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Data Visualization Tool Market Share

Report ID: GMI10175
Published Date: Jul 2024
Report Format: PDF

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Data Visualization Tool Market Share

Microsoft Corporation and Salesforce are leading companies in the market, collectively commanding a share of 29%. The leaders in the data visualization tools industry employ a combination of strategies to maintain their competitive positions. They focus on enhancing user experience through intuitive interfaces and user-friendly designs, while also integrating advanced analytics capabilities such as AI and machine learning for deeper insights.

These companies prioritize scalability by offering cloud-based solutions that can handle large datasets and provide real-time analytics. Moreover, they emphasize flexibility and customization, allowing users to create personalized dashboards and reports tailored to specific business needs. Additionally, strategic partnerships and integrations with other software platforms enhance their market reach and functionality, ensuring comprehensive support across various industries and organizational sizes.

Data Visualization Tool Market Companies

Major players operating in the market are:

Google
klipfolio
Microsoft Corporation
Oracle
Qlik
Salesforce
SAP
SAS
Sisense Ltd.
TIBCO Software Inc.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of data visualization tools reached USD 8.1 billion in 2023 and is set to witness 11% CAGR from 2024 to 2032, due to rising data complexity, growing demand for insights, and advancements in analytics technology.

The software component segment in the data visualization tools industry recorded 66% share in 2023, owing to its pivotal role in transforming raw data into actionable insights.

The large enterprise size segment in the data visualization tools market accounted for 60% revenue share in 2023, attributed to the ability to visualize data effectively across departments and hierarchies.

North America market held 45% share in 2023, due to the digitalization across all business sectors, integration of IoT devices, and rising demand for real-time insights.