Data Visualization Industry Report – Size, Value, Market Share – Research and Analysis 2021
Rising demand for cloud computing in data visualization and the need for quick decision making are some of the key factors driving the market revenue growth
VANCOUVER, BC, CANADA, March 13, 2022 /EINPresswire.com/ — The global data visualization market size is expected to reach USD 20.16 billion in 2028 and register a revenue CAGR of 10.2% over the period. forecast, according to the latest report by Emergen Research. The growing demand for cloud computing and the growing need for the ability to make decisions quickly across various organizations and industries are key factors driving the revenue growth of the global data visualization market.
Data visualization system refers to the graphical representation of data using various tools and software. Various data visualization tools such as tables, graphs, maps and others make data more easily understandable. This helps to track trends, outliers, and data patterns more conveniently, which further aids in accurate decision-making. As a result, the demand for data visualization is growing at a rapid rate in various industries such as banking, financial services and insurance (BFSI), information technology (IT), education and others, and trend is expected to continue during the forecast period.
The report offers a comprehensive overview of the market along with details on market size, market share, revenue growth, and major companies. The report covers all crucial and essential information related to the global Data Visualization market to help readers, investors, and clients to gain thorough understanding of the market and invest accordingly. Various advanced statistical tools like SWOT analysis or Porter’s five forces are used in the report.
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Continued advancements in digital technologies and the need for data digitization and representation are other key factors that are expected to drive the revenue growth of the global data visualization market during the forecast period. Various visualization tools such as Tableau and other dashboards are rapidly gaining traction due to performance attributes and overall efficiency. Additionally, the growing demand for dashboards and data visualization techniques on social media platforms is expected to drive the revenue growth of the data visualization market. Factors that are expected to restrain the market revenue growth include lack of skilled personnel/professionals and variation in data formats.
Partnership and collaboration allow key players to maintain their position in the market
The major market players are focused on implementing different business development strategies such as mergers, partnerships, alliances, and acquisitions. Also, key players are implementing innovative strategies to enrich their product portfolio. These strategies allow companies to expand their market reach and gain a competitive advantage in the emerging market.
Companies Featured in Global Data Visualization Market:
Alteryx Inc., InetSoft Technology Corp., Microsoft Corporation, Oracle Corporation, SAP SE, IBM Corporation, SAS Institute Inc., TIBCO Software Inc., Tableau Software LLC, and Dundas Data Visualization Inc.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region and presence. of key players in the region.
Emergen Research has segmented the global data visualization market based on component, deployment, company, end-use, and region:
Components Outlook (Revenue, USD Million, 2018-2028)
Standalone visualization software
Built-in data visualization module
Deployment Outlook (Revenue, USD Million, 2018-2028)
On the site
Company Outlook (Revenue, USD Million, 2018-2028)
End-Use Outlook (Revenue, USD Million, 2018-2028)
Bank, Financial Services and Insurance (BFSI)
IT and Telecom
Retail and e-commerce
Health and life sciences
Transport and logistics
Government and public sector
Other end uses
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The report provides factual information and statistical data regarding market development and recent industry trends. Further, the impact of the COVID-19 pandemic on the growth and development of the market is highlighted in this report. Further, the drivers and restraints affecting the growth of the market are further elaborated in this report. Major key players and their business development strategies are also highlighted in this report.
The regional segmentation includes current and forecast estimation of the market in key geographical regions such as North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
The regional analysis covers:
North America (USA, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
Key Features of the Data Visualization Market Report:
The report provides details about key drivers, restraints, opportunities, challenges, growth prospects, limitations and threats.
The report contains details of major companies, product portfolio along with specifications, production valuation and market shares.
Assessment of key current and emerging market trends and growth prospects
It also offers research-based estimations for the eight-year forecast period, mainly to estimate the potential growth of the market.
Brief overview of the industry as it relates to research and development, technological advancements, and product development
In-depth assessment of upstream raw materials, downstream buyers, demands and current market scenario
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