The visual analytics market is expected to reach $28.9 billion

Portland, OR, Sept. 05, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the visual analytics market generated $6.5 billion in 2021 and is expected to reach $28.9 billion by 2031, growing at a CAGR of 16.2% from 2022 to 2031. changing market trends, market size and estimates, value chain, key investment pockets, drivers and opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, early adopters and stockholders in introducing necessary strategies for the future and taking essential actions to significantly strengthen and increase their position in the market.

Report coverage and details:

Report cover Details
Forecast period 2022–2031
base year 2021
Market size in 2021 $6.5 billion
Market size in 2031 $28.9 billion
CAGR 16.2%
Number of pages in the report 325
Segments Covered Offer, deployment model, application, company size, vertical, and region.
Drivers Rise in demand for digital technology resources
Increase in internet penetration
Opportunities Significant increase in adoption of advanced visualization technology
Prevalence of exponential growth in the volume and variety of enterprise data
holds back Exorbitant cost of installation and security issues
Lack of qualified professionals

COVID-19 scenario:

  • The COVID-19 outbreak has had a positive impact on the growth of the global visual analytics market, owing to the occurrence of lockdowns in various countries across the globe.
  • The closures have resulted in the closure of various manufacturing facilities, amusement parks, physical stores, hotels, restaurants, travel and others.
  • In addition, all kinds of commercial and business workplaces have also been shut down, which has enabled companies to increasingly adopt advanced visual analysis technology to improve overall business growth.
  • Furthermore, the visual analytics industry has witnessed a boom in new investments owing to the surge in the adoption of innovative technologies by leading players. Thus, businesses and customers are becoming increasingly dependent on digital channels, which has subsequently expanded the growth of the market.

Download the sample report (325-page PDF with information) at:

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The report offers detailed segmentation of the global visual analytics market based on supply, deployment model, application, company size, industry vertical, and region. The report provides a comprehensive analysis of each segment and their respective sub-segment using graphical and tabular representation. This analysis can essentially help market players, investors and new entrants to determine and design strategies based on the fastest growing and highest revenue generating segments mentioned in the report.

Based on supply, the solutions segment held the dominant market share in 2021, holding more than two-thirds of the global market, and is expected to maintain its leading status during the forecast period. The services segment, on the other hand, is expected to quote the fastest CAGR of 18.0% during the forecast period.

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Based on enterprise size, the large enterprise segment held the largest market share in 2021, holding nearly three quarters of the global market, and is expected to maintain its leading status over the forecast period. The SME segment, on the other hand, is expected to quote the fastest CAGR of 19.0% during the forecast period.

Based on the deployment model, the on-premises segment held the dominant market share in 2021, holding nearly three-fifths of the global market, and is expected to maintain its leading status during the forecast period. The cloud segment, on the other hand, is expected to quote the fastest CAGR of 17.0% during the forecast period.

According to the region, North America market held the dominant market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leading status during the forecast period. The Asia-Pacific region, on the other hand, is expected to quote the fastest CAGR of 19.1% during the forecast period.

Get a detailed analysis of the impact of COVID-19 on the Visual Analytics Market:

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Key players analyzed in the Global Visual Analytics Market report include Alteryx, Inc., DataDeck, Data Clarity, Geckoboard Software, IBM Corporation, Locii Solutions Ltd., Microsoft Corporation, MicroStrategy Incorporated, Nexidia Inc., Oracle Corporation , Orbital Insight, Qlik , SAP SE, SAS Institute Inc., Tableau Software Inc., TIBCO Software Inc. and Ubiq.

The report analyzes these key global market players the visual analytics industry. These market players have effectively used strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is useful for analyzing recent developments, product portfolio, business performance, and operating segments of major market players.

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About Us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, CEO of Allied Market Research, directs the organization towards the provision of high quality data and information. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.


        

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