According to a recent report from Fortune Business Insights, the data visualization market was valued at $8.85 billion in 2019 and is expected to reach $19.20 billion by 2027, growing at a compound annual growth rate of 10.2%. This rapid growth can be attributed to various factors such as the proliferation of smartphones, increasing internet usage, advancements in machine learning, the adoption of cloud computing technologies, and the Internet of Things.
In addition to these technological advancements, the rising popularity of smart factories and the increased use of visual analytics, information visualization, and scientific visualization in organizations of all sizes are also contributing to the growth of the data visualization market.
So, what exactly is data visualization? In simple terms, data visualization is the process of representing data in the form of charts, graphs, maps, or other visual elements. It allows for easier understanding and analysis of data, enabling relevant stakeholders to make more informed decisions.
Data visualization tools play a crucial role in facilitating this process by providing support for streaming data, AI integration, collaboration, interactive exploration, and self-service capabilities. These tools make it possible to create visually appealing and interactive representations of data.
Now, let’s take a look at some of the best data visualization tools available in the market:
Tableau
Tableau is a highly popular tool known for its ease of use and powerful visualization capabilities. It supports connectivity with various data sources and offers a wide range of charts and maps. Tableau is widely used by both individuals and large companies.
Dundas BI
Dundas BI offers highly customizable data visualizations with interactive scorecards, maps, gauges, and charts. It simplifies the complex operation of handling big datasets and provides users full control over visual elements.
Jupyter
Jupyter is a web-based application that allows users to create and share documents containing visualizations, equations, narrative text, and live code. It is ideal for data cleansing, statistical modeling, interactive computing, and machine learning.
Zoho Reports
Zoho Reports, also known as Zoho Analytics, is a comprehensive data visualization tool that integrates business intelligence and online reporting services. It allows for the quick creation and sharing of extensive reports, and supports the import of big data from major databases and applications.
Google Charts
Google Charts is a major player in the data visualization market. It is known for its ability to produce graphical and pictorial data visualizations. Google Charts offers cross-platform compatibility and easy integration with various Google products.
Visual.ly
Visual.ly is a data visualization tool that provides an impressive distribution network for project outcomes. It streamlines the process of data import and outsourcing, even to third parties.
These are just a few examples of the top-notch data visualization tools available. Each tool has its own set of features and capabilities, but they all have one thing in common: they help transform complex data into visually appealing and easily understandable representations.
When choosing a data visualization tool, consider factors such as ease of use, customization options, support for different data sources, and overall value for your specific needs. With the right tool, you can effectively communicate insights and make data-driven decisions that can drive business success.