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.
To Request a Sample of our Report on European Data Visualization Tools Market: https://www.omrglobal.com/request-sample/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
· 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?
(Get 15% Discount on Buying this Report)
A full Report of European Data Visualization Tools Market is Available at: https://www.omrglobal.com/industry-reports/europe-data-visualization-tools-market
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)
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
