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As per the solution, it is bifurcated into standalone visualization software and embedded data visualization module. The recent wave of lockdown in certain countries and the alarming spike in cases is expected to increase the sales of the visualization tools and positively affect the market growth.īy component, the market is segmented into software and services. It helps the business organization to map out strategies and undertake measures to improve its positioning. Several business enterprises are utilizing the software during the COVID-19 pandemic to track the spread of the infection and announce products accordingly to avoid loss. Hence, the technology adoption for mapping out data and providing an insightful analysis is expected to boost the demand for the product and fuel market growth. It is used in several industries such as information technology, retail, e-commerce, and telecommunications. It provides the organization with real-time data by using a visual data detection system and gains insights from a huge clutter of data. Companies are utilizing visualization tools to analyze the company's sales performance and devise effective strategies to improve performance and make product launches. For example, undertook an acquisition of Tableau Software LLC in August 2019 to improve its analytical activities and offer insights to the consumers through artificial intelligence. The rising adoption of visual information, analytics, scientific visualization, and other tools from business enterprises is expected to boost the demand for the product and people market growth shares Fortune Business Insights™ in its report titled " Data Visualization Market, 2020-2027."īusinessmen are investing heavily in the visualization of information and business statistics as they help to enhance analytics. Pune, India, (GLOBE NEWSWIRE) - The global data visualization market size is projected to reach USD 19.20 billion by 2027, exhibiting a CAGR of 10.2% in the forecast period.
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List of Key Players Profiled in the Data Visualization Market Report: Adaptive Insights, Alteryx Inc., ChartBlocks Ltd., Cluvio GmbH, Domo, Inc., Dundas Data Visualization, Inc., Highsoft AS, IBM Corporation, Looker Data Sciences, Microsoft Corporation, QlikTech Corporation, SAP SE, Sisense, Inc., Tableau Software, LLC, Visually, Inc.