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Data Visualization Tools Market expected to grow at a CAGR of 11.6 percent reaching USD 15.80 Billion by 2030

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Data Visualization Tools demand is expected to grow at a compound annual growth rate of 11.6 percent until FY30. The demand for data visualization tools is surging across key sectors including finance, healthcare, and retail, with notable interest from global financial centers such as New York, London, and Singapore– Says Maximize Market Research

PUNE, India, Aug. 28, 2024 /PRNewswire/ — The demand for data visualization tools is surging across key sectors including finance, healthcare, and retail, with notable interest from global financial centers such as New York, London, and Singapore. Leading tools like Tableau, Power BI, and D3.js are at the forefront, enabling organizations to convert raw data into actionable visual insights. This advancement enhances decision-making and strategic planning across diverse industries. According to a report by Maximize Market Research, the transition from basic reporting tools to sophisticated, interactive analytics platforms signifies a transformative shift towards data-driven decision-making and increased operational efficiency. This evolution underscores the growing importance of advanced data visualization in optimizing business strategies and outcomes.

 

Market Size in 2023

USD 7.33 Billion

Market Size in 2030

USD 15.80 Billion

CAGR

11.6 %

Forecast Period

2024-2030

Base Year

2023

Segment Covered

by Tool

by Deployment Mode

by Organization Size

by Business Function

by Vertical

by Region

Key Market Drivers

 

 Increasing Demand for Data-Driven Decision Making Rise of Predictive Analytics

Key Market Restrain

 Data Privacy and Security Concerns

Key Market Opportunities

 

 Technological Advancements Demand for Enhanced Data Representation

Report Coverage

Market Share, Size, and Forecast by Revenue | 2024−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Get your Sample PDF:  https://www.maximizemarketresearch.com/request-sample/102177/ 

GenAI is Creating New Possibilities in Data Visualization

AI-powered data visualization tools are set to revolutionize the Data Visualization Tools Market by offering dynamic and real-time insights that exceed the capabilities of traditional static charts. These advanced tools quickly analyze extensive datasets and adapt in real-time, providing up-to-the-second information that enhances decision-making speed and accuracy. Their interactive features boost the market by allowing users to engage deeply with data, tailoring visualizations to extract specific insights. The growing demand for sophisticated data analysis solutions is driving a growth in the market supply of AI-driven tools, increasing their market share and significance. As organizations increasingly prioritize data-driven strategies, AI-powered visualizations are becoming essential, boosting the Data Visualization Tools Market into a new era where data is seen actively experienced, and understood.

Data Visualization Tools Market Segment Analysis: Key Focus Area

The global Data Visualization Tools Market is segmented into various segments. Deployment Mode segment includes On-premises and cloud. The Cloud segment dominated the Deployment Mode segment of the Data Visualization Tools Market in the year 2023. Due to its scalability, cost-effectiveness, and ease of integration with other digital tools. The companies prefer cloud-based solutions for their ability to handle large data volumes, enabling real-time analytics and remote access, which supports the growing demand for flexible and efficient data management.

Data Visualization Tools Market: Regional Analysis

North America region significantly dominated the Data Visualization Tools Market in the year 2023. The presence of leading technology firms such as Microsoft, IBM, and Tableau in the United States is a key driver of the Data Visualization Tools Market. These industry giants are at the forefront of innovation, continually advancing data visualization technologies and creating a competitive ecosystem that fosters growth and improvement. The U.S. generates approximately 2.5 quintillion bytes of data daily, underscoring the need for effective visualization tools to manage and interpret this vast amount of information. Companies such as Amazon and FedEx have long utilized data analytics to optimize operations and customer insights, boosting demand. Also, Sage’s launch of its AI-powered cloud-first Sage Data and Analytics service exemplifies the trend towards scalable, cloud-based solutions, enhancing business intelligence capabilities and accelerating the market forward.

