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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Data visualization is a term that covers a wide range of applications such as rankings, dashboards, business intelligence, graphics, analytics, and big data. These are just a few of the technologies and concepts that use the notion of displaying data. It enables organizations to generate meaningful reports from an ever-increasing, diverse, and massive quantity of business data.

The retail business has been collecting a large quantity of data in recent years through various channels such as blogs and social media sites. The bulk of the unstructured data created is never used, even though it has the potential to give valuable information if used appropriately. Data visualization tool benefits company in a variety of ways, including improved comprehension, accurate data analysis, better decision making, increased sales, and discovery of various trends and patterns in the competitive market.

Data visualization facilitates in the identification of inter-relationships between multi-dimensional collections of data as well as providing useful characteristics for comprehending them. As a result, the majority of small, medium, and large businesses are using data visualization techniques to analyze consumer purchasing and other business operating trends in order to anticipate their future sales tactics. The global data visualization tools market is expected to develop significantly owing to the growing interest in visual analytics and scientific visualization among small and big businesses. The development of Internet of Things (IoT) and artificial intelligence (AI) technologies is expected to result in a huge data pool for both unstructured and structured data, allowing the industry to develop more rapidly in the future.

Capturing, storing, analyzing, sharing, finding, and displaying data are the most difficult aspects of Big Data. When statistics are represented graphically, it is far easier for human brain to see patterns and make decisions based on them. Data visualization is a simple and rapid approach to communicate and depict complicated information. The visualization tools should be able to offer with interactive visualization at the lowest feasible latency. Some of the most popular visualization tools in market include Tableau, Microsoft Power BI, Microsoft Excel, Plotly, and Gephi.

Global Data Visualization Tools Market - Impact of Coronavirus (Covid-19) Pandemic

The market for data visualization tools have seen several advancements, particularly in tools supplied by industry companies. Various sectors such as retail, manufacturing, and energy & utilities have witnessed a modest drop as a result of the COVID-19 pandemic, although certain verticals such as government, BFSI, and healthcare & life sciences have seen a little impact. Simple data visualizations have been frequently used to communicate important information to the public about the COVID-19 epidemic. The most attractive changes that have occurred as a result of the COVID-19 scenario are that firms who excel at dashboard creation combine analytics and decision-making techniques and distribute them widely across all linked channels.

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Data Visualization Tools Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 5.1 Bn
Historical Data for: 2017 to 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 11.1% 2028 Value Projection: US$ 11.6 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, New Zealand , South Korea, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Deployment: On-premise and Cloud
  • By Tool: Standalone and Integrated
  • By Organization Size: Large Enterprises, Small and Medium Enterprises (SMEs)
  • By End Use Vertical: BFSI, IT and Telecom, Retail and E-commerce, Healthcare, Manufacturing, Government, and Other
Companies covered:

Tableau Software Inc., SAP SE, IBM, Oracle Corporation, Microsoft Corporation, AWS, Sisense, Dundas Data Visualization Inc., TIBCO Software Inc., Qlik, GoodData, Domo, Klipfolio, Datafay, Whatagraph, Databox, Datapine, Alteryx, SAS Institute Inc., Alibaba Cloud, and MATLAB.

Growth Drivers:
  • The rising need for an interactive view of data
  • Technological advancement in data visualization tools
  • Increase in investment by companies for development of more interactive data visualization tool
Restraints & Challenges:
  • Lack of skilled professionals

North America held dominant position in the global data visualization tools market in 2020.

Statistics:

North America held dominant position in the global data visualization tools market in 2020, accounting for 34.2% share in terms of value.

Figure 1: Global Data Visualization Tools Market Share (%), By Region, 2020

Data Visualization Tools  | Coherent Market Insights

Among regions, North America is expected to exhibit significant growth during the forecast period, in the global data visualization tools market. North America is anticipated to have the biggest market size, while Asia Pacific (APAC) is expected to expand at the fastest CAGR during the forecast period.

BFSI segment is expected to drive the market growth during the forecast period.

Among end use vertical, the BFSI segment is expected to hold dominant position in the global data visualization tools market during the forecast period. The BFSI vertical is expected to account for the largest market size during the forecast period.

Figure 2: Global Data Visualization Tools Market Value (US$ Bn) Analysis and Forecast, 2017 - 2028

Data Visualization Tools  | Coherent Market Insights

The global data visualization tools market was valued at US$ 5.1 Bn in 2020 and is expected to reach US$ 11.6 Bn by 2028 at a CAGR of 11.1% between 2021 and 2028.

Major players operating in the global data visualization tools market include Tableau Software Inc., SAP SE, IBM ,Oracle Corporation, Microsoft Corporation, AWS, Sisense, Dundas Data Visualization Inc., TIBCO Software Inc., Qlik, GoodData, Domo, Klipfolio, Datafay, Whatagraph, Databox, Datapine, Alteryx, SAS Institute Inc., Alibaba Cloud, and MATLAB.

