European Data Visualization Tools Market Size, Share and Forecast 2021-2027
European data visualization tools market is anticipated to grow at a CAGR of nearly 9.0% during the forecast period (2021-2027). The increase in acceptance of visualization of structured data is boosting the demand for data visualization tools. The data obtained from the internet is unstructured and cluttered which creates inconvenience for enterprises to streamline data and make decisions accordingly. To obtain structured data, enterprises are adopting technologies to make easy and quick decisions based on new products or strategies.
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Data visualization technology utilizes AI, machine
learning, and other data analytics tools to provide a detailed data-based
report based on which enterprises can take decisions easily and quickly. The
usage of charts, graphs or other visually appealing representations of
information is crucial in this step as it connects people and conveys the
message rapidly. Apart from this, companies are moving towards advanced
technologies to reduce paperwork hassle that is also driving the adoption of
data visualization tools. However, the higher cost of adoption of data
visualization tools is expected to hinder the growth of the market during the
forecast period.
Key companies across the globe are highly inclined
towards the adoption of different growth strategies including capacity
expansion, partnerships, mergers and acquisitions, geographical expansion, new
product launch, and product innovation to remain competitive in the
marketplace. For an instance, Deloitte Touche Tohmatsu Ltd announced a public
data visualization using advanced technologies such as AI, ML, and blockchain
to provide informative data.
Further, the increasing demand for data
visualization and analytics across various retail, e-commerce and
transportation & logistics sectors across this region. The increasing
awareness among the companies across this region will further boost the growth
of the data visualization tools. Moreover, the increasing adoption of cloud
services among SMEs, government organizations, and the defense sector owing to
the factors such as flexibility, cost-effectiveness, and scalability in
resource utilization, data security, and lower technology risk, will likely
drive the growth of the cloud segment in the region.
Market Coverage
·
The market number available for – 2020-2027
·
Base year- 2020
·
Forecast period- 2021-2027
Ø Segment Covered-
·
By Tool
·
By Business Function
·
By Organization Size
·
By Deployment Mode
·
By End-User
Ø Competitive
Landscape- Salesforce Inc., Microsoft Corp., and IBM Corp. among others.
Key questions addressed by the report
Ø What is the market
growth rate?
Ø Which segment/region
dominates the market in the base year?
Ø Which segment/region
will project the fastest growth in the market?
Ø How COVID-19 impacted
the market?
·
Recovery Timeline
·
Deviation from the pre-COVID forecast
·
Most affected region/segment
Ø Who is the leader in
the market?
Ø How players are
addressing challenges to sustain growth?
Ø Where is the investment
opportunity?
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European Data Visualization Tools Market – Segmentation
By Tools
·
Standalone
·
Integrated
By Business Function
·
Finance
·
Human Resource
·
Sales and Marketing
·
Operations
By Organization Size
·
Small and Medium Enterprises
·
Large Enterprises
By Deployment Model
·
On-Premise
·
Cloud
By End-User
·
BFSI
·
Government
·
Healthcare
·
IT and Telecom
·
Manufacturing
·
Retail
·
Transportation and Logistics
·
Others (Education, Media and Entertainment, Energy and
Utilities)
European Data Visualization and Tools Market Report Segment by Region
· UK
·
Germany
·
Spain
·
France
·
Italy
Rest of
Europe
Company Profiles
·
Cluvio GmbH
·
Datapine GmbH
·
Deloitte Touche Tohmatsu Ltd.
·
IBM Corp
·
Microsoft Corp.
·
Oracle Corp
·
QlikTech International AB
·
Salesforce.com Inc.
·
SAP SE
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