Get 10% Free Customization on the Report: 
https://www.maximizemarketresearch.com/inquiry-before-buying/102177/ 

Data Visualization Tools Market: Segmentation

By Tool

StandaloneIntegrated

By Deployment Mode

On-premisesCloud

By Organization Size

Large EnterprisesSmall and Medium-sized Enterprises (SMEs)

By Business Function

Marketing and SalesHuman ResourcesOperationsFinance

By Vertical

BFSIGovernmentHealthcare and Life SciencesRetail and eCommerceManufacturingTransportation and LogisticsTelecommunications and ITOther Verticals

For Detailed Segment Analysis: Request a Sample Report

Data Visualization Tools Market key players

Salesforce (USA)Microsoft (USA)IBM (USA)Qlik Sense (USA)Sisense (USA)Domo (USA)Oracle (USA)MicroStrategy (USA)TIBCO Spotfire (USA)GoodData (USA)Plotly (Canada)Geckoboard (United Kingdom)SAP (Germany)Klipsch (USA)Zoho Analytics (India)

Maximize Market Research is leading Information Technology & Telecommunication, has also published the following reports:

Data Visualization Market: Data Visualization Market size was valued at US$ 3.92 Billion in 2023 and the total revenue is expected to grow at a CAGR of 9.5 % from 2024 to 2030, reaching nearly US$ 7.39 Billion. The growing adoption of data visualization in small and medium businesses across the globe drives the Data Visualization Market.Data Visualization Software Market: The Global Data Visualization Software Market size was valued at USD 9.55 Billion in 2023 and is expected to reach USD 21.70 Billion by 2030, at a CAGR of 12.43 %. Data-driven decision-making, AI and Machine Learning Integration, and Digital Transformation are the growth drivers for the Data Visualization Software Market.Data Analytics Market: The data Analytics Market size was valued at USD 54.04 Billion. In 2023 the total Data Analytics revenue is expected to grow by 29.47 % from 2024 to 2030, reaching nearly USD 329.53 Billion. The rapid growth in the data analytics market is driven by factors such as digitalization, IoT devices, social media, and online transactions.Healthcare Big Data Analytics Market:-The global Healthcare Big Data Analytics Market is expected to hit USD 99.12 Billion by 2030 from USD 26.87 Billion in 2023 at a CAGR of 20.5 % during the forecast period. Increased government initiatives that promote the use of electronic health records are expected to drive the Healthcare Big Data Analytics Market.Advanced Visualization Market size is expected to grow at a CAGR of 12.45% during the forecast period and the market size is expected to reach nearly US$ 5.91 Bn. by 2029.Visualization and 3D Rendering Software Market size was valued at US$ 3.38 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 23.1% through 2024 to 2030, reaching nearly US$ 14.50 Bn.3D Modeling, 3D Visualization, and 3D Data Capture Market is worth USD 0.81 Billion in 2023 and is estimated to grow at a CAGR of 4.1% in the forecasted period. The forecasted revenue hints at a growth of around 1.08 billion USD by 2030.

Key Benefits for Stakeholders:

Data Visualization Tools market report offers a comprehensive analysis of the, combining both quantitative and qualitative insights. It covers segment analysis, current trends, market dynamics, challenges, and forecasts for the industry from 2024 to 2030.Utilizing Porter’s Five Forces framework, the report examines the power of buyers and suppliers, supporting stakeholders in making informed decisions and strengthening supplier-buyer relationships.A detailed look at market segmentation covers key opportunities within the Data Visualization Tools sector.Major countries within each region are mapped according to their revenue contributions, highlighting their impact on the global market.Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

About Maximize Market Research:

Maximize Market Research is a multifaceted Market Research and consulting company with professionals from several industries. Some industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Bangalore Highway, Narhe,
Pune, Maharashtra 411041, India
+91 9607365656
sales@maximizemarketresearch.com
Follow Up: Facebook | Twitter | LinkedIn | Instagram

Logo: https://mma.prnewswire.com/media/2457992/Maximize_Market_Research_Logo.jpg

 

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OceanBase Receives Honorable Mention for the Second Consecutive Year in the 2024 Gartner® Magic Quadrant™ Report

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SINGAPORE, Dec. 26, 2024 /PRNewswire/ — OceanBase has once again been named as Honorable Mention in the 2024 Gartner® Magic Quadrant™ for Cloud Database Management Systems (Cloud DBMS), marking the second consecutive year it has received this recognition.

