With the emergence and long-term Impact of COVID-19, Global Data Visualization Tools Market to reach USD 15.83 Billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Data Visualization Tools Market points towards a potential rise to USD 15.83 Billion by 2030. Data visualization refers to the graphical representation of information and data. It involves the use of various visual components, such as charts, graphs, and maps, to present data in a visually engaging and comprehensible manner. These tools enable users to visualize and understand trends, patterns, and outliers within the data. They provide a means to effectively analyze and interpret complex data, leading to enhanced insights and informed decision-making. Moreover, the demand for data visualization tools is anticipated to be driven by several factors. Firstly, there is a growing need for interactive data views that enable faster decision-making in business operations. Additionally, the advancements in Augmented Reality (AR) and Virtual Reality (VR) technologies are facilitating the interaction of companies with data in immersive 3D formats. These developments are expected to fuel the demand for data visualization tools, as they enhance the visual representation and exploration of data, leading to better insights and informed decision-making.
Geographically, the global Data Visualization Tools market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the dominance of strong technological advancements, particularly in the field of data analytics and visualization. The region is home to many leading technology companies and research institutions that drive innovation in data visualization tools. Asia Pacific is expected to grow significantly during the forecast period, the increasing recognition among companies in significant countries such as China, India, and Japan to extract insights from data silos is anticipated to drive the adoption of data visualization tools. Furthermore, the commercialization of AI and ML technology, resulting in the generation of real-time data, and the demand for further advancements to fully leverage its benefits are expected to boost the adoption of data visualization tools in the region.
The global Data Visualization Tools market is highly competitive owing to the presence of several key manufacturers such as Alibaba Group Holding Limited, ALTERYX, INC, Amazon Web Services, Inc, Domo, Inc, Dundas Data Visualization, Inc, GoodData Corporation, International Business Machines Corporation, Klipfolio Inc, Microsoft Corporation, Oracle Corporation and others.
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Global Data Visualization Tools Market Size study & Forecast, by Tool (Standalone and Integrated), by Organization Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs)), by Deployment Mode (On-premises, Cloud), by Business Function (Marketing and Sales, Human Resources, Operations, Finance), by Vertical (BFSI, Telecommunications and IT, Healthcare and Life Sciences, Government, Others) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Data Visualization Tools Market is anticipated to grow with a healthy growth rate of more than 11.6% over the forecast period 2023-2030.
- In the Vertical Type segment, BFSI emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to commercialization of the AI and ML technology in the region.
- Asia Pacific is expected to grow at higher rate during 2022-2030 owing to rising adoption of data visualization tools in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Organization Size:
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
By Deployment Mode:
By Business Function:
- Marketing and Sales
- Human Resources
- Telecommunications and IT
- Healthcare and Life Sciences
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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