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.
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.
Key Factors Impacting Market Growth:
- High adoption of SaaS-based analytics
- The emergence of social analytics and rapid expansion of data
- Rising adoption of mobile devices
Regional Outlook:
By region, the data analytics outsourcing market is estimated to be dominated by North America, Western Europe, and Asia Pacific during the forecast period. With technological advancements and cluster of global companies operating in these regions, these regions hold key to the growth and development of data analytics outsourcing market during the forecast period. Most of the leading companies have operations in these regions to cater the potential end users in the respective region.
The North America data analytics outsourcing market is further segmented by US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe. Asia Pacific region is segmented by China, Japan, South Korea, India and Australia. Middle East and Eastern Europe are estimated to be potential markets with growing demand during the forecast period. Major countries in these regions include Russia, UAE, Saudi Arabia, Israel, and others.
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:
- Descriptive
- Prescriptive
- Predictive
By Application:
- Sales Analytics
- Marketing Analytics
- Supply Chain Analytics
- Risk & Financial Analytics
- Others
By End-use Industry:
- IT & Telecom
- Banking & Financial Services Insurance
- Retail
- Media & Entertainment
- Energy & Utilities
- Hospitality
- Education
- Healthcare
- Manufacturing
- Consumer Packaged Goods
- Others
By Region:
- North America
- By Country (US, Canada, Mexico)
- By Type
- By Application
- By End-use Industry
- Western Europe
- By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
- By Type
- By Application
- By End-use Industry
- Eastern Europe
- By Country (Russia, Turkey, Rest of Eastern Europe)
- By Type
- By Application
- By End-use Industry
- Asia Pacific
- By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
- By Type
- By Application
- By End-use Industry
- Middle East
- By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
- By Type
- By Application
- By End-use Industry
- Rest of the World
- By Region (South America, Africa)
- By Type
- By Application
- By End-use Industry
Reasons to Buy This Report:
- Market size estimation of the global data analytics outsourcing market on a regional and global basis
- The unique research design for market size estimation and forecast
- Profiling of major companies operating in the market with key developments
- 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:
- By Segment
- By Sub-segment
- By Region/Country
For more information, contact: sales@quincemarketinsights.com