Data Visualization Tools Market: Unveiling Growth and Future Prospects
What is the Projected Market
Size And Growth Rates For Global Data Visualization Tools Market?
The data visualization tools
market size has witnessed robust growth and is set to continually expand. It
grew from $8.55 billion in 2024 to $9.52 billion in 2025 at a compound annual
growth rate (CAGR) of 11.3%. This growth in the historic period can be
attributed to increased complexity of data, the emergence of data-driven
decision making, the globalization of businesses, regulatory compliance, a
surge in demand for real-time insights, and user-friendly interfaces.
The market is anticipated to
advance further in the coming years, reaching $15.75 billion in 2029 at a
compound annual growth rate (CAGR) of 13.4%. This forecast period growth can be
attributed to a stronger focus on predictive analytics, enhanced cybersecurity
visualization, customization and personalization, data democratization, and
growing interest in sustainability analytics. Also, increased adoption of
self-service business intelligence, advancements in augmented analytics,
real-time and streaming data visualization, focus on mobile-friendly
visualizations, integration with data preparation tools, data governance and
security features, focus on accessibility and inclusivity are the major trends
fueling market growth.
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What Are the Key Growth Drivers
in the Data Visualization Tools Market?
The remarkable growth in big data
is propelling the growth of the data visualization tools market. Big data
refers to massive, complex volumes of organized and unstructured data that
inundate businesses daily. As the sources of big data, such as social media,
streaming data, and publicly available data increase, visualization is becoming
a crucial tool to comprehend the trillions of rows of data generated each day.
For instance, in July 2022, data published by EarthWeb showed WhatsApp users
made over 55 million video calls and sent over 65 billion messages daily. This
figure rose to 100 billion messages every day in 2020, thus highlighting the
growth in big data and the concurrent need for data visualization tools.
Which Are the Significant
Segments in the Data Visualization Tools Market?
- By Tool: Standalone, Integrated
- By Business Function: Marketing
And Sales, Human Resources, Operations, Finance
- By Deployment Mode: On-Premises,
Cloud
- By Organization Size: Large
Enterprises, Small And Medium-Sized Enterprises (SMEs)
- By Vertical: Banking, Financial
Services And Insurance (BFSI), Government, Healthcare And Life Sciences, Retail
And E-Commerce, Manufacturing, Transportation And Logistics, Telecommunications
And Information Technology (IT), Other Verticals
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Who Are the Major Players in
the Data Visualization Tools Market?
Major market players include
Tableau Software, SAP SE, The International Business Machines Corporation,
Oracle Corporation, Microsoft Corporation, Alibaba Group Holding Limited,
Alteryx Inc., Amazon Web Services Inc., Domo Inc., Dundas Data Visualization
Inc., GoodData Corporation, Klipfolio Inc., QlikTech International AB,
Salesforce Inc., SAS Institute Inc., Sisense Inc., TIBCO Software Inc., Zegami
Ltd., HeapAnalytics Inc., Looker Data Sciences Inc., Google Data Studio, SAP
Lumira, MicroStrategy, Yellowfin Business Intelligence, Slemma, Zoho
Corporation Pvt. Ltd., Datawrapper Gmbh, ThoughtSpot Inc., Periscope Data Inc.
What are the Key Trends in the
Data Visualization Tools Market?
Technological advancement is a key
trend in the data visualization tools market. Major market players are focusing
on creating new technical advancements to boost their competitiveness. For
example, in September 2024, the U.S.-based company GrubMarket launched the
GrubAssist Charts, an AI-powered data visualization tool that helps food supply
chain businesses visualize complex data through dynamic, easy-to-understand
charts and graphs.
Which Region Is Poised for
Rapid Growth in the Data Visualization Tools Market?
In 2024, North America was the
dominant player in the data visualization tools market while Asia-Pacific is
projected to be the fastest-growing region. The regions covered in the report
include Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East, and Africa.
What Does The Data
Visualization Tools Market Report 2025 Offer?
Data visualization tools refer to
software programs that present information visually, such as in graphs, charts,
or heat maps, for data analysis. These tools facilitate working with and
understanding vast volumes of data. They transform unprocessed data into
knowledge, enhancing data presentation, transparent reporting, scalability with
data integration, and data visualization in an intelligent and unique approach.
The Data Visualization Tools Market research report offers global market size,
growth rate, regional shares, competitor analysis, detailed segments, trends,
and opportunities.
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by purchasing the exclusive report: https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8063
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