Dashboard Software Market Report 2024

This Dashboard Software market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The dashboard software market size has grown rapidly in recent years. It will grow from $5.25 billion in 2023 to $6.0 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The expansion during the historic period is due to the growing demand for data visualization, the increased adoption of cloud-based solutions, the rise in big data analytics, the surge in mobile device usage, and advancements in automation.

The dashboard software market size is expected to see rapid growth in the next few years. It will grow to $10.29 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The anticipated growth during the forecast period is driven by the increasing need for mobile-compatible dashboards, a greater focus on data-driven decision-making, an emphasis on operational efficiency, the rising prevalence of remote work, and heightened investment in digital transformation initiatives. Key trends during this period include technological advancements, integration with artificial intelligence, cloud-based solutions, mobile dashboards, and the Internet of Things.

The growing adoption of cloud-based solutions is projected to drive the expansion of the dashboard software market. Cloud-based solutions are services, applications, or resources accessed over the internet rather than hosted on local servers or devices. The rise in cloud-based solutions is attributed to benefits such as cost efficiency, scalability, security, performance, and reliability. Dashboard software complements cloud-based solutions by offering real-time data access, scalability, and flexibility, facilitating centralized, secure, and easily accessible visualizations from any device. For example, Eurostat reported in December 2023 that about 45.2% of EU enterprises utilized cloud computing services in 2023, primarily for email hosting, file storage, and various operational tasks. This represents a significant increase of 4.2 percentage points from 2021. In 2023, the most commonly used cloud computing services were email services (82.7%), followed by file storage (68%), and office software (66.3%). As a result, the growing adoption of cloud-based solutions is fueling the growth of the dashboard software market.

Key players in the dashboard software market are focusing on developing advanced products, such as interactive dashboards, to facilitate data analysis. Interactive dashboards are visual tools designed for data analysis, reporting, and decision-making. For instance, in April 2023, Inntopia, a US-based software development firm, launched Destination Explorer, a comprehensive dashboard software tailored for destination marketing organizations (DMOs), convention and visitor bureaus (CVBs), and lodging suppliers. This tool offers an intuitive platform for analyzing both future occupancy data and historical performance. With advanced insights and customizable filters, users can evaluate how factors such as economic conditions, reservations, weather, consumer confidence, holidays, school breaks, and special events affect guest booking behavior. This detailed analysis aids property managers in making data-driven decisions regarding pricing, staffing, and added-value incentives.

In January 2024, Lightcast, a US-based provider of labor market data, acquired eIMPACT for an undisclosed amount. This acquisition enables Lightcast to offer an extensive range of services, from raw job data to customized web visualizations, helping companies and regions address complex challenges in talent development and acquisition. eIMPACT specializes in data visualization dashboards.

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.

North America was the largest region in the dashboard software market in 2023. 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.

The countries covered in the dashboard software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Dashboard software is a tool that provides visual representations of key metrics and data through interactive and customizable dashboards. These dashboards integrate information from multiple sources into a unified interface, enabling users to track performance, monitor progress, and make data-driven decisions efficiently. It allows users to quickly understand complex information and make well-informed decisions based on current data.

Dashboard software is available in both on-premises and cloud-based formats. On-premises software is installed and operated within a company's own infrastructure, as opposed to being hosted in the cloud. It caters to both small and medium-sized enterprises (SMEs) as well as large corporations, offering features such as business intelligence (BI) dashboards, operational dashboards, executive dashboards, and departmental dashboards. It is utilized across various sectors, including healthcare, retail, telecommunications, IT, banking, financial services, insurance (BFSI), manufacturing, government, and defense.

The dashboard software market research report is one of a series of new reports that provides dashboard software market statistics, including dashboard software industry global market size, regional shares, competitors with a dashboard software market share, detailed dashboard software market segments, market trends and opportunities, and any further data you may need to thrive in the dashboard software industry. This dashboard software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The dashboard software market includes revenues earned by entities by providing services such as integration services, consulting services, support and maintenance, data analysis and reporting, performance monitoring, and migration services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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