Dashboard Software Market Trend, Share, Growth, Size and Forecast 2032

The global Dashboard Software market size accrued earnings worth approximately USD 4.61 Billion in 2023 and is predicted to gain revenue of about USD 11.98 Billion by 2032, is set to record a CAGR of nearly 11.20% over the period from 2024 to 2032.

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Dashboard Software Market Overview

Dashboard software helps to understand and evaluate complex data with clear and colorful graphical interfaces to perform fact-based and real-time decision-making. Data is a valuable asset for organizations, but leveraging it is time-consuming and costly. Organization members get the opportunity to gain insightful data with the help of well-defined dashboard software. Additionally, dashboard software provides consolidated data instead of digging through databases, flipping between screens, and signing into multiple analytics applications. Dashboard software for monitoring operations is often developed differently from the ones made to support tactical decision-making process and need monitoring of events and activities that are frequently changing.

In order to give the users of this report a comprehensive view on the dashboard software market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the dashboard software market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. 

Dashboard Software Market Growth Dynamics

The major factor driving the growth of the dashboard software market is a huge amount of structured and non-structured data generated by organizations. The data generated by human and machine is experiencing a faster growth rate than conventional business data. High competition among businesses is one of the major factors driving the global dashboard software market growth. Dashboards are exhibiting a positive trend in real time and offering information that can be used in strategic business decisions. However, unwillingness toward the adoption of dashboard software and high execution costs are hindering the growth of this market. Nonetheless, the emerging trend of social media analytics is likely to offer traction to the dashboard software market in the upcoming years.

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Dashboard Software Market: Report Scope

Dashboard Software Market Segmentation Analysis

Different subsets of the dashboard software industry kept evolving in 2023. Benefits like autonomy, decision support, mobility, and standardized development environments drove the huge rise of the cloud deployment market, which is expected to exhibit a high CAGR of approximately 11.2%. Because of its data mining, dashboard, and analytics features, business analytics continued to be an important application and capture a large portion of the market. The high adoption rates of dashboard software by large organizations meant that they continued to dominate the end-user category. North America's sophisticated BFSI and IT sectors in the US kept the region's leadership position, accounting for almost 44% of the market. As a result of rising demand for BI solutions in nations such as Japan, India, and China, the Asia Pacific market expanded rapidly.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, with its further segmentation into major countries including the U.S., Canada, Mexico, France, UK, Germany, Russia, China, India, Japan, Australia, Brazil, Argentina, Saudi Arabia, and UAE. The report covers a detailed competitive outlook including company profiles of the key participants operating in the global dashboard software market. 

Key players profiled in this report are

• Adaptive Insights
• Cyfe, Inc.
• SAS Institute, Inc.
• Dundas Data Visualization, Inc.
• Phocas Ltd
• Sibia Analytics Pvt. Ltd
• Sage Group plc
• ISHIR, Inc.
• BOARD International
• Bitscape Infotech Pvt. Ltd.
• ClicData, and others.

The report segments the global dashboard software market as follows:

Global Dashboard Software Market: Deployment Segment Analysis

• Cloud
• On-Premise

Global Dashboard Software Market: Application Segment Analysis

• Business Intelligence
• Business Analytics

Global Dashboard Software Market: End-User Segment Analysis

• SME’s
• Large Enterprises

Global Dashboard Software Market: Vertical Segment Analysis

• BFSI
• Retail
• IT and Telecom
• Manufacturing
• Education
• Media and Entertainment
• Energy and Power
• Others (Transportation and Logistics, Hospitality)

Global Dashboard Software Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa