Artificial Intelligence
Data Visualization Market to Touch USD 19.20 Billion by 2027; Rising Emphasis on Visualization by Businesses and Enterprises to Propel Market Growth: Fortune Business Insights™
Pune, India, May 18, 2021 (GLOBE NEWSWIRE) — The global data visualization market size is projected to reach USD 19.20 billion by 2027, exhibiting a CAGR of 10.2% in the forecast period. The rising adoption of visual information, analytics, scientific visualization, and other tools from business enterprises is expected to boost the demand for the product and people market growth shares Fortune Business Insights™ in its report titled “Data Visualization Market, 2020-2027.”
Businessmen are investing heavily in the visualization of information and business statistics as they help to enhance analytics. For example, Salesforce.com undertook an acquisition of Tableau Software LLC in August 2019 to improve its analytical activities and offer insights to the consumers through artificial intelligence. Companies are utilizing visualization tools to analyze the company’s sales performance and devise effective strategies to improve performance and make product launches. It provides the organization with real-time data by using a visual data detection system and gains insights from a huge clutter of data. It is used in several industries such as information technology, retail, e-commerce, and telecommunications. Hence, the technology adoption for mapping out data and providing an insightful analysis is expected to boost the demand for the product and fuel market growth.
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Impact of COVID-19
High Utilization of Visualized Data to Track Disease Spread will Bolster Market Growth
Several business enterprises are utilizing the software during the COVID-19 pandemic to track the spread of the infection and announce products accordingly to avoid loss. It helps the business organization to map out strategies and undertake measures to improve its positioning. The recent wave of lockdown in certain countries and the alarming spike in cases is expected to increase the sales of the visualization tools and positively affect the market growth.
Segments
By component, the market is segmented into software and services. As per the solution, it is bifurcated into standalone visualization software and embedded data visualization module. Based on enterprise size it is divided into small enterprises, medium enterprises, and large enterprises. On the basis of industry, it is classified into BFSI, construction and real estate, consumer goods, education, government, healthcare and pharmaceuticals, information technology, services and telecommunications, research, retail and e-commerce, transportation & logistics, and others. Regionally, it is grouped into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Highlights of the Report
This report analyzes the top segments and the recent trends. It comprehensively discusses the impact of COVID-19 on the market and the driving and restraining factors. Additionally, it examines the regional developments and the strategies implemented by the market’s key players.
Click here to get the short-term and long-term impacts of COVID-19 on this Market.
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Drivers and Restraints
Acceptance of Visualization for Structured Data Will Enable Speedy Market Expansion
Over the past few years, the data collected from the internet was cluttered and unstructured, resulting in inconveniency for organizations to streamline data. To gain structured data analysis and insights on the market, business organizations are increasingly adopting the technology to plan their activities and estimate their upcoming product launch or strategy. The visualization technology incorporates artificial intelligence (AI) and machine learning (ML) technologies to map out a detailed data-based report for the organizations. It provides personalization to the firms to understand statistics. For example, Deloitte Touche Tohmatsu Ltd announced a public data visualization using advanced technologies such as AI, ML, and blockchain to provide informative data. Further, companies are acquiring other players to enhance their technology. For example, Alphabet Inc. announced that Google LLC had planned the acquisition of data analysis software Looker Data Sciences in June 2019 for approximately USD 2.60 billion for providing a platform that enables to connect, visualize, and collect statistics from several platforms. The rising adoption of the software by major companies because of the advanced technology is expected to drive the data visualization market for the forecast period.
However, higher cost for the adoption of visualization system is expected to hinder the market growth.
Regional Insights
Presence of Major Companies in North America to Bolster Market Growth
North America is projected to dominate the market share because of the presence of companies and the adoption of data analysis systems across several industries. Additionally, the rising investment of business enterprises in the visualization system is expected to positively impact the market.
The European region is expected to exhibit a substantial CAGR because of the strong demand for analytical tools in the e-commerce, transportation, and retail sectors.
The Asia Pacific region is expected to grow significantly because of the increasing demand for visualization software as it offers them a huge opportunity to improve their business operations.
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Competitive Landscape
Key Players to incorporate Partnership Strategies to Support Industry
Companies have incorporated partnership strategies for incorporating data analysis technologies and help offer their consumers precise data. For example, QlikTech International AB engaged in a partnership with DataRobot Inc. in February 2019 to fuse machine learning technology in the data analysis software to enable users to obtain precise predictive data to help them make effective decisions in business. Further, companies have expanded their relationship with other players to provide their consumers with flexible cloud services. For example, Tableau Software, LLC expanded their strategic cooperation with Amazon Web Services, Inc. by launching “Modern Cloud Analytics (MCA) that enables them to accurately measure analytics and obtain flexible cloud-based self-service analytics.
