Data Analytics Outsourcing Market Trend Analysis by Top Key Players Tata Consultancy Services Ltd., ZS Associates, Inc., WIPRO Ltd., Genpact Ltd., Accenture

The report evaluates the figures of the global Data Analytics Outsourcing market and offers consistent forecasts as to the market’s growth prospects in the forthcoming period. The historical development trail of the global Data Analytics Outsourcing market up to 2018 is scrutinized in the report, lending accurate support to the analysis and estimations presented in the report.

Data analytics outsourcing denotes outsourcing of data and statistical research, in addition to applying computational resources for effective decision-making and advanced business solutions to third party vendors. Data analytics tools enable organizations to make better decisions, increase efficiency, reduce operational costs, provide customized offerings and enhance customer services.

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Several companies prefer using data analytics to analyze large amount of data through various quantitative and qualitative techniques to gain market and customer insights. There has been a significant increase in the data generated by organizations, owing to greater adoption of mobile devices, social media, and growing development of multimedia content.

The Leading Key Players in this market include: Tata Consultancy Services Ltd., ZS Associates, Inc., WIPRO Ltd., Genpact Ltd., Accenture and Capgemini

Aggrandized data generation by organizations across various sectors and decreasing cost of data storage solutions have fostered the growing need for taking successful business decisions based on market analysis and insights.
Most of the organizations are increasingly recognizing the benefits and profitability of applying data analytics, however, lack of in-house skilled resources and expertise is driving them towards outsourcing data analytics.

The data analytics outsourcing market is in its nascent stage and is expected to grow rapidly during the forecast period, owing to the growing awareness about advantages and increased productivity obtained from data analytics outsourcing. However, privacy concerns of confidential data and data security issues restrict the growth of the data analytics outsourcing market. However, increasing investment in social analytics and real-time analytics has provided ample growth opportunities to the market players.

Market by Type
• Descriptive
• Predictive
• Prescriptive

Market by Application
• Sales Analytics
• Marketing Analytics
• Risk & Financial Analytics
• Supply Chain Analytics
• Others

Market by Vertical
• BFSI
• Telecom
• Retail
• Healthcare
• Media & Entertainment
• Others

Market by Geography
• North America
• Europe
• APAC
• LAMEA

The world data analytics outsourcing market is segmented on the basis of type, application, vertical, and geography. Based on the type of data analytics outsourcing, the market is segmented into predictive, descriptive, and prescriptive. The application segment is categorized into sales analytics, marketing analytics, risk & finance analytics, supply chain analytics, and others. Data analytics outsourcing is implemented across domains, such as BFSI, telecom, retail, healthcare, media & entertainment, and others.

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KEY BENEFITS
• This report provides an in-depth analysis of data analytics outsourcing market with current and future trends to elucidate the imminent investment pockets in the market
• Current and future trends have been outlined to determine the overall attractiveness and single out profitable trends to gain a stronger foothold in the market
• The report provides information regarding key drivers, restraints and opportunities along with impact analysis
• Quantitative analysis of the current market and estimations during the period of 2015‐2020 have been provided to showcase the financial appetency of the market
• Porter’s Five Forces Model and SWOT analysis of the industry illustrate the potency of the buyers and suppliers participating in the market
• Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.

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