Market Overview:

The Dashboard Software Market Size Is Expected To Grow At USD 270 Billion By 2022, And USD 613.31 Billion By 2030, Growing At An Annual Compound Growth Rate (CAGR) Of 10.8% From 2022-2030.

A dashboard is an interface on a computer that lets users see and change the status of different parts or systems on the network. Dashboard software usually shows data as graphs, which makes it easy for users to spot problems and possible solutions. Dashboard software sends out alerts when certain conditions are met, so that users can fix things before they get worse.

The dashboard software market is made up of companies that make and sell software for making and managing dashboards. Dashboards are visual representations of data that show key performance indicators (KPIs), metrics, and other relevant data in a way that is easy to understand.

Dashboard software lets organizations collect, analyze, and display data from many different sources, which helps decision-makers learn more and make better choices. These software tools usually have options for customization, interactive features, and real-time updates that let users make the dashboards fit their needs and preferences.

Market Dynamics:

Market Trends:

• Integration with AI and Machine Learning

As artificial intelligence (AI) and machine learning (ML) technologies keep getting better, dashboard software is adding these features to give smarter and more accurate insights. Dashboard tools are getting AI-powered features like natural language processing, automated data analysis, and anomaly detection, which allow users to learn more from their data.

• Mobile and Responsive Dashboards

As more people use smartphones and tablets, there is a growing need for dashboard solutions that work well on these devices. Vendors are focusing on making responsive dashboard software that can automatically adjust to different screen sizes and resolutions. This will let users access and interact with their dashboards on mobile devices. For monitoring data on the go, mobile apps and browser-based solutions are becoming more and more popular.

Driving Factors:

• Discounts on Insurance Premiums for Vehicles with Dashboard Cameras 

The insurance industry for cars is moving toward models that are based on how people drive. But telematics systems can't record accidents very well. To fix this, dashboard cameras are put in cars to keep an eye on how people drive and record accidents. When a car has a dashboard camera, it can get a discount on its insurance premiums. For example, Axa SA (AXA) and insurance companies in South Korea offer discounts of 3%–10%. The growth of the global automotive dashboard camera market is driven by the fact that these benefits apply to both traditional insurance models and use-based insurance models.

• Rising Demand for Data Visualization and Creation

The global dashboard software market is growing because more people want to see data and make their own dashboards. Visualization tools are making it easier for organizations to present and understand large amounts of data. Because of this, there is a need for dashboard software. The growth of the global dashboard software market is driven by the need for more real-time data updates to run a business well. Dashboard software gives you insights into your data that can be used to respond to the constantly changing market. Business systems like customer relationship management (CRM) and enterprise resource planning (ERP) are becoming more popular and are being combined with dashboard software to give a full picture of how a business is running.

Restraints/Challenges:

• The Inconsistent Quality of Automotive Dashboard Cameras 

Automotive dashboard cameras are available in different types, including single-channel, dual-channel, dual-channel IR, and 3-channel. People like multi-channel dashboard cameras because they can record video from more than one direction. People who want to use dashboard cameras for insurance claims or to keep their parked cars safe prefer multi-channel cameras. This has made single-channel cameras less good. The fact that people aren't using single-channel cameras as much is slowing down their design and technological progress. The wide range of prices for dashboard cameras and the lack of rules about them lead to the sale of cheap, low-quality cameras, which makes customers who care about price unhappy. Inconsistent camera quality will be a problem for the market over the next few years.

• Data Integration Challenges

Integrating data from different sources can be hard and take a lot of time. Inconsistent data formats, bad data quality, and problems with how different data systems work together can make it hard to integrate data into dashboard software in a smooth way. Organizations may have trouble putting together data from different sources and making sure it is correct and consistent across dashboards.

• Complexity in Dashboard Design

It can be hard to make dashboards that work well, look good, and give you useful information. Dashboards with confusing layouts, confusing graphics, or irrelevant information can make it harder for users to adopt and use them. Dashboards that are easy to use and adapt to different users' needs and preferences take careful planning and design skills to make.

