Visual Analytics Market Overview
Market Research Future (MRFR), in its report on the Visual Analytics Market 2020, sheds light on
multiple factors that can influence the visual analytics market across the
review period. An additional report on the impact of COVID 19 pandemic on the
worldwide visual analytics market is provided. As per MRFR analysis, the visual
analytics market is expected to rise at 11% CAGR across the assessment period
2017 to 2023.
Advancements in the field of data analytics is
observed to gain considerable traction, which can prompt the expansion of the
visual analytics market in the analysis period. The high demand for various
visual analytics tools, solutions, and techniques can cause the expansion of
the market in the near future. Thus, boosting the visual analytics market
growth through the review period. On the contrary, the visual analytics market
rise can be limited by lack of trained professionals and in proper governance,
followed by data inconsistency.
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Competitive Landscape
IBM Corporation (the U.S.), SAP (Germany), Oracle
(the U.S.), Tableau Software (the U.S.), SAS Institute (the U.S.), Qlik (the
U.S.), TIBCO Software (the U.S.), Microsoft (the U.S.), MicroStrategy (the
U.S.), and Alteryx (the U.S.) are some prominent names in the visual analytics
global market listed by MRFR.
Market Segmentation
The segment evaluation of the global visual
analytics market is done by industry, Component, and deployment.
The component based segments of the visual analytics
market are software and services. The increase in the use of visual analytics
software and high demand for visual analytics services can cause the market to
surge in the years ahead. The service segment is expected to generate
considerable revenue for the market through the review period.
Based on deployment, the visual analytics market is
segmented into on-cloud and on-premise. The high rate of deployment of on-cloud
visual analytics solutions can cause the market to thrive the review period.
The industry based, segments of the visual analytics
market are BFSI, IT, retail, defense, transportation, manufacturing, military,
logistics, and others. The IT segment can cause the global visual analytics
market to generate considerable revenue through the assessment period. The rise
in need for visual analytics in the booming IT sector can prompt the expansion
of the visual analytics market through the review period. The transportation
and logistics industry can contribute significantly to the expansion of the
visual analytics market through the assessment period. The increase in the
adoption of advanced analytical process can push the visual analytics market in
the study period.
Regional Analysis
A surge in requirement for visual analytics due to
interactive feature of visual interface that ensures simplification of tasks
and able quick decision are major causes for the expansion of the visual
analytics market in North America. The presence of numerous high tech companies
and the booming IT sector is expected to impel the expansion of the visual
analytics market across the review period. In Europe, the rise of the visual
analytics market can be attributed to pen-up demand for visual driven data
enabled by visual analytics tools and techniques. APAC visual analytics market
can fuel the rise of the visual analytics market in the assessment period. The
fast paced rise of the IT sector can also underpin the expansion of the APAC
market.
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