How Has the Dashboard Software Market Size Evolved in Recent Years?
The dashboard software market has seen considerable growth due to a variety of factors.
• Recently, there's been a rapid expansion in the size of the dashboard software market. It is predicted to rise from $6 $ billion in 2024 to $6.88 $ billion in 2025, with a Compound Annual Growth Rate (CAGR) of 14.6%.
Factors contributing to this growth during the historic period include the escalating demand for data visualization, a surge in the uptake of cloud-based solutions, an expansion in big data analytics, an increase in mobile device utilization, and the rise in automation.
What Are The Predictions for The Dashboard Software Market in the Coming Years?
The dashboard software market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the dashboard software market is forecasted to witness steep expansion in consecutive years. The value is projected to escalate to $11.75 billion by 2029, with a compound annual growth rate (CAGR) of 14.3%.
Factors contributing to this growth during the prediction period include the growing demand for mobile-friendly dashboards, reinforced focus on data-centric decision-making processes, increased attention to operational effectiveness, the wide acceptance of work from home, and escalated investments in digital conversion strategies. Notable trends for the forecast period embrace technological progress, artificial intelligence integration, cloud-oriented solutions, mobile dashboards, and the internet of things.
Which Drivers Are Accelerating Growth In The Dashboard Software Market?
The expansion of the dashboard software market is projected to be fueled by the growing acceptance of cloud-based solutions. These solutions comprise services, applications, or resources that are provided and utilized via the internet, instead of being installed on local servers or devices. The surge in the adoption of cloud-based solutions is due to a variety of factors such as cost-effectiveness, scalability, security, performance, and dependability. The utilization of dashboard software proves to be advantageous for cloud-based solutions, as it offers instantaneous access to data, scalability, and adaptability, facilitating easily accessible, secure, and central visual data from any gadget. For instance, as per Eurostat, a statistical office of the European Union based in Luxembourg, about 45.2% of EU enterprises leveraged cloud computing services in 2023, principally for tasks such as email hosting, file storage, and various operational duties. This represented a significant rise of 4.2 percentage points since 2021. Email services (82.7%) were the most popular cloud computing service purchased in 2023, trailed by file storage services (68.0%), and office software (66.3%). Hence, the escalating adoption of cloud-based solutions is fueling the expansion of the dashboard software market.
What Are The Core Segments Of The Global Dashboard Software Market?
The dashboard softwaremarket covered in this report is segmented –
1) By Deployment: On-Premises, Cloud-Based
2) By Organization: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
3) By Functionality: Business Intelligence (BI) Dashboards, Operational Dashboards, Executive Dashboards, Departmental Dashboards
4) By Industry Vertical: Healthcare, Retail, Telecommunications And IT, Banking, Financial Services, And Insurance (BFSI), Manufacturing, Government And Defense, Other Industry Verticals
Subsegments:
1) By On-Premises: Traditional Desktop Dashboard Software, Customizable On-Premises Dashboard Solutions, Integrated On-Premises Analytics Platforms
2) By Cloud-Based: SaaS (Software as a Service) Dashboard Solutions, Subscription-Based Cloud Dashboard Tools, Mobile-Optimized Cloud Dashboard Applications, Collaborative Cloud Dashboard Platforms
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How Are New Trends Impacting The Size Of The Dashboard Software Market?
Firms prevalent in the dashboard software market are concentrating their efforts on creating technologically sophisticated products such as interactive dashboards for uncomplicated data scrutiny. An interactive dashboard serves as a graphical tool for data evaluation, reporting, and decision-making. As an illustration, in April 2023, the software development corporation Inntopia, based in the US, introduced Destination Explorer, a sturdy dashboard software designed specifically for destination marketing organizations (DMOs), convention and visitor bureaus (CVBs), and accommodation providers. This utility offers a user-friendly interface for the examination of both prospective occupancy data and historical performance. By presenting in-depth insights and adjustable filters, it allows users to evaluate the effect of economic situations, bookings, weather, consumer assurance, holidays, school breaks, and exclusive events on guest reservation patterns. This comprehensive analysis aids property administrators in making data-guided choices regarding pricing, staffing, and value-added incentives.
Who Are the Key Players In The Dashboard Software Market?
Major companies operating in the dashboard software market are:
• Microsoft Corporation
• International Business Machines Corporation
• Oracle Corporation
• SAP SE
• SAS Institute Inc.
• The Sage Group plc
• Tableau Software LLC
• Zendesk Inc.
• Zoho Corporation Pvt. Ltd.
• TIBCO Software Inc.
• Smartsheet Inc.
• Domo Inc.
• Sisense Inc.
• Wrike Inc.
• Corporater AS
• GoodData Corporation
• Phocas Group Limited
• Scoro Software OÜ
• Yellowfin International Pty Ltd.
• Klipfolio Inc.
• Geckoboard Inc.
• Cyfe Inc.
• Agency Analytics Inc.
• InetSoft Technology Corporation
What Are The Regional Insights Into The Dashboard Software Market?
North America was the largest region in the dashboard software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dashboard software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
