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.
Browse the full report description European Data Visualization Tools Market Size, Share & Trends Analysis Report, By Tools (Standalone and Integrated), By Business Function (Finance, Human Resource, Sales and Marketing, and Operations), By Organization Size (Small and Medium Enterprises and Large Enterprises), By Deployment Mode (Cloud and On-Premise), and By End-User (BFSI, Government, Healthcare, IT and Telecom, Manufacturing, Retail, Transportation and Logistics and Others (Education, Media, and Entertainment, Energy and Utilities)) Forecast Period, 2021-2027 at https://www.omrglobal.com/industry-reports/europe-data-visualization-tools-market
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
o By Tool
o By Business Function
o By Organization Size
o By Deployment Mode
o By End-User
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
European Data Visualization Tools Market – Segmentation
By Tools
By Business Function
By Organization Size
By Deployment Model
By End-User
European Data Visualization and Tools Market Report Segment by Region
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