Asia Pacific Visual analytics market is expected to grow from US$ 858.1 Mn in 2017 to US$ 2279.8 Mn by the year 2025. This represents a CAGR of 13.1% from the year 2018 to 2025. The Asia Pacific 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.
Factors such as the growing popularity of mobile-based banking applications and increasing digitization across BFSI sector is contributing substantially towards the growth of the Visual Analytics market in Asia Pacific.
Top Key Companies mentioned in the Report-
• 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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In the current market scenario, volume and flow of data have increased significantly, which has influenced the growth of Asia Pacific visual analytics market. Large organizations are actively focusing on adoption of robust visual analytics tools as they deal with a massive amount of data. Large organizations utilize visual analytics procedure and tools to analyze the massive amounts of data to gain insights and make decisions to achieve the long term objectives. The developments in the field of Big Data, Business Intelligence (BI) and other associated technologies are further expected to propel the growth of Asia Pacific visual analytics software adoptions by various industry verticals for performing different business functions. A high concentration of technological industry verticals in the US augurs good for the growth of the visual analytics market in the country.
The scope of the Report:
The report segments the regional Asia Pacific Visual Analytics Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the regional Asia Pacific Visual Analytics Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
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