![]() Research and development (R&D) activities to surge technological developments are likely to surge visual analytics deployment in this region. The rising IT infrastructure in various countries of this region is expected to promote global market growth. With a revenue of 20.4%, Europe holds the second position in the visual analytics market share. How is the Growth Prospect for the European Market? Additionally, a robust growth of Logistics and Supply chain management in the region is further expected to drive the market. Furthermore, the emergence of cloud, IoT, and big data is further expected to present significant growth in the market in this region. Robust visual analytics making data accuracy the central focus, is expected to accelerate the market size. This is owing to the booming IT industry in this region and their new innovative strategies. North America is the leading visual analytics market share, with a revenue of 34.2% in 2022. Regional Insights Why is North America a Dominant Market? Furthermore, visual analytics assist in understanding data in simple terms. ![]() Businesses are investing and deploying visual analytics to increase productivity, empower employees, and have benefits. to generate dashboards and reports therefore driving the adoption of visual analytics. Utilizing visualisation tools like charts, graphs, pivot table widgets, etc. The field of logistics and supply chain is predicated to increase investments for information technology to improve data quality which is anticipated to surge market demands. Moreover, the global visual analytics market is likely to experience growth owing to big data and predictive analytics. Growing demand for Advanced Analytics (AA) is a significant factor expected to expand the market share. ![]() This is expected to promote market growth. Visual analytics have grown in popularity as a practical method for obtaining information from enormous data sets to avoid difficulties in processing and effectively using big data. This is expected to increase the demand for visual analytics. Additionally, various industry verticals integrate the deployment of visual analytics due to a paradigm shift in business approaches. This was attributed to the growing need to simplify the workload related to security and the increasing dependence on data generated from various IT systems for financial transactions.īig Data to be a Harbinger to the Growth of the Visual Analytics MarketĪctionable insights and formulation of strategies under the sales and marketing segment significantly improve, through the deployment of visual analytics. The largest visual analytics share was held by the banking, financial services, and insurance (BFSI) industry in 2017. In addition to this, enterprises gain insight into complex problems and leverage new age technology are likely to expand the market size. Visual analytics are used to present raw and unstructured data in a proper format to effectively elicit actionable insight. Furthermore, proper analytics software is required to present data generated for the IT team to perceive the demands of device users, network management, heath and remote monitoring. Visual Analytics Market Projected Growth Rate (2022-2032)įrequency of data analysis, easier data exploration, and increased depth are excited to surge the demand for visual analytics. Visual Analytics Market Anticipated Value (2032) However, the visual analytics market is expected to curb due to a lack of integration with legacy systems.Ĭontrarily, the storing and handling of data from various connected transportation devices and logistics record systems utilized across transportation and logistics businesses, rapidly increasing the requirement, are expected to significantly create lucrative opportunities for the market. This is forecasted to increase the visual analytics market size. ![]() Large end users have dominated the global digital economy with significant investments in AA tools and infrastructure. The global visual analytics market, which is valued at US$ 7,059.8 Mn in 2022, is forecasted to grow at a CAGR of 20.4% from 2022-2032 and is expected to be valued at US$ 45,162.1 Mn by 2032. Visual Analytics Market Outlook (2022-2032)
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