Global Data Visualization Market size2021 has covered and analyzed the potential of Worldwide Data Visualization Industry and provides statistics and information on market dynamics, growth factors, key challenges, major drivers & restraints, opportunities and forecast. This report presents a comprehensive overview, market shares, and growth opportunities of Data Visualization market 2021 by product type, application, key manufacturers and key regions and countries.COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
Global “Data Visualization Market” Report 2021 studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors, and Porter’s Five Forces Analysis. Also, Data Visualization Market is predicted to grow at a CAGR of Growing rate during the forecast period. And report provides a complete market overview, a list of top manufactures, the scope of the report, key market trends of the Data Visualization market, and the main aspect of the report- why do you have to buy this research report? So don’t miss it.
The report gives – Who are the global key players in this keyword market? What are their company profile, product information, and contact information? What Was the Global Market Status of Data Visualization Market? What Was Capacity, Production Value, Cost and PROFIT of Data Visualization Market?
Data Visualization Market Overview 2021:
The global data visualization market was valued at USD 4.51 billion in 2017, and is expected to reach a value of USD 7.76 billion by 2023 at a CAGR of 9.47% over the forecast period (2018 – 2023). The scope of the report is limited to solutions offered by major players, including solution providers of both visual analytics and reporting tools. This report focuses on the adoption of these solutions by various end users in different regions across the globe. The study also emphasizes on latest trends, industry activities, and vendor market activities.
With the advent of advanced analytical and business intelligence solutions, data visualization solutions, like scorecards and dashboards, which were usually deployed as a subset of a larger business intelligence solution, today emerge more flexible. In addition, these dashboards today have developed their own niche market, along with vendors offering best and customer-centric dashboard solutions to be used on top of current BI applications or other operational systems, like ERP. Deployment of these solutions on cloud is enabling their use on-the-go on mobile devices too.
The increasing emphasis on measuring the performance of every operation across an organization to get daily or intra-daily view of their performances is driving the demand for these solutions in the market. Technological advancements within this industry along with rapid growth in big data and the growing need for faster decision-making are some of the other factors accelerating the growth of the market. However, the implementation of this software is complex, and many end-user case studies have reported challenges while aligning these solutions to make use of all the features due to the complex existing organization structure and complex implementation. Further, lack of skills to operate these new processes might challenge the deployment of data visualization applications market worldwide.
Cloud Deployment of these Solutions is driving the Adoption
The deployment of these solutions over the cloud offers greater convenience as the service vendor is responsible for providing maximum uptime, data security, and periodic updates, thus decreasing the total cost of ownership. The current market trends including delivery of these solutions on the pay-as-you-go model and SaaS models (wherein the service vendors assume the responsibility of maintaining data and application information) are further driving the adoption of these solutions. Moreover, this mode has seen an increase in the deployment in small/medium-scale businesses as it cuts down the capital expenditure involved in building the required infrastructure on their premises.
Increased adoption of Data Visualization Tools by BFSI Sector owing to the Growing Operations
The banks today are growing in size and are expanding geographically; the number of branch networks grew leaps and bounds. Hence, the volume of transactions is witnessing exponential growth, and manual operations have become time-consuming and error-prone. As a result, a real-time or near to real-time data visualization has become prevalent in the market and teams today need dynamic dashboards rather than reports. To cater to a load of operations from all bank branches spread across all geographical regions, the banks have started using advanced visualization tools to track their operations.
Integration of advanced capabilities, like machine learning, is further helping bankers to optimize their performances and reduce risks. It is reported that a large retail bank in the United Kingdom used machine-learning algorithms to identify fraudulent transactions with more than 90% accuracy. Banks and other financial institutions today are increasing their IT spending to leverage the benefits of the innovations in the market. However, with the increase in cyber terrorism, security of sensitive data, including, personal banking details, commercial banking details and confidential corporate information, are at stake.
37% OF THE TOTAL MARKET SHARE HELD BY NORTH AMERICA
North America is the largest market for business intelligence in the world. The United States is the major shareholder in the North American region. In Canada, which was relatively stable during the recessionary period, the gains are more visible. The industrial sector is on a steady growth path, along with increasing influence of internet on the sales of industrial goods; hence, the increased demand for business intelligence and analytics solutions. It is further reported by Dresner Advisory Services that North America is the global leader in adopting public cloud platforms for Cloud BI, with 60% of organizations either using or planning to use public cloud in 2017, followed by Asia-Pacific.
The key players in this market include Tableau Software, SAP SE, SAS Institute, Inc., Microsoft Corporation, Oracle Corporation, TIBCO Software Inc., IBM Corporation, Information Builders, Dundas Data Visualization Inc., Pentaho Corporation, InetSoft Technology Corporation, and MicroStrategy Inc., among others.
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Top Key-players/Leading Manufacturers of Data Visualization Market:
- Tableau Software
- SAP SE
- SAS Institute
- Microsoft Corporation
- Oracle Corporation
- TIBCO Software Inc.
- IBM Corporation
- Information Builders
- Dundas Data Visualization Inc.
- Pentaho Corporation
- InetSoft Technology Corporation
- MicroStrategy Inc.
With tables and figures helping analyze the worldwide Global Data Visualization market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
The Global Data Visualization market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
Key Developments in the Data Visualization Market:
This Data Visualization Market Research/analysis Report Contains Answers to your following Questions
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Data Visualization Industry?
- What Was the Global Market Status of Data Visualization Market? What Was Capacity, Production Value, Cost, and PROFIT of Data Visualization Market?
- What Are Projections of Global Data Visualization Industry Considering Capacity, Production, and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply, and Consumption? What about Import and Export?
- What Is Data Visualization Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
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- What Is Economic Impact On Data Visualization Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- Which Manufacturing Technology is used for Data Visualization? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Data Visualization Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Is the Current Market Status of the Data Visualization Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Data Visualization Market by Taking Applications and Types in Consideration?
- What Are Market Dynamics of Data Visualization Market? What Are Challenges and Opportunities?
Reasons to Purchase Data Visualization Market Report:
- The report analyses how stringent emission control norms will drive the global Data Visualization market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares, and strategies employed by the major Data Visualization market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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