Press release
Global Data Visualisation Market Size To Increase At A CAGR Of 9.40% Until 2027
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
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Data Visualisation Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 9.40 %
One of the key drivers fuelling the expansion of the global data visualisation market is the rising adoption of visualisation platforms for software advising and predictive analysis. The desire for interactive and straightforward data projections among organisations is growing, which is boosting the expansion of the global market.
Data visualisation systems are widely used by medium- and large-sized businesses to create customised reports and graphical representations of the data for mobile devices, desktop computers, tablets, and websites. The market is also growing due to the increasing need for interactive dashboards depicting unstructured data that has been collated from email service providers, social media platforms, and various smart devices.
Technology improvements, such as the incorporation of linked devices with virtual reality (VR), artificial intelligence (AI) and cloud computing, are further growth-promoting elements. Organisations can analyse scalable, affordable data through business intelligence (BI) and determine critical performance indicators.
Other elements anticipated to drive the market forward include the expanding usage of data visualisation tools in the retail sector and significant advancements in the worldwide IT infrastructure. The market's expansion is also aided by the industry's abundance of businesses, each of which offers a variety of solutions to meet different corporate demands.
Data Visualisation Market Segmentation
Data visualisation is the depiction of data or information using visual tools such as charts, graphs, and maps, among other formats. It involves spotting trends and patterns with the aid of business intelligence (BI) tools, analytics, scorecards, dashboards, and big data. The technologies provide uniform visualisation, which is essential for identifying and analysing preferences of customer and optimising the flow of demand and supply for both new and existing products.
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Based on deployment type, the market includes:
• Software
o Cloud
o On Premise
• Services
Based on end use, the market is divided into:
• BFSI
• Retail
• Education
• Government
• Manufacturing
• IT and Telecommunication
• Others
The major regional markets include:
• Asia Pacific
• North America
• Latin America
• Europe
• Middle East and Africa
Data Visualisation Market Trends
As the United States is a big market for data visualisation, it is expected that North America will account for a sizeable portion of the industry. Due to the growing volume of data produced by small- and medium-sized businesses, the data visualisation market in the United States is expanding healthily.
Data visualisation applications in North America are being driven by factors including the expansion of big data and the demand for analytics in the retail sector. The need to track data from numerous sources and aggregate it into different data representations is growing in North America, a substantial market for technology-based solutions, as businesses increasingly need to make critical decisions.
Over the course of the forecast, Asia Pacific is anticipated to have the quickest growth in the global market. The Asia Pacific area has experienced a big data boom, as evidenced by rising internet usage, smartphone adoption, fast urbanisation, advances in machine learning, and a demand for consumer and behavioural analytics. These elements have fuelled the expansion of the data visualization sector in the area.
Additionally, expanding IoT usage and a growing trend toward smart industries may result in increased data generation. Data preparation is required due to the size of the created data, and this demand is expected to advance the data visualisation industry.
Key Market Players
The major players in the global data visualisation market report include:
IBM Corporation
Oracle Corporation
SAS Institute Inc.
MicroStrategy Inc.
TIBCO Software Inc.
SAP SE
Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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