Market Research Report
Data Visualization Tools - Global Market Outlook (2020-2028)
|Data Visualization Tools - Global Market Outlook (2020-2028)|
Published: July 1, 2021
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
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.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.