Visual Analytics Market Size, Share, Trends and Industry Report 2023-2028

How Big Is the Visual Analytics Market?

The global visual analytics market reached a value of US$ 6.5 Billion in 2022. It is projected to reach a value of US$ 18.4 Billion by 2028, exhibiting a CAGR of 17.8% during 2023-2028.

Industry Overview of Visual Analytics Market

Visual analytics is a dynamic field of study that harnesses a variety of processes and tools to delve into datasets by embracing visually engaging representations of the information. This approach seamlessly melds automated methods with interactive human exploration. The realm of visual analytics comes to the forefront in applications characterized by intricate and extensive datasets and analytical procedures. It plays a pivotal role in rendering large or intricate information comprehensible and easily accessible, empowering organizations to steer their decisions based on robust data insights. Through captivating visuals like charts, graphs, and maps, it unveils data patterns, paving the way for actionable insights. As a result, visual analytics permeates diverse sectors, from telecommunications and manufacturing to media and entertainment, revolutionizing data interpretation and informed decision-making.

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Global Industry Trends and Drivers:

The visual analytics market is experiencing robust growth driven by the imperative to streamline security-related tasks. Furthermore, the escalating volume of data stemming from diverse information technology (IT) systems, particularly in financial transactions, is amplifying market expansion. Advanced visualization technologies are gaining traction across enterprises, coupled with a surging demand for analytical tools, thus constituting significant growth catalysts. Additionally, the healthcare sector is witnessing an upswing in the adoption of visual analytics, facilitating the analysis, exploration, and communication of complex healthcare data, thereby enhancing decision-making processes. Infrastructure enhancements, substantial investments in research and development, and the increasing integration of cloud computing, Artificial Intelligence (AI), and Virtual Reality (VR) solutions for consumer preference analysis and product development predictions are poised to drive the visual analytics market in the foreseeable future.

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Key Market Segmentation:

The report provides detailed segmentation of the global visual analytics market based on based on aircraft type, material, propulsion, end use and region.

Component Insights:
• Software
• Service

Service Insights:
• Managed Service
• Professional Service
o Consulting Services
o Deployment and Integration
o Support and Maintenance

Deployment Mode Insights:
• On-premises
• Cloud-based

Enterprise Size Insights:
• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)

Business Function Insights:
• Information Technology (IT)
• Sales and Marketing
• Supply Chain
• Finance
• Human Resources (HR)
• Others

Industry Vertical Insights:
• BFSI
• Telecom and IT
• Retail and Consumer Goods
• Healthcare and Life Sciences
• Manufacturing
• Government and Defense
• Energy and Utilities
• Media and Entertainment
• Transportation and Logistics
• Others

Regional Insights:
• North America
o United States
o Canada
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:

The Major Players in the market are Alteryx Inc., Data Clarity Limited, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Qlik, SAP SE, SAS Institute Inc., Tableau Software LLC (Salesforce Inc.), TIBCO Software Inc., Ubiq, etc.

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This release was published on openPR.