Industry Developments
April 2020: Tableau Software, LLCpartnered with the U.S. Census Bureau to launch a Response Rate Map that provides data transparency to Census and improves the consumer’s experience.
List of Key Players Profiled in the Data Visualization Market Report
- Adaptive Insights
- Alteryx Inc.
- ChartBlocks Ltd.
- Cluvio GmbH
- Domo, Inc.
- Dundas Data Visualization, Inc.
- Highsoft AS
- IBM Corporation
- Looker Data Sciences
- Microsoft Corporation
- QlikTech Corporation
- SAP SE
- Sisense, Inc.
- Tableau Software, LLC
- Visually, Inc.
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Table Of Content:
- Introduction
- Definition, By Segment
- Research Approach
- Sources
- Executive Summary
- Market Dynamics
- Drivers, Restraints, and Opportunities
- Emerging Trends
- Key Insights
- Macro and Micro Economic Indicators
- Consolidated SWOT Analysis of Key Players
- COVID-19 Impact Analysis
- Global Data Visualization Market Analysis, Insights and Forecast, 2015-2027
- Key Findings / Summary
- Market Size and Forecast – By Component (Value)
- Software
- On Premise
- Cloud
- Services
- Consulting Services
- Support Services
- Software
- Market Size and Forecast – By Solution (Value)
- Standalone Visualization Software
- Embedded Data Visualization Module
- Market Size and Forecast – By Enterprise Size (Value)
- Small Enterprises
- Medium Enterprises
- Large Enterprises
- Market Size and Forecast – By Industry (Value)
- BFSI
- Construction and Real Estate
- Consumer Goods
- Education
- Government
- Healthcare and Pharmaceuticals
- Information Technology, Services and Telecommunications
- Research
- Retail and E-commerce
- Transportation and Logistics
- Others (Veterinary, Environmental Services, Non-Profit Organization Management etc.)
- Data Visualization Market Size and Forecast – By Region (Value)
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
- North America Data Visualization Market Analysis, Insights and Forecast, 2015-2027
- Key Findings / Summary
- Market Size and Forecast – By Component (Value)
- Software
- On Premise
- Cloud
- Services
- Consulting Services
- Support Services
- Software
- Market Size and Forecast – By Solution (Value)
- Standalone Visualization Software
- Embedded Data Visualization Module
- Market Size and Forecast – By Enterprise Size (Value)
- Small Enterprises
- Medium Enterprises
- Large Enterprises
- Data Visualization Market Size and Forecast – By Industry (Value)
- BFSI
- Construction and Real Estate
- Consumer Goods
- Education
- Government
- Healthcare and Pharmaceuticals
- Information Technology, Services and Telecommunications
- Research
- Retail and E-commerce
- Transportation and Logistics
- Others (Veterinary, Environmental Services, Non-Profit Organization Management etc.)
- Market Size and Forecast – By Country (Value)
- United States
- Canada
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Artificial Intelligence
JupiterOne and watchTowr announce partnership to protect business critical assets with broad exposure management capabilities
SINGAPORE, May 2, 2024 /PRNewswire/ — watchTowr, a leader in external attack surface management (EASM) technology and fuelled by watchTowr Labs, a renowned vulnerability R&D capability, has formed a strategic partnership with JupiterOne. JupiterOne is a leader in cyber asset attack surface management (CAASM) technology. This collaboration enables customers to rapidly prioritize emerging threats within their constantly changing environments, focusing on fixing the most critical risks impacting their business, which enables an end-to-end continuous threat exposure management process (CTEM).
Over 28,000 CVE records were published in 2023; a figure that is expected to increase as attackers shorten the time from known vulnerability to exploit, reducing it from weeks to days. JupiterOne and watchTowr’s integrated solution empowers enterprises to discover their most critical and exploitable vulnerabilities, prioritize them with asset context based on business impact and receive an actionable remediation plan to improve security posture.
This partnership enables a complete continuous threat exposure management program, addressing the full spectrum of cyber risk management. The fully integrated solution provides continuous monitoring and assessment of both internal and external digital assets, allowing for prioritization and effective threat mitigation for a business’s most critical assets. “Our partnership with watchTowr is a game-changer” said Forte. “Combining our data aggregation with real-time asset discovery and automated security testing allows us to offer a unique, all-encompassing approach to exposure management.”
Benjamin Harris, CEO, watchTowr, said, “While the number of reported vulnerabilities continues to rise, the vulnerabilities that matter – in mission-critical, key systems – have exploded at an alarming rate. This reality, combined with the significant shift in speed by attackers to weaponize vulnerabilities – the ability to validate exploitability and prioritise actions based on real business risk has never been more vital. We’re excited to join forces with JupiterOne to give security teams around the globe this much-needed end-to-end capability.”
About JupiterOne:
JupiterOne is a cybersecurity startup delivering powerful software solutions to companies across all industries, providing deep insights to cyber assets and the relationships between, empowering security professionals to have true knowledge and ownership of their attack surfaces.