Data visualization is driving a change toward analytically driven businesses, where clients may review data in a variety of graphical representations that were previously only available in tabular reports. The data visualization industry is expected to grow due to the rising use of data visualization in small and medium enterprises (SMEs).

Market Dynamics:

Various factors such as the growing demand for an interactive view of data for faster business decisions and increasing developments in Augmented Reality (AR) and Virtual Reality (VR) to enable the interaction of companies with data in 3D formats, are expected to drive the demand for data visualization tools. Data collected from E-commerce and social media websites is unstructured and difficult to analyze for the businesses.  So these business organizations are increasingly using data visualization technology to plan their operations and forecast their forthcoming product launch or strategy in order to get structured data analysis and market insights. Data visualization tools are used in the cloud enable companies to conduct data analysis in a cost-effective and scalable manner. Through Business Intelligence (BI), organizations can discover business drivers and Key Performance Indicators (KPIs). Companies may use data visualization tools to remove superfluous data and identify patterns, insights, trends, and utilization strategies, allowing them to influence their data. For instance, banks can look at how online consumers arrived at the application page, which can help them figure out how to attract more customers. By using data visualization techniques, companies may get useful insights.

Factors such as a lack of expertise and funding, as well as a lack of technical capabilities for report development, are impeding the global data visualization tools market growth.

Key features of the study:

  • This report is a comprehensive and in-depth research of the global data visualization tools market, with an emphasis on global market trend analysis
  • The report's goal is to give clients a high-level overview of the global data visualization tools market, as well as extensive market segmentation by deployment, tool, organization size End Use Vertical and geography. During the projected period, the global data visualization tools market is predicted to rise rapidly.
  • The research covers major trends and opportunities in the global data visualization tools market, as well as critical information on the market position of the major global data visualization tools market
  • This report includes market size and forecast estimates for five major regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America, from 2020 to 2028. The global data visualization tools market is further segmented by nations and segments in each region.
  • The study explores demand and supply side factors driving the global data visualization tools market, as well as key dynamics impacting the market throughout the projected period, such as drivers, restraints, opportunities, and future trends.
  • With the increased demand for global data visualization tools market in the worldwide industry, key participants in the global data visualization tools market are expected to benefit from attractive growth prospects in the future.
  • Companies covered as a part of this study include Tableau Software Inc., SAPSE, IBM, Oracle Corporation, Microsoft Corporation, AWS, Sisense, Dundas Data Visualization Inc., TIBCO Software Inc., Qlik, GoodData, Domo, Klipfolio, Datafay, Whatagraph, Databox, Datapine, Alteryx, SAS Institute Inc., Alibaba Cloud, and MATLAB.
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics

Detailed Segmentation:

  • Global Data Visualization Tools Market, By Deployment:
    • On-premise
    • Cloud
  • Global Data Visualization Tools Market, By Tool:
    • Standalone
    • Integrated
  • Global Data Visualization Tools Market, By Organization Size:
    • Large Enterprises
    • Small and Medium Enterprises (SMEs)
  • Global Data Visualization Tools Market, By End Use Vertical:
    • BFSI
    • IT and Telecom
    • Retail and E-commerce
    • Healthcare
    • Manufacturing
    • Government
    • Others
  • Global Data Visualization Tools Market, By Region:
    • North America
      • By Deployment:
        • On-premise
        • Cloud
      • By Tool:
        • Standalone
        • Integrated
      • By Organization Size:
        • Large Enterprises
        • Small and medium Enterprises (SMEs)
      • By End Use Vertical:
        • BFSI
        • IT and Telecom
        • Retail and Ecommerce
        • Healthcare
        • Manufacturing
        • Government
        • Others
      • By Country:
        • U.S.
        • Canada
    • Asia Pacific
      • By Deployment:
        • On-premise
        • Cloud
      • By Tool:
        • Standalone
        • Integrated
      • By Organization Size:
        • Large Enterprises
        • Small and medium Enterprises (SMEs)
      • By End Use Vertical:
        • BFSI
        • IT and Telecom
        • Retail and Ecommerce
        • Healthcare
        • Manufacturing
        • Government
        • Others
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • New Zealand
        • South Korea
        • Rest of Asia Pacific
    • Europe
      • By Deployment:
        • On-premise
        • Cloud
      • By Tool:
        • Standalone
        • Integrated
      • By Organization Size:
        • Large Enterprises
        • Small and medium Enterprises (SMEs)
      • By End Use Vertical:
        • BFSI
        • IT and Telecom
        • Retail and Ecommerce
        • Healthcare
        • Manufacturing
        • Government
        • Others
      • By Country:
        • Germany
        • Italy
        • U.K.
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Latin America
      •  By Deployment:
        • On-premise
        • Cloud
      • By Tool:
        • Standalone
        • Integrated
      • By Organization Size:
        • Large Enterprises
        • Small and medium Enterprises (SMEs)
      • By End Use Vertical:
        • BFSI
        • IT and Telecom
        • Retail and Ecommerce
        • Healthcare
        • Manufacturing
        • Government
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East and Africa
      • By Deployment:
        • On-premise
        • Cloud
      • By Tool:
        • Standalone
        • Integrated
      • By Organization Size:
        • Large Enterprises
        • Small and medium Enterprises (SMEs)
      • By End Use Vertical:
        • BFSI
        • IT and Telecom
        • Retail and Ecommerce
        • Healthcare
        • Manufacturing
        • Government
        • Others
      • By Country/Region:
        • GCC Countries
        • South Africa
        • Rest of Middle East and Africa
  • Company Profiles:
    • Tableau Software Inc.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • SAPSE
    • IBM
    • OracleCorporation
    • MicrosoftCorporation
    • AWS
    • Sisense
    • Dundas Data Visualization Inc.
    • TIBCO Software Inc.
    • Qlik
    • GoodData
    • Domo
    • Klipfolio
    • Datafay
    • Whatagraph
    • Databox
    • Datapine
    • Alteryx
    • SAS Institute Inc.
    • Alibaba Cloud
    • MATLAB