OceanBase offers scalable distributed database for data-intensive transactional and real-time operational analytics workloads, with ultra-fast performance and high compatibility across major global cloud infrastructures, including Amazon Web Services, Google Cloud, Alibaba Cloud and Tencent Cloud. Operating across more than 30 regions in Asia, Europe, and America, OceanBase has already served over 2,000 customers, such as SAIC Volkswagen, DiDi Global, vivo, Pop Mart, Haidilao, Kwai, Trip.com, GCash, DANA, and PalmPay.

Over the past year, OceanBase has made significant strides in the Southeast Asian market. In December 2024, Starpay, a leading financial technology company in the Philippines, announced a partnership with OceanBase to leverage its cutting-edge distributed database solutions.

OceanBase hosted the inaugural OceanBase INFINITY tech conference in Jakarta, Indonesia in June 2024. During the event, the company announced strategic partnerships with leading local resellers to better serve customers in the Indonesian market.

According to Gartner’s latest DBMS market data in the Magic Quadrant, “the overall database management system market grew by 13.4% in 2023, reaching $103.2 billion“, up from $91 billion in 2022. The DBMS segment remains one of the fastest-growing areas within the software market, alongside analytic platforms, networking software, and supply chain management software.

In May 2024, OceanBase was also recognized as an Asia/Pacific Customers’ Choice and also named a Strong Performer in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud DBMS report.

Gartner, Magic Quadrant for Cloud Database Management Systems, 18 December 2024

Gartner, Voice of the Customer for Cloud Database Management Systems, 24 May 2024

Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

GARTNER, MGAGIC QUADRANT and PEER INSIGHTS are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

About OceanBase

OceanBase is a distributed database launched in 2010. It provides strong data consistency, high availability, high performance, cost efficiency, elastic scalability, and compatibility with mainstream relational databases. It handles transactional, analytical, and AI workloads through a unified data engine, enabling mission-critical applications and real-time analytics.

To learn more, please visit: https://www.oceanbase.com/

View original content:https://www.prnewswire.com/apac/news-releases/oceanbase-receives-honorable-mention-for-the-second-consecutive-year-in-the-2024-gartner-magic-quadrant-report-302339146.html

SOURCE OceanBase

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Matwings Technology Raised Series A Funding of Tens of Millions USD to Redefine Protein Design

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‘Beyond Structure, Predicting Function’

SHANGHAI, Dec. 25, 2024 /PRNewswire/ — Recently, Shanghai Matwings Technology Co., Ltd. (‘Matwings’), a global leader in AI-driven protein design, announced the successful completion of Series A funding rounds, raising tens of millions of USD, led by Qiming Venture Partners.

Matwings is pioneering a new frontier in protein engineering with its proprietary AI-based general protein design platform, AccelProtein™, which directly predicts protein functionality beyond the structural data. By predicting functionality, AccelProtein™ offers a new approach for acquiring high-functioning proteins.

AccelProtein™ is built on the Pro-PRIME model, a breakthrough developed by a collaborative team led by Professor Liang Hong at Shanghai Jiao Tong University. After years of research focused on data collection, curation, and optimization, the team developed the Pro-series – an AI framework for protein design. Their work, titled “A General Temperature-Guided Language Model to Design Proteins of Enhanced Stability and Activity” was recently published in Science Advances.

A featured case of AccelProtein™’s impact is the design of a specialized Glycosyltransferase enzyme, which is used in the production of EPS-G7, a core material for pancreatitis screening. Within just 4 months, Matwings increased the enzyme’s total glycosylation activity by 7 times, enhanced product specificity from 60% to 98%, and reduced hydrolytic activity by 33%. These improvements cut down the cost of EPS-G7 by 90%.

