huge proliferation
Data visualisation market growing US$900 million a year
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, according to a statement from UK-based data visualisation provider Zegami. The statement outlines the results of analysing 360 Reports' research into the market. The statement claims this growth is fuelled by the huge proliferation in the amount of data being produced, the increased use of data visualisation in data analytics and business intelligence tools, and organisations looking to find ways to reduce their increased expenditure on data warehousing and storage costs. As well as the traditional use-case of providing insights that can aid in financial and business decision making, Data visualisation tools also have a role to play in compliance and meeting regulatory requirements. Zegami's statement claims that it will also be vital in the development of artificial intelligence, where machines and computers will increasingly make more decisions without human input.