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Data Analytics Outsourcing Market 2021 Business Scenario - Capgemini SE, Cognizant Technology Solutions Corp., Genpact Ltd.
The Data Analytics Outsourcing Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.The data analytics outsourcing market was valued at USD 3.04 billion in 2019, and it is expected to reach USD 9.46billion by 2025 at a CAGR of 21.5% during the forecast period (2020 - 2025).
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Top Leading Companies of Global Data Analytics Outsourcing Market are Capgemini SE, Cognizant Technology Solutions Corp., Genpact Ltd., IBM Corporation, Infosys Ltd, Mu Sigma Inc., Opera Solutions, LLC, Tata Consultancy Services Ltd, Wipro Ltd., WNS Global Services Private Limited, ZS and others.
Industry News and Updates:
- May 2019 - Infosys partnered with ABN AMRO in the Netherlands by acquiring 75% of the shareholding in their wholly owned end-to-end mortgage administration service provider Stater N. V. The specialized knowledge and experience of Stater in the mortgage services market, combined with the global reach, AI, digital transformation and automation capabilities of Infosys, can potentially create differentiated solutions for the market.
- March 2019 - IBM bagged USD 700-800 million outsourcing contract with Voda-Idea. This was done to leverage IBM's expertise in hybrid cloud, data analytics and AI capabilities and help deliver better customer experience.
Key Market Trends:
Retail Industry to Dominate the Market
- Online retail is responsible for generating maximum volume of data. According to the most recent Shopping Index of Salesforce, e-commerce grew 17% in the third quarter in 2018, globally.
- Moreover, in the US, the Census Bureau reported that online commerce represented 9.6% of total retail and around 87% of the US shoppers began their hunt in digital channels, up from 71% the prior year.
- Personalizing the shopping experience means customers purchase history to be analyzed so that the retailer can provide recommendations. Due to the increasing number of shoppers, the data analytics companies are introducing new tools to ease the retailer's pain of handling large number of customers.
- Kroger and Microsoft announced a collaboration in January 2019 to redefine the customer experience using Kroger Technology products powered by Microsoft Azure, the retailer’s preferred cloud platform for Retail as a Service (RaaS).
Asia-Pacific to Significantly Drive the Market Growth
- Due to population growth and a rise in e-commerce, Asia-Pacific is experiencing a surge in data generated from digital products and services.
- An emerging economy like India, which is facing increasing participation from foreign and private players, is predicted to generate revenue worth USD 60 billion in retail by 2020, according to IBEF. This increased revenue and demand for retail sales will generate more data requiring efficient managed services.
- New sources of data from log files, transaction information, sensor data social media metrics, present new opportunities for retail organizations to achieve competitive advantage in this region.
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Highlights of the Data Analytics Outsourcing Market Report:
– Detailed overview of Data Analytics Outsourcing Market
– Changing the Data Analytics Outsourcing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current and projected Data Analytics Outsourcing market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Data Analytics Outsourcing Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2015 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Data Analytics Outsourcing Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Data Analytics Outsourcing industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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