Global Data Visualization Tools Market (2021 to 2026) – Rising Need to Create Interactive Dashboards from Unused Data Presents Opportunities

DUBLIN, May 24, 2021 /PRNewswire/ — The «Global Data Visualization Tools Market by Tool (Standalone, Integrated), Organization Size, Deployment Mode,…

DUBLIN, May 24, 2021 /PRNewswire/ — The «Global Data Visualization Tools Market by Tool (Standalone, Integrated), Organization Size, Deployment Mode, Business Function, Vertical (BFSI, Telecommunications & IT, Healthcare & Life Sciences, Government), and Region – Forecast to 2026» report has been added to ResearchAndMarkets.com’s offering.

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The global data visualization tools market is projected to grow from USD 5.9 billion in 2021 to USD 10.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.6% during the forecast period. Various factors such as the growing demand for an interactive view of data for faster business decisions and increasing developments in Augmented Reality (AR) and Virtual Reality (VR) to enable the interaction of companies with data in 3D formats, are expected to drive the demand for data visualization tools.

The data visualization tools market has witnessed several advancements in terms of tools offered by the industry players. Verticals such as manufacturing, retail, and energy and utilities have witnessed a moderate slowdown, whereas BFSI, government, and healthcare and life sciences verticals have witnessed a minimal impact.

The COVID-19 pandemic has given rise to increased use of line charts, bar charts, and choropleth maps in the news. Simple data visualizations have become the key to communicating vital information about the coronavirus pandemic to the public. While these terms might not be familiar to all, the visualizations themselves certainly are. One of the most interesting developments due to the current COVID-19 crisis is that organizations that excel at the developments of dashboards centralize analytics and decision-making approaches and scale them exponentially across all connected channels.

The data visualization tools market, by tools, is segmented into standalone and integrated. The standalone segment is expected to have at the larger market size during the forecast period. Standalone tools help businesses identify factors that affect customer behavior, pinpoint areas that need to be improved or need more attention, make data more memorable for stakeholders, understand when and where to place specific products, and predict sales volumes.

The SMEs segment is expected to grow at the highest CAGR during the forecast period. This growth is attributed due to the growing need of SMEs to store data of the growing target audience across the globe and extract greater value from the data are expected to drive the adoption of data visualization tools among SMEs. SMEs are more open toward the adoption of new technologies to smoothen and enhance business processes.

The cloud deployment mode segment is expected to grow at the highest CAGR during the forecast period. This growth is attributed due to easy deployment and minimal capital requirement benefit of cloud technology facilitate the adoption of the cloud deployment model. The adoption of cloud technology solutions is expected to be supported by the COVID-19 pandemic, as lockdowns and social distancing practices are encouraging companies to move to cloud solutions that can be managed remotely.

The marketing and sales business function segment is expected to account for the largest market size during forecast period. The growth can be attributed as data visualization tools enable sales managers to monitor sales performance against quarterly goals for revenue, the percentage of closed deals, and status of the deal stages in the sales funnel. Data visualization tools also help them in planning marketing strategies.

The BFSI vertical is expected to account for the largest market size during the forecast period. Moreover, the healthcare and life sciences vertical is expected to grow at the highest CAGR during the forecast period. To gain access to unstructured data such as output from medical devices, image reports, and lab reports is not useful to improve patient health. Healthcare providers are adopting data visualization tools that help them to gather real-time data insights to improve patient health.

North America is expected to account for the largest market size during the forecast period. The region is witnessing significant technological advancements in the data visualization tools space due to the presence of prominent data visualization tools vendors. The growth of the region can also be attributed to the growing focus of companies on investments for cloud-based data visualization tools which support real-time data. APAC is projected to grow at the highest CAGR during the forecast period. The growth can be attributed to increased take-up of digital technologies among consumers as well as businesses in key countries, such as China, India, and Japan.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Data Visualization Tools Market

