What is Visual Data Discovery Market Scope?
Visual Data Discovery is known as the process of using iterative visual exploration and visualizations of data to improve time to insight. By enabling the exploration of data through interaction with images and charts, visual data discovery improves business decision-making. Several processes such as in-memory computing and fusing or mashing of multiple data sources allow visualizations to be real-time and robust, while in many organizations, the exponential growth of data has made their use essential. Typically these type of solutions provides more visualization options than a traditional bar, pie, and line charts. Types of visualization may also include bubble charts, tree structures, heat maps, scatter plots and more.
The Visual Data Discovery market study is being classified, by Application (BFSI, Healthcare and Life Sciences, Telecom and IT, Government and Defense, Energy and Utilities, Manufacturing and Others) and major geographies with country level break-up.
Despite the presence of competition and brand effect problems, due to the awareness of end-users and their demand for high-end products, investors are still optimistic about this area. There will be more new investors entering into this industry in the future. The manufacturers who want to occupy the market must depend on market mechanism reform, manufacturing equipment innovation, core technology improvement, and brand establishment. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Visual Data Discovery market throughout the predicted period.
Birst, Inc. (United States), Clearstory Data (United States), Datameer, Inc. (United States), SAP (Germany), Datawatch Corporation (United States), Biomax Informatics (Germany), Angoss Software (Canada), IBM Corporations (United States), Microsoft Corporations (United States) and Platfora, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Sas Institute (United States), TIBCO Software Inc. (United States), Teradata (United States), Cloudera (United States) and Tableau Software, Inc. (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Visual Data Discovery market by Type, Application and Region.
On the basis of geography, the market of Visual Data Discovery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Oracle Corporation started providing its analytics solutions through the cloud environment. The company has taken this step to deliver its analytic solutions such as data preparation, data discovery, and visualization at lower costs
Influencing Market Trend
- High adoption rate in SMBs
- Growing trend for self-service BI tools
Market Drivers
- Helps in reducing overhead costs and increase the profit margin.
- Rising importance for data-driven decision-making
Opportunities
- Rising use of machine learning by organizations is increasing the volume of data
- Increasing machine learning leading to increase in data generation
Restraints
- Unstable returns on investments through visual data discovery
Challenges
- Data security and privacy concerns
- Stiff competition
Key Target Audience
Visual Data Discovery Vendors, Visual Data Discovery Service Providers, Application Design and Software Developers, System Integrators, IT Service Providers, Consulting Service Providers, Managed Service Providers, Telecom Operators, Market Research and Consulting Firms and Cloud Service Providers
Customization available in this Study:
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.