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The global data analytics outsourcing market reached a value of US$ 3.04 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 21.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Data analytics outsourcing refers to the utilization of third-party applications and organizations for analyzing data. These services are used to produce actionable insights from large quantities of data generated from artificial intelligence (AI), robotics process automation (RPA), connected devices and big data repositories. The insights are also generated by analyzing data patterns through various data science, data visualization and statistical research tools, which are further used for improving operational efficiency and revenues. Outsourcing data analytics services offer enhanced flexibility to organizations and enable them to use updated tools and services for their data. As a result, these services find extensive applications across various industries, including banking, financial services and insurance (BFSI), automotive, healthcare, retail, manufacturing and IT & telecommunications.
Rapid digitization, along with increasing utilization of cloud-computing services across the globe, is one of the key factors driving the growth of the market. Third-party data analytics organizations optimize and personalize the integration interface to improve business operations and enhance cost-efficiencies. Furthermore, the growing demand for specialized analytical tools is also driving the market growth. Various technological advancements, such as the integration of connected devices with the Internet of Things (IoT), along with the increasing adoption of data-driven decision-making practices, are acting as other growth-inducing factors. The data generated by social media platforms are interpreted by data analytics service providers and are utilized by organizations to understand user behaviors and market trends. Other factors, including significant growth in the online retail sector, along with the adoption of predictive data analytic systems, are expected to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global data analytics outsourcing market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, application, component and vertical.
Breakup by Type:
Breakup by Application:
Breakup by Component:
Breakup by Vertical:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Accenture, Capgemini, Fractal Analytics Inc., Genpact Ltd., Infosys Ltd., IBM, Mu Sigma Inc., Electrifai LLC, Tata Consultancy Services Ltd., Trianz, Wipro and ZS Associates Inc.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Application, Component, Vertical, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Accenture, Capgemini, Fractal Analytics Inc., Genpact Ltd., Infosys Ltd., IBM, Mu Sigma Inc., Electrifai LLC, Tata Consultancy Services Ltd., Trianz, Wipro and ZS Associates Inc.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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