Opportunities:

• Increasing Demand for Data-Driven Decision-Making

Organizations in all fields are realizing how important it is to make decisions based on data. As the need for actionable insights and real-time data monitoring grows, dashboard software vendors have more chances to offer advanced analytics and customizable dashboards that help users make decisions based on accurate and up-to-date information.

• Advanced Visualization Techniques

The number of people who want more advanced and interactive ways to look at data is growing. Dashboard software can take advantage of opportunities in this area by using cutting-edge visualization techniques like augmented reality (AR), virtual reality (VR), and 3D visualizations. These technologies can make it easier to explore data and tell stories, giving users the chance to learn more and better explain what they've learned.

• Integration and Embedding in Business Applications

As cloud computing and mobile devices become more popular, dashboard software companies can offer solutions that work well on the cloud and on mobile devices. Cloud-based deployments make dashboards scalable, flexible, and easy to access from anywhere. Mobile apps and responsive design make it possible for users to access and interact with their dashboards while on the go.

Strategic Development:

• In 2021 - Microsoft showed off new features for its Power BI dashboard software, like better integration with Microsoft Teams and better data modeling and analytics.
• In 2020 - Tableau, which is now owned by Salesforce, released Tableau Prep Builder. This is an integrated data preparation utility that improves Tableau's dashboard software by making it easier to clean and change data.
• In 2020 - Blendrio will be bought by Qlik. Qlik is now a part of Thoma Bravo. This platform lets users connect and automate workflows between applications and data sources so that Qlik can do more with data integration and analytics.
• In 2019 - Sisense raised $80 million to grow its dashboard software platform, improve it, and make it more widely known around the world.
• In 2018 - IBM released its Cognos Analytics platform, which includes dashboard software, advanced analytics features, and data visualization features that are powered by AI.
• In 2018 - Google Data Studio is a free dashboard software platform that the search giant released. It makes it easy for users to create and share data visualizations using data from Google Analytics, Sheets, and BigQuery, among other places.

Key Vendors:

Top market players are

• Adaptive Insights (Workday Company)

A new kind of business planning is being powered by Workday Adaptive Planning. Workday Adaptive Planning makes it easier for people in companies to work together, gain insights, and make better decisions faster. This is important in a world where things change quickly.

• Board International

BOARD International is a company that makes a toolkit for building corporate performance management and business intelligence apps without the need for programming. It offers BOARD, a solution for the support, control, and management of different processes, such as reporting and analysis, budgeting, planning, forecasting, profitability modeling and optimization, simulation and what-if analysis, score carding, financial consolidation, statutory and financial reporting, monitoring and auditing.

• ClicData

ClicData is a private company that has been in business for 15 years. At the moment, the company focuses on software for computers, software for the Internet, and business intelligence (BI). Telmo Silva is in charge of the company as CEO.

• Cyfe Inc.

Cyfe is all-in-one dashboard software that lets you track and analyze data from all your online services, such as Google Analytics, Salesforce, AdSense, MailChimp, Amazon, Facebook, WordPress, Zendesk, Twitter, and more, from one place and in real time.

• Dom Inc.

DOM Company Ltd designs, makes, and processes mobile phone molds made of metal and plastic. The company makes front upper and front lower parts, as well as molds for batteries.

• Dundas Data Visualization Inc.

Dundas BITM is a flexible, all-in-one business intelligence (BI) and data analytics platform made by Dundas Data Visualization. It integrates easily with your existing systems and applications and lets you easily access, analyze, and visualize any data on any device to get deeper, faster insights for your business and your customers.

• iDashboards (iViz Group Inc.)

iViz Group, Inc. makes software solutions for enterprise dashboards. The company sells products that give users access to and insight into key performance indicators, metrics, and critical data.

• InetSoft Technology Corp.

Inetsoft Technology Corp. makes applications for computers. The company offers finance reporting, human resources, marketing dashboards, sales dashboards, supply chain dashboards, project management dashboards, and enterprise asset management. Inetsoft Technology has customers in the U.S.

• Klipfolio Inc.

