IMARC Group, a leading market research company, has recently released a report titled “Data Analytics Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global data analytics outsourcing market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. 

How Big is the Data Analytics Outsourcing Market?

The global data analytics outsourcing market size reached US$ 8.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 44.9 Billion by 2028, exhibiting a growth rate (CAGR) of 31.5% during 2023-2028.

What are a Data Analytics Outsourcing System?

Data analytics outsourcing involves the use of external applications and organizations to examine data. These services are used to derive actionable insights from large volumes of data generated by artificial intelligence (AI), robotics process automation (RPA), connected devices, and big data repositories. The insights are obtained by examining information patterns using diverse tools for data science, data visualization, and statistical research. Outsourcing data analytics services offer organizations greater flexibility and access to up-to-date tools and services for their data. Consequently, these services find extensive applications across numerous sectors, including healthcare, banking, financial services, and insurance (BFSI), automotive, retail, manufacturing, and information technology (IT) & telecommunications.

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What are the Growth Prospects and Trends in the Data Analytics Outsourcing Industry?

The rising digitization and the increasing utilization of cloud-computing services across the globe are primarily driving the data analytics outsourcing market. Furthermore, third-party information analytics organizations optimize and personalize the integration interface to enhance business operations and improve cost-efficiencies, which is also augmenting the market growth. Apart from this, the escalating demand for specialized analytical tools is positively influencing the global market. Moreover, continuous technological advancements, such as the incorporation of connected instruments with the Internet of Things (IoT) and the widespread adoption of data-driven decision-making practices, are further bolstering the market growth. Besides this, service providers interpret the data generated by social media platforms, which organizations use to gain insights into user behaviors and market trends, is acting as another significant growth-inducing factor. Additionally, the growing online retail sector and the escalating demand for predictive information analytic systems are expected to drive the data analytics outsourcing market in the coming years.

Who are the Key Players Operating in the Data Analytics Outsourcing Market?

The report has also analysed the competitive landscape of the market with some of the key players.

  • Accenture
  • Capgemini
  • Fractal Analytics Inc.
  • Genpact Ltd.
  • Infosys Ltd.
  • IBM
  • Mu Sigma Inc.?
  • Electrifai LLC
  • Tata Consultancy Services Ltd.
  • Trianz
  • Wipro
  • ZS Associates Inc.

What is Included in Market Segmentation?

The report has categorized the market based on type, application, component and vertical.

Breakup by Type:

  • Descriptive
  • Predictive
  • Prescriptive

Based on Application:

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

Analysed by Component:

  • Solutions
  • Services

Breakup by Vertical:

  • Retail?
  • Automotive?
  • Manufacturing?
  • BFSI?
  • IT and Telecom?
  • Others

Regional Analysis:

  • North America (United States, Canada)
  • Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

Key Highlights of The Report:                                                     

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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