Data Visualization Market – Global Industry Analysis and Forecast (2023-2029)

Data Visualization Market size was valued at US$ 3.58 Bn. in 2022 and the total revenue is expected to grow at CAGR 9.5 % through 2023 to 2029, reaching nearly US$ 6.75 Bn.
Data Visualization Market Overview:
The graphical representation of data and information through graphs, maps, charts, and other visual tools is known as data visualization. Data Visualization includes the use of analytics, dashboards, scorecards, and business intelligence methods to identify various trends and patterns. Modern advanced technologies and resources, such as google charts and modest maps, are visually enhancing the field of new data visualization.To know about the Research Methodology :- Request Free Sample Report
Data Visualization Market Dynamics:
The Data Visualization Market is showing northward direction growth, thanks to the growing adoption of data visualization in small and medium businesses across the globe. The rising penetration of digital technology into enterprise processes across industries. The demand for Data Visualization solutions is increasing for the capital structure to benefit from the huge amounts of data arising as a result of the digitization of processes across all major verticals.

Furthermore, increased competition across industries has pushed industry players to adopt strategies and technologies that will keep them on par or ahead of their competitors to avoid losing market share due to a failure to adapt to changing industry trends. As a result, advanced Business Intelligence (BI) and data visualization solutions are being accepted by both SMEs and large enterprises across all major industries. As a result, demand for data visualization solutions is increasing, fueling the market's growth

The rise in demand for data visualization dashboards and methodologies has been fueled by the increase of data generated by social media platforms. The market's growth is also supported by the presence of a large number of companies in the industry with distinct solution offerings for various business demands.

Trends in Data Visualization:


Data Visualization Market Segment Analysis:
Based on the Component, the Data Visualization Market is segmented into Software and Services. The Software segment captured the largest market share accounted for 58.93% in 2022 and is expected to grow at a CAGR of 5.91% during the forecast period. The Software segment is further sub-segmented into cloud and on-premise segments. The Increasing use of business intelligence tools by organizations to improve the data analysis and knowledge insights are fueling the growth of the data visualization market for this segment.

Based on the Industry, the Data Visualization Market is segmented into Information Technology, Service and Telecommunications, Research, Retail and E-Commerce, BFSI, and Others. The Information Technology, Service, and Telecommunications segment have captured the largest market share accounted for 26.81% in 2022. Growing awareness about the benefits of data visualizations for business growth and rising investment from organizations are fueling the growth of data visualization market growth for this segment. The Retail and E-Commerce segment is expected to witness the highest growth during the forecast period.
Data Visualization Market Regional Insights:
North America region held the largest market share accounting for 40.67% in 2022. The growing use of data visualization in small and medium-sized business enterprises are fueling the growth of data visualization product in this region. The growth in the region is supported by the presence of major producers and consumers in the region.

North America region is expected to witness a significant CAGR of 5.89% during the forecast period. The growing use of new technologies, economic improvements, and the increasing pace of digitization, coupled with substantial investments by enterprises is all driving the data visualization market growth in this region.

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The reports also help in understanding the Trampoline Market dynamic, structure by analyzing the market segments and projecting the Trampoline Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Data Visualization Market make the report investor’s guide.
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Global Data Visualization Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 3.58 Bn.


Forecast Period 2023 to 2029 CAGR:
9.5%
Market Size in 2029:
US $ 6.75 Bn.


 Segments Covered:
by Component
Software
Services


by Solution
Standalone Visualization Software
Embedded Data Visualization Module


by Enterprise Size
Small Enterprises
Medium Enterprises
Large Enterprises


by Industry
Information Technology, Service and Telecommunications
Research
Retail and E-Commerce
BFS
Others



Data Visualization Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Data Visualization Market, Key Players are
1. Adaptive Insights
2.Alteryx, Inc.
3. Chart Blocks Ltd.
4. Cluvio GmbH
5. Domo, Inc.
6. Dundas Data Visualization, Inc.
7. Highsoft AS
8. IBM Corporation
9. Looker Data Sciences, Inc.
10. Microsoft Corporation
11. QlikTech International AB
12. SAP SE
13. Sisense, Inc.
14. Tableau Software, LLC
15. Visually, Inc.
Frequently Asked Questions:
1] What segments are covered in the Data Visualization Market report?
Ans. The segments covered in the Data Visualization Market report are based on Component, Solution, Enterprise Size, and Industry.

2] Which region is expected to hold the highest share in the Data Visualization Market?
Ans. The North American region is expected to hold the highest share in the Data Visualization Market.

3] What is the market size of the Data Visualization Market by 2029?
Ans. The market size of the  Market by 2029 is US $ 6.75 Bn.

4] What is the forecast period for  Market?
Ans. The Forecast period for  Market is 2023-2029.

5] What was the market size of the  Market in 2022?
Ans. The market size of the  Market in 2022 was US $ 3.58 Bn.