Data Analytics Outsourcing Market | Contrive Datum Insights

The Data Analytics Outsourcing market was valued at USD 5.9 billion in 2022 and is expected to reach USD 60.348 billion by 2030, growing at a CAGR of 34.0% from 2022 to 2030.

Data Analytics Outsourcing Market Overview

Data analytics outsourcing is a collaborative model in which companies entrust their data to service providers and receive insightful reports. Meanwhile, providers are responsible for infrastructure setup and support, data management, and data analysis. In 2020, the global Data Analytics Outsourcing market share was dominated by predictive analytics, which is expected to remain dominant in the coming years as businesses adopt analytics techniques to analyze both structured and unstructured data, thereby enabling them to make better decisions, thereby creating opportunities for more 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 outcomes and then uses a combination of machine learning, business rules, artificial intelligence, and algorithms to simulate different approaches to achieve multiple outcomes.

The Data Analytics Outsourcing Market has been recently published by Contrive Datum Insights to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Data Analytics Outsourcing market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Accenture, Capgemini, Mu Sigma, RSA Security, Fractal Analytics, Genpact, IBM Corporation, Infosys, Sap, ZS Associates, Opera Solutions, Tata Consultancy Services, ThreatMetrix, Wipro and Others., and others.

Industry Development:

• In May 2015, Accenture announced the launch of the Accenture Analytics Applications Platform, which provides advanced analytics applications to meet specific company and industry needs.
• In November 2013, Fractal Analytics merged with account management solutions provider Sequoya.

What are the major Applications, Types, and Regions for the Data Analytics Outsourcing Market?

By Type               

• Descriptive
• Predictive
• Prescriptive

By Application  

• Sales Analytics
• Marketing Analytics
• Risk & Financial Analytics
• Supply Chain Analytics
• Others

By Industry Vertical        

• BFSI
• Telecom
• Retail
• Healthcare
• Media & Entertainment
• Others

Data Analytics Outsourcing Market Regional Insights:

North America dominated the market in terms of revenue with a market size of USD 715.2 million in 2017. This growth can be attributed to the increasing acceptance of progressive digital technologies by end-users in the region, which generates huge amounts of data. Moreover, the increasing volume of data from various departments such as production, purchasing, sales & marketing, and human resources is expected to further drive the demand for data analytics outsourcing in the region.
The data analytics outsourcing market in Asia Pacific is anticipated to witness significant growth over the forecast period. Asia Pacific has been a common hub for data analytics outsourcing owing to the availability of skilled labor, technical infrastructure, lower labor costs, and efficient telecommunication infrastructure. Moreover, large-scale implementation of IT, process globalization and operational improvement, and access to expert resources are expected to further drive market growth.

Geographically, the global Data Analytics Outsourcing market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Data Analytics Outsourcing Market Report Scope:

Frequently Asked Questions (FAQ) about the Data Analytics Outsourcing market:

What is the CAGR of the global Data Analytics Outsourcing market?

The Data Analytics Outsourcing Market is growing at a CAGR of 34% during the forecast period.

Which region would offer high growth for vendors in the Data Analytics Outsourcing market?

North America dominated the market in terms of revenue with a market size of USD 715.2 million in 2017.

Which Is the Most potential market segment?

By Type               

• Descriptive
• Predictive
• Prescriptive

By Application  

• Sales Analytics
• Marketing Analytics
• Risk & Financial Analytics
• Supply Chain Analytics
• Others

Which are the top industry players in the Data Analytics Outsourcing market?

Accenture, Capgemini, Mu Sigma, RSA Security, Fractal Analytics, Genpact, IBM Corporation, Infosys, Sap, ZS Associates, Opera Solutions, Tata Consultancy Services, ThreatMetrix, Wipro and Others.