Pune, India -- (SBWIRE) -- 02/25/2019 -- Increasing analytical tools demand such as, charts, graphs, and pivot tables in various enterprises and growing requirement of visual drive data are the major drivers for visual analytics market across the globe. Further, demand for variety of business data in large volume to create reports by different sectors is anticipated to drive the visual analytics market. Moreover, providing data quality and security to the enterprises is a major challenge for visual analytics market.
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However, complex analytical methodologies and tools as well as lack of trained professionals for advanced analytical systems hinder the market growth of visual analytics.
This report presents a detailed evaluation of visual analytics, which incorporates current industry situations such as market size, growth and demands, market outlook, major players with their key strategies which include investment, mergers and acquisitions, value chain analysis and porter's evaluation. It covers the marketplace canvas and the boom opportunities in the coming years. The report has been made with an in-depth analysis along with vital inputs from the various industry professionals. The research is accomplished with both extensive primary and secondary data resources supported with either bottom up or top down approach.
The major growth factors for visual analytics market in North American region countries such as, U.S. and Canada is due to early adoption of visual analytical tools and heavy investments in advanced technologies regarding data analytics. Moreover, presence of large IT companies that uses analytical tools in European region boost the market growth of visual analytics. However, tremendous opportunities for developing technologies and increasing investments in research and developments in such tools are considerable growth factors for Asia-Pacific region.
Key Question Answered:
- What will be the market size in 2025 and at what rate it will grow?
- What trends, barriers, challenges are influencing its growth?
- Who are the major key players in global visual analytics market and what are their strategies?
- Which vertical industry is expected to show major growth?
- What segment and region will lead the market and why?
The major companies profiled in the report include: IBM, Oracle, SAP SE, SAS Institute, Tableau Software, Microsoft Corporation, MicroStrategy, TIBCO Software, Qlik, and Alteryx.