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US Visual Analytics Market Research Report: By Component (Software, Services), By Deployment (On-Demand, On-Premise) and By Industry (IT, Retail, BFSI, Manufacturing, Military & Defense, Transportation & Logistics, Others) - Forecast to 2035


ID: MRFR/ICT/13903-HCR | 100 Pages | Author: Garvit Vyas| December 2023

US Visual Analytics Market Overview:


As per MRFR analysis, the US Visual Analytics Market Size was estimated at 2.15 (USD Billion) in 2023. The US Visual Analytics Market Industry is expected to grow from 2.5(USD Billion) in 2024 to 14.31 (USD Billion) by 2035. The US Visual Analytics Market CAGR (growth rate) is expected to be around 17.169% during the forecast period (2025 - 2035).


Key US Visual Analytics Market Trends Highlighted


The US Visual Analytics Market is currently experiencing significant growth driven mainly by the increasing need for data-driven decision-making across various industries. Organizations in sectors such as healthcare, finance, and retail are adopting visual analytics tools to better understand complex data sets and enhance operational efficiency. The rising amount of data generated by businesses, along with the growing emphasis on big data analytics, underscores the need for effective visual data representation. Additionally, compliance with regulations and the need to derive actionable insights from data are becoming primary market drivers. Recent trends show that there is a substantial shift towards self-service analytics, where non-technical users can create visualizations and dashboards without extensive IT support.


This democratization of data analytics facilitates quicker decision-making across different departments, aligning with the trend of businesses seeking agility. Moreover, advancements in artificial intelligence and machine learning are augmenting visual analytics capabilities, allowing organizations to discover hidden patterns and trends in real-time data. The integration of cloud-based solutions is also noteworthy, as it offers scalability and accessibility, making it easier for organizations to deploy visual analytics tools. Opportunities to be captured in the US market include the integration of visual analytics with the Internet of Things (IoT) and the increasing demand for predictive analytics.


Companies are looking to harness the power of connected devices to obtain timely insights, improving their operational strategies. Furthermore, as companies in the US continue to focus on customer experience enhancement, the deployment of visualization tools to interpret customer data and behavior presents a significant opportunity for growth in the visual analytics space.


US Visual Analytics Market size

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


US Visual Analytics Market Drivers


Rapid Adoption of Big Data Analytics


The growth of the US Visual Analytics Market Industry is significantly driven by the rapid adoption of Big Data analytics across various sectors. According to the United States Department of Commerce, the amount of data created in the U.S. reached 44 zettabytes in 2020, and this is expected to increase exponentially, leading to a demand for effective data visualization tools. Companies such as Tableau Software and Microsoft Power BI have reported increases in user adoption rates, with more than 50% of enterprises using some form of analytics solution.The rise in data generation highlights the need for visual analytics to interpret complex datasets, facilitating better decision-making processes which is crucial in industries like finance, healthcare, and retail, contributing to an estimated Compound Annual Growth Rate (CAGR) of 17.169 from 2025 to 2035.


Increasing Focus on Data-Driven Decision Making


Organizations in the US are increasingly prioritizing data-driven decision making, which is propelling the US Visual Analytics Market Industry forward. A survey by the Business Intelligence and Data Warehousing Association found that 85% of organizations believe that data-driven decisions result in better business outcomes. Major firms like IBM and Oracle have invested heavily in visual analytics technologies to enhance their offerings. As more businesses recognize the value of insights derived from data, the demand for visual analytics tools is expected to surge, fostering market growth significantly over the coming years.


Growing Integration of Artificial Intelligence


The integration of Artificial Intelligence (AI) with visual analytics is another key driver impacting the US Visual Analytics Market Industry. The US government predicts that AI will contribute up to 15.7 trillion USD to the global economy by 2030. Companies like Google and Amazon are leading the charge, developing advanced analytics solutions that leverage AI to provide deeper insights. This not only enhances the capabilities of visual analytics but also enables businesses to analyze data in real-time, which is crucial for staying competitive.As AI technologies become more sophisticated and accessible, their adoption will likely enable more organizations to incorporate visual analytics, ultimately expanding the market.


US Visual Analytics Market Segment Insights:


Visual Analytics Market Component Insights


The Component segment of the US Visual Analytics Market encompasses crucial elements that drive data interpretation and decision-making across various industries. This segment is primarily composed of Software and Services, both of which play distinct roles in enhancing analytics capabilities. Software solutions in the Visual Analytics Market are essential for enabling users to create interactive visualizations of data, making complex information more accessible and understandable. These tools facilitate data exploration and allow businesses to uncover insights that influence strategic planning and operational efficiency.


