Press Release
Press Release
The increasing adoption of data visualisation solutions in businesses to identify issues, spot new opportunities, and create revenue streams is bolstering the market growth. As organisations are increasingly becoming more data-driven, data visualisation solutions are being deployed to boost decision-making abilities and gain a competitive advantage in the workplace. The market growth can also be attributed to the rising availability of mobile-friendly data visualisation tools with simplified interactive features. Moreover, advancements in artificial intelligence (AI) and machine learning (ML) are expected to propel the growth of the market for data visualisation. The development of innovative data visualisation solutions with user-centred designs that can easily discover trends and provide actionable insights is anticipated to provide further impetus to the market in the forecast period.
Some of the leading companies in the market are IBM Corporation (NYSE: IBM) and SAS Institute Inc. The latter partnered with PERSOWN to drive lifesaving insights and reduce COVID spread in December 2021. Under the partnership, the company would combine its artificial intelligence and data visualisation software with the latter’s instant diagnostics test data to cost-effectively visualise disease hot spots and understand infection trends. By visualising disease mutations as well as progressions, the solutions would empower governments to reduce disease spread, create early interventions, and mitigate the impact of the virus. Moreover, the combined solution would aid health leaders to better visualise, manage, and monitor potential COVID-19 variant outbreaks while preventing future pandemics. Such partnerships are increasing the demand for data visualisation solutions in the healthcare sector, which is propelling the growth of the market.
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The major players in the global data visualisation market are IBM Corporation, Oracle Corporation, SAS Institute Inc., MicroStrategy Inc., TIBCO Software Inc., and SAP SE, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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