It is becoming more imperative for organizations to operate core and non-core business functions through the cloud, and in line with this, companies are expected to focus on housing everything at one place faster. The advantages of the movement speak for themselves, as using the cloud improves data governance, streamline processes, and manage risk. Those organizations hesitant to make the shift to full integration will quickly find themselves on the back foot as investors increasingly insist on the cloud as a term of the investment. Cloud turns businesses into lean, mean efficient machines, so it is going to become non-negotiable for companies to run in the cloud if they want to remain competitive.
The Europe Visual Analytics Market is growing along with the Technology, Media and Telecommunications industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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Europe Visual analytics market is expected to grow from US$ 628.2 Mn in 2017 to US$ 1416.2 Mn by the year 2025. This represents a CAGR of 10.9 % from the year 2018 to 2025.
Germany presents a massive opportunity in the field of visual analytics. Germany is one of the leading producers of automobiles in the world, and many major car manufacturing companies are located in the country, including Volkswagen, BMW AG, Audi, and others. Being the hub for the major automotive industries, the predictive maintenance and supply chain management software are extensively used in this industry. Other prominent industries in Germany who are adopting the machine learning technology are retail, healthcare, and public administration. More than half of the German companies have already started the implementation of visual analytics solutions to reduce cost and risk and increase the bottom line. A company like SAP SE is focusing on the development of analytic solutions. For instance, SAP SE introduced SAP Analytics Cloud; it is one simple cloud for all analytics.
These factors are expected to offer broad growth opportunities in the Technology, Media and Telecommunications industry and this is expected to cause the demand for Europe Visual Analytics Market in the market.
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Europe VISUAL ANALYTICS MARKET - SEGMENTATION
Europe Visual Analytics Market By Deployment Model
Europe Visual analytics Market By Business Function
• Sales and Marketing
• Supply Chain
• Information Technology
• Human Resources
Europe Visual Analytics Market By Vertical
• Retail & Consumer Goods Market
• IT & Telecom
• Energy & Utilities
Europe Visual analytics Market By Country
• Rest of Europe
• ALTERYX, INC.
• IBM CORPORATION
• Microsoft Corporation
• MICROSTRATEGY INCORPORATED
• ORACLE CORPORATION
• QLIK TECHNOLOGIES INC
• SAP SE
• SAS INSTITUTE INC.
• Tableau Software
• TIBCO SOFTWARE INC.
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