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Data Visualization Tools Market to Reach USD 19.5 Billion By 2031, Top Impacting Factors

11-04-2024 11:41 AM CET | IT, New Media & Software

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Data Visualization Tools Market

Data Visualization Tools Market

The global ๐ƒ๐š๐ญ๐š ๐•๐ข๐ฌ๐ฎ๐š๐ฅ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐“๐จ๐จ๐ฅ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ size was valued at $7.4 billion in 2021, and is projected to reach $19.5 billion by 2031, growing at a CAGR of 10.2% from 2022 to 2031. Thriving data analytics industry and high demand for remote management solutions along with the rise in work-from-home activities drives the growth of the global data visualization tools market. Nevertheless, data privacy issues and sharing challenges related to data visualization tools can impede market growth across the globe. However, integrating advanced tools such as machine learning and data analytics with data visualization tools is anticipated to create new growth avenues for the global market.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ (๐†๐ž๐ญ ๐…๐ฎ๐ฅ๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง ๐๐ƒ๐… - 320 ๐๐š๐ ๐ž๐ฌ) ๐š๐ญ: https://www.alliedmarketresearch.com/request-sample/A31335

Data visualization software refers to the use of standard visuals to depict data, such as charts, plots, infographics, and even animations. These information visualizations explain complicated data linkages and data-driven insights in an easy-to-understand manner. Data visualization can be used for a number of objectives, and it is crucial to highlight that it is not limited to data processing teams. Moreover, it is also used by management to communicate organizational structure and hierarchy, and data analysts and data scientists utilize it to identify and explain data patterns and trends.

Based on the offering, the software segment contributed to the highest market share in 2021, accounting for nearly two-thirds of the global data visualization tools market share. Reportedly, this segment is predicted to contribute majorly toward an overall market share in 2031. The growth of the segment over the forecast period can be attributed to the growing need for data processing and analytics in modern business enterprises. However, the service segment is predicted to register the fastest CAGR of nearly 11.5% from 2022 to 2031. The segmental growth over the next ten years can be attributed to the surging large-scale data applications of large enterprises.

๐๐ฎ๐ฒ ๐๐จ๐ฐ & ๐†๐ž๐ญ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐ƒ๐ข๐ฌ๐œ๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ : https://www.alliedmarketresearch.com/data-visualization-tools-market/purchase-options

Region wise, the data visualization tools market was dominated by North America in 2021, and is expected to retain its position during the forecast period, owing to its highly advanced technology sector which is expected to drive the market for data visualization tools within the region during the forecast period. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to its growing digital capabilities and a highly competitive market space, which is expected to fuel the data visualization tools market growth in the region in the coming few years.

In terms of the deployment model, the on-premise segment contributed to the highest market share in 2021, accounting for more than half of the global data visualization tools market share. Reportedly, this segment is predicted to contribute majorly toward an overall market share in 2031. The expansion of this segment over the forecast timeline is due to more secure operations of on-premise data visualization tools. However, the cloud segment is predicted to register the highest CAGR of nearly 10.8% from 2022 to 2031. The segmental surge can be due to the scalable deployment of cloud-based data visualization tools.

๐“๐ก๐ž ๐ค๐ž๐ฒ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ฉ๐ซ๐จ๐Ÿ๐ข๐ฅ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž

๐’๐€๐’ ๐ˆ๐ง๐ฌ๐ญ๐ข๐ญ๐ฎ๐ญ๐ž ๐ˆ๐ง๐œ., ๐’๐ข๐ฌ๐ž๐ง๐ฌ๐ž ๐ˆ๐ง๐œ., ๐ƒ๐จ๐ฆ๐จ, ๐ˆ๐ง๐œ., ๐€๐‹๐“๐„๐‘๐˜๐—, ๐ˆ๐๐‚., ๐Ž๐ซ๐š๐œ๐ฅ๐ž, ๐€๐ฆ๐š๐ณ๐จ๐ง ๐–๐ž๐› ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ, ๐ˆ๐ง๐œ., ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐Œ๐š๐œ๐ก๐ข๐ง๐ž๐ฌ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง, ๐๐ฅ๐ข๐ค๐“๐ž๐œ๐ก ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐€๐, ๐™๐ž๐ ๐š๐ฆ๐ข, ๐†๐จ๐จ๐๐ƒ๐š๐ญ๐š ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง, ๐“๐ˆ๐๐‚๐Ž ๐’๐จ๐Ÿ๐ญ๐ฐ๐š๐ซ๐ž ๐ˆ๐ง๐œ., ๐Š๐ฅ๐ข๐ฉ๐Ÿ๐จ๐ฅ๐ข๐จ ๐ˆ๐ง๐œ., ๐’๐š๐ฅ๐ž๐ฌ๐Ÿ๐จ๐ซ๐œ๐ž, ๐ˆ๐ง๐œ., ๐’๐€๐ ๐’๐„, ๐€๐ฅ๐ข๐›๐š๐›๐š ๐†๐ซ๐จ๐ฎ๐ฉ ๐‡๐จ๐ฅ๐๐ข๐ง๐  ๐‹๐ข๐ฆ๐ข๐ญ๐ž๐, ๐ƒ๐ฎ๐ง๐๐š๐ฌ ๐ƒ๐š๐ญ๐š ๐•๐ข๐ฌ๐ฎ๐š๐ฅ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง, ๐ˆ๐ง๐œ., ๐Œ๐ข๐œ๐ซ๐จ๐ฌ๐จ๐Ÿ๐ญ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง

๐†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ'๐ซ๐ž ๐‘๐ž๐ช๐ฎ๐ข๐ซ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/A31335

KEY FINDINGS OF THE STUDY

By deployment model, the on premise segment accounted for the largest data visualization tools market share in 2021.

By region, North America generated the highest revenue in 2021.

By enterprise size, the large enterprise segment generated the highest revenue in 2021.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A31335

Furthermore, key factors that drive the growth of the data visualization softwaremarket include the growing demand for work from home and remote working policies during the period of the COVID-19 pandemic aided in propelling the growth of the global data analytics and remote management solutions, hence empowering the demand for the data visualization tools industry. However, data privacy and sharing challenges on data visualization tools platforms can hamper the data visualization tools market forecast. On the contrary, the integration of advanced tools such as machine learning and data analytics with data visualization tools solutions suites are expected to offer remunerative opportunities for expansion of the data visualization tools industry during the forecast period.

๐Ž๐ญ๐ก๐ž๐ซ ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

Customer Engagement Solutions Market - https://www.alliedmarketresearch.com/customer-engagement-solutions-market-A25484

Mobile Analytics Market - https://www.alliedmarketresearch.com/mobile-analytics-market

India Access Control Market - https://www.alliedmarketresearch.com/india-access-control-market-A15678

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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