The Europe Data Visualization Tools Market would witness market growth of 10.4% CAGR during the forecast period (2021-2027). Through the graphical illustration of business data, companies can look at their huge amounts of data in clear & unified ways and make conclusions from that represented information.
Data visualization helps companies to tackle the problems or give answers to the asked questions at the correct time due to the fact that graphical formats are easier and faster to analyze. Graphical representation helps in simplifying a huge amount of complicated data that further helps companies to identify the highly interlinked parameters. There are some correlations that could be evident, but others will not. So, recognizing those relationships assist companies to aim at areas that are most likely to impact their core objectives.
By utilizing data visualization to find out the trends in the business and the market can help companies to sustain in the competition. Companies can easily identify outliers, which impact the product quality or customers churn rate, and solve those issues before they start to affect the business directly. After the generation of the latest insights in a company from visual analytics, the next step is to share those insights with others. 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.
The European region is estimated to witness a significant growth rate over the forecast period. It is due to the increasing demand for data visualization & analytics across various retail, e-commerce and transportation & logistics sector across this region. The increasing awareness among the companies across this region will further boost the growth of the data visualization tools market.
The increasing prevalence of various key providers of data visualization tools will further surge the growth of the regional market. The growing needs of the companies operating in this region to represent their collected data in more understandable, simple and appealing visuals would act as a catalyst for the growth of the data visualization tools market in the European region.
The Germany market dominated the Europe Data Visualization Tools Human Resources Market by Country 2020, growing at a CAGR of 9.3 % during the forecast period. The UK market is exhibiting a CAGR of 9.7% during (2021 - 2027). Additionally, The France market is poised to witness a CAGR of 11.4% during (2021 - 2027).
The On-premise market dominated the Spain Data Visualization Tools Market by Deployment Type 2020, thereby, achieving a market value of $103.2 million by 2027. The Cloud market is expected to witness highest CAGR of 13.5% during (2021 - 2027).
Based on Tool Type, the market is segmented into Standalone and Integrated. Based on Business Function Type, the market is segmented into Marketing & Sales, Human Resources, Operations and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, Government & Defense, IT & Telecom, Healthcare, Manufacturing, Consumer Goods & Retail and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Data Visualization Tools Market Size will Hit $10.8 Billion by 2027, at a CAGR of 11.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Salesforce.com, Inc., SAP SE, Microsoft Corporation, Amazon.com, Inc., IBM Corporation, Oracle Corporation, Alibaba Group Holdings Limited, Alteryx, Inc., SAS Institute, Inc., and Dundas Data Visualization Inc.
By Tool Type
By Business Function Type
By Deployment Type
By Enterprise Size
By End User
By Country
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