About watchTowr:
watchTowr is a global cybersecurity technology company, built by former adversaries.
watchTowr’s world-class External Attack Surface Management and Continuous Automated Red Teaming technology is informed by years of experience compromising some of the world’s most targeted organisations and utilised by Fortune 500, financial services and critical infrastructure providers every day.
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LONDON, May 1, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT; CLVT PR A) (“Clarivate”), a leading global provider of transformative intelligence, today announced that its board of directors declared a quarterly dividend of $1.3125 per share on its 5.25% Series A Mandatory Convertible Preferred Shares (the “Preferred Shares”), payable in cash on June 3, 2024 to shareholders of record at the close of business on May 15, 2024.
On the mandatory conversion date, which is scheduled to occur on June 3, 2024, each Preferred Share will automatically and mandatorily convert into a number of ordinary shares of Clarivate (and cash in lieu of any fractional ordinary shares) based on the average volume weighted average price (“VWAP”) of Clarivate’s ordinary shares over a 30-trading day period that begins on, and includes, April 18, 2024 and is scheduled to end on, and include, May 30, 2024 (the “valuation period”). If such VWAP is (i) greater than $31.20, then the mandatory conversion rate will be 3.2052 ordinary shares of Clarivate per Preferred Share, (ii) less than or equal to $31.20 but equal to or greater than $26.00, then the mandatory conversion rate will be a number of ordinary shares of Clarivate per Preferred Share equal to $100.00 divided by such VWAP and (iii) less than $26.00, then the mandatory conversion rate will be 3.8462 ordinary shares of Clarivate per Preferred Share. The mandatory conversion rate will be announced following the end of the valuation period. The above description of the terms of the Preferred Shares is not complete and is subject to, and qualified in its entirety by reference to, the “Statement of Rights” for the Preferred Shares, which is filed as Exhibit 3.2 to Clarivate’s annual report on Form 10-K for the fiscal year ended December 31, 2023.
Cautionary Note Regarding Forward-Looking Statements
This communication contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management’s current views concerning future business, events, trends, contingencies, financial performance, or financial condition, appear at various places in this communication and may use words like “aim,” “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “goal,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “see,” “seek,” “should,” “strategy,” “strive,” “target,” “will,” and “would” and similar expressions, and variations or negatives of these words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on management’s current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include those factors discussed under the caption “Risk Factors” in our annual report on Form 10-K, along with our other filings with the U.S. Securities and Exchange Commission (“SEC”). However, those factors should not be considered to be a complete statement of all potential risks and uncertainties. Additional risks and uncertainties not known to us or that we currently deem immaterial may also adversely affect our business operations. Forward-looking statements are based only on information currently available to our management and speak only as of the date of this communication. We do not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, except as otherwise required by securities and other applicable laws. Please consult our public filings with the SEC or on our website at www.clarivate.com.
About Clarivate
Clarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com.
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BEIJING, May 1, 2024 /PRNewswire/ — Focusing on the development of AI, the third CMG Forum was held on Monday in Beijing.
Li Shulei, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and the head of the Publicity Department of the CPC Central Committee, attended the opening of the event and delivered a speech.
Guests at the forum stressed the role of media in promoting the innovative application of AI as well as its governance.
Efforts should also be made to boost the development of AI in creating positive, healthy, diverse and high-quality content, so that AI can become a force for good and benefit mankind, they agreed.
They also called on media to accelerate intelligent transformation and help bridge international exchanges and cooperation on the governance of AI to facilitate its healthy, orderly and safe development.
Hosted by China Media Group (CMG), the forum attracted more than 200 participants from international organizations, media, think tanks and multinational companies.
“Innovation and breakthroughs in science and technology not only guide the development and progress of human civilization, but also bring uncertainty to the changing world,” said Shen Haixiong, vice minister of the Publicity Department of the CPC Central Committee and president of CMG. He called for efforts to jointly create valuable and responsible artificial intelligence.
AI technology is affecting every aspect of our lives. Thomas Bach, president of the International Olympic Committee (IOC), stated in a video speech that CMG has always been a partner of the IOC, bringing the charm of the Olympic Games to hundreds of millions of Chinese viewers. He said the IOC invites CMG to work together for the creation of a future with the application of AI in Olympic sports.
“From ancient inventions such as silk, printing and the compass to modern technological advances such as robotics, telecommunications and green technology, China has always been committed to innovation and creation,” said Daren Tang, director general of the World Intellectual Property Organization (WIPO). He said WIPO pays close attention to ensuring a balance between the opportunities and risks of artificial intelligence and is committed to strengthening cooperation to ensure that artificial intelligence is properly used.
https://news.cgtn.com/news/2024-04-30/3rd-CMG-Forum-in-Beijing-discusses-AI-development-1tdDcXvCexG/p.html
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