Data Visualization Tools Market Forecasts to 2028 – Global Analysis By Tool (Standalone and Integrated), Deployment Mode (On-premises and Cloud), Organization Size, Business Function, End User and By Geography
According to Stratistics MRC, the Global Data Visualization Tools market is accounted for $5.29 billion in 2020 and is expected to reach $14.66 billion by 2028 growing at a CAGR of 13.6% during the forecast period. Increasing demand for an interactive view of data for faster business decisions, developments in augmented reality (AR) and virtual reality (VR) to enable the interaction of companies with data in 3D formats and multi-device access to visualization are the major factors driving the market growth. However, variation in data formats is restraining the market growth.
A data visualization tool is a software that generates presentation. Users can use data visualization tools to explore and analyse data in an intuitive way, allowing them to, infer correlations and causalities, spot interesting patterns and enhance sense-making activities.
Based on deployment mode, the on-premises segment is estimated to have a lucrative growth due tothe accessibility of easy deployment options and minimal requirements of capital and time. These factors support the lockdown scenario of COVID-19 as social distancing, and online purchasing of goods hit the industry and are expected to drive the adoption of cloud-based data visualization tools. By geography, Asia Pacificis going to have high growth during forecast period due to growing awareness for companies to uncover patterns from data silos in key countries, such as China, India, and Japan, is expected to fuel the adoption of data visualization tools.
Some of the key players profiled in the Data Visualization Tools Market include Alteryx, Chartio, Domo, Dundas, Geckoboard, Ggplot2, Highcharts, IBM, Infogram, Kibana, Klipfolio, MATLAB, Microsoft, Plotly, Qlik, SAP, Sisense, Tableau, Visme and Zoho.
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs& Figures
Tool, Deployment Mode, Organization Size, Business Function, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Deployment Modes Covered:
Organization Sizes Covered:
• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)
Business Functions Covered:
• Human Resources
• Marketing and Sales
End Users Covered:
• Banking, Financial Services and Insurance (BFSI)
• Healthcare and Life Sciences
• Retail and eCommerce
• Telecommunications and Information Technology (IT)
• Transportation and Logistics
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Data Visualization Tools Market is majorly driven by increasing demand for an interactive view of data for faster business decisions, developments in augmented reality (AR) and virtual reality (VR) to enable the interaction of companies with data in 3D formats and multi-device access to visualization.
The healthcare and life sciences segment is growing at a highest CAGR owing to adoption of data visualization tools by healthcare providers to gather real-time data insights to improve patient health.
North America dominated with a significant market share due to the factors such as growing amount of data generated by the small- and medium-scale companies in the US market.
Asia Pacific market is growing at a highest CAGR owing to growing awareness for companies to uncover patterns from data silos in key countries, such as China, India, and Japan, is expected to fuel the adoption of data visualization tools.
Key players in Data Visualization Tools Market includeAlteryx, Chartio, Domo, Dundas, Geckoboard, Ggplot2, Highcharts, IBM, Infogram, Kibana, Klipfolio, MATLAB, Microsoft, Plotly, Qlik, SAP, Sisense, Tableau, Visme and Zoho.
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