In contrast, Services within this market focus on implementation, support, and training, ensuring that organizations can effectively utilize the software. The increasing complexity of data generated across sectors, coupled with the urgent need for data-driven decision-making, has made both Software and Services fundamental in shaping the future of analytics. As businesses in the US continue to prioritize data literacy and seek to derive actionable insights from their data sets, the demand for these components is anticipated to grow significantly.


The transformative role that these components play in enabling organizations to visualize performance metrics and trends cannot be understated, as they contribute substantially to informed business strategies and consumer understanding. Therefore, the Component segment is positioned strongly within the overall US Visual Analytics Market framework, aligning with market growth trends driven by advancements in technology and the increasing need for comprehensive, real-time data analysis. Moreover, this segment is crucial for industries such as finance, healthcare, and retail, where the ability to adapt quickly to changing market conditions is vital for success.


The US market demonstrates a keen interest in fostering innovation through these components, thereby enhancing competitiveness and efficiency in various business operations. Ultimately, as organizations increasingly rely on data to drive growth, the influence of the Software and Services segments within the US Visual Analytics Market is clear, presenting ongoing opportunities for development and expansion.


US Visual Analytics Market segment

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Visual Analytics Market Deployment Insights


The Deployment segment of the US Visual Analytics Market plays a vital role in shaping how organizations leverage data for decision-making. This segment is primarily categorized into On-Demand and On-Premise deployment options, both offering unique advantages to businesses. On-Demand deployment, often seen as more flexible and cost-effective, allows organizations to access visual analytics tools via Cloud solutions, reducing infrastructure costs and enabling scalability. This trend aligns with the increasing adoption of Cloud computing in the US, as businesses seek agility in operations.


Conversely, On-Premise solutions offer heightened security and control, making them particularly appealing to sectors like healthcare and finance that deal with sensitive data. With an increasing focus on data privacy regulations and security concerns in the US, organizations may lean towards On-Premise deployments to safeguard their valuable data assets. The balance between these deployment methods illustrates how organizations are adapting to changing market demands and regulatory pressures, ultimately influencing the broader trends in the US Visual Analytics Market data and statistics.As this market continues to grow, the significance of appropriate deployment strategies will remain central to optimizing the utilization of visual analytics tools in various industries.


Visual Analytics Market Industry Insights


The US Visual Analytics Market is witnessing substantial growth within the Industry segment, driven by the increasing necessity for data-driven decision-making across various sectors. Significant contributions arise from Information Technology, where data visualization tools enhance performance tracking and operational efficiency. Retail relies heavily on visual analytics to understand consumer behavior and optimize inventory management, thus staying competitive. In the Banking, Financial Services and Insurance sector, these tools facilitate risk assessment and regulatory compliance while improving customer experiences.


Additionally, Manufacturing utilizes visual analytics for process optimization, predictive maintenance, and quality control. The Military and Defense sector applies these analytics for strategic planning and situational awareness, enhancing operational effectiveness. Transportation and Logistics benefit from visual analytics through optimized route planning and supply chain management, improving overall logistics efficiency. Coupled with initiatives by government programs in the United States promoting technology adoption and data literacy, the Industry segment of the US Visual Analytics Market is projected to continue its pivotal role in various applications, fostering enhanced insights and operational improvements.


US Visual Analytics Market Key Players and Competitive Insights:


The US Visual Analytics Market has witnessed significant growth over the past few years due to an increasing demand for data-driven decision-making across various sectors, including healthcare, finance, and retail. As businesses continue to accumulate vast amounts of data, there arises an urgent need to interpret this information visually to gain insights and inform strategy effectively. This demand results in a competitive landscape where multiple vendors are offering advanced solutions. Key players are constantly innovating and enhancing their offerings to provide tools that not only simplify complex data but also enhance performance through real-time analytics, interactive dashboards, and intuitive visualizations. Companies are also focusing on integrating artificial intelligence with visual analytics to provide deeper insights and predictive capabilities. The competition is driven by the necessity to cater to increasingly sophisticated consumer expectations and the evolving technological landscape.


Within this competitive landscape, SAP stands out in the US Visual Analytics Market with its robust portfolio and extensive expertise. The company's strength lies in its long-standing presence and its ability to integrate its visual analytics into existing business processes seamlessly. SAP has successfully leveraged its enterprise resource planning solutions to enhance data visualization features, promoting an integrated approach to business intelligence. The advanced functionalities, such as predictive analytics and extensive data connectivity options, allow users to tailor solutions to meet specific organizational needs. Additionally, SAP has a strong reputation for delivering reliable and scalable solutions, which has resonated with businesses looking for comprehensive analytics capabilities. The company’s consistent investment in research and development ensures that it stays at the forefront of technological advancements, enabling it to adapt quickly to market shifts and customer requirements.


