Press release
Data Analytics Outsourcing Market - Exponential Growth in Data Generation is Driving the Market
The global data analytics outsourcing market is expected to reach the value of US$ 20,681.1 Mn by 2026 on account of the exponential growth in data generation and lack of in-house capabilities of companies. The global data analytics outsourcing market is projected to expand at a CAGR of 29.4% during the forecast period, viz. from 2018 to 2026.Obtain Brochure For Latest Technology Advancements @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10421
The growth of the market can be ascribed to the rising demand for advanced data analytics services across industries and the high adoption of marketing analytics by companies in order to offer the best possible services to their clients.
Exponential growth in data generation has increased the need for advanced data analytics skills to leverage the same for business benefits. Enterprises are increasing profitability and improving their efficiency by using several business software systems such as customer relationship management (CRM), enterprise resource planning (ERP), and supply chain management (SCM).
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These systems have resulted in an exponential increase in data related to operations, customers, and suppliers. Increased pressure for regulatory compliance and greater transparency in sectors such as BFSI, healthcare, and IT & telecom are expected to increase the demand for data analytics.
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Inadequacy of in-house expertise has led to higher demand for third-party service, allowing the enterprises to make effective insight-driven business decisions, provide improved services to customers, and avoid losses and risks.
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