The global visual analytics market size is expected to reach USD 28.76 Billion at a steady revenue CAGR of 20.4% in 2030, according to a latest analysis by Emergen Research. Rapid growth in volume and variety of business data can be attributed to a steady market revenue growth of visual analytics. In order to improve their business decision-making process and accelerate performance, businesses are increasingly integrating data analytics and visualization tools. There are a number of benefits to using visual analytics for business data.
Some of which include enhanced data exploration and analysis, as well as reduced overall cost, faster and better data comprehension for quicker and better decision-making, higher data consumption in less time, and increasing operational effectiveness. Early identification of otherwise unnoticed patterns, outliers, and connections between data sets could give an advantage in the market. Real-time updates and immediate feedback ensure that the data is correct and up to date as well.
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A recent trend in the market is the integration of Artificial intelligence (AI) and Machine Learning (ML) to make data visualization creation smarter. AI and ML are two fields experiencing tremendous technical developments and are frequently being used in novel ways for business goals. Data visualizations are also becoming more and more dependent on these new technologies. There is an abundance of data that has been gathered from a wide range of sources, including internal systems such as Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) programs, as well as external sources like the web and streaming data.
The report further sheds light on the competitive landscape of the Visual Analytics Market to offer the readers an advantage over others. The competitive landscape section of the report talks about the recent advancements in the R&D and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.
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Report Objective:
The report offers a complete analysis of the global Visual Analytics market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreements, and collaborations. IBM Corporation, Oracle Corporation, SAP, SAS Institute Inc., Tableau Software, LLC, Microsoft, MicroStrategy Incorporated, TIBCO Software Inc., QlikTech International AB, and Alteryx, Inc. and others are some of the top companies profiled in the report.
Emergen Research has segmented the global visual analytics market on the basis of component, deployment model, industry, and region:
Component Outlook (Revenue, USD Million; 2019–2030)
Software
Services
Deployment Model Outlook (Revenue, USD Million; 2019–2030)
On-Premises
On-Demand
Industry Outlook (Revenue, USD Million; 2019–2030)
Banking, Financial Services, & Insurance
Telecom & IT
Retail & Consumer Goods
Healthcare & Life Sciences
Manufacturing
Government & Defense
Energy & Utilities
Transportation & Logistics
Media & Entertainment
Others
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Regional Analysis:
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
Key Questions Answered in the Report:
What will be the estimated growth rate of the Visual Analytics market by 2030?
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the driving and restraining factors of the growth of the Visual Analytics market throughout the forecast period?
What are the current and future market trends of the Visual Analytics market?
What are the sales and price analysis of the product by types, applications, and regions?
What are the expected opportunities for the companies and new entrants in the coming years?
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