Dec 30, 2019 (AmericaNewsHour) — MarketStudyReport.com Adds New Data Analytics Outsourcing Market 2019 – 2027 research report providing information and data by Type, Application, End-user, Industry Analysis, Regional Outlook, Competitive Market Share & Forecast spreading across 174 Pages with table and figures in it.
The global data analytics outsourcing market was valued at US$ 2.49 Bn in 2018 and is expected to grow at a CAGR of 25.8% during the forecast period 2019 – 2027, to account to US$ 19.36 Bn by 2027. Factors such as shortage of skilled labor, as well as high adoption among by diverse industries is driving the data analytics outsourcing market growth.
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India and China are the key suppliers of data analytics outsourcing services across the globe. The availability of relatively low-cost workforce and rapid grass development of these economies has enabled them to lead the market in terms of resourcing data analytics services. However, North America and Europe are critical contributors to the global data analytics market. In the coming years, the Asian, as well as Middle Eastern markets, are anticipated to emerge as a highly competitive, owing to the growth of small and medium businesses.
Despite the increasing demand for analytics outsourcing, the landscape of data analytics outsourcing market has been little captured by the companies that provide end to end solutions including data collection, entry cleansing, and analytics all together. Nonetheless, rising price competition in the market is expected to anyhow promote un-bundling of the data analytics outsourcing services. Apart from the expanding data generation capabilities the intensifying scenarios in terms of innovation is expected to contribute to the growth in demand of data analytics outsourcing market.
The most prominent region in global data analytics outsourcing market in 2018 accounted for North America, followed by Europe and Asia Pacific. Middle East and Africa, and South America held the fourth and fifth position in terms of market shares in data analytics outsourcing market. North America is one of the fastest growing regions in terms of technological development. In the past five years, the region witnessed the significant adoption of technologies such as Big Data, IoT, artificial intelligence, cognitive learning, machine learning, and powered solutions across all the sectors. These technologies are highly data intensive and are responsible for generating huge volumes of data every day that is used, and at times stored and processed for use as and when needed.
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The overall data analytics outsourcing market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the data analytics outsourcing market. It also provides the overview and forecast for the global data analytics outsourcing market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the data analytics outsourcing industry. The major companies operating in the data analytics outsourcing market globally includes Accenture, Capgemini SE, Fractal Analytics Inc., Genpact, Infosys Limited, Mu Sigma Inc., Tata Consultancy Services Limited, Wipro Limited, WNS (Holdings) Ltd., and ZS Associates, Inc. among others.
Table of content:
1. INTRODUCTION
1.1 SCOPE OF THE STUDY
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3 MARKET SEGMENTATION
1.3.1 Data Analytics Outsourcing Market – By Type
1.3.2 Data Analytics Outsourcing Market – By Application
1.3.3 Data Analytics Outsourcing Market – By End-user
1.3.4 Data Analytics Outsourcing Market – By Geography
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
3.1 COVERAGE
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
4. DATA ANALYTICS OUTSOURCING MARKET LANDSCAPE
4.1 MARKET OVERVIEW
4.2 PEST ANALYSIS
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East & Africa PEST Analysis
4.2.5 South America PEST Analysis
4.3 ECOSYSTEM ANALYSIS
5. DATA ANALYTICS OUTSOURCING MARKET – KEY INDUSTRY DYNAMICS
5.1 DRIVER
5.1.1 Shortage of skilled labour and high cost associated with their retention
5.1.2 Rapidly increasing data traffic
5.1.3 Growth in cloud based business operations
5.2 RESTRAINTS
5.2.1 Cyber threat involved in outsourcing of data analytics
5.3 OPPORTUNITY:
5.3.1 Growth of AI and other disruptive technologies
5.4 FUTURE TRENDS:
5.4.1 Development of new applications
5.5 IMPACT ANALYSIS
6. DATA ANALYTICS OUTSOURCING- GLOBAL MARKET ANALYSIS
6.1 GLOBAL DATA ANALYTICS OUTSOURCING MARKET OVERVIEW
6.2 GLOBAL DATA ANALYTICS OUTSOURCING MARKET FORECAST AND ANALYSIS
6.3 MARKET POSITIONING/ MARKET SHARE
7. GLOBAL DATA ANALYTICS OUTSOURCING SOFTWARE MARKET ANALYSIS –
BY TYPE
7.1 OVERVIEW
7.2 GLOBAL DATA ANALYTICS OUTSOURCING MARKET BREAKDOWN, BY TYPE,
2018 & 2027
7.3 DESCRIPTIVE DATA ANALYTICS
7.3.1 Overview
7.3.2 Global Descriptive Data Analytics Revenue and Forecasts to 2027 (US$ Mn)
7.4 PREDICTIVE DATA ANALYTICS
7.4.1 Overview
7.4.2 Global Predictive Data Analytics Market Revenue and Forecasts to 2027
(US$ Mn)
7.5 PRESCRIPTIVE DATA ANALYTICS
7.5.1 Overview
7.5.2 Global Prescriptive Data Analytics Market Revenue and Forecasts to 2027
(US$ Mn)
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