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2025-2034 Generative Artificial Intelligence (AI) In Data Visualization Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Generative Artificial Intelligence (AI) In Data Visualization
What Is the Expected CAGR for the Generative Artificial Intelligence (AI) In Data Visualization Market Through 2025?
In recent years, the market size for generative artificial intelligence (AI) in data visualization has experienced significant growth. The market, currently valued at $4.38 billion in 2024, is projected to increase to $5.02 billion in 2025, with a compound annual growth rate (CAGR) of 14.5%. The historical growth of this sector is largely due to factors such as the emergence of big data analytics, the escalating demand for real-time data understanding, the widespread adoption of cloud computing, the increasing reliance on data-fuelled decision making, and the growing requirement for improved data interpretation across several industries.
What's the Projected Size of the Global Generative Artificial Intelligence (AI) In Data Visualization Market by 2029?
The market size of generative artificial intelligence (ai) in data visualization is predicted to accelerate rapidly in the upcoming years, reaching $8.64 billion by 2029 with a compound annual growth rate (CAGR) of 14.6%. This growth during the forecast period can be ascribed to a heightened emphasis on personalized and interactive data experiences, advancements in generative model competencies, increased funding for AI research and development, a surge in the usage of AI-enabled business intelligence tools, and the proliferation of 5G technology. Key trends in the forecast period encompass highly personalized visual experiences, amalgamation with augmented reality (AR) and virtual reality (VR), progressions in AI-powered predictive analytics, user-friendly data visualization tools, and the adoption of natural language interfaces for data queries.
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Top Growth Drivers in the Generative Artificial Intelligence (AI) In Data Visualization Industry: What's Accelerating the Market?
The surge in data creation is projected to spur the advancement of generative artificial intelligence in the data visualization market. The rise in data production is fueled by the expanding use of digital technology, IoT devices, and the burgeoning internet user community. Generative artificial intelligence in data visualization facilitates data management by automating the generation of insights, rendering complex data more digestible and comprehensible. For example, a report by The Linux Foundation, a US non-profit consortium, revealed in December 2022 that the average end-user organization's data growth reached an impressive 2,208 TB in 2022, a climb of 215.43% or triple the 700 TB recorded in 2021. Hence, the escalating growth in data creation is propelling the expansion of the generative artificial intelligence in data visualization market.
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What Trends Will Shape the Generative Artificial Intelligence (AI) In Data Visualization Market Through 2029 and Beyond?
Leading businesses in the generative artificial intelligence in data visualization market are crafting innovative solutions such as AI-driven graphics, designed to refine data comprehension, automate visual insights, and streamline decision-making processes. AI-driven graphics encompasses software that employs AI to instinctively curate, enhance, or optimize visual elements like charts, graphs, and designs based on the provided datasets. For instance, in June 2024, Databricks Inc., an American software solutions firm, introduced AI/BI, a visualization tool powered by AI. This tool streamlines the visualization process by employing AI to instinctively construct and polish visual portrayals of intricate datasets, thereby making data analysis more manageable and accessible. The tool caters to various applications, including business intelligence, data exploration, predictive analytics, anomaly detection, operational monitoring, personalized reporting, and interactive data analysis, all with the objective of improving decision-making, enhancing operational efficiency, and providing deeper data insights.
What Are the Main Segments in the Generative Artificial Intelligence (AI) In Data Visualization Market?
The generative artificial intelligence (ai) in data visualizationmarket covered in this report is segmented -
1) By Technology: Generative Adversarial Networks (GANs), Variational Autoencoders (VAEs), Other Technologies
2) By Deployment: Cloud-Based, On-Premises
3) By Application: Exploratory Data Analysis, Business Intelligence, Reporting, Other Applications
4) By Industry Vertical: Information Technology (IT) And Telecom, Healthcare, Finance, Retail, Manufacturing, Other Industry Verticals
Subsegments:
1) By Generative Adversarial Networks (GANs): Image Generation For Data Visualization, Video And Animation Generation, Data Augmentation For Visualization
2) By Variational Autoencoders (VAEs): Dimensionality Reduction For Visualization, Anomaly Detection And Visualization, Data Smoothing And Reconstruction
3) By Other Technologies: Reinforcement Learning For Visualization, Deep Learning Algorithms For Visual Representation, Neural Networks For Graphical Data Interpretation
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Which Top Companies are Driving Growth in the Generative Artificial Intelligence (AI) In Data Visualization Market?
Major companies operating in the generative artificial intelligence in data visualization market are Alphabet Inc., Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, NVIDIA Corporation, Salesforce Inc., Baidu Inc., Autodesk Inc., Qlik Technologies AB, MicroStrategy Incorporated, Domo Inc., Sisense Inc., ThoughtSpot Inc., ARKA Software, XenonStack, Yellowfin BI, Plotly, Akaike Technologies Pvt. Ltd., Klipfolio Inc., ClicData Inc., Metabase Inc.
Which Regions Will Dominate the Generative Artificial Intelligence (AI) In Data Visualization Market Through 2029?
North America was the largest region in the generative artificial intelligence in data visualization market in 2024. The regions covered in the generative artificial intelligence in data visualization market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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