Visual Analytics Market- Global Industry Analysis and Forecast (2023-2029)

Visual Analytics Market size was valued at US$ 6.87 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 20.4% from 2023 to 2029, reaching nearly US$ 25.21 Bn.
Visual Analytics Market Overview:
Visual Analytics Market is expected to reach US$ 25.21 Bn. by 2029. Visual analytics is the use of advanced tools and techniques to analyse datasets using visual representations of the data. Users can find patterns and produce actionable insights by visualising data in graphs, charts, and maps. These insights assist businesses in making better data-driven decisions. This report focuses on the different segments of the Visual Analytics market (Component, Service, Business Function, Deployment Model, Organization Size, Industry, and Region). This report examines the major market players and regions in depth (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It's a thorough examination of today's quick advances in a variety of sectors. Facts and figures, visualisations, and presentations are utilised to demonstrate the core data analysis from 2017-2022. The market drivers, restraints, opportunities, and challenges for Visual Analytics are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Visual Analytics market.To know about the Research Methodology:-Request Free Sample Report
Visual Analytics Market Dynamics:
Heavy data can be turned into an opportunity with the help of visual analytics. Decision makers can use visual analytics to focus their full cognitive and perceptual talents on the analytical process while also using advanced computing capabilities to supplement the discovery process. Visual analytics is the study of data visualisation with a focus on analytical reasoning made possible by visual interfaces. Visual analytics is utilised in applications that require a high level of monitoring and engagement, such as complicated and huge data sets and analytical procedures.

The growing demand for analytics tools among businesses, as well as the greater use of visually driven data, is driving the adoption of visual analytics. Users may quickly examine, comprehend, and analyse information with visually driven data. Users can also utilise visualisation tools like charts, graphs, pivot tables widgets, and others to generate reports and dashboards with the help of visual analytics.

These tools aid in the definition of data in simple and understandable terms. These businesses can be confident that by investing in a visual analytics solution, they are empowering people, increasing productivity, and having a beneficial influence on the business as a whole.

The shortage of skilled employees who can work with complex business intelligence technologies is the key barrier in the market for visual analytics. Furthermore, visual analytics solutions cannot be totally trusted because they can contain inaccuracies. As a result, if the results of these instruments are not adequately examined and verified, it can be dangerous. Other issues include a lack of effective governance and inconsistent data.
Visual Analytics Market Segment Analysis:
The Visual Analytics Market is segmented by Component, Service, Business Function, Deployment Model, Organization Size, and Industry.

Based on the Service, the market is segmented into Managed services, and Professional services. Managed services segment is expected to hold the largest market share of xx% by 2029. Managed Analytics services provide real business insights and assist firms in identifying key performance indicators (KPIs) within data, allowing for better business decisions. Businesses can reduce Total Cost of Ownership (TCO) and provide quick, responsive access to data and real-time operations with Managed Analytics solutions.Based on the Industry, the market is segmented into Banking, Financial Services, and Insurance (BFSI), Telecom and IT, Retail and Consumer goods, Healthcare and Life Sciences, Manufacturing, Government and Defense, Energy and utilities, Media and entertainment, Transportation and logistics, and others (travel and hospitality, education, and eCommerce). Banking, Financial Services, and Insurance (BFSI) segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. The demand to simplify security-related workloads is growing, as is the increasing reliance on data supplied by various Information Technology (IT) systems used in financial transactions.

Transportation and logistics segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. This is due to the rising requirement to store and handle data from various connected transportation devices and logistics record systems utilised across transportation and logistics businesses.
Visual Analytics Market Regional Insights:
The North American region is expected to dominate the Visual Analytics Market during the forecast period 2023-2029. The North American region is expected to hold the largest market share of xx% by 2029. Because of technological advancements and uses of visual analytics across numerous industries, as well as the convergence of IoT, big data, and cloud technologies in the North American region.

Europe region is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. On the strength of rising demand for business intelligence technology aimed at improving business productivity in the Europe region.

Asia Pacific region is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. The usage of visual analytics is gradually rising in the Asia-Pacific region, leading to rising investments in research and development. Several businesses in the region are currently employing visual analytics solutions. Furthermore, growing countries such as Japan, Singapore, China, and India, which are heavily investing in technology, as well as the presence of different manufacturing industries, are expected to drive market growth in this region.

The objective of the report is to present a comprehensive analysis of the Global Visual Analytics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

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


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 6.87 Bn.


Forecast Period 2023 to 2029 CAGR:
20.4%
Market Size in 2029:
US $ 25.21 Bn


 Segments Covered:
by Component
• Software
• Services


by Service
• Managed services
• Professional services


by Business Function
• IT
• Sales and marketing
• Supply chain
• Finance
• Human resources (HR)
• Others (product management and shop floor)


by Deployment Model
• On-Premises
• On-Demand


by Organization Size
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises


by Industry
• Banking, Financial Services, and Insurance (BFSI)
• Telecom and IT
• Retail and Consumer goods
• Healthcare and Life Sciences
• Manufacturing
• Government and Defense
• Energy and utilities
• Media and entertainment
• Transportation and logistics
• Others (travel and hospitality, education, and eCommerce)


by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)



Visual Analytics Market Key Players are:
• Microsoft Corporation
• Alteryx
• Qilik
• Oracle Corporation
• IBM
• SAP SE
• Microstrategy
• Tableau Software
• TIBCO Software
• SAS Institute
• ADVIZOR Solutions Pvt. Ltd.
• Visual Analytics LLC
• Wilson Visual Analytics
• Chi Squared Visual Analytics
• Host Analytics Inc

Frequently Asked Questions:

1] Which region is expected to hold the highest share in the Visual Analytics Market?
Ans. North America is expected to hold the highest share in the Visual Analytics Market.

2] Who are the top key players in the Visual Analytics Market?
Ans. Microsoft Corporation, Alteryx, Qilik, Oracle Corporation, IBM, and SAP SE are the top key players in the Visual Analytics Market.

3] Which segment is expected to hold the largest market share in the Visual Analytics Market by 2029?
Ans. Managed Services segment is expected to hold the largest market share in the Visual Analytics Market by 2029.

4] What is the market size of the Visual Analytics Market by 2029?
Ans. The market size of the Visual Analytics Market is expected to reach US$ 25.21 Bn. by 2029.

5] What was the market size of the Visual Analytics Market in 2022?
Ans. The market size of the Visual Analytics Market was worth US$ 6.87 Bn. in 2022.