driven planning. Additionally, growing necessity for real-time data
management coming from various logistics operations and rising adoption
of cloud technology for visual analytics is positively impacting the growth of
the market.
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Regionally, the market in North America is anticipated to hold the largest
market share owing to rising technological developments and applications of
visual analytics in various industries coupled with merging of IoT, big data
and cloud technology. The Europe market for visual analytics is anticipated
to witness high growth rate on the back of growing demand for business
intelligence technology in order to enhance the business productivity. The
presence of diverse manufacturing industries coupled with huge investments
by developing countries like Japan, Singapore, China and India in
technology is estimated to boost the growth of the market in Asia Pacific
region.
Growing Technological Advancements
Recent technological advancements leading to the adoption of Apache open
source technologies and SQL-on-Hadoop, in-memory computing, and in-
database processing coupled with continuous updating analytics facilities are
anticipated to hone the market growth. Additionally, rising demand for
visual analytics tools among various enterprises to access, interpret, and
analyze information is estimated to boost the market revenue in upcoming
years.