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Visual Analytics Market Witness the Growth of $6.51 Billion by 2022

09-28-2020 02:57 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

According to a research report "Visual Analytics Market by Component (Software and Services), Business Function (IT, Sales and Marketing, Finance, Supply Chain, and HR), Deployment Model (On-Demand and On-Premise), Organization Size, Industry, and Region - Global Forecast to 2022", The visual analytics market is expected to grow from USD 2.57 Billion in 2017 to USD 6.51 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 20.4%. The major factors driving the visual analytics market are the rapid growth in volume and variety of business data, growing need for data-driven decision-making, and increasing demand for advanced analytics. The visual analytics market is growing rapidly because of the transformation from the traditional analytical techniques for analyzing business data to the advanced techniques and due to the massive surge of the flowing business data.

Browse 74 Market Data Tables and 44 Figures spread through 150 Pages and in-depth TOC on "Visual Analytics Market - Global Forecast to 2022"

View detailed Table of Content here: https://www.marketsandmarkets.com/Market-Reports/visual-analytics-market-147932448.html

IT business function is expected to grow at the highest CAGR

Visual analytics software and services are used for various business functions, which include Information Technology (IT), sales and marketing, finance, supply chain, Human Resource (HR), and others (product management and shop floor). The IT business function is expected to witness the highest CAGR during the forecast period because of the increasing need for IT departments across industries, to have access to real-time analytics on Key Performance Indicators (KPIs) and the visualization of the percentage of helpdesk ticket requests resolved in the agreed time-frame to assess the success of on-going support.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=147932448

Transportation and logistics industry is expected to have the highest growth rate during the forecast period

Visual analytics solutions have been deployed across various industries, including Banking, Financial Services, and Insurance (BFSI); telecom and IT; retail and consumer goods; manufacturing; healthcare and life sciences; energy and utilities; transportation and logistics; media and entertainment; government and defense; and others (travel and hospitality, education, and eCommerce). The transportation and logistics industry is expected to witness the highest CAGR during the forecast period because of the increasing need for managing the real-time data coming from various transportation and logistics activities, such as the vehicle’s schedule analysis and route analysis, based on the transportation and logistics activities conducted.

North America is expected to dominate the visual analytics market during the forecast period

North America is expected to hold the largest share of the visual analytics market in 2017, due to the technological advancements and early adoption of analytical solutions in this region. The market size in Asia Pacific (APAC) is expected to grow at the highest CAGR from 2017 to 2022. The primary driving factors for this growth are the increasing technological adoption and huge opportunities across industries in the APAC countries, especially in India, China, and Japan.

Speak To Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=147932448

The report also encompasses different strategies, such as mergers and acquisitions, partnerships and collaborations, and product upgradations, adopted by the major players to increase their shares in the market. Some of the major technology vendors include IBM (US), Oracle (US), SAP (Germany), SAS Institute (US), Tableau Software (US), Microsoft (US), MicroStrategy (US), TIBCO Software (US), Qlik (US), and Alteryx (US).

Contact:
Mr. Aashish Mehra.
MarketsandMarkets™ INC.
630 Dundee Road, Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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