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Data Visualization Tools Market worth $ 11.79 Billion, Globally, by 2028 at 10.40 % CAGR: Verified Market Research™
A rising need to view the data in interactive three-dimensional formats to spot trends and make faster business decisions, and the increasing developments in AR and VR to enable enhanced visualization of data are the primary drivers of growth of the market.
Jersey City, New Jersey, June 01, 2021 (GLOBE NEWSWIRE) Verified Market Research recently published a report, “
Data Visualization Tools Market” By Tool (Standalone and Integrated), By Organization Size (Large Enterprises and Small & Medium Enterprises), By Deployment Mode (On-Premise & Cloud), By Vertical (Transportations and Logistics, Telecommunications and IT, Manufacturing, Retail and E-Commerce & Others), By Business Function (Human Resources, Marketing, Finance & Operations), and By Geography. According to Verified Market Research, the Global Data Visualization Tools Market was valued at USD 5.36 Bi
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The global data visualization tools market is projected to grow from USD 5.9 billion in 2021 to USD 10.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.6% during the forecast period. Various factors such as the growing demand for an interactive view of data for faster business decisions and increasing developments in Augmented Reality (AR) and Virtual Reality (VR) to enable the interaction of companies with data in 3D formats, are expected to drive the demand for data visualization tools.
The data visualization tools market has witnessed several advancements in terms of tools offered by the industry players. Verticals such as manufacturing, retail, and energy and utilities have witnessed a moderate slowdown, whereas BFSI, government, and healthcare and life sciences verticals have witnessed a minimal impact.