Visual Analytics Market Size & Analysis - Forecasts To 2025 By Deployment Type (On-Premises, Cloud); By Application (Market Intelligence Management, Risk & Compliance Management, Business Process Management, Facilities Management, Data Analysis Applications), By Vertical (Consumer Goods & Retail, BFSI, Transportation & Logistics, IT & Telecom, Healthcare, Education, and Others), By Region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa); End-use Landscape; Vendor Landscape and Competitive Landscape - Global Market Estimates
Visual Analytics Market Insights
The global visual analytics market is projected to grow at a CAGR of more than 20% over the forecast period. The market is expected to be influenced by industry streamlining, new business models, demand for improved modes of visual exploration of data among others.
Visualization tools such as graphs, charts, and pivot tables widgets enable users to create their reports and dashboards on their own. These tools are extremely helpful in defining data in an easy and interpretable term, which is further likely to boost the market growth. However, lack of skilled personnel is anticipated to restrain the overall market growth.
Visual Analytics Market: Deployment-Type Insights
Based on deployment, the visual analytics market is divided into Cloud and on-premise. Cloud-based application segment held the major market share in 2016 due to its growing use and adaptability amongst companies across all verticals. On-premise deployment segment is expected to lose revenue share to cloud due to the rising demand for low initial investment cost.
Visual Analytics Market: Application Insights
Based on application, the visual analytics market is divided into Business Process Management, Market Intelligence Management, Risk & Compliance Management, Facilities Management, and Data Analysis Applications.
Visual analytics application segment includes effective data handling strategies to integrate and standardize data coming from various source systems. Visual analytics is particularly used to handle large & complex data structures and analytical processes that require a higher degree of monitoring and interaction.
Visual Analytics Market: Vertical Insights
The visual analytics market is segmented into BFSI, Transportation & Logistics, Consumer Goods & Retail, Healthcare, and Education amongst others, based on verticals. The CPG and retail segment recorded the highest market share in 2016. It is further anticipated to gain a significant market share over the forecast period owing to the huge volumes of complex multi-structured data.
Visual Analytics Market: Regional Insights
North America accounted for the largest market share in 2016 mainly due to the factors such as convergence of IoT, cloud, and big data. The market for visual Analytics in Europe is anticipated to witness significant growth due to presence of large number of companies, using business intelligence technology for enhancing their business productivity. Asia Pacific is also likely to grow over the coming years due to rising investments in R&D and increased implementation of visual Analytics.
Visual Analytics Market: End-Use Landscape
The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from global visual analytics market. The major consumers of the product are UBS, Tesco PLC., and McKesson among others.
Visual Analytics Market: Competitive Landscape
The key companies profiled in the visual analytics market include Arcadia Data, Microsoft, SAS Institute, QlikTech International, SAP, Tableau Software, Alteryx, BeyondCore, Datameer, Datawatch, Logi Analytics, MicroStrategy, Oracle, OpenText (Actuate), Pentaho, Platfora, Sisense, Teradata, and TIBCO Software amongst others.
Please note: This is not an exhaustive list of companies profiled in the report.
In September 2016, Zoomdata, a visual analytics platform provider entered into the partnership with Teradata, an analytics solution company to deliver combined visual analytics solutions.
In September 2016, Greenwave Systems acquired Predixion Software, a real-time visual analytics provider.
In October 2015, NetSuite, a software provider announced its partnership with Tableau software, a visual analytics provider to deliver visual analytics-based solutions to customers of NetSuite.
Check the Press Release on Visual Analytics Market Analysis Report
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The global Visual Analytics Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Visual Analytics Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies, and customer analytics.
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