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Data Analytics Outsourcing Market Growth By Key Industry Players: Tata Consultancy Services, CITI Fractal Analytics, Cognizant Technology Solutions, ZS Associates, WIPRO, Opera Solutions, Mu Sigma, and Infosys.

09-21-2018 10:29 AM CET | IT, New Media & Software

Press release from: Global Market Insights Inc.

Global Market Insights

Global Market Insights

Market Overview: -

Data Analytics Outsourcing Market to grow at 30% CAGR from 2016 to 2023. It is estimated to be valued at over USD 6 billion by 2023. Swift expansion of exponential data is likely to drive industry growth. Demand across the BFSI sector is forecast to remain bullish with over 30% of the global data analytics outsourcing market share, primarily due to need for higher profitability as well as to minimize risk and costs. Financial institutes and banks have also adopted these services to offer customized solutions to clients. Predictive analytics market will grow faster than the global average in the coming years due to growing implementation across organizations.


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Top Key Players: -

Key participants accumulating substantial data analytics outsourcing market share include Tata Consultancy Services, CITI Fractal Analytics, Cognizant Technology Solutions, ZS Associates, WIPRO, Opera Solutions, Mu Sigma, and Infosys. Other prominent industry partners are Capgemini, American Express, Citigroup, eClerx Services, EXL Services Holding, Evalueserve, Genpact, CRISIL, WNS Holdings, and UBS.
Market share calculation in this report is not done based on companies covered in it. The calculation of Data Analytics Outsourcing Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

Asia Pacific data analytics outsourcing market is expected to be the most attractive region. Countries such as China, Philippines, and India are estimated to have major growth contribution. Revenue generation can also be dedicated to presence of mature BPO (business process outsourcing) environments.

Highly skilled labor, efficient technology infrastructure, and lower labor costs are also easily accessible in these regions. Additional benefits include IT services adjacency. North America is likely to experience considerable growth, form 2016 to 2023.

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This tool enhances the organization’s operational efficiency and thus facilitate in designing and providing better quality products to the wide consumer base across various industry sectors. It also assists in extracting actual information and also improves the decision-making process. Service providers focus on investing in mobile analytics which is projected to catalyze the data analytics outsourcing market. This is likely to offer substantial benefits to the vendors for moving up in the value chain as well as improving concentration on endowing better offerings over the industry from 2016 to 2023.

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Escalating use of mobile devices for numerous purposes such as tracking, GPS navigation, geo-targeted mobile advertising, toll collection, and remote personal car safety are predicted to propel the industry demand from 2016 to 2023.GPS navigation is executed by GPS tracking along with data analysis facility. These systems integrate operations, communication software tools, and works along with the GPS receiver that is located at the satellite’s other end to extract information.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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