Asia-Pacific data visualization tools market is anticipated to grow at a CAGR of 13.0% during the forecast period (2021-2027). The primary factors contributing to the growth of the market include an increase in the use of mobile data that creates a vast amount of data. South Korea’s telecommunications sector has witnessed massive growth in mobile data traffic. For an instance, according to the estimation of the World Bank, in 2019, 96.1% of the population of Korea were using the internet and the numbers are estimated to grow more in the forecast period. In Singapore, around 89% of the population was using the internet.
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Malaysia and Thailand also had a significant number of internet users in 2019 with 84.2% and 66.7%, respectively. However, the requirement of a skilled workforce is expected to hamper the growth of the market during the forecast period. Further, the rising internet penetration coupled with the trend towards e-commerce or online shopping leads to the generation of a massive amount of data, which in turn is leading to the demand for data visualization tools. Apart from this, the industries in the region are adopting advanced technologies resulting in the adoption of data visualization tools.
Moreover, key companies across the globe are focusing on the adoption of different growth strategies including capacity expansion, partnerships and collaborations, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace. Additionally, factors such as raising awareness among companies to recognize the patterns from the gathered data across countries such as India, China, and Japan, are projected to augment the adoption of data visualization tools in the region.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Tool
- By Business Function
- By Organization Size
- By Deployment Mode
- By End-User
- Competitive Landscape- Microsoft Corp., SAP SE, IBM Corp., and so on.
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market?
- How COVID-19 impacted the market?
Ø Recovery Timeline
Ø Deviation from the pre-COVID forecast
Ø Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Asia-Pacific 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 OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
