The global market for visual analytics, which was valued at US$ 7,059.8 million in 2022, is anticipated to increase at a CAGR of 20.4% from 2022 to 2032 and reach US$ 45,162.1 million by that time.
The Visual Analytics is one the fastest growing trend in the advanced analytics market. Visual analytics is used to visually represent the information and helps individual to interact directly with the information to gain knowledge, draw conclusions and make quick decisions. The visual representation of the information reduces complex cognitive work needed to perform certain tasks.
People uses visual analytics tools and techniques to create information and derive insight from enormous, active, and often conflicting data by providing timely, unassailable, and understandable calculations.
Get a Sample Copy of Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-4409
Visual analytics helps in making overloaded information into an opportunity. Visual analytics allow decision makers to focus their full cognitive and perceptual capabilities on the analytical process, while allowing them to apply advanced computational capabilities to augment the discovery process.
Visual Analytics Market: Drivers and Challenges
The major factor driving the adoption of visual analytics is the growing demand for analytics tools among enterprises and increased usage of visually driven data. Visually driven data allow users to view, interpret, and analyze information quickly. Also, with the help of visual analytics users can create their reports and dashboards with the help of visualization tools such as charts, graphs, pivot tables widgets and others.
These tools help in defining data in easy and interpretable terms. By investing in a visual analytics tool, these organizations can be sure that they are taking a step in the right direction by empowering users, increasing productivity, and positively impacting the business at large.
The key challenge restraining the market for visual analytics market is the lack of trained personnel who can work on advanced business intelligence tools. Moreover, one cannot completely rely on visual analytics tools as these tools can also have errors. So it can be risky, if the results from these tools are not checked and verified properly. Other challenges are lack of proper governance and data inconsistency.
Ask An Analyst @
https://www.futuremarketinsights.com/ask-the-analyst//rep-gb-4409
Key Developments
In September 2016, Zoomdata, a visual analytics platform provider has entered into the partnership with Teradata, an analytics solution company to provide unified visual analytics solutions. The partnership enables customers to leverage a distributed Teradata environment with a single, unified visual analytics front end.
In September 2016, Greenwave Systems, an IoT and managed service provider has acquired Predixion Software, a real time visual analytics provider. This acquisition will enhance Greenwave’s AXON Platform with advanced visual analytics, enabling real-time data insights across one of the world largest connected networks.
In October 2015, NetSuite, a software provider has entered into the partnership with Tableau software, a visual analytics provider to provide visual analytics based solutions to customers of NetSuite. This partnership is helping both companies to offer combined solutions for visual analytics, deep statistics, seamless business analytics, interactive mapping and others.
In visual Analytics market there are many vendors some of them are Tableau software, Zoomdata, SAS, Qlik, Inet software and others.
Key Companies Profiled
- Qlik
- Tableau
- SAS Institute
- I-Net software
- IBM
- Oracle
- SAP SE
- Zoomdata
- Microsoft Corporation
- MicroStrategy
- TIBCO Software
- Alteryx
- Verint Systems
Key Segments Profiled in the Visual Analytics Market
By Type:
- Cloud
- On-Premises
By End User:
- BFSI
- Healthcare
- IT & Telecom
- Retail & Consumer Goods
- Education
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
Request Methodology @
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-4409
Related link :
https://cariblime.net/read-blog/22785
https://anotepad.com/notes/i4q4b4pb
https://pastelink.net/gbz641sn
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs
