Press release
Global Visual Analytics Market to Hit USD 28.9 Billion by 2031 at 16.2% CAGR Grow
According to a new report published by Allied Market Visual Analytics Market Size, Share, Competitive Landscape and Trend Analysis Report, by Offering (Solution, Service), by Deployment Model (On-premise, Cloud), by Application (Supply Chain, Sales and Marketing, Finance, Human resources (HR), Others), by Enterprise Size (Large Enterprises, SMEs), by Industry Vertical (BFSI, Manufacturing, Healthcare, Government, Energy & Utilities, Transportation, Retail & E-commerce, IT & Telecom, Education, Media & Entertainment, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031, The global visual analytics market was valued at USD 6.5 billion in 2021, and is projected to reach USD 28.9 billion by 2031, growing at a CAGR of 16.2% from 2022 to 2031.The visual analytics market focuses on tools and platforms that combine data analytics with interactive visual interfaces to help users explore, understand, and interpret complex datasets. These solutions enable businesses to transform raw data into meaningful visual insights such as dashboards, charts, and real-time reports, improving strategic and operational decisions.
With the exponential growth of big data, cloud computing, and artificial intelligence, visual analytics has become essential across industries including BFSI, healthcare, retail, manufacturing, and IT & telecom. Organizations increasingly rely on visual analytics to identify trends, uncover hidden patterns, and enhance data-driven decision-making.
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Market Dynamics
One of the key drivers of the visual analytics market is the growing volume and complexity of data generated from digital platforms, IoT devices, and enterprise systems. Businesses require advanced visualization tools to simplify large datasets and extract actionable insights efficiently.
The rising adoption of business intelligence (BI) and analytics solutions across enterprises is further accelerating market growth. Visual analytics enhances traditional BI by enabling interactive exploration, real-time monitoring, and predictive insights, improving overall business performance.
Cloud-based visual analytics solutions are gaining traction due to their scalability, cost-effectiveness, and ease of integration with existing systems. Cloud deployment allows organizations to access analytics tools remotely, supporting collaboration and remote work environments.
However, data security and privacy concerns remain a major challenge, especially when handling sensitive enterprise and customer data. Organizations must ensure compliance with data protection regulations while adopting visual analytics platforms.
Advancements in AI, machine learning, and augmented analytics present significant growth opportunities. These technologies enhance automation, natural language queries, and predictive visualization, making analytics more accessible to non-technical users.
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Segment Overview
The visual analytics market is segmented based on offering, deployment model, application, enterprise size, industry vertical, and region. By offering, the market is divided into solutions and services. Based on deployment model, it is categorized into on-premise and cloud. By application, the market includes supply chain, sales and marketing, finance, human resources (HR), and other use cases.
Based on enterprise size, large enterprises account for the highest share of the visual analytics market, as they possess greater capital resources and require advanced solutions to manage complex operations. However, the SME segment is projected to grow at the fastest rate during the forecast period, driven by the availability of cost-effective visual analytics tools that provide access to advanced applications and diverse data sources.
Regional Analysis
Regionally, North America dominated the visual analytics market in 2021 and is expected to maintain its leadership due to the strong focus on data-driven decision-making and long-term business strategy. Meanwhile, the Asia-Pacific region is anticipated to register significant growth, supported by rapid industrial expansion, rising technology adoption, and favorable government initiatives.
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Competitive Analysis
The key players that operate in the visual analytics market analysis are Alteryx, Inc., DataDeck, Data Clarity, Geckoboard Software, IBM Corporation, Locii Solutions Ltd., Microsoft Corporation, MicroStrategy Incorporated, Nexidia Inc., Oracle Corporation, Orbital Insight, Qlik, SAP SE, SAS Institute Inc., Tableau Software Inc., TIBCO Software Inc., and Ubiq. These players have adopted various strategies to increase their market penetration and strengthen their position in the visual analytics industry.
Key Findings of the Study
• By application, the supply chain segment accounted for the largest visual analytics market share in 2021.
• By region, North America generated highest revenue in 2021.
• By industry vertical, the BFSI segment generated the highest revenue in 2021.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. 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.
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