IT organizations are gaining an upper hand with the adoption of BVDs and are leveraging IT metrics with key business indexes. The business value dashboard market is projected to have a rapid-paced CAGR of 17.3% during the forecast period.
The current valuation of the business value dashboard market is USD 1290.0 million in 2022. The market value of the business value dashboard market is estimated to reach a high of USD 6350.0 million by the year 2032.
| Report Attribute | Details |
|---|---|
| Business Value Dashboard Market Value (2022) | USD 1290.0 Million |
| Business Value Dashboard Market Anticipated Value (2032) | USD 6350.0 Million |
| Business Value Dashboard Projected Growth Rate (2022 to 2032) | 17.3% |
The growing need for validation, analysis, and communication amongst the different verticals of organizations is fueling the adoption and deployment of business value dashboards to ease up the procedures within the interconnected resources.
Micro-focus business value dashboards are alleviating the conveniences for end users by adding personalization facilities for figuring out the bottlenecks within the thousands of unities and curating dashboards comprehensive to the exact needs. Therefore, it is anticipated that the business value dashboard market is likely to have steady growth during the upcoming years and revolutionize the way organizational concerns are approached.
| DRIVERS | The vast volume of data in it and other industries which needs to monitor and understand is a major driver for the business value dashboard market. |
|---|---|
| RESTRAINTS | Technophobia and reluctance the adoption of new technology |
| OPPORTUNITIES | Integration of automated analysis and results for the business value dashboard |
| THREATS | High costs involved in migration and system infrastructure deployment |
It is anticipated that the IT sector would majorly drive the demand for business value dashboard trends during the forecast period. To support the ongoing regulations and compliances, coupled with an augmentation of transparency and unified integration, the information technology sector is expected to fuel the market expansion for business value dashboards.
The manufacturers are also introducing AI-powered products to increase the AI capabilities of analytics. This would help in real-time analysis and effective decision-making, with the dynamic representation of data, further fueling the growth of the BVD market during the period 2022 to 2032. The business value dashboard is also expected to help the incumbents of various industries such as BFSI and manufacturing, proving to be beneficial by ensuring the accuracy of information and risk management.
However, certain challenges are also anticipated that are likely to inhibit the growth of the business value dashboard market in the coming years. It is witnessed that the changing data according to the location of the offices is posing challenges for data procurement. Furthermore, the high expenses incurred can also limit the growth of the BVD market in the upcoming years.
| Segment | Software Segment (By Services) |
|---|---|
| Recorded Share in Base Year | The software segment accounted for the largest revenue share of over 76.4% in 2021. |
| Description | The importance of business value dashboards boosting the adoption of BVDs by small and medium enterprises is anticipated to drive the growth of the software segment in the coming years. Several firms are adopting business value dashboards to fulfill regulatory compliances, including data privacy needs and financial reporting, discarding duplication of data, and improving organizational productivity. |
| Segment | On-Premise Segment (By Deployment) |
|---|---|
| Recorded Share in Base Year | The on-premise segment held a revenue share of over 45% in 2021. |
| Description | Several organizations are shifting from manual systems to automated systems to carry out various operations. This has triggered the demand for on-premise software. Several organizations are availing of on-premise deployment due to increased security features. |
| Segment | Large Enterprise Segment (By Enterprise Size) |
|---|---|
| Recorded Share in Base Year | The large enterprise segment held the highest market share of 67.3% in 2021. |
| Description | The rising adoption can be attributed to robust monitoring solutions and automation capabilities for resource allocation and strategic decision-making across large firms. Therefore, the BVD market is likely to propel further with wide adoption by the concerned enterprises. |
It is projected that the business value dashboard market is currently dominated by the North American regions, specifically by the USA and Canada with a considerable share of 29.5%, owing to numerous factors.
Increasing demand for risk management solutions and the rise in requirement of on-time authentic information. The presence of the biggies of the market is putting a strong emphasis on the digital transformation of this region and North America is being considered one of the early adopters of next-generation technologies.
According to Canadian Radio-Television and Telecommunications Commission (CRTC), the Canadian telecom industry achieved a growth rate of 3.2% in recent years, which in turn is likely to fuel the BVD market.
Europe is likely to hold the second largest share and the expanding market size of business value dashboards in Germany and Italy, the expansion can be attributed to fast adopting solutions in the various end-user industries such as utilities, manufacturing, and more.
How are The New Entrants Stirring Up the BVD market?
The performance of the start-ups is continually getting optimized with the utilization of new trends in the market and through indulgences in continuous integration and deployment of more advanced features in the business value dashboards.
