Press release
Data Analytics Outsourcing Market Share, Size, Demand, Key Players by Forecast 2032
Data Analytics Outsourcing Market
Data analytics outsourcing is a type of partnership where a business gives a service provider access to its data in exchange for intelligent reporting. In addition, the provider handles data administration and analysis as well as infrastructure setup and support.
Predictive analytics accounted for the majority of the global market share for data analytics outsourcing in 2020, and it is anticipated that this trend will continue in the years to come as more businesses adopt analytics tools to analyse both structured and unstructured data, enabling them to make better decisions and expanding the market for descriptive analytics.
The growth of e-commerce also presents a business potential for descriptive data analysis. Prescriptive analytics simulates several methods to numerous outcomes using a combination of machine learning, business rules, artificial intelligence, and algorithms after using comparable modelling structures to forecast results. Global industrial growth is predicted to increase due to the increased usage of linked devices like robots, sensors, and smartphones. to accelerate the market for outsourcing data analytics. Enterprises are evolving from production facilities to smart organisations as a result of the adoption of analytics across numerous industrial verticals.
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Due to the widespread use of cutting-edge digital technologies by sophisticated users and their developed information technology (IT) infrastructure, North American countries are anticipated to lead the global market for data analytics outsourcing in terms of revenue. This expansion can be attributed to the field's end users' increasing adoption of cutting-edge digital technologies, which generates vast amounts of data. Additionally, it is anticipated that the region's demand for data analytics outsourcing will increase due to the rising volumes of data coming from various departments, including production, procurement, sales & marketing, and human resources.
The study focuses on the potential, challenges, and growth prospects for the market for outsourcing data analytics. In order to understand the effects of various factors, including bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers, on the trends in the data analytics outsourcing market, the study provides Porter's five forces analysis of the sector.
Segmentation:
By Type
• Descriptive
• Predictive
• Prescriptive
By Industry Vertical
• BFSI
• Telecom
• Retail
• Healthcare
• Media & Entertainment
• Others
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Geography:
The data analytics outsourcing market is a global market, with service providers operating in various regions around the world. However, North America is currently the largest market for data analytics outsourcing, due to the high adoption rate of advanced technologies and the presence of a large number of established service providers in the region. Europe is also a significant market, with countries such as the UK, Germany, and France driving growth in the region. The Asia-Pacific region is expected to see significant growth in the coming years, due to the increasing adoption of digital technologies and the growing need for data analytics services in emerging markets such as India and China.
Company Profiles:
• IBM Corporation
• Cognizant Technology Solutions Corporation
• Capgemini SE
• Wipro Limited
• Infosys Limited
• Tata Consultancy Services Limited
• HCL Technologies Limited
• Genpact Limited
• DXC Technology Company
• Fractal Analytics Inc.
• Mu Sigma Inc.
• EXL Service Holdings, Inc.
• NTT Data Corporation
• ZS Associates, Inc.
Key Benefits For Stakeholders
The study provides an in-depth analysis of the data analytics outsourcing market along with current trends and future estimations to explain imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on the data analytics outsourcing market size is provided in the report.
Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the data analytics outsourcing market for the period 2021-2028 is provided to determine the market potential.
Key Reasons to Purchase:
Here are some key reasons to purchase a report on the data analytics outsourcing market:
‣ Comprehensive analysis: A report on the data analytics outsourcing market provides a comprehensive analysis of the market, including market size, growth rate, and key trends and drivers.
‣ Industry insights: The report provides insights into the data analytics outsourcing industry, including the competitive landscape, key players, and market share analysis.
‣ Market segmentation: The report provides market segmentation based on type, application, and geography, which can help businesses identify opportunities and make informed decisions.
‣ Future outlook: The report provides a forecast for the data analytics outsourcing market, which can help businesses plan for the future and identify growth opportunities.
‣ Strategic planning: The report can help businesses develop a strategic plan for entering or expanding their presence in the data analytics outsourcing market.
‣ Investment decisions: The report can help investors make informed decisions about investing in the data analytics outsourcing market.
Overall, a report on the data analytics outsourcing market can provide valuable insights and information to businesses and investors looking to enter or expand their presence in this market.
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Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
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