Klipfolio, Inc. makes dashboard solutions for the Web and mobile devices. The company has a real-time business platform that lets business users combine data from different sources into a single dashboard to keep an eye on how their business is doing. Klipfolio sells its products and services to the healthcare, financial services, consumer packaged goods, non-profit, manufacturing, and government sectors.

• Phocas Ltd

In 2001, Phocas Ltd. began. The company offers services and advice related to computers as part of its business.

Segmentation Analysis:

The market is segmented on the basis of deployment, organization size, functionality, industry vertical and region.

By Deployment Outlook:

Dashboard software is installed and used on the organization's own servers or infrastructure. Dashboard software is hosted on the internet and is usually accessed through a subscription model (Software-as-a-Service or SaaS).

• On-Premises
• Cloud-based

By Organization Outlook:

Dashboard software made for small and medium-sized businesses, with features and pricing plans that are often easier to understand. Dashboard software made to meet the needs of large organizations with complex data needs and many users.

• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

By Functionality:

Business Intelligence (BI) Dashboards: Dashboard software that focuses on giving complete business intelligence insights, such as the ability to visualize data, report on it, and analyze it on the fly. Operational dashboards are software that lets you monitor and track operational performance in real time. They are often used to keep an eye on key performance indicators (KPIs) and other operational metrics. Executive dashboards are dashboards that are made for making decisions at the executive level. They provide high-level summaries, strategic insights, and important business metrics. Departmental dashboards are dashboards that are made for specific departments, like sales, marketing, finance, or human resources, within an organization. These dashboards show metrics that are important to those departments' jobs.

• Business Intelligence (BI) Dashboards
• Operational dashboards
• Business Intelligence (BI) Dashboards
• Executive dashboards
• Departmental dashboards

By Industry Vertical:

Dashboard software that is made to meet the specific needs of healthcare organizations for data visualization, such as monitoring patients, improving clinical performance, and making the best use of resources. Financial institutions can use dashboard software that has features for financial reporting, budgeting, risk management, and financial analysis. Dashboard software focused on marketing metrics and analytics, such as campaign performance, customer acquisition, and social media engagement. Manufacturing: Dashboard software for manufacturing operations that shows how well production is going, how well the supply chain is being managed, and how well quality control is going. Dashboard software was made especially for retail analytics. It looked at things like sales performance, inventory management, and how customers behave.

• Healthcare
• Finance
• Marketing
• Manufacturing
• Retail

Regional Insights:

People are becoming more aware of how important it is to eat healthy foods, so North America will have the biggest share of the market.

People in North America are becoming more concerned about their health and the amount of protein they get every day, so the demand for whey protein powders is likely to go up. Protein powders are easy to use and make it easy to make protein shakes or mix them with other foods to suit different tastes and preferences. This is likely to make more people want to buy the product.

The Europe market is likely to grow slowly over the next few years. This is because of a number of things, such as a growing focus on healthy living, a growing trend toward preventive health care, and a growing demand for protein supplements in the U.K., Germany, and France. In the next few years, the market should benefit from the growing use of protein products in both synthetic and natural personal care products. Also, as the number of food processing businesses in the country has grown, a lot of animal proteins, especially whey proteins, have been brought in from other countries. The trend is likely to keep going during the planned time.

Asia-Pacific is expected to grow the fastest because exports and domestic demand for dairy-based protein ingredients like casein and whey are going up. In developing countries like Australia and India, skin problems are becoming more of a concern because there are more older people and the weather is always changing. This is likely to increase the demand for personal care products and help the market grow over the next few years.

The growing personal care industry in Central and South America is likely to force FMCG companies to make more products. Because more personal care products are being made in Central and South America, the protein market is likely to grow over the next few years.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Scope of Report:

Conclusion:

• In the Global Dashboard Software Market Report, a whole section is devoted to market dynamics, which include factors that affect the market, drivers of the market, challenges, opportunities, and trends.
• Another large part of the research study is devoted to a regional analysis of the Global Dashboard Software market. This is where important regions and countries are analyzed for their growth potential, consumption, market share, and other important factors that show how their markets are growing.
• Players can use the competitive analysis in the report to come up with new strategies or improve the ones they already have. This will help them overcome market challenges and increase their share of the Global Dashboard Software market.