Throughout the projected period, the BFSI segment is likely to drive market growth. The end use verticals of the data visualisation tools market include BFSI, government, healthcare, retail and E-commerce, manufacturing, communications, IT, and logistics. The BFSI sector is expected to dominate the market over the forecast period. Sales managers may use data visualisation tools to analyse sales performance against quarterly revenue targets, the proportion of concluded deals, and the status of deal stages in the sales funnel, which has led to market growth. The market is hampered by a scarcity of competent personnel.
According to Coherent Market Insights, The global Data Visualization Tools Market was valued at US$ 5.1 Bn in 2020 and is expected to reach US$ 11.6 Bn by 2028 at a CAGR of 11.1% between 2021 and 2028.
Market Leaders in the Data Visualization Tool Industry:
1. Tableau Software Inc.
Developer of an analytics and visualization software designed to solve problems. The company develops and sells software that enables customers to visualize and analyze data through a single, easy-to-use platform, primarily delivered as an on-premises solution, enabling its customers for secure and flexible analytical platform. The company was founded in 2003, headquartered in Seattle, U.S.
2. IBM
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.
3. Oracle Corporation
Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Oracle Corporation was founded in 1977 and is headquartered in Austin, Texas.
4. Microsoft Corporation
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Microsoft Corporation was founded in 1975 and is headquartered in Redmond, Washington.
5. AWS
AWS is a computer software company that serves as an independent resource for Amazon Web Services news. Amazon Web Services is a provider of a cloud-based web platform intended to offer information technology infrastructure services. The company's services are offered via a scalable computing platform in the cloud including cloud computing, compute, networking, storage and content delivery, databases, analytics, application services, deployment and management, mobile services, and investments enabling e-commerce startups to build and grow their cloud business while accelerating their sales online. The company was founded in 2004, headquartered in U.S.
6. Dundas Data Visualization Inc.
Dundas Data Visualization is a leading, global provider of enterprise-ready Business Intelligence (BI) and Data Visualization solutions. Dundas BI offers an innovative, end-to-end, fully customizable business intelligence and data visualization solution allowing users to connect, interact and visualize, any data on any device. The company was founded in 1992, headquartered in Ontario, Canada.
7. TIBCO Software Inc.
TIBCO unlocks the potential of real-time data for making faster, smarter decisions. Company has Connected Intelligence platform seamlessly connects any application or data source; intelligently unifies data for greater access, trust, and control; and confidently predicts outcomes in real time and at scale. The company was founded in 1997, headquartered in U.S. acquired by Vista Equity partner.
8. Qlik
Qlik simplifies the way people use data by making it a natural part of how they make decisions. We help people to do more than just report findings. The company was founded in 1993, headquartered in Pennsylvania, U.S. acquired by Thomas Bravo.
9. SAS Institute Inc.
SAS provides business analytics software and services, and is the largest independent vendor in the business intelligence market. SAS helps organizations anticipate business opportunities, empower action and drive impact. They do this through advanced analytics that turn data about customers, performance, and Financials.The Company was founded in 1976, headquartered in North Carolina, U.S.
*Definition-Rankings, dashboards, business intelligence, graphics, analytics, and big data are all examples of data visualisation applications.
