Press release
Data Visualization Market Size, Analysis By Segmentation And Geography Overview
The global data visualization market size is projected to showcase significant growth on account of the increasing inclination towards visual analytics, scientific visualization, and information visualization by various small and large enterprises. Data visualization is the presentation of information or data in a graphical format and the tools used here help to layout the data in an accessible way and for better understanding statistics, graphs, and outliners.
A recently published report by Fortune Business Insights, titled, "Data Visualization Market Size, Share and Industry Analysis, By Component (Software, Services), By Solution (Standalone Visualization Software, Embedded Data Visualization Module), By Enterprise Size (Small Enterprises, Medium Enterprises, and Large Enterprises), By Industry (BFSI, Construction and Real Estate, Consumer Goods, Education, Government, Healthcare and Pharmaceuticals, Information Technology, Services and Telecommunications, Research, Retail and E-commerce, Transportation and Logistics, and Others) and Geography Forecast, 2020 - 2027," states the value of the market stood at USD 8.85 billion in 2019 and is likely to rise at a CAGR of 10.2%, thereby reaching USD 19.20 billion by the end of 2027.
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Companies Profiled in the Global Data Visualization Market:
• Alteryx, Inc. (California, United States)
• Visually, Inc. (California, United States)
• Adaptive Insights (Subsidiary of Workday, Inc.) (California, United States)
• SAP SE (Walldorf, Germany)
• Dundas Data Visualization, Inc. (Toronto, Canada)
• IBM Corporation (New York, United States)
• Domo, Inc. (Utah, United States)
• Microsoft Corporation (Washington, United States)
• QlikTech International AB (Pennsylvania, United States)
• Highsoft AS (Sogn, Norway)
• Looker Data Sciences, Inc. (California, United States)
• ChartBlocks Ltd. (New York, United States)
• Tableau Software, LLC (California, United States)
• Cluvio GmbH (Berlin, Germany)
• Sisense, Inc. (New York, United States)
• Other vendors
Drivers & Restraints
Increasing Adoption from Retail and E-commerce Industries will Augment Growth
Data visualization helps to identify the inter-relation between multi-dimensional sets of data and provide practical features for interpreting them. Therefore, most of the small, medium, and large enterprises are adopting these tools for scrutinizing the customer buying and other business operational patterns to forecast their future sale strategies accordingly. This acts as a significant factor in promoting the data visualization market growth. Additionally, the increasing acceptance of such platforms for software advisory and predictive analysis is also set to aid in the expansion of the market in the forecast period.
On the contrary, the high cost of installing such tools may pose a significant drawback to the market in terms of revenue generation. This, coupled with the lack of centralized data security, may restrict the growth of the market.
Nevertheless, adoption of the Internet of Things (IoT) and artificial intelligence (AI) technologies are likely to result in a massive data pool for both unstructured and structured data, thereby creating better growth opportunities for the market in the coming years.
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Key Benefits to Purchase Data Visualization Market Report:
• Major countries in each region are mapped according to individual Data Visualization Market revenue.
• Comprehensive analysis of factors that drive and restrict the market growth is provided.
• The report includes an in-depth analysis of current research and clinical developments within the market.
• Key players and their key developments in the recent years are listed.
Global Data Visualization Market, by Regions:
• 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 etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Major Points Covered in TOC:
Overview: Along with an expansive outline of the worldwide Data Visualization Market, this segment gives an outline of the report to give a thought regarding the nature and substance of the examination study.
Analysis of Strategies of Leading Players: Market players can use this analysis to gain a competitive advantage over their competitors in the Data Visualization Market.
Study on Key Market Trends: This piece of the report offers a more significant assessment of the latest and future examples of the market.
Market Forecasts: Buyers of this report will approach precise and approved evaluations of the all market size as far as worth and volume. The report additionally gives utilization, creation, deals, and different conjectures for the Data Visualization Market.
Local Growth Analysis: All critical regions and countries have been covered in the report. The neighborhood examination will help with elevating players to exploit dismissed common business areas, prepare express philosophies for target regions, and contemplate the improvement of each and every regional market.
Segmental Analysis: The report gives precise and solid conjectures of the piece of the pie of significant portions of the Data Visualization Market. Market members can utilize this examination to make key interests in key development pockets of the market.
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