Press release
Data Visualization Tools Market to Reach USD 19.5 Billion By 2031, Top Impacting Factors
The global ๐๐๐ญ๐ ๐๐ข๐ฌ๐ฎ๐๐ฅ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐จ๐จ๐ฅ๐ฌ ๐๐๐ซ๐ค๐๐ญ 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.๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ (๐๐๐ญ ๐ ๐ฎ๐ฅ๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง ๐๐๐ - 320 ๐๐๐ ๐๐ฌ) ๐๐ญ: 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.
๐๐ฎ๐ฒ ๐๐จ๐ฐ & ๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ : 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.
๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐
๐๐๐ ๐๐ง๐ฌ๐ญ๐ข๐ญ๐ฎ๐ญ๐ ๐๐ง๐., ๐๐ข๐ฌ๐๐ง๐ฌ๐ ๐๐ง๐., ๐๐จ๐ฆ๐จ, ๐๐ง๐., ๐๐๐๐๐๐๐, ๐๐๐., ๐๐ซ๐๐๐ฅ๐, ๐๐ฆ๐๐ณ๐จ๐ง ๐๐๐ ๐๐๐ซ๐ฏ๐ข๐๐๐ฌ, ๐๐ง๐., ๐๐ง๐ญ๐๐ซ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐๐๐ก๐ข๐ง๐๐ฌ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐ฅ๐ข๐ค๐๐๐๐ก ๐๐ง๐ญ๐๐ซ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐, ๐๐๐ ๐๐ฆ๐ข, ๐๐จ๐จ๐๐๐๐ญ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐๐๐๐ ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ ๐๐ง๐., ๐๐ฅ๐ข๐ฉ๐๐จ๐ฅ๐ข๐จ ๐๐ง๐., ๐๐๐ฅ๐๐ฌ๐๐จ๐ซ๐๐, ๐๐ง๐., ๐๐๐ ๐๐, ๐๐ฅ๐ข๐๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ ๐๐จ๐ฅ๐๐ข๐ง๐ ๐๐ข๐ฆ๐ข๐ญ๐๐, ๐๐ฎ๐ง๐๐๐ฌ ๐๐๐ญ๐ ๐๐ข๐ฌ๐ฎ๐๐ฅ๐ข๐ณ๐๐ญ๐ข๐จ๐ง, ๐๐ง๐., ๐๐ข๐๐ซ๐จ๐ฌ๐จ๐๐ญ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ'๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: 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.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : 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.
๐๐ญ๐ก๐๐ซ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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
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