PUBLISHER: The Business Research Company | PRODUCT CODE: 1658974
PUBLISHER: The Business Research Company | PRODUCT CODE: 1658974
Data visualization tools are software programs designed to visually represent information, utilizing graphs, charts, or heat maps to facilitate data analysis. These tools play a crucial role in working with and comprehending large datasets, enabling the transformation of raw data into actionable knowledge. They contribute to data presentation, transparent reporting, scalability with data integration, and unique and intelligent data visualization approaches.
The primary types of data visualization tools include standalone and integrated options. Standalone tools are utilized by data scientists and analysts for creating advanced visualizations and dynamic charts tailored to specific needs. They enable teams to amalgamate data from diverse sources, often serving as fundamental data tools. These tools find application in both large enterprises and small and medium-sized enterprises across various functional areas such as marketing and sales, human resources, operations, and finance. Data visualization tools are employed in a range of industries including BFSI, government, healthcare and life sciences, retail and eCommerce, manufacturing, transportation and logistics, as well as in telecommunications and IT, spanning various verticals.
The data visualization tools market research report is one of a series of new reports from The Business Research Company that provides data visualization tools market statistics, including data visualization tools industry global market size, regional shares, competitors with a data visualization tools market share, detailed data visualization tools market segments, market trends and opportunities, and any further data you may need to thrive in the data visualization tools industry. This data visualization tools market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The data visualization tools market size has grown rapidly in recent years. It will grow from $8.55 billion in 2024 to $9.52 billion in 2025 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to increased complexity of data, growing awareness of data-driven decision making, globalization of businesses, regulatory compliance, demand for real-time insights, user-friendly interfaces.
The data visualization tools market size is expected to see rapid growth in the next few years. It will grow to $15.75 billion in 2029 at a compound annual growth rate (CAGR) of 13.4%. The growth in the forecast period can be attributed to increased focus on predictive analytics, enhanced cybersecurity visualization, customization and personalization, data democratization, focus on sustainability analytics. Major trends in the forecast period include increased adoption of self-service bi, 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.
The anticipated growth in big data is set to drive the expansion of the data visualization tools market. Big data, characterized by vast and intricate volumes of organized and unstructured data inundating businesses daily, emanates from diverse sources like social media, streaming data, and publicly available data. Visualization is becoming increasingly crucial as a tool to comprehend the trillions of rows of data generated each day. As an illustration, data published by EarthWeb in July 2022 revealed significant user engagement on WhatsApp, with over 55 million video calls and more than 65 billion messages exchanged daily in 2020. This daily message count surged to an impressive 100 billion by 2022. The surge in big data is a potent driver propelling the data visualization tools market.
The upward trajectory in the demand for Internet of Things (IoT) devices is expected to be a catalyst for the growth of the data visualization tools market. IoT devices, equipped with sensors, software, and connectivity features, enable the collection, exchange, and transmission of data over the internet. These devices contribute valuable data to Data Visualization Tools, empowering organizations to gain insights, make informed decisions, and optimize operations across various industries. Integrating IoT-generated data with visualization tools enhances the capability to understand complex systems and trends in real time. According to Akamai Technologies Inc., IoT connections are projected to increase from 15.1 billion in 2021 to 23.3 billion in 2025. The growing demand for IoT devices stands as a pivotal driver for the data visualization tools market.
Technological advancement is a significant trend in the data visualization tools market. Key players in this market are focusing on developing new technical innovations to enhance their competitiveness. For example, in September 2024, GrubMarket, a US-based food technology company, introduced GrubAssist Charts, an AI-powered data visualization tool. This feature is a robust component of GrubMarket's enterprise AI assistant, GrubAssist, aimed at assisting food supply chain businesses in visualizing complex data through dynamic, easy-to-understand charts and graphs. Users can create intuitive visual reports tailored to their specific needs using natural language commands, enabling them to track key performance indicators (KPIs), analyze sales trends, and monitor profitability across vendors and customers. Available on both desktop and mobile, this feature streamlines data interpretation for business leaders, analysts, and sales teams, facilitating more informed decision-making at a glance.
Major companies in the data visualization market are innovating with new technological products to bolster their market position and profitability. One such innovation is Streams, a macro data visualization engine introduced by Reveal, a US-based software company in August 2022. Streams is designed to map vast volumes of data and consolidate strands of conversation into a single AI-powered display capable of recognizing patterns and ideas. Notably, Streams offers a macro perspective of the data, allowing users to grasp the big picture and identify patterns, contributing to the continuous advancement and profitability of the data visualization tools market.
In August 2022, Insightsoftware, a leading US-based software company, successfully completed the acquisition of Dundas Data Visualization Inc. The financial details of the transaction were not disclosed. This strategic move is geared towards enhancing insightsoftware's existing Logi products and expanding its capabilities in embedded analytics. The incorporation of the Dundas platform is expected to bring significant improvements to insightsoftware's Logi products. Dundas Data Visualization Inc., the acquired company, is based in Canada and is recognized for its expertise in software solutions. This acquisition underscores insightsoftware's commitment to strengthening its position in the software market and delivering enhanced value to its customers through advanced analytics offerings.
Major companies operating in the data visualization tools market are 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.
North America was the largest region in the data visualization tools market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data visualization tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the data visualization tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The data visualization tools market consists of sales of scatter plots, bar charts, heat maps, line graphs, pie charts, area charts, choropleth maps and histograms. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Data Visualization Tools Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on data visualization tools market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for data visualization tools ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The data visualization tools market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.