Data Visualization Tools Global Market By Component, By Deployment Mode, By Organization Size, By Application, By Region And Segment Forecasts, 2024-2033 | Tableau Software, SAP SE, Oracle Corporation, Microsoft Corporation, Alteryx Inc.

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The Data Visualization Tools Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Data Visualization Tools Global Market Report 2024, The data visualization tools market size has grown rapidly in recent years. It will grow from $7.77 billion in 2023 to $8.75 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to increased complexity of data, growing awareness of data-driven decision making, globalization of businesses, regulatory compliance, demand for real-time insights, user-friendly interfaces..

The data visualization tools market size is expected to see rapid growth in the next few years. It will grow to $13.82 billion in 2028 at a compound annual growth rate (CAGR) of 12.1%. The growth in the forecast period can be attributed to increased focus on predictive analytics, enhanced cybersecurity visualization, customization and personalization, data democratization, focus on sustainability analytics.. Major trends in the forecast period include increased adoption of self-service bi, 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..

The growth in big data is expected to propel the growth of the data visualization tools market. Big data is the enormous, complicated volumes of organized and unstructured data that daily inundate businesses. Sources of big data include social media, streaming data, and publicly available data. Visualization is becoming an increasingly important tool to understand the trillions of rows of data produced each day. For instance, in July 2022, according to the data published by EarthWeb, a US-based resource discovery platform, WhatsApp users made over 55 million video calls every day and sent over 65 billion messages daily, in 2020, that increased to 100 billion messages every day. Therefore, the growth in big data is driving the data visualization tools market.

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The data visualization tools market covered in this report is segmented –
1) By Tool: Standalone, Integrated
2) By Business Function: Marketing and Sales, Human Resources, Operations, Finance
3) By Deployment Mode: On-Premises, Cloud
4) By Organization Size: Large Enterprises, Small and Medium-Sized Enterprises (SMEs)
5) By Vertical: Banking, Financial Services And Insurance (BFSI), Government, Healthcare and Life Sciences, Retail and eCommerce, Manufacturing, Transportation and Logistics, Telecommunications and Information Technology (IT), Other Verticals

Technological advancement is a key trend in the data visualization tools market. Major players in the data visualization tools market are concentrating on creating new technical advancements to improve their competitiveness. For instance, in March 2021, Tableau Software, a US-based company operating in data visualization tools, launched a version of the data visualization platform. This version of the data visualization platform is integrated with Einstein Discovery’s predictive modelling and machine learning technology. This technology provides the user with real-time predictions and recommendations. Along with that, the platform had additional features, such as Microsoft Azure connectivity and a redesigned notification experience.

The data visualization tools market report table of contents includes:
1. Executive Summary