In another application, Matwings successfully engineered a super alkali-resistant affinity ligand (a nanobody) for affinity chromatography, improving alkali resistance by 3 folds, binding capacity over 100%, and heat stability by 8℃. This innovation saved millions of USD in CMC costs for a Matwings client. Additionally, scale-up production to 5000L has been successfully completed. Such advancement enables low-cost affinity chromatography purification a viable option for a wide range of biologics, bringing more cost-effective solutions for drug production.

Since 2021, Matwings has successfully delivered over 30 protein-engineering and enzyme-mining projects either proprietary (e.g., Enterokinase, Carboxypeptidase B, KEX2 Protease, Maltogenic Amylase, Subtilisin, Protein A, PETase, T7 RNA Polymerase, and phi29 DNA Polymerase) and co-developed with our stakeholders. These projects span across various applications, including drug innovation, in vitro diagnostics, nutrition and healthcare, food and beverage, and green energy.

About Matwings

Matwings, founded in 2021 by an elite team from Shanghai Jiao Tong University, is one of the earliest companies to focus on AI protein models.

Matwings is dedicated to moving beyond directed evolution methods to design and engineer functionally optimized proteins by leveraging a proprietary, pre-trained, AI-based general protein design platform with 780 million curated full-length protein sequence data, including nearly 500 million private data.

This cutting-edge technology platform, AccelProtein™, enables us to engineer proteins and uncover or de novo design novel proteins with significantly improved properties, including stability, activity, affinity, yield, etc.

To date, Matwings has successfully engineered more than 30 proteins either proprietary or co-developed with its stakeholders, and more than 40 ongoing projects across various applications in pharmaceutical industries and synthetic biology industries, e.g.  key enzymes and proteins for CMC, innovative Biologics, synthetic biology and more.

Matwings is actively seeking global partnerships to jointly develop and commercialize new products.

Contact Information:
Email: info@matwings.com
Website: https://www.matwings.com/en/ 
Tel: +86 158 2106 5410
Paper Link: https://www.science.org/doi/10.1126/sciadv.adr2641 

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SOURCE Matwings Technology

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Agoda Highlights Tokyo as Top Global New Year’s Eve Destination

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SINGAPORE, Dec. 26, 2024 /PRNewswire/ — Digital travel platform Agoda has announced Tokyo as the most popular destination for New Year’s Eve, based on accommodation searches. This marks a shift from last year when Taipei held the top spot. Following Tokyo, the list includes Bangkok, Taipei, Pattaya, and Osaka, showcasing a diverse range of preferences among travelers.

The data highlights a perpetual interest in Tokyo, a city known for its unique blend of tradition and modernity. Travelers are drawn to its vibrant celebrations, cultural experiences, and iconic landmarks. Bangkok and Taipei, too, continue to be favored destinations, offering rich cultural festivities and lively atmospheres. Pattaya and Osaka also make the list, appealing to those seeking beachside celebrations and culinary delights, respectively.

Agoda’s data reveals Tokyo’s prominence not only on a worldwide scale but also within Japan. Domestic accommodation searches have increased by 23%, with Tokyo leading as the preferred destination, followed by Osaka, Kyoto, Yokohama, and Okinawa Main Island. For Japanese traveling abroad, the destinations primarily considered are Taipei, Seoul, Bangkok, Pattaya, and Hong Kong.

Hiroto Ooka, Associate Vice President North Asia at Agoda said: “Tokyo’s rise to the top of Agoda’s New Year’s Eve destination list is a testament to the city’s global appeal. Whether you’re celebrating New Year’s Eve in Tokyo, Osaka, or anywhere else in the world, Agoda is ready to help you find the perfect spot to ring in the New Year.”

As travelers prepare for their New Year’s Eve plans, Agoda offers a comprehensive selection of over 4.5 million holiday properties, more than 130,000 flight routes, and over 300,000 activities, all available for seamless booking. Download the Agoda app for the latest deals or visit agoda.com/deals.

 

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SOURCE Agoda

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