Press release
Dashboard Software Market Anticipated To Witness Robust Growth, Surpassing $11.75 Billion By 2029
Dashboard Software
What Is the Current Dashboard Software Market Size and Its Estimated Growth Rate?
The dashboard software market has grown rapidly, forecasted to rise from $6 billion in 2024 to $6.88 billion in 2025 at a CAGR of 14.6%. Growth has been fueled by increasing demand for data visualization, widespread adoption of cloud-based solutions, the rise of big data analytics, expanding mobile device usage, and advancements in automation.
The dashboard software market is projected to experience significant growth in the coming years, reaching $11.75 billion by 2029, with a compound annual growth rate (CAGR) of 14.3%. This expansion is driven by the increasing demand for mobile-compatible dashboards, a stronger focus on data-driven decision-making, greater emphasis on operational efficiency, the rising trend of remote work, and heightened investment in digital transformation efforts. Key trends during the forecast period include advancements in technology, AI integration, cloud-based solutions, mobile dashboards, and the adoption of IoT.
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How Are Emerging Segments Shaping the Dashboard Software Market Landscape?
The dashboard softwaremarket covered in this report is segmented -
1) By Deployment: On-Premises, Cloud-Based
2) By Organization: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
3) By Functionality: Business Intelligence (BI) Dashboards, Operational Dashboards, Executive Dashboards, Departmental Dashboards
4) By Industry Vertical: Healthcare, Retail, Telecommunications And IT, Banking, Financial Services, And Insurance (BFSI), Manufacturing, Government And Defense, Other Industry Verticals
Subsegments:
1) By On-Premises: Traditional Desktop Dashboard Software, Customizable On-Premises Dashboard Solutions, Integrated On-Premises Analytics Platforms
2) By Cloud-Based: SaaS (Software as a Service) Dashboard Solutions, Subscription-Based Cloud Dashboard Tools, Mobile-Optimized Cloud Dashboard Applications, Collaborative Cloud Dashboard Platforms
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Which Growth Factors Are Influencing Dashboard Software Market Expansion?
The increasing shift toward cloud-based solutions is expected to drive the growth of the dashboard software market in the coming years. Cloud-based solutions are services, applications, or resources that are accessed via the internet rather than hosted on local servers or devices. The adoption of cloud-based solutions is on the rise due to benefits such as cost-effectiveness, scalability, enhanced security, improved performance, and reliability. Dashboard software is valuable for cloud-based solutions as it allows real-time data access, scalability, and flexibility, enabling secure, centralized, and easily accessible visualizations from any device. For instance, in December 2023, Eurostat, a statistical office of the European Union, reported that 45.2% of EU enterprises used cloud computing services in 2023, up 4.2 percentage points from 2021. The most commonly purchased cloud services included email (82.7%), file storage (68.0%), and office software (66.3%). Therefore, the increasing adoption of cloud-based solutions is driving the growth of the dashboard software market.
Who Are the Dominant Players Across Different Dashboard Software Market Segments?
Major companies operating in the dashboard software market are Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., The Sage Group plc, Tableau Software LLC, Zendesk Inc., Zoho Corporation Pvt. Ltd., TIBCO Software Inc., Smartsheet Inc., Domo Inc., Sisense Inc., Wrike Inc., Corporater AS, GoodData Corporation, Phocas Group Limited, Scoro Software OÜ, Yellowfin International Pty Ltd., Klipfolio Inc., Geckoboard Inc., Cyfe Inc., Agency Analytics Inc., InetSoft Technology Corporation
What Dashboard Software Market Trends Are Gaining Traction Across Different Segments?
In the dashboard software market, companies are developing advanced products like interactive dashboards to simplify data analysis and decision-making. For instance, in April 2023, Inntopia launched Destination Explorer, a dashboard tailored for destination marketing organizations, convention bureaus, and lodging suppliers. It provides forward-looking and historical occupancy data, offering advanced insights for property managers to optimize pricing, staffing, and incentives based on various influencing factors.
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Which Geographic Regions Are Expected to Dominate the Dashboard Software Market in the Coming Years?
North America was the largest region in the dashboard software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dashboard software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Dashboard Software Market?
2. What is the CAGR expected in the Dashboard Software Market?
3. What Are the Key Innovations Transforming the Dashboard Software Industry?
4. Which Region Is Leading the Dashboard Software Market?
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