Data Analytics Outsourcing Market Size: Opportunities, Current Trends and Industry Analysis by 2025 | Accenture PLC, Capgemini SE, Cognizant Technology Solutions Corp., Infosys Ltd, Tata Consultancy Services Ltd, Wipro Ltd, WNS Global Services Private Lim

According to the report, the data analytics outsourcing market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as IT & Telecom, Banking & Financial Services Insurance, Retail, Media & Entertainment, Energy & Utilities, Hospitality, Education, Healthcare, Manufacturing, Consumer Packaged Goods, others during the forecast period. Data analytics is essential for knowing customer choices and maximizing revenues. Companies use this tool to examine a huge amount of data through quantitative and qualitative techniques. Data analytics outsourcing denotes the outsourcing of data and statistical research. In addition, organizations utilize data analytics tool for various applications, including for improving customer services, decision making, efficiency, and lowering operating costs. Due to the widespread use of mobile phones, the popularity of social media, and the availability of multimedia content, organization are producing a large amount of data.

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A recent report published by QMI on data analytics outsourcing market is a detailed assessment of the most important market dynamics. After carrying out thorough research of data analytics outsourcing market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for data analytics outsourcing during the forecast period. It can enable manufacturers of data analytics outsourcing to change their production and marketing strategies in order to envisage maximum growth.

Most companies across the globe prefer using data analytics outsourcing tool to analyze large parts of data to gain important insights pertaining to customer and market demand. Thus, high investments in data analytics by companies to increase productivity is expected to fuel the growth of the market during the forecast period.

Growing awareness regarding the benefits of data analytics is the key market driver. However, privacy concerns of confidential data, data security issues, and shortage of skilled labors are hindering the growth of the data analytics outsourcing market.

Factors that will have a significant impact on the market growth are:

o High adoption of SaaS-based analytics
o The emergence of social analytics and rapid expansion of data
o Rising adoption of mobile devices

Insights about regional distribution of market:

The market has been segmented in major regions to understand the global development and demand patterns of this market.

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For data analytics outsourcing market, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific and Western Europe are expected to be major regions on the data analytics outsourcing market.

North America and Western Europe have been one of the key regions with technological advancements in ICT, electronics & semiconductor sector. Factors like the use of advanced technology and presence of global companies to cater the potential end users are favourable for the growth of data analytics outsourcing market. Also, most of the leading companies have headquarters in these regions.

Asia Pacific is estimated to be one of the fastest growing markets for data analytics outsourcing market. Major countries in the Asia Pacific region are China, Japan, South Korea, India and Australia. These economies in the APAC region are major contributors in the ICT, electronics & semiconductor sector. In addition to this, government initiatives to promote technological advancement in this region are also one of the key factors to the growth of data analytics outsourcing market. Middle East and rest of the World are estimated to be emerging regions for data analytics outsourcing market.

Companies Covered: Accenture PLC, Capgemini SE, Cognizant Technology Solutions Corp., Infosys Ltd, Fractal Analytics Inc., Opera Solutions, Tata Consultancy Services Ltd, Wipro Ltd, WNS Global Services Private Limited, and ZS Associates

Market Segmentation:

By Type:
o Descriptive
o Prescriptive
o Predictive

By Application:
o Sales Analytics
o Marketing Analytics
o Supply Chain Analytics
o Risk & Financial Analytics
o Others

By End-use Industry:
o IT & Telecom
o Banking & Financial Services Insurance
o Retail
o Media & Entertainment
o Energy & Utilities
o Hospitality
o Education
o Healthcare
o Manufacturing
o Consumer Packaged Goods
o Others

By Region:

North America
o By Country (US, Canada, Mexico)
o By Type
o By Application
o By End-use Industry

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By Application
o By End-use Industry

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Application
o By End-use Industry

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By Application
o By End-use Industry

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Type
o By Application
o By End-use Industry

Rest of the World
o By Region (South America, Africa)
o By Type
o By Application
o By End-use Industry

Reasons to Buy This Report:

o Market size estimation of the global data analytics outsourcing market on a regional and global basis
o The unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

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This release was published on openPR.