4.2 Market, Top Three Business Functions

4.3 Market, by Region

4.4 North American Market, by Component and Deployment Mode

5 Market Overview and Industry Trends

5.1 Introduction

5.2 Data Visualization: Evolution of the Market

5.3 Data Visualization: Types

5.4 Market Dynamics

5.4.1 Drivers

5.4.1.1 Growing Demand for an Interactive View of Data for Faster Business Decisions

5.4.1.2 Developments in AR and VR to Enable the Interaction of Companies with Data in 3D Formats

5.4.2 Restraints

5.4.2.1 Variation in Data Formats

5.4.3 Opportunities

5.4.3.1 Increasing Focus of Healthcare Authorities to Get Real-Time Patient Data During COVID-19 to Track Infections

5.4.3.2 Rising Need to Create Interactive Dashboards from Unused Data

5.4.3.3 Growing Concern of Companies to Comply with Data Regulations and Protect Customer Data

5.4.4 Challenges

5.4.4.1 Lack of Skilled Professional Workforce

5.4.4.2 Lack of Data Governance

5.4.5 Cumulative Growth Analysis

5.5 Data Visualization Tools Market: Ecosystem

5.6 Case Study Analysis

5.7 Data Visualization Tools Market: COVID-19 Impact

5.8 Patent Analysis

5.9 Supply Chain Analysis

5.10 Technology Analysis

5.11 Pricing Model Analysis

5.12 Porter’s Five Forces Analysis

5.13 Scenario

6 Data Visualization Tools Market, by Tool

6.1 Introduction

6.1.1 Tools: Market Drivers

6.1.2 Tools: COVID-19 Impact

6.2 Standalone

6.3 Integrated

7 Data Visualization Tools Market, by Organization Size

7.1 Introduction

7.1.1 Organization Size: Market Drivers

7.1.2 Organization Size: COVID-19 Impact

7.2 Large Enterprises

7.3 Small and Medium-Sized Enterprises

8 Data Visualization Tools Market, by Deployment Mode

8.1 Introduction

8.1.1 Deployment Modes: Market Drivers

8.1.2 Deployment Modes: COVID-19 Impact

8.2 On-Premises

8.3 Cloud

9 Data Visualization Tools Market, by Business Function

9.1 Introduction

9.1.1 Business Functions: Market Drivers

9.1.2 Business Functions: COVID-19 Impact

9.2 Marketing and Sales

9.3 Human Resources

9.4 Operations

9.5 Finance

10 Data Visualization Tools Market, by Vertical

10.1 Introduction

10.1.1 Verticals: Market Drivers

10.1.2 Verticals: COVID-19 Impact

10.2 Banking, Financial Services, and Insurance

10.3 Government

10.4 Healthcare and Life Sciences

10.5 Retail and Ecommerce

10.6 Manufacturing

10.7 Telecommunications and Information Technology

10.8 Transportation and Logistics

10.9 Other Verticals

11 Data Visualization Tools Market, by Region

11.1 Introduction

11.2 North America

11.3 Europe

11.4 Asia-Pacific

11.5 Middle East and Africa

11.6 Latin America

12 Competitive Landscape

12.1 Overview

12.2 Key Player Strategies

12.3 Market Share, 2020

12.4 Historical Revenue Analysis of Key Market Players

12.5 Company Evaluation Quadrant, 2020

12.5.1 Star

12.5.2 Emerging Leaders

12.5.3 Pervasive

12.5.4 Participants

12.6 Strength of Product Portfolio

12.7 Business Strategy Excellence

12.8 Ranking of Key Market Players in the Market, 2020

12.9 Company (Major Players) Product Footprint Analysis

12.10 Startup/SME Evaluation Quadrant, 2020

12.10.1 Progressive Companies

12.10.2 Responsive Companies

12.10.3 Dynamic Companies

12.10.4 Starting Blocks

12.11 Strength of Product Portfolio

12.12 Business Strategy Excellence

12.13 Company (Startups/SMEs) Product Footprint Analysis

12.14 Competitive Scenario

12.14.1 New Solution Launches and Product Enhancements

12.14.2 Deals

12.14.3 Others

13 Company Profiles

13.1 Introduction

13.2 Major Players

13.2.1 Salesforce

13.2.2 SAP

13.2.3 Microsoft

13.2.4 Oracle

13.2.5 IBM

13.2.6 AWS

13.2.7 Alteryx

13.2.8 Alibaba Cloud

13.2.9 SAS Institute

13.2.10 Dundas

13.3 Other Players

13.3.1 Sisense

13.3.2 TIBCO Software

13.3.3 Qlik

13.3.4 Domo

13.3.5 GoodData

13.3.6 Klipfolio

13.4 Startup/SME Profiles

13.4.1 Datafay

13.4.2 Zegami

13.4.3 Live Earth

13.4.4 REEPORT

13.4.5 Cluvio

13.4.6 Whatagraph

13.4.7 Databox

13.4.8 Datapine

13.4.9 Chord

13.4.10 Toucan Toco

14 Adjacent and Related Markets

15 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/9o3trc

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