Skip to main content

Data Analytics Outsourcing Market To 2026 Projection of Each Major Segment over the Forecast Period

Data Analytics Outsourcing Market

According to a new report published by Transparency Market Research, the global data analytics outsourcing market is expected to reach the value of US$ 20,681.1 Mn by 2026 on account of the exponential growth in data generation and lack of in-house capabilities of companies. The global data analytics outsourcing market is projected to expand at a CAGR of 29.4% during the forecast period, viz. from 2018 to 2026. The growth of the market can be ascribed to the rising demand for advanced data analytics services across industries and the high adoption of marketing analytics by companies in order to offer the best possible services to their clients.

North America is anticipated to be the fastest-growing market for data analytics outsourcing, and is likely to be followed by Asia Pacific, Europe, Middle East & Africa, and South America during the forecast period. The BFSI segment of the data analytics outsourcing market is expected to grow rapidly, primarily due to the rising demand for data analytics in the BFSI sector across the world. The data analytics outsourcing market is presently in the emerging stage and is anticipated to grow swiftly in the near future due to the rise in awareness regarding the advantages of data analytics and the increase in productivity of the companies who adopt the same.

Planning To Lay Down Future Strategy? Request Sample https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=10421

Exponential growth in data generation is driving the global data analytics outsourcing market

Enterprises are enhancing their profitability and efficiency by using business software systems such as customer relationship management (CRM), enterprise resource planning (ERP), and supply chain management (SCM). These systems have resulted in an exponential increase in data related to operations, customers, and suppliers. Additionally, due to rise in the usage of Internet, there is an enormous amount of structured and unstructured data available to organizations. This has led to the demand for data analytics in organizations in order to have an in-depth analysis of their data and generate meaningful insights from it.

Data Analytics Outsourcing Market: Scope of the Report

The data analytics outsourcing market has been segmented on the basis of application and industry. Research shows that the global data analytics outsourcing market was dominated by the BFSI sector with a significant market share in 2016, as BFSI is the earliest adopter of data analytics services and there has been a rising demand for data analytics in the sector across the world. The BFSI sector has increasingly been adopting outsourcing of data analytics to understand changing consumer preferences, minimize risks, and reduce costs. This has improved the productivity of BFSI companies.

Request To Access Market Data Data Analytics Outsourcing Market

North America led the global data analytics outsourcing market with a substantial share in 2016.  This is primarily due to the increasing adoption of data analytics outsourcing and technologies and tools of data analytics by companies in the region. The data analytics outsourcing market in North America is growing at a significant rate. Rapid increase in data generation from different industry verticals such as BFSI, manufacturing, and healthcare is one of the major factors driving the data analytics outsourcing market in South America. On account of new opportunities, the data analytics outsourcing market in Asia Pacific, Europe, Middle East & Africa, and South America is expected to rise at a significant rate during the forecast period.

Global Data Analytics Outsourcing Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global data analytics outsourcing market. Key players profiled in this report include Accenture, Capgemini, Fractal Analytics Ltd, Genpact Ltd., IBM Corporation, Infosys Ltd., Mu Sigma, Inc., Opera Solutions LLC, RSA Security LLC, Sap SE, Tata Consultancy Services Ltd., ThreatMetrix, Wipro Ltd., and ZS Associates Inc.

Comments

Post a Comment

Popular posts from this blog

Lipid Profile Market: Information, Figures And Analytical Insights 2027 | Abbott., Akers Biosciences, Inc., Beckman Coulter

Emerging product trends, major drivers, challenges and opportunities in the market are identified and analysed apparently while generating this credible  Lipid Profile Market  analysis report. It helps customers or other market participants to be aware of the problems they may face while operating in the Lipid Profile industry over a longer period of time. The market data is analysed and forecasted using well established market statistical and coherent models. The global Lipid Profile business report is generated based on the market type, size of the organization, availability on-premises, the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The scope of this Lipid Profile Market report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions. The data collected to structur...
Post a Comment
Read more

Cryptocurrency Market: Opportunity Analysis and Industry Forecast Up To 2025

  The growing popularity of digital currency has played an integral role in driving sales across the global  cryptocurrency market.  The use of digital ledgers and blockchain technology across the financial space has emerged as an important dynamic of market growth. Moreover, investments in various forms of cryptocurrency have led to market growth and maturity. Several industry analysts consider cryptocurrency as a lucrative digital currency that could revolutionize the area of transactions. The availability of digital ledgers floating across the cryptocurrency ecosystem has helped in reconciling the use of this currency. Considering the factors stated above, it is legit to believe that the global cryptocurrency market would gain momentum in the times of follow. Transparency Market Research (TMR), in it report, predicts that the global cryptocurrency market would grow at a boisterous CAGR of 31.30% over the period between 2017 and 2025. The total value of the glo...
Post a Comment
Read more

Agricultural Sprayers Market To 2027 Market Development, Overview and Forecast | Deere & Company, CNH Industrial, Exel Industries

This large scale Agricultural Sprayers Market research report involves six major parameters namely market analysis, market definition, market segmentation, key developments in the market, competitive analysis, and research methodology. The report identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the market. Agricultural Sprayers Market report helps uncover the general market conditions and tendencies. Clients accomplish unparalleled insights and acquaintance of the best market opportunities into their respective markets from this market report. The Agricultural Sprayers Market document assist businesses with the intelligent decision making and better manage marketing of goods which ultimately leads to growth in the business. Request an analyst call or drop down an enquiry to get thorough Agricultural Sprayers Market report. Different markets, marketing strategies, trends, future products and emerging opportunities are taken...
Post a Comment
Read more