Databricks - Databricks was established in 2013 by the developers of Apache SparkTM, Delta Lake, and MLflow, all of whom had their start in academia or the open-source community. Databricks is the first and only cloud-based lakehouse platform, merging the advantages of traditional data warehouses with those of newer, more flexible data lakes.
Databricks is used by over 7,000 companies throughout the globe today to provide massive-scale data engineering, collaborative data science, full-lifecycle machine learning, and business analytics.
Arcion - It is a Mumbai-based cloud-based start-up that provides data pipeline solutions. With its help, customers can set up real-time data pipelines, as the platform is a business intelligence platform with zero-code data mobility options. Data capture, validation, and transformation are just some of the several services it offers.
Market Leaders and Their Expansionary Development Strategies
The market players in the business value dashboard market are enabling open innovation. The manufacturers are paying keen attention to continually upgrading their solutions for expanding the market share of business value dashboards.
The companies can be seen engaging in mergers & acquisitions and partnerships to further upgrade their products and gain a competitive advantage in the market. They are effectively working on new product development, and enhancement of existing products to acquire new customers and capture more market shares.
Recent Developments
| Attributes | Details |
|---|---|
| Growth Rate | CAGR of 17.3% from 2022 to 2032 |
| The base year for Estimation | 2021 |
| Historical Data Available for | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis. |
| Segments Covered | By Component, By Segmentation, By Verticals, Region |
| Regions Covered | North America; Latin America; Asia Pacific; Japan; Western Europe; Eastern Europe; Middle East & Africa |
| Key Countries Profiled | The United States of America, Canada, Brazil, Argentina, Germany, The United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, GCC Countries, South Africa |
| Key Companies Profiled | Hewlett Packard Enterprise; Interlink Software Services Ltd.; eMite; Salesforce.com; PureShare by TeamQuest; Proxima Software Solutions; Tableau Software; International Business Machines Corporation; ServiceClarity |
| Customization | Available upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 3: Global Market Value (US$ Million) Forecast by Deployment, 2017 to 2032
Table 4: Global Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 5: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 6: North America Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 7: North America Market Value (US$ Million) Forecast by Deployment, 2017 to 2032
Table 8: North America Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 10: Latin America Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 11: Latin America Market Value (US$ Million) Forecast by Deployment, 2017 to 2032
Table 12: Latin America Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 13: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 14: Europe Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 15: Europe Market Value (US$ Million) Forecast by Deployment, 2017 to 2032
Table 16: Europe Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 17: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 18: Asia Pacific Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 19: Asia Pacific Market Value (US$ Million) Forecast by Deployment, 2017 to 2032
Table 20: Asia Pacific Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Table 21: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 22: Middle East and Africa Market Value (US$ Million) Forecast by Component, 2017 to 2032
Table 23: Middle East and Africa Market Value (US$ Million) Forecast by Deployment, 2017 to 2032
Table 24: Middle East and Africa Market Value (US$ Million) Forecast by Vertical, 2017 to 2032
Figure 1: Global Market Value (US$ Million) by Component, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Deployment, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 4: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 8: Global Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 9: Global Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 10: Global Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 11: Global Market Value (US$ Million) Analysis by Deployment, 2017 to 2032
Figure 12: Global Market Value Share (%) and BPS Analysis by Deployment, 2022 to 2032
Figure 13: Global Market Y-o-Y Growth (%) Projections by Deployment, 2022 to 2032
Figure 14: Global Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 15: Global Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 16: Global Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 17: Global Market Attractiveness by Component, 2022 to 2032
Figure 18: Global Market Attractiveness by Deployment, 2022 to 2032
Figure 19: Global Market Attractiveness by Vertical, 2022 to 2032
Figure 20: Global Market Attractiveness by Region, 2022 to 2032
Figure 21: North America Market Value (US$ Million) by Component, 2022 to 2032
Figure 22: North America Market Value (US$ Million) by Deployment, 2022 to 2032
Figure 23: North America Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 24: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 28: North America Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 29: North America Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 30: North America Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 31: North America Market Value (US$ Million) Analysis by Deployment, 2017 to 2032
Figure 32: North America Market Value Share (%) and BPS Analysis by Deployment, 2022 to 2032
Figure 33: North America Market Y-o-Y Growth (%) Projections by Deployment, 2022 to 2032
Figure 34: North America Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 35: North America Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 36: North America Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 37: North America Market Attractiveness by Component, 2022 to 2032
