Visual analytics market in Asia Pacific is expected to grow from US$ 447.4 Mn in 2017 to US$ 1469.4 Mn by the year 2025. This represents a CAGR of 16.3% from the year 2018 to 2025.
It is becoming more imperative for organizations to run both core and non-core business functions through the cloud, and in line with this, companies are going to make a move to housing everything in 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.
China is the most populated country in the world. Presence of advanced manufacturing industry and rising demand for smart cities presents a suitable environment for the adoption of advanced technology. However, China is transitioning from being a low-cost labor country and is investing heavily in digital transformation to retain its title for manufacturing hub. The growth of visual analytics market in China is majorly influenced by the various government initiative in the country due to which China is anticipated to foresee an 8.5% year-on-year growth in software spending. The Government initiatives in the country include Industry 4.0, and Internet Plus integrating IT with manufacturing. Also, the government has proposed 46 pilot projects that will focus on innovation to implement smart manufacturing as part of its 'Made in China 2025' initiative; which will further fuel the demand for machine learning powered solutions. Thus, the region is anticipating the increasing development and adoption of visual analytic solutions in the forecast period. Therefore, the region is expected to adopt the visual analytic solutions rapidly in the forecast period. The figure given below highlights the revenue share of Australia in the Asia Pacific visual analytics market in the forecast period:
Exhibit: Australia Visual Analytics Market Revenue and Forecasts to 2025 (US$ Bn)
Asia Pacific Visual Analytics Market By Deployment Model
• Cloud
• On-Premise
Asia Pacific Visual analytics Market By Business Function
• Sales and Marketing
• Operations
• Finance
• Supply Chain
• Information Technology
• CRM
• Human Resources
• Others
Asia Pacific Visual Analytics Market By Vertical
• Retail & Consumer Goods Market
• IT & Telecom
• BFSI
• Manufacturing
• Energy & Utilities
• Healthcare
• Government
• Others
Asia Pacific Visual analytics Market By Country
• China
• India
• Australia
• Japan
• Rest of Asia Pacific
Companies Mentioned
• ALTERYX, INC.
• IBM CORPORATION
• Microsoft Corporation
• MICROSTRATEGY INCORPORATED
• ORACLE CORPORATION
• QLIK TECHNOLOGIES INC
• SAP SE
• SAS INSTITUTE INC.
• Tableau Software
• TIBCO SOFTWARE INC.
Asia Pacific Visual Analytics Market Strategic Insights
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Asia Pacific Visual Analytics Market Segmentation Analysis
Asia Pacific Visual Analytics Market Report Highlights
Asia Pacific Visual Analytics Report Scope
Report Attribute
Details
Market size in 2017
US$ 447.4 Million
Market Size by 2025
US$ 1469.4 Million
CAGR (2018 - 2025)
16.3%
Historical Data
2015-2016
Forecast period
2018-2025
Segments Covered
By Deployment Model
On-Premises
Cloud
By Business Function
Sales and Marketing
Operations
Finance
Supply Chain
Information Technology
CRM
Human Resources
By Vertical
Retail & Consumer Goods
IT & Telecom
BFSI
Manufacturing
Energy & Utilities
Healthcare
Government
Regions and Countries Covered
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Market leaders and key company profiles
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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Asia Pacific Visual Analytics Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
How big is the Asia Pacific Visual Analytics Market?
The Asia Pacific Visual Analytics Market is valued at US$ 447.4 Million in 2017, it is projected to reach US$ 1469.4 Million by 2025.
What is the CAGR for Asia Pacific Visual Analytics Market by (2018 - 2025)?
As per our report Asia Pacific Visual Analytics Market, the market size is valued at US$ 447.4 Million in 2017, projecting it to reach US$ 1469.4 Million by 2025. This translates to a CAGR of approximately 16.3% during the forecast period.
What segments are covered in this report?
The Asia Pacific Visual Analytics Market report typically cover these key segments-
Deployment Model (On-Premises, Cloud)
Business Function (Sales and Marketing, Operations, Finance, Supply Chain, Information Technology, CRM, Human Resources)
Vertical (Retail & Consumer Goods, IT & Telecom, BFSI, Manufacturing, Energy & Utilities, Healthcare, Government)
What is the historic period, base year, and forecast period taken for Asia Pacific Visual Analytics Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Visual Analytics Market report:
Historic Period : 2015-2016
Base Year : 2017
Forecast Period : 2018-2025
Who are the major players in Asia Pacific Visual Analytics Market?
The Asia Pacific Visual Analytics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
ALTERYX, INC.
IBM CORPORATION
Microsoft Corporation
MICROSTRATEGY INCORPORATED
ORACLE CORPORATION
QLIK TECHNOLOGIES INC
SAP SE
SAS INSTITUTE INC.
Tableau Software
TIBCO SOFTWARE INC.
Who should buy this report?
The Asia Pacific Visual Analytics Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Asia Pacific Visual Analytics Market value chain can benefit from the information contained in a comprehensive market report.
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