Data Analytics Outsourcing Market: A Booming Market | Fractal Analytics Ltd, Opera Solutions LLC, ZS Associates, Inc.

July 08 18:50 2021
Data Analytics Outsourcing Market: A Booming Market | Fractal Analytics Ltd, Opera Solutions LLC, ZS Associates, Inc.

Data Analytics Outsourcing Market
The global data analytics outsourcing market was valued at $5.9 billion in 2020, and is projected to reach $60.34 billion by 2028, registering a CAGR of 34.0% from 2021 to 2028.

Data Analytics Outsourcing Market By Type (Descriptive, Predictive, and Prescriptive), Application (Sales Analytics, Marketing Analytics, Risk & Financial Analytics, Supply Chain Analytics, and Others), and Industry Vertical (BFSI, Telecom, Retail, Healthcare, Media & Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2028  , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Data Analytics Outsourcing market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Data Analytics Outsourcing market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis

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 “Data Analytics Outsourcing Market by Type, Application and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2028,”

The global data analytics outsourcing market was valued at $5.9 billion in 2020, and is projected to reach $60.34 billion by 2028, registering a CAGR of 34.0% from 2021 to 2028.

Data analytics outsourcing is a cooperation model under which a company entrusts a service provider with its data and gets access to insightful reporting. At the same time, the provider takes care of everything else such as infrastructure setup & support, data management, and data analysis.

Outsourcing data analytics to expert service providers helps one enhance data processing accuracy, improve related workflows, and get better insights that aid informed decision-making. Besides, companies specialized in data analytics outsourcing use the latest tools & technologies and update them continually to ensure the best results for their clients.

 

In 2020, the global data analytics outsourcing market share was dominated by the predictive analytics, and is expected to maintain its dominance in the coming years as enterprises are adopting analytics techniques to analyze structured and unstructured data, which enables them to make better decisions, thereby creating more opportunities for descriptive analytics in the coming years. At the same time, the development of e-commerce is also an opportunity for the descriptive data analysis market.

Prescriptive analytics uses similar modeling structures to predict results and then uses a combination of machine learning, business rules, artificial intelligence, and algorithms to simulate different approaches to multiple outcomes. The increase in adoption of connected devices, such as robots, sensors, and smart phones, is boosting industrial growth across the globe, which is expected to boost the growth of the data analytics outsourcing market. The adoption of analytics among various industry verticals is transforming enterprises from production facilities to smart organizations.

The current estimation of 2028 for the data analytics outsourcing market is projected to be higher than pre-COVID-19 estimates. The COVID-19 pandemic has bought a colossal positive impact on the global data analytics outsourcing market, wherein the data analytics outsourcing market is expected to grow post the COVID-19 pandemic. This is attributed to the fact that with the COVID-19 pandemic on the rise, policymakers, government agencies, and various other institutions across the world relied upon AI systems, Big Data analytics, and data analysis software to forecast and monitor the virus’s spread in real time as well as classify COVID-19-fighting drugs. Additionally, many businesses had to switch to remote working and work from home modes during the COVID-19 pandemic.

 

Key Findings Of The Study

By type, in 2020, the predictive segment is estimated to be the major data analytics outsourcing market shareholder. However, prescriptive segment is expected to witness the highest growth rate during the forecast period.

On the basis of application, the sales analytics segment accounted for the highest revenue in 2020. However, the other segment that comprises digital advertisement, anomaly detection, and safety enhancement is expected to witness the highest growth rate during the forecast period.

On the basis of industry vertical, the BFSI sector accounted for the highest revenue in 2020. However, the healthcare segment is expected to witness the highest growth rate during the forecast period.

Region-wise, the data analytics outsourcing market was dominated by North America. However, Asia-Pacific is expected to witness significant growth in the coming years.

Some of the key companies mentioned in the report are Fractal Analytics Ltd, Opera Solutions LLC, ZS Associates, Inc., Tata Consultancy Services Ltd., Wipro Ltd., Genpact Ltd., Accenture, Capgemini, IBM Corporation, and Mu Sigma, Inc.

Key Segments Studied in the Global Data Analytics Outsourcing Market: Report Coverage

Professional Key players:  Some of the key companies mentioned in the report are Fractal Analytics Ltd, Opera Solutions LLC, ZS Associates, Inc., Tata Consultancy Services Ltd., Wipro Ltd., Genpact Ltd., Accenture, Capgemini, IBM Corporation, and Mu Sigma, Inc.

 

 

Market Segmentation:

Data Analytics Outsourcing Market By Type (Descriptive, Predictive, and Prescriptive), Application (Sales Analytics, Marketing Analytics, Risk & Financial Analytics, Supply Chain Analytics, and Others), and Industry Vertical (BFSI, Telecom, Retail, Healthcare, Media & Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2028

Regional Scope:  

North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa, United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

 

Forecast Period 2020 to 2026 CAGR:    XX

Pages: 100+

Tables, Charts & Figures: 100+

Growth Drivers Pitfalls & Challenges

 

COVID-19 – Next Thoughts: In this piece, we have shared key data and numbers that shine a spotlight on the current scale of the crisis and the economic fallout.

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario

Market Behavior/ Level of Risk and Opportunity

End Industry Behavior/ Opportunity Assessment

Expected Industry Recovery Timeline

Business Impact Horizon

Opening of Economy by Q3 2020

xx

xx

xx

xx

Recovery – Opening of Economy extended till Q4 2020 / Q1 2021

xx

xx

xx

xx

 

Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

Study Explore :

  • Market Behavior/ Level of Risk and Opportunity
  • End Industry Behavior/ Opportunity Assessment
  • Expected Industry Recovery Timeline

For more information or any query mail at [email protected]

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects:

Informational Takeaways from the Market Study: The report includesthe completely examined and evaluated data of the noticeable companies and their situation in the market considering impact of Coronavirus. The measured tools including SWOT analysis, Porter’s five powers analysis, and assumption return debt were utilized while separating the improvement of the key players performing in the market.

Key Development’s in the Market: This report fuses the major developments of the market that contains confirmations, composed endeavors, R&D, new thing dispatch, joint endeavours, and relationship of driving members working in the market.

 

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  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
  • Historical data and analysis for the key drivers of this industry
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Key Points Covered in Data Analytics Outsourcing Market Report: Table of Contents

Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Data Analytics Outsourcing market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Data Analytics Outsourcing  Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

……..and view more in complete table of Contents

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