Published Date : Oct 24, 2016
ALBANY, NY, Oct 24, 2016: A new study on the market for visual analytics in the U.S. education sector has been recently added to the vast repository of MarketResearchReports.biz. The study, titled “Visual Analytics Market In The US Education Sector 2016-2020,” presents an all-inclusive evaluation of this market taking the key trends and prospects into consideration.
With the growing adoption of enterprise resource planning (ERP) solutions in educational institutions across the U.S. for efficient operation and allocation of funds in their respective branches and departments, visual analytics is likely to gain prominence in the U.S. education sector, reveals the research report. According to analysts, the market for visual analytics in the U.S. education sector is estimated to rise at a CAGR of 8.59% during the period from 2016 to 2020.
The research report assesses the market for visual analytics in the U.S. education sector on two fronts: The end user and deployment. Based on the end user, the market has been classified into higher education visual analytics and K-12 visual analytics.
The higher education visual analytics segment emerged as the key consumer of visual analytics in 2015 with a share of nearly 80% in the overall market. The segment is likely to continue to dominate over the next few years, thanks to the rising usage of ERP solutions for succession planning, leadership development, and staff motivation, notes the research study.
Based on deployment, the research report segments the market for visual analytics in the U.S. education sector into on-premises visual analytics and cloud-based visual analytics. The segment of on-premise visual analytics is expected to acquire the lead in this market with a share of nearly 51% by 2020.
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The easy installation process of on-premise visual analytics and their ability to offer complete control over data storage and handling, and to customize and assimilate with other devices and software within the installed network is expected increase the demand for on-premises visual analytics in the U.S. education sector over the forthcoming years, reports the market study.
The research report also provides a competitive reports of the market for visual analytics in the U.S. education sector. As per the study, the market is led by companies that offer data analytics solutions, such as cloud computing. Oracle, SAS Institute, Tableau, and Qlik Technologies top the list of visual analytics companies operating in the U.S. education sector. These enterprises are investing heavily in technologies to increase research and development activities to meet the escalating expectation of consumers. Other prominent players in this market are Domo, Dundas Data Visualization, IBM, MicroStrategy, Logi Analytics, and SAP, states the research report.
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