NEW YORK, Dec. 20, 2021 /PRNewswire/ -- Some of the primary growth drivers for the visual analytics market are the growing availability and complexity of data, accelerating data use in industries, and increased dependency on the Internet for critical operations, according to a senior analyst at Technavio.
The availability of a large volume of data as well as the rapidly growing data complexity in organizations are the major reasons for the development of various intelligence-based data analysis techniques. Intelligent techniques that involve technologies such as ML and AI can help companies retrieve the huge amount of complex data in a useful manner and then use that data to enhance their services and business processes. This, in turn, is expected to drive the growth of the market for visual analytics.
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The visual analytics market size is expected to grow by USD 4.39 bn from 2020 to 2025. The market is expected to post a year-over-year growth rate of 9.23%. This report by Technavio provides detailed insights to help organizations make confident business decisions.
Key Vendors and Their Offerings
Market Segmentation Analysis
Regional Analysis
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Visual Analytics Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.32% |
Market growth 2021-2025 |
USD 4.39 billion |
Market structure |
Fragmented |
YoY growth (%) |
9.23 |
Regional analysis |
North America, APAC, Europe, MEA, and South America |
Performing market contribution |
North America at 35% |
Key consumer countries |
US, China, UK, Germany, and India |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Altair Engineering Inc., Alteryx Inc., Arcadia Data Inc., Datameer Inc., International Business Machines Corp., Microsoft Corp., QlikTech international AB, SAP SE, SAS Institute Inc., and Tableau Software LLC |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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