henry smith
by on April 17, 2024

The Data Analytics Outsourcing Market size was valued at USD 7.84 Billion in 2022 and is expected to grow to USD 81.40 Billion by 2030 and grow at a CAGR of 33.98% over the forecast period of 2023-2030.

The data analytics outsourcing market is experiencing unprecedented growth, driven by the exponential increase in data generation and the complexity of analyzing it. Companies are increasingly recognizing the value of outsourcing their data analytics needs to specialized firms, allowing them to focus on their core competencies while leveraging expert insights. This trend is particularly pronounced in industries such as finance, healthcare, and retail, where data-driven decision-making is paramount for success.

Moreover, the increasing adoption of cloud computing is reshaping the data analytics outsourcing landscape. Cloud-based analytics platforms offer scalability, flexibility, and cost-effectiveness, making them an attractive option for businesses of all sizes. Outsourcing firms can leverage these platforms to provide on-demand analytics services to their clients, eliminating the need for expensive infrastructure investments and reducing time-to-insight.

In addition to technological advancements, regulatory compliance requirements are driving companies to seek specialized expertise in data analytics outsourcing. With the implementation of regulations such as GDPR and HIPAA, businesses face increasing pressure to ensure the security and privacy of sensitive data. Outsourcing firms that specialize in data analytics not only have the technical capabilities to analyze large datasets but also possess the knowledge and experience to navigate complex regulatory landscapes, providing clients with peace of mind and regulatory compliance.

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Covid 19 impact analysis:

The latest report is the most recent study that offers 360° coverage of the Data Analytics Outsourcing  industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Data Analytics Outsourcing  market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.

Major companies profiled in the market report include

 Genpact Ltd., Capgemini, Accenture, International Business Machine Corporation., ZS Associates Inc., Trianz, Tata Consultancy Services Ltd., Fractal Analytics Inc., Opera Solutions, LLC, Associates, Inc.. 

Research objectives:

The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Data Analytics Outsourcing  market.

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It has segmented the global Data Analytics Outsourcing market 

By Type

  • Descriptive
  • Predictive
  • Prescriptive

By End-use

  • BFSI
  • Telecom
  • Retail
  • Healthcare
  • Media & Entertainment
  • Manufacturing
  • Others

By Application

  • Sales Analytics
  • Marketing Analytics
  • Finance & Risk Analytics
  • Supply Chain Analytics
  • Others

Key Objectives of the Global Data Analytics Outsourcing Market Report:

  • The report conducts a comparative assessment of the leading market players participating in the globalData Analytics Outsourcing
  • The report marks the notable developments that have recently taken place in the Data Analytics Outsourcing industry
  • It details on the strategic initiatives undertaken by the market competitors for business expansion.
  • It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of theData Analytics Outsourcing  market value chain.
  • The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market

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