Data Visualization Market Insights, Current And Future Market Trends & Forecast Till 2027

The GMI Research expects the data visualization market to expand at a significant rate. From a regional perspective, North America is projected to grow at a higher CAGR due to the continuous economic development, the strong presence of many industries, such as consumer goods, retail, and healthcare, followed by rising expenditure of companies on information visualization and analytics tools.

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Data Visualization Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

Some of the major factors contributing to the growth of the data visualization market size include the continuous developments in the field of big data and the strong demand for predictive analysis and constant decision making, and easy access to visualization by multi-device including desktop, mobile, and laptops. Furthermore, the high adoption of artificial intelligence (AI) and Internet of Things (IoT) technologies are likely to boost both unstructured and structured data, thus opening new doors for the growth of the market over the coming years. Furthermore, the rising adoption of virtual analytics and scientific visualization of data by medium, small, and large enterprises for recognizing the inter-relation among multi-dimensional data set and analysis of massive amounts of information to make data-driven decisions is another factor propelling the growth of the data visualization market share in terms of revenue. According to the data visualization market landscape report, the increasing cost of installing visualization tools and platforms will hinder the high adoption of data visualization software by small and medium companies. On the other hand, the complexity of support services that include maintenance and staff training and the limited centralized data security will hamper the growth of the data visualization market during the forecast period.

Industry Segment Drivers

Based on industry, healthcare and pharmaceuticals is expected to increase at a higher CAGR in the coming years due to various benefits provided by data virtualization tools, such as its capability to improve reporting and data analysis of patients history, the trends of patient satisfaction scores, and add valuable insights into the hospital’s commercial efficiency, among others. Several data visualization tools, including John Hopkins University Dashboard, Tableau’s COVID-19 Coronavirus Data Hub, and WHO COVID- 19 dashboards, have been developed during the emergence of the COVID 19 pandemic for real-time updates and trends pertaining to coronavirus.

Data Visualization Market’s leading Manufacturers:

  • QlikTech International AB
  • Alphabet, Inc.
  • com, Inc.
  • Microsoft Corporation
  • SAS Institute Inc.
  • SAP SE
  • Oracle Corporation
  • International Business Machines Corporation
  • Sisense Inc.
  • Tableau Software LLC

Data Visualization Market Segmentation:

Segmentation by Component:

  • Software

o    On Premise

o    Cloud

  • Services

o    Consulting Services

o    Support Services

Segmentation by Solution:

  • Standalone Visualization Software
  • Embedded Data Visualization Module

Segmentation by Enterprise Size:

  • Small Enterprises
  • Medium Enterprises
  • Large Enterprises

Segmentation by Industry:

  • BFSI
  • Construction and Real Estate
  • Consumer Goods
  •  Education
  • Government
  • Healthcare and Pharmaceutical
  • Information Technology, Services, and Telecommunications
  • Research
  • Retail and E-commerce
  • Transportation and Logistics
  • Others

Segmentation by Region:

  • North America

o   United States of America

o   Canada

  • Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

  • Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

  • RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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