Friday, 5th June 2020

Data visualisation market grows by $900 million

Analysis of industry data by Zegami, the data visualisation company helping businesses unlock their data potential, reveals that the global data visualisation market is growing by up to $900 million a year, and is expected to be worth over $9 billion by 2026.

Zegami says growth is being fuelled by the huge proliferation in the amount of data being produced, the increased use of data visualisation in data analytics & business intelligence tools, as well as organisations looking to find ways to reduce their increased expenditure on data warehousing and storage costs.

Data visualisation tools are being used to not only enhance decision making and speed up this process, they also have a vital role to play in compliance and meeting regulatory requirements.

To date, data visualisation is primarily being used to enhance human decision making rather than replacing it. However, Zegami says it also has a key role to play in the development of artificial intelligence, where machines and computers will increasingly make more decisions without human input

In terms of which sectors Zegami expects to see the biggest increase in the use of data visualisation tools, it believes academia and research, financial services and healthcare will be among the biggest adopters over the next 10 years or so.

Roger Noble, Founder and CTO, Zegami said: “The data visualisation market in these sectors will enjoy double digit compound annual growth rates over the next few years, and in some cases CAGR of over 20%. We see a potential growth in unstructured data in particular, especially images and video. By unlocking these untapped sources of data, we enable new ways of thinking and revenue opportunities for our customers.


With the huge proliferation of data, and how the Internet of Things and 5G will fuel this further, data visualisation tools are fast becoming business critical for any organisation that uses data.”
Informatica has introduced new intelligence and automation capabilities to the industry’s first Clou...
AWS machine learning and analytics to enhance the fan experience for Germany’s top football league,...
Over half (53%) of organisations also wasting time on deciding how to even collect data.
Collibra has published the findings of a commissioned study conducted by Forrester Consulting on its...
Research by Harvard Business Review Analytic Services, sponsored by ThoughtSpot, shows only 7% of or...
Rolls-Royce establishes new COVID-19 data alliance to help people and businesses understand our new...
Solution plays a key role in enterprise digital transformation initiatives by providing needed insig...
Support streamline back-office operations and intersystem linkage to promote the utilization of info...