandemic has affected the global industry extensively. The current changes in the business setting and the future effects of the outbreak are assessed in the report.

The emerging and present key participants in the Visual Analytics market are:

Microsoft Corporation, Oracle Corporation, Qilik, Alteryx, SAP SE, IBM, Tableau Software, TIBCO Software, Microstrategy, SAS Institute

Profitability scope and Prospects

The key participants who have shown tremendous growth in the Visual Analytics market have been included in the report. In the report, data from 2016 to 2018, shows that some of the companies have shown enormous sales revenues, with the net revenue being doubled and the profits continually increasing. The profitability of the products being sold by the company indicates the influence and competitive advantage these companies have over the others.

For the purpose of this report, Reports and Data have segmented into the global Visual Analytics market on the basis of pipeline stages, deployment type, organization size, component, industry vertical, and region:

Deployment Outlook (Revenue, USD Million; 2016-2026)

On-Premise
Cloud

Component Outlook (Revenue, USD Million; 2016-2026)

Software
Services

Application Outlook (Revenue, USD Million; 2016-2026)

BFSI
Transportation and logistics
IT & Telecommunications
Retail and Consumer goods
Others

Function Outlook (Revenue, USD Million; 2016-2026)

IT
Sales and marketing
Supply chain
Finance
HR
Others

Organization size Outlook (Revenue, USD Million; 2016-2026)

Large Enterprises
Small & Medium Enterprises (SMEs)

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Industry Vertical Outlook (Revenue, USD Billion; 2016-2026)

Banking, Financial Services, and Insurance (BFSI)
Retail and Consumer Goods
Healthcare
Manufacturing
Telecom and IT
Education
Media and Entertainment
Others

Regional Outlook (Revenue in USD Million; 2016–2026)

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)

Further key findings from the report suggest

-The Visual Analytics Market is estimated to reach USD 12.38 Billion by 2026, at a CAGR of 19.9% during the forecast period.

-The software component accounted for a larger share of 61.1% of the market in 2018.

-The cloud deployment is anticipated to grow at a higher rate of 20.4% during the forecast period.

-The transportation and logistics application segment is anticipated to grow at the highest rate of 20.1% during the forecast period.

-The Small & Medium Enterprises (SMEs) organization is anticipated to grow at a higher rate of 20.0% during the forecast period.

-North America region accounted for the largest share of 31.3% of the market in 2018. The booming IT industry in the region and the emergence of IoT, cloud, and big data will generate further opportunities for visual analytics. Furthermore, Data accuracy has become the central focus of robust visual analytics due to which the market demand has grown significantly.

-Various players are developing strategies to mark their presence in the industry.

-Zoomdata, a visual analytics platform provider, joined the partnership with Teradata in September 2016. The partnership allows customers to leverage a shared Teradata environment with a single, centralized visual analytics front end.

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Objectives of the study:

Our panel of expert analysts specializing in the value chain has conducted an exhaustive, industry-wide study to offer readers accurate insights into the future of the Visual Analytics market and give key market players authentic information derived via both primary and secondary sources of data collection. Additionally, the report also comprises of inputs from our consultants, which can help companies make the most of the available market opportunities. It also offers a detailed breakdown of the sales of Visual Analytics and the factors that could potentially influence the growth of the industry. The information provided in this report will be able to help readers capitalize on the available growth.

The Visual Analytics report addresses the following questions:

>Understand the demand for global Visual Analytics to determine the viability of the market.

>Identify the developed and emerging markets where Visual Analytics are offered.

>Identify the challenge areas and address them.

>Develop strategies based on the drivers, trends and highlights for each of the segments.

>Evaluate the value chain to determine the workflow and to get an idea of the current position where you are placed.

>Recognize the key competitors of this market and respond accordingly.

>Knowledge of the initiatives and growth strategies taken up by the major companies and decide on the direction for further growth.

>Define the competitive positioning by comparing the products and services with the key players in the market.

The full version of this report is available @ https://www.reportsanddata.com/report-detail/visual-analytics-market

Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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This release was published on openPR.