Data Analytics Outsourcing Market, Research report offers detailed analysis of the Data Analytics Outsourcing industry during 2022-2027, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns.
The “Data Analytics Outsourcing Market” expected to grow considerably in the forecast period 2022- 2027. The Research report sheds light on Leading Players details with best facts and figures, meaning, definition, SWOT analysis, expert opinions and growth of Data Analytics Outsourcing industry in upcoming years. Leading companies of Data Analytics Outsourcing Market are: Accenture PLC, Capgemini SE, Cognizant Technology Solutions Corp., Fractal Analytics Inc., … The report provides key statistics on the market status of the leading Data Analytics Outsourcing market Trends, share and opportunities in the market.
The data analytics outsourcing market was valued at USD 1.90 billion in 2017, and is expected to reach USD 6.07 billion by 2027 at a CAGR of 21.35% during the forecast period of 2021 – 2027. The data analytics outsourcing market has been segmented based on type into business analytics, CRM analytics, supply chain analytics, risk analytics, location analytics, financial analytics, and web analytics. The end-user industries are limited to aviation, agriculture, automotive, manufacturing and retail, BFSI, healthcare, and telecom. The regional landscape of the report includes North America, Europe, Asia-Pacific, and Rest of the World.
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Company Coverage: –
– Accenture PLC
– Capgemini SE
– Cognizant Technology Solutions Corp.
– Fractal Analytics Inc.
– Genpact Ltd
– IBM Corporation
– Infosys Ltd
– Mu Sigma Inc.
– Opera Solutions
– Tata Consultancy Services Ltd
– Wipro Ltd
– WNS Global Services Private Limited
– ZS Associates
Market Players Competitor Analysis:
High Growth Rate of Data is Driving the Market
The number of smartphones has been increasing for the past 5-6 years; this means that a huge amount of data in the form of text and voice data is generated, which presents a massive opportunity for the telecom industry to generate insights from it. Not only has the number of smartphones increased but the time an individual spends on it has also increased. In the US, a smartphone user on an average spends 4.7 hours on his phone; this could help in the analysis to generate personalized content. Such huge volume of data and outsourcing data to third parties has a great return on investment and the analysis of such data is useful for developing business, thus driving the data analytics outsourcing market during the forecast period.
Retail Has a Major Market Share
Smartphone growth is also contributing to the increase in e-commerce, which is driving the analytics industry. Increase in e-commerce sales and companies has been significant and is expected to increase even more. With many companies coming up, the competitive landscape is driving the companies to acquire analytics for competitive advantage. The primary benefactors are marketing analytics companies, as e-commerce companies are trying to acquire as many customers as possible by providing customized solutions/ products.
Asia Pacific Occupies a Major Share amongst Other Regions
India comes out as the leader with about 70% of the market, as retail and manufacturing are the majorly outsourced end-user verticals due to exhaustive use of marketing analytics. Most of the revenue is being generated from North America.
Key Recent Developments
• December 2017: Accenture has signed consulting and outsourcing agreements with Shionogi and Co., Ltd and its subsidiary company, Shionogi Digital Science Co., Ltd to help Shionogi with its digital transformation initiative.
As part of the agreement, Accenture will help Shionogi develop the IT strategy and roadmap for its digital transformation initiative as the company accelerates its investments in cyber security, cloud, and other digital technologies, which Accenture refers to as “New IT.” Also, Accenture will help Shionogi enhance the digital talent and capabilities of its IT division through a knowledge-transfer program and help Shionogi accelerate the digitalization of its business and enhance its data utilization capabilities.
Major Players – ACCENTURE, CAPGEMINI, FRACTAL ANALYTICS, TCS, WIPRO, ZS (ZS ASSOCIATES), COGNIZANT, EVALUESERVE, EXL SERVICE (EXL), GENPACT, GRAMENER, HPE, IBM, INFOSYS, LATENT VIEW (LATENT VIEW ANALYTICS), AND WNS GLOBAL, amongst others.
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Reasons to Purchase this Report:
- To examine the increased usage of Data Analytics Outsourcing in Industry that affect the global market scenario
- Analyze various perspectives of the market with the help of Porter’s five forces analysis
- To know the modality and application that are expected to dominate the market
- To know the regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by major market players
Customization of the Report:
- This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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Regional Analysis: –
– North America
– South America
Some Major Points from TOC: –
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Factors Driving the Market
4.2.1 Decrease in Cost of Data Storage Solutions
4.2.2 Popularity of Internet of Things
4.2.3 Increase in Investments in Social Anlytics and Real-time Analytics
4.2.4 Use of Data Analytics Service Leading to Cost Reduction and Efficiency
4.3 Factors Restraining the Market
4.3.1 Data Security Issues
4.3.2 Limited Availability of Skilled Workforce
4.4 Industry Attractiveness – Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products or Services
4.4.5 Competitive Rivalry among Existing Competitors
5. Global Data Analytics Outsourcing Market Segmentation
5.1 By Type
5.2 By Application
5.2.1 Sales Analytics
5.2.2 Marketing Analytics
5.2.3 Supply Chain Analytics
5.2.4 Risk and Financial Analytics
5.3 By End User
5.3.5 Media and Entertainment
5.4 By Region
5.4.1 North America
22.214.171.124 Rest of Europe
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
5.4.4 Latin America
184.108.40.206 Rest of Latin America
5.4.5 Middle East and Africa
220.127.116.11 Saudi Arabia
18.104.22.168 South Africa
22.214.171.124 United Arab Emirates
126.96.36.199 Rest of Middle East and Africa
6. Competitive Intelligence – Company Profiles
6.1 Accenture PLC
6.2 Capgemini SE
6.3 Cognizant Technology Solutions Corp.
6.4 Fractal Analytics Inc.
6.5 Genpact Ltd
6.7 IBM Corporation
6.8 Infosys Ltd
6.9 Mu Sigma Inc.
6.10 Opera Solutions, LLC
6.11 Tata Consultancy Services Ltd
6.12 Wipro Ltd
6.13 WNS Global Services Private Limited
6.14 ZS Associates, Inc.
*List not Exhaustive
7. Investment Analysis
8. Outlook of Data Analytics Outsourcing Market
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