Data Visualization Tools Market size was accounted for USD 6.65 Billion in 2021 and is projected to reach USD 16.12 Billion by 2030, growing at a CAGR of 10.45% from 2022 to 2030.
The growing need to view data in an interactive three-dimensional format to spot trends and make faster business decisions and the increasing development of AR and VR that enable enhanced data visualization are the major drivers for market growth. The Global Data Visualization Tools Market report provides a comprehensive analysis of key segments, trends, competitive landscape, drivers, restraints and factors that play a vital role in the market.
Data visualization tools allow for the graphical representation of data in the form of bar graphs, and line graphs, among many other traditional and modern methods, making it easier to make data-driven reasoning and decisions for the benefit of any business organization. Advances in technology have enabled business organizations to accumulate large amounts of data, and traditional data visualization methods may not represent the data in the most appropriate way. That's why technological advances in data visualization, such as the use of AR/VR, allow for the optimal use of large amounts of data by visualizing data in a much more immersive way.
Data visualization tools are essential in today's data-driven world. With the help of advanced data visualization software, businesses can transform complex data into visually appealing representations. These visualization tools enable organizations to create interactive business intelligence dashboards, allowing decision-makers to gain valuable insights at a glance. Analytics visualization plays a crucial role in extracting meaningful patterns and trends from vast amounts of data, helping businesses make informed decisions. The combination of data and visualization empowers companies to uncover hidden opportunities and identify potential risks. Furthermore, data visualization design plays a significant role in presenting information in a clear and intuitive manner, ensuring effective communication and understanding among stakeholders.
Market Dynamics:
Drivers:
Data visualization software is used to make business decisions faster and easier. Data should have standard visualizations that can be used to uncover customer preferences and trends, extract strategic insights, and balance supply and demand for new and existing items. Data visualization is used by many businesses in various industries responsible for market growth.
Restraints:
In efforts to communicate COVID-19 science to a wide spectrum of politicians, scientists, healthcare professionals, and the general public, data visualisation methodologies have been at the forefront. The creation of interactive dashboards for common case studies is where businesses are concentrating their efforts. Yet, corporations frequently lack the knowledge necessary to deploy their funds effectively, which limits the potential of data visualisation. Most firms are still unable to fully benefit from cloud-based data visualisation technologies due to a lack of knowledge and skills in how to use them effectively.
Key players:
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Microsoft Corporation
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Dundas
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SAP
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Oracle Corporation
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Salesforce
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AWS
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IBM
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SAS Institute Inc.
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Alibaba Cloud
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TIBCO Software
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Sisense
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Klipfolio
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MATLAB
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And Others
Market Segmentation:
By Tool
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Standalone
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Integrated
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By Organization Size
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Large Enterprises
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Small and Medium-sized Enterprises
By Deployment Method
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On-premises
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Cloud
By Business Functions
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Marketing and Sales
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Human Resources
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Operations
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Finance
By Verticals
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BFSI
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Government
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Healthcare and Life Sciences
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Retail and E-Commerce
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Manufacturing
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Transportation and Logistics
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Telecommunications and IT
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Other Verticals
Based on Regions:
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North America
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US
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Canada
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Europe
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UK
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Germany
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Rest of Europe
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APAC
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China
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Japan
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Rest of APAC
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MEA
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Saudi Arabia
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UAE
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Rest of MEA
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Latin America
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Brazil
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Rest of Latin America
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Regional Analysis:
In 2020, North America had a commanding position and accounted for a XX% value share of the global market for data visualisation tools.
The projected term is expected to see the global market for data visualisation tools develop significantly, particularly in North America. Throughout the projected period, North America is anticipated to have the highest market size, while Asia Pacific (APAC) is anticipated to experience the quickest CAGR growth.
Scope of the Report:
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Report Metric |
Details |
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Market Size Available for Years |
2020–2030 |
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Base Year Considered |
2020 |
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Forecast Period |
2021–2030 |
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Forecast Unit |
Value (USD) |
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Segments Covered |
Offering, Technology, Application, End-User, and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, and LAMEA |
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Companies Covered |
Microsoft Corporation, Dundas, SAP, Oracle Corporation, Salesforce, AWS, IBM, SAS Institute Inc., Alibaba Cloud, TIBCO Software, Sisense, Klipfolio, MATLAB, And Others |
User
Tab Content
Introduction
Our market research is an extensive, iterative process that takes into account a combination of primary and secondary research tools with the aim of minimizing deviation and producing the most precise estimate and prediction. For the future course of action, this approach meticulously outlines the actual changes and industry trends. It gives incredibly valuable data that is drawn from the insights and opinions of analysts and professionals. Our papers include in-depth research and analysis based on several factual inputs obtained from expert interviews, accurate data, and local information.
Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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