What is the Projected Market Size And Growth Rates For Global Data Visualization Tools Market?
The data visualization tools market size has witnessed robust growth and is set to continually expand. It grew from $8.55 billion in 2024 to $9.52 billion in 2025 at a compound annual growth rate (CAGR) of 11.3%. This growth in the historic period can be attributed to increased complexity of data, the emergence of data-driven decision making, the globalization of businesses, regulatory compliance, a surge in demand for real-time insights, and user-friendly interfaces.
The market is anticipated to advance further in the coming years, reaching $15.75 billion in 2029 at a compound annual growth rate (CAGR) of 13.4%. This forecast period growth can be attributed to a stronger focus on predictive analytics, enhanced cybersecurity visualization, customization and personalization, data democratization, and growing interest in sustainability analytics. Also, increased adoption of self-service business intelligence, advancements in augmented analytics, real-time and streaming data visualization, focus on mobile-friendly visualizations, integration with data preparation tools, data governance and security features, focus on accessibility and inclusivity are the major trends fueling market growth.
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What Are the Key Growth Drivers in the Data Visualization Tools Market?
The remarkable growth in big data is propelling the growth of the data visualization tools market. Big data refers to massive, complex volumes of organized and unstructured data that inundate businesses daily. As the sources of big data, such as social media, streaming data, and publicly available data increase, visualization is becoming a crucial tool to comprehend the trillions of rows of data generated each day. For instance, in July 2022, data published by EarthWeb showed WhatsApp users made over 55 million video calls and sent over 65 billion messages daily. This figure rose to 100 billion messages every day in 2020, thus highlighting the growth in big data and the concurrent need for data visualization tools.
Which Are the Significant Segments in the Data Visualization Tools Market?
– By Tool: Standalone, Integrated
– By Business Function: Marketing And Sales, Human Resources, Operations, Finance
– By Deployment Mode: On-Premises, Cloud
– By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
– By Vertical: Banking, Financial Services And Insurance (BFSI), Government, Healthcare And Life Sciences, Retail And E-Commerce, Manufacturing, Transportation And Logistics, Telecommunications And Information Technology (IT), Other Verticals
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Who Are the Major Players in the Data Visualization Tools Market?
Major market players include Tableau Software, SAP SE, The International Business Machines Corporation, Oracle Corporation, Microsoft Corporation, Alibaba Group Holding Limited, Alteryx Inc., Amazon Web Services Inc., Domo Inc., Dundas Data Visualization Inc., GoodData Corporation, Klipfolio Inc., QlikTech International AB, Salesforce Inc., SAS Institute Inc., Sisense Inc., TIBCO Software Inc., Zegami Ltd., HeapAnalytics Inc., Looker Data Sciences Inc., Google Data Studio, SAP Lumira, MicroStrategy, Yellowfin Business Intelligence, Slemma, Zoho Corporation Pvt. Ltd., Datawrapper Gmbh, ThoughtSpot Inc., Periscope Data Inc.
What are the Key Trends in the Data Visualization Tools Market?
Technological advancement is a key trend in the data visualization tools market. Major market players are focusing on creating new technical advancements to boost their competitiveness. For example, in September 2024, the U.S.-based company GrubMarket launched the GrubAssist Charts, an AI-powered data visualization tool that helps food supply chain businesses visualize complex data through dynamic, easy-to-understand charts and graphs.
Which Region Is Poised for Rapid Growth in the Data Visualization Tools Market?
In 2024, North America was the dominant player in the data visualization tools market while Asia-Pacific is projected to be the fastest-growing region. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Data Visualization Tools Market Report 2025 Offer?
Data visualization tools refer to software programs that present information visually, such as in graphs, charts, or heat maps, for data analysis. These tools facilitate working with and understanding vast volumes of data. They transform unprocessed data into knowledge, enhancing data presentation, transparent reporting, scalability with data integration, and data visualization in an intelligent and unique approach. The Data Visualization Tools Market research report offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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