Published Date: 14-Jun-2021
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According to a new report Global Data Visualization Tools Market, published by KBV research, The Global Data Visualization Tools Market size is expected to reach $10.8 billion by 2027, rising at a market growth of 11.2% CAGR during the forecast period.
The cloud market segment is projected to register the highest growth rate during the forecast period. It is owing to the high availability of easy deployment options and lower need for capital and time. All these aspects are complementing the ongoing situation of the COVID-19 pandemic because social distancing and online purchasing of goods are driving the industry and are estimated to increase the adoption of cloud-based data visualization tools.
The Marketing & Sales market dominated the Global Data Visualization Tools Market by Business Function Type 2020, and would continue to be a dominant market till 2027; growing at a CAGR of 10.7 % during the forecast period. The Human Resources market is experiencing a CAGR of 11.4% during (2021 - 2027). Additionally, The Operations market is expected to witness highest CAGR of 11.9% during (2021 - 2027).
The North America market dominated the Global Data Visualization Tools Market by Region 2020. The Asia Pacific is estimated to garner the highest growth rate over the forecast period. Factors like increasing awareness among companies to identify the patterns from data silos in the countries like India, China, and Japan, are projected to augment the adoption of data visualization tools. Additionally, the growing commercialization of AI & ML technology is supporting the generation of real-time data, and the requirement for further improvements to amplify its benefits which are estimated to bolster the adoption of data visualization tools in the Asia Pacific region.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Salesforce.com, Inc., SAP SE, Microsoft Corporation, Amazon.com, Inc., IBM Corporation, Oracle Corporation, Alibaba Group Holdings Limited, Alteryx, Inc., SAS Institute, Inc., and Dundas Data Visualization Inc.
By Tool Type
By Business Function Type
By Deployment Type
By Enterprise Size
By End User
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