Data Visualization Market
The Data Visualization Market is anticipated to reach USD 11 billion by the end of 2027, growing at a CAGR of 11.3% during the forecast period (2020-2027).
The factors driving the growth of Data Visualization Market includes emerging demand for Data Visualization, rising focus by major corporations on measuring every operation within the organization and increasing application of data visualization tools in Healthcare, Banking and Transportation and Logistics industries. Moreover, the rise in the volume of data generated from social media platforms, blogs and apps, innovations in the data visualization tools and increasing awareness amongst companies abut identifying new pattern in data silos, are some of the additional factors supplementing the Data Visualization Market Growth. In addition, the integration of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), Big Data and Internet of Things (IoT) with the data visualization tools and advancements in the data visualization software, are further propelling the Data Visualization Market Share.
However, the growth of Data Visualization Market is hindered due to high installation cost of data visualization tools.
The prominent players operating in the Data Visualization Market includes SAS Institute Inc., SAP SE, Oracle Corporation, Alphabet, Inc., Salesforce.com, Inc., Microsoft Corporation, International Business Machines Corporation, Sisense Inc., QlikTech, International AB, and Tableau Software LLC, among others.
Enterprise Size – Segment Analysis
Based on Enterprise Size, the medium enterprises segment is estimated to grow at a remarkable CAGR during the forecast period. The increasing adoption of data visualization tools by the medium size organization because it eases the decision-making process and improve their profits, are some of the factors responsible for the growth of the segment.
Industry – Segment Analysis
Based on Industry, the Healthcare and Pharmaceutical segment is estimated to expand at a robust CAGR over the forecast period because the data visualization software through data analyses, provide valuable insights to the hospitals regarding patient’s history.
Regional – Segment Analysis
Based on Region, the North American region is predicted to grow at a significant CAGR during the forecast period. The increasing Government expenditure on healthcare, presence of the leading player such as Alphabet, Inc., Microsoft Corporation, rising adoption of advanced technologies, rapid growth in the BSFI sector and high per capita incomes, are some of the important factors propelling the Data Visualization Market size in North America.
Global Data Visualization Market by Component
- On Premise
- Consulting Services
- Support Services
Global Data Visualization Market by Solution
- Standalone Visualization Software
- Embedded Data Visualization Module
Global Data Visualization Market by Enterprise Size
- Small Enterprises
- Medium Enterprises
- Large Enterprises
Global Data Visualization Market by Industry
- Construction and Real Estate
- Consumer Goods
- Healthcare and Pharmaceutical
- Information Technology, Services, and Telecommunications
- Retail and E-commerce
- Transportation and Logistics
Global Data Visualization Market by Region
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
About GMI Research
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