Figure 38: North America Market Attractiveness by Deployment, 2022 to 2032
Figure 39: North America Market Attractiveness by Vertical, 2022 to 2032
Figure 40: North America Market Attractiveness by Country, 2022 to 2032
Figure 41: Latin America Market Value (US$ Million) by Component, 2022 to 2032
Figure 42: Latin America Market Value (US$ Million) by Deployment, 2022 to 2032
Figure 43: Latin America Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 44: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 48: Latin America Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 51: Latin America Market Value (US$ Million) Analysis by Deployment, 2017 to 2032
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Deployment, 2022 to 2032
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Deployment, 2022 to 2032
Figure 54: Latin America Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 57: Latin America Market Attractiveness by Component, 2022 to 2032
Figure 58: Latin America Market Attractiveness by Deployment, 2022 to 2032
Figure 59: Latin America Market Attractiveness by Vertical, 2022 to 2032
Figure 60: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 61: Europe Market Value (US$ Million) by Component, 2022 to 2032
Figure 62: Europe Market Value (US$ Million) by Deployment, 2022 to 2032
Figure 63: Europe Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 64: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 65: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 66: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 67: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 68: Europe Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 69: Europe Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 70: Europe Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 71: Europe Market Value (US$ Million) Analysis by Deployment, 2017 to 2032
Figure 72: Europe Market Value Share (%) and BPS Analysis by Deployment, 2022 to 2032
Figure 73: Europe Market Y-o-Y Growth (%) Projections by Deployment, 2022 to 2032
Figure 74: Europe Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 75: Europe Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 76: Europe Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 77: Europe Market Attractiveness by Component, 2022 to 2032
Figure 78: Europe Market Attractiveness by Deployment, 2022 to 2032
Figure 79: Europe Market Attractiveness by Vertical, 2022 to 2032
Figure 80: Europe Market Attractiveness by Country, 2022 to 2032
Figure 81: Asia Pacific Market Value (US$ Million) by Component, 2022 to 2032
Figure 82: Asia Pacific Market Value (US$ Million) by Deployment, 2022 to 2032
Figure 83: Asia Pacific Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 84: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 85: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 88: Asia Pacific Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 89: Asia Pacific Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 90: Asia Pacific Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 91: Asia Pacific Market Value (US$ Million) Analysis by Deployment, 2017 to 2032
Figure 92: Asia Pacific Market Value Share (%) and BPS Analysis by Deployment, 2022 to 2032
Figure 93: Asia Pacific Market Y-o-Y Growth (%) Projections by Deployment, 2022 to 2032
Figure 94: Asia Pacific Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 95: Asia Pacific Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 96: Asia Pacific Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 97: Asia Pacific Market Attractiveness by Component, 2022 to 2032
Figure 98: Asia Pacific Market Attractiveness by Deployment, 2022 to 2032
Figure 99: Asia Pacific Market Attractiveness by Vertical, 2022 to 2032
Figure 100: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 101: Middle East and Africa Market Value (US$ Million) by Component, 2022 to 2032
Figure 102: Middle East and Africa Market Value (US$ Million) by Deployment, 2022 to 2032
Figure 103: Middle East and Africa Market Value (US$ Million) by Vertical, 2022 to 2032
Figure 104: Middle East and Africa Market Value (US$ Million) by Country, 2022 to 2032
Figure 105: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 106: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 107: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 108: Middle East and Africa Market Value (US$ Million) Analysis by Component, 2017 to 2032
Figure 109: Middle East and Africa Market Value Share (%) and BPS Analysis by Component, 2022 to 2032
Figure 110: Middle East and Africa Market Y-o-Y Growth (%) Projections by Component, 2022 to 2032
Figure 111: Middle East and Africa Market Value (US$ Million) Analysis by Deployment, 2017 to 2032
Figure 112: Middle East and Africa Market Value Share (%) and BPS Analysis by Deployment, 2022 to 2032
Figure 113: Middle East and Africa Market Y-o-Y Growth (%) Projections by Deployment, 2022 to 2032
Figure 114: Middle East and Africa Market Value (US$ Million) Analysis by Vertical, 2017 to 2032
Figure 115: Middle East and Africa Market Value Share (%) and BPS Analysis by Vertical, 2022 to 2032
Figure 116: Middle East and Africa Market Y-o-Y Growth (%) Projections by Vertical, 2022 to 2032
Figure 117: Middle East and Africa Market Attractiveness by Component, 2022 to 2032
Figure 118: Middle East and Africa Market Attractiveness by Deployment, 2022 to 2032
Figure 119: Middle East and Africa Market Attractiveness by Vertical, 2022 to 2032
Figure 120: Middle East and Africa Market Attractiveness by Country, 2022 to 2032
The business value dashboard market is anticipated to register a CAGR of 17.3% through 2032.
The business value dashboard market is estimated at around USD 1,290.0 Million in 2022.
The business value dashboard market is poised to be valued at USD 6,350.0 Million by 2032.
The North American region captures a share of 29.5% of the business value dashboard market.
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Business Value Dashboard Market
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