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:

The purpose of this study is to provide a thorough examination of the Visual Analytics Market by component, application, industry, and geography. The study goes into great detail on the primary factors influencing the Visual Analytics market’s growth. The study also offers a comprehensive analysis of the market’s value chain.

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Visual Analytics Market Scope:

The research method used to assess and anticipate the Visual Analytics market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segmentation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Visual Analytics market was calculated using the revenue of significant enterprises.

Visual Analytics Market Drivers:

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.

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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)

Visual Analytics Market Key Players:

The major players covered in the Visual Analytics market report are
Siemens AG

• 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
Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

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COVID-19 Impact Analysis on Visual Analytics Market:

Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 epidemic. COVID-19 has had an impact on the Visual Analytics market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spreads. Our most recent inquiry, opinions, and bits of knowledge on administration are critical to the businesses and associations in the Visual Analytics industry, which is driving through the COVID-19 emergency to handle risk digitizing jobs in order to convey trusted data and experiences to the CEOs.

Key Questions Answered in the Visual Analytics Market Report are:

Which segment grabbed the largest share in the Visual Analytics market?
How was the competitive scenario of the Visual Analytics market in 2020?
Which are the key factors responsible for the Visual Analytics market growth?
Which region held the maximum share in the Visual Analytics market in 2020?
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