On the other hand, Zoho has made significant strides within the US Visual Analytics Market, capitalizing on its affordable and user-friendly platform. The company provides a suite of products that include Zoho Analytics, which is designed to empower users by enabling them to create insightful reports and dashboards with minimal technical knowledge required. Zoho's strength lies in its flexibility and integration capabilities, allowing businesses to utilize data from various sources seamlessly. The company has focused on expanding its market presence through strategic partnerships and collaborations to enhance its product offerings. Furthermore, Zoho has been active in pursuing mergers and acquisitions to strengthen its capabilities in data analytics, which has enabled it to provide more comprehensive solutions to its customers in the US market. With a commitment to supporting businesses of all sizes and a focus on customer-centric development, Zoho continues to gain traction as a go-to provider for visual analytics solutions in this highly competitive segment.


Key Companies in the US Visual Analytics Market Include:



  • SAP

  • Zoho

  • SAS

  • Oracle

  • MicroStrategy

  • Domo

  • Chartio

  • Looker

  • Qlik

  • IBM

  • Tableau

  • Microsoft

  • TIBCO Software

  • Sisense

  • Alteryx


US Visual Analytics Market Industry Developments


The US Visual Analytics Market has seen significant developments recently, reflecting a robust upward trajectory in demand and innovation. Companies such as Tableau and Microsoft are continuously enhancing their platforms, focusing on user-friendly interfaces and integration capabilities with cloud technologies. In August 2023, IBM announced enhancements to its Watson Analytics suite, emphasizing AI-driven data visualization, which aligns with growing market needs. Additionally, in September 2023, SAS revealed its commitment to expanding capabilities in predictive analytics and visualization tools to cater to the increasing need for faster data insights across industries.


The merger and acquisition landscape reflects strategic consolidation, with Oracle acquiring a leading data analytics startup in July 2023, enhancing its cloud-based analytics services. Furthermore, MicroStrategy announced in October 2022 its plans to evolve its strategy by integrating advanced analytics features into its framework, targeting enterprises seeking actionable insights from diverse data sources. The overall market is experiencing robust growth, driven by a surge in data generation and the need for real-time analytics, with companies aggressively pursuing advancements in visualization technology to stay competitive and meet evolving customer demands.


US Visual Analytics Market Segmentation Insights


Visual Analytics Market Component Outlook



  • Software

  • Services


Visual Analytics Market Deployment Outlook



  • On-Demand

  • On-Premise


Visual Analytics Market Industry Outlook



  • IT

  • Retail

  • BFSI

  • Manufacturing

  • Military & Defense

  • Transportation & Logistics

  • Others

Report Scope:
Report Attribute/Metric Source: Details
MARKET SIZE 2018 2.15(USD Billion)
MARKET SIZE 2024 2.5(USD Billion)
MARKET SIZE 2035 14.31(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 17.169% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
MARKET FORECAST PERIOD 2025 - 2035
HISTORICAL DATA 2019 - 2024
MARKET FORECAST UNITS USD Billion
KEY COMPANIES PROFILED SAP, Zoho, SAS, Oracle, MicroStrategy, Domo, Chartio, Looker, Qlik, IBM, Tableau, Microsoft, TIBCO Software, Sisense, Alteryx
SEGMENTS COVERED Component, Deployment, Industry
KEY MARKET OPPORTUNITIES Advanced AI integration, Cloud-based solutions growth, Increasing data volume analysis, Real-time decision-making tools, Enhanced user experience design
KEY MARKET DYNAMICS growing demand for data visualization, increasing adoption of cloud solutions, rise in big data analytics, focus on real-time insights, advancements in AI and machine learning
COUNTRIES COVERED US


Frequently Asked Questions (FAQ) :

The US Visual Analytics Market is expected to be valued at 2.5 USD Billion in 2024.

By 2035, the US Visual Analytics Market is projected to be valued at 14.31 USD Billion.

The expected CAGR for the US Visual Analytics Market from 2025 to 2035 is 17.169%.

Key players in the US Visual Analytics Market include SAP, Zoho, SAS, Oracle, MicroStrategy, Domo, and many others.

The software segment of the US Visual Analytics Market is expected to be valued at 1.5 USD Billion in 2024.

The services segment of the US Visual Analytics Market is projected to reach 5.41 USD Billion by 2035.

Key applications driving the US Visual Analytics Market include data visualization, business intelligence, and performance management.

Growth drivers for the US Visual Analytics Market include increasing data generation and the demand for real-time insights.

Challenges in the US Visual Analytics Market include data security concerns and the complexity of integrating analytics solutions.

Current global scenarios may impact the US Visual Analytics Market by influencing investment strategies and technology adoption rates.

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