Global Enterprise Data Visualization Platform Market Size By Type (Cloud-Based, On-Premise), By Application (Large Enterpises, SMEs), By Geographic Scope And Forecast

Enterprise Data Visualization Platform Market Size And Forecast

Enterprise Data Visualization Platform Market size was valued at USD 10,866.50 Million in 2022 and is projected to reach USD 25,132.64 Million by 2030, growing at a CAGR of 9.40% from 2024 to 2030.

Data visualization refers to the representation of data or information through visual platforms such as graphs, maps, and charts. It includes the use of dashboards, scores, analytics, big data, and business intelligence (BI) solutions to identify patterns and trends. Data visualization helps to analyze website traffic, improve marketing campaigns, process medical data, and monitor financial conditions to reveal useful insights for decision-making improvement. This platform provides informative resources to identify customer preferences and manage demand and supply for existing and new products. As such, it has many applications in a variety of industries, including business, financial services and insurance (BFSI), information technology (IT), telecommunications, retail, education and manufacturing.

Global Enterprise Data Visualization Platform Market Definition

The increasing use of software consulting and predictive analytics platforms is a major contributor to business growth. Additionally, the growing demand by organizations for interactive and easy data forecasting is driving market growth. Medium and large businesses use data visualization extensively on smartphones, desktops, tablets, and web applications to create customized reports and visual representations of data. Accordingly, the growing demand for interactive dashboards based on unbiased data from social media platforms, email service providers and smart devices is also driving the growth of the business. In addition, many technological innovations such as the integration of artificial intelligence (AI), cloud computing, and virtual reality (VR) solutions are other growth drivers.

Global Enterprise Data Visualization Platform Market Overview

In the last few years, the volume of data generated by various technologies such as the Internet of Things (IoT) and other data sources has grown exponentially. This huge repository contains structured and unstructured data. Companies love business intelligence software that uses advanced techniques like artificial intelligence (AI) to process big data and create better, more informed insights. Additionally, visualization platforms provide incredible levels of customization and granularity for interpreting complex data. For example, in September 2019, Deloitte Touche Tohmatsu Ltd.

One of the main players in the consulting service has launched an advanced general data visualization platform that provides insights based on coding algorithms, and visualization techniques, and improves it through blockchain, machine learning (ML), and big data analytics. , among other things. The integration of these technologies supports the growth of the economy. Visualization platforms enable users to easily understand data and insights from a wide variety of data. These platforms also help decision-makers analyze the relationship between indicators and provide efficient functions and platforms for interpreting data. In addition, many industries such as information technology, services and communications, research and sales, and e-commerce use this technology to identify sales and buyers.

This will help maintain views of historical data as key performance indicators. Companies now use these models and insights to compare current business performance and predict future performance. Software vendors focus on providing visualization platforms with real-time analytics that can be used for predictive analytics. With this feature, companies can focus on accessing new information such as sales data to make informed decisions and create better business strategies. In addition, web visualization that supports predictive analytics can also help generate predictions based on real-time data selected from data visualization platforms. Similarly, the visualization platform enables business leaders and agents to gain insights from a lot of redundant information. This helps managers and agents to provide the best and most efficient service to their customers. With all these features and functions, platforms that support predictive analytics are now commercially available.

The growth of the business is mainly driven by the increase in data visualization, visual analytics, and visual research by businesses and businesses. For example, in August 2019 Salesforce.com, Inc. acquired Tableau Software, LLC to enhance its analytics capabilities and provide customers with AI-driven insights. In the current COVID-19 virus outbreak, some businesses and companies are using software for adequate confirmation and tracking of the spread and analysis of the outbreak. However, as the economy grows and the impact of the global pandemic, the market is expected to see less investment and spending, which will affect software usage.

Global Enterprise Data Visualization Platform Market Segmentation Analysis

The Global Enterprise Data Visualization Platform Market is Segmented on the basis of Type, Application, and Geography.

Enterprise Data Visualization Platform Market, By Type

• Cloud-based
• On-premise
• Web-based

Based on Type, the market is segmented into Cloud-based, On-premise, and Web-based. Among these segments, the cloud-based segment is projected to cover more than half of the market share throughout the forecast period. This is because business intelligence software is advancing to improve data interpretation and gain a better understanding of global markets. For example, in July 2019 Morecambe Bay University Hospital NHS Foundation Trust (UHMBT) in the UK collaborated with QlikTech International AB. They use advanced analytics to address patient care and increase patient productivity in their daily work.

 Enterprise Data Visualization Platform Market, By Application

• Large Enterpises
• SMEs

Based on Application, the market is segmented into Large Enterpises and SMEs. The main market segment should be the market leader during the forecast period. The adoption of high-visibility platforms by large businesses is essentially driving the growth of the market. However, the middle segment of the business should present significant revenue growth opportunities during the forecast period. This is because of the focus on data visualization and visual analysis.

 Enterprise Data Visualization Platform Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Based on regional analysis, the Global Enterprise Data Visualization Platform Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America has dominated in the global market. The dominance of the region can be attributed to many factors, including the presence of large tech companies, the use of advanced analytics, and the significant increase in data. The country’s strong technology infrastructure, along with many businesses using data analytics, contributes to the region. There are also established vendors and skilled workers who will strengthen North America’s leading market position for the data visualization industry.

Asia Pacific is experiencing rapid growth and is considered the largest region in the world’s data visualization industry. The market growth in this area can be attributed to factors such as increased use of technology, increased digitization, and increased demand for data analytics across the business. The adoption of data visualization platforms is increasing in countries such as China, Japan, India, and South Korea. The broad consumer base combined with a growing number of startups and SMEs is driving demand for data visualization platforms in the region. In addition, the advancement of e-commerce, digital marketing, and the need for smart business solutions has led to the rapid growth of data visualization, in APAC.

Key Players

The “Global Enterprise Data Visualization Platform Market ” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Tableau, Sisense, Zoomdata, Microsoft, Webstudio, Fanruan, Moojnn, Jos, Periscope Data, Looker, Domo. 

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Enterprise Data Visualization Platform Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Enterprise Data Visualization Platform Market gauge the attractiveness of a certain sector, and assess investment possibilities.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of b