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Deployment
      • Market Snippet, By Tool
      • Market Snippet, By Organization Size
      • Market Snippet, By End Use Vertical
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
    • Value Chain Analysis
    • Porter’s Analysis
    • PEST Analysis
    • Impact of COVID-19
  4. Global Data Visualization Tools Market, By Deployment, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Segment Trends
    • On-premise
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Cloud
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  5. Global Data Visualization Tools Market, By Tool, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Segment Trends
    • Standalone
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Integrated
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  6. Global Data Visualization Tools Market, By Organization Size, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Segment Trends
    • Large Enterprises
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Small and Medium Enterprises (SMEs)
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  7. Global Data Visualization Tools Market, By End Use Vertical, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Segment Trends
    • BFSI
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • IT and Telecom
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Retail and E-commerce
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Healthcare
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Manufacturing
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Government
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Other
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  8. Global Data Visualization Tools Market, By Region, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2021 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Deployment , 2017–2028 (US$ Million)
      • Market Size and Forecast, By Tool, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Organization Size, 2017–2028 (US$ Million)
      • Market Size and Forecast, By End Use Vertical, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2021 and 2028 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Deployment , 2017–2028 (US$ Million)
      • Market Size and Forecast, By Tool, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Organization Size, 2017–2028 (US$ Million)
      • Market Size and Forecast, By End Use Vertical, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2021 and 2028 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Deployment , 2017–2028 (US$ Million)
      • Market Size and Forecast, By Tool, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Organization Size, 2017–2028 (US$ Million)
      • Market Size and Forecast, By End Use Vertical, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2021 and 2028 (%)
        • China
        • India
        • Japan
        • Australia
        • New Zealand
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Deployment , 2017–2028 (US$ Million)
      • Market Size and Forecast, By Tool, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Organization Size, 2017–2028 (US$ Million)
      • Market Size and Forecast, By End Use Vertical, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2021 and 2028 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Deployment , 2017–2028 (US$ Million)
      • Market Size and Forecast, By Tool, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Organization Size, 2017–2028 (US$ Million)
      • Market Size and Forecast, By End Use Vertical, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country/Region, 2021 and 2028 (%)
        • South Africa
        • GCC Countries
        • Rest of the Middle East and Africa
  9. Competitive Landscape
    • Company Profiles
      • Tableau Software Inc.,
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • SAP SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • IBM
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Oracle Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Microsoft Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • AWS
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sisense
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Dundas Data Visualization
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • TIBCO Software Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Qlik
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • GoodData
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Domo
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Klipfolio
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Datafay
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Whatagraph
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Databox
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Datapine
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Alteryx
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • SAS Institute Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Alibaba Cloud
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
        • Recent Developments/Updates
      • MATLAB
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
        • Recent Developments/Updates
    • Analyst Views
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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FAQgrowicon

Frequently Asked Questions

The global data visualization tools market is expected to reach US$ 11.6 billion by 2028.
The market is expected to witness a CAGR of 11.1% during the forecast period (2021-2028).
The increase in demand of data visualization tools, new investment by companies in data visualization tools and technological advancements are some of the factors expected to drive the growth of market.
BFSI segment held the largest market share among end user vertical and it is further expected to hold the largest market share over the forecast period.
North America region held the largest share in the market in 2020, accounting for 34.2% share in terms of value.
Key players operating in the market include Tableau Software Inc., SAP SE, IBM, Oracle Corporation, Microsoft Corporation, AWS, Sisense, Dundas Data Visualization Inc., TIBCO Software Inc., Qlik, GoodData, Domo, Klipfolio, Datafay, Whatagraph, Databox, Datapine, Alteryx, SAS Institute Inc., Alibaba Cloud, and MATLAB.
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