DUBLIN--(BUSINESS WIRE)--The "Data Analytics Outsourcing - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
According to this report, the Global Data Analytics Outsourcing market accounted for $2,233.12 million in 2017 and is expected to reach $18,681.12 million by 2026 growing at a CAGR of 26.6% during the forecast period.
Some of the factors favouring the market growth are huge acceptance of mobile devices and social media and huge investments in data analytics by organizations to boost their output.
Lack of availability of data scientists around the globe and privacy concerns of personal data, & data security problems are hampering the market growth.
Moreover, rising recognition of Internet of things (IoT) as it provides vendors and businesses is providing ample opportunities for the market growth.
By Type, descriptive data analytics segment is driving the market growth. The rising acceptance of digital technologies and big data has encouraged enterprises to adopt descriptive analytics owing to the resulting growth in volume of data. The data provided by descriptive analytics help the enterprises to generate a better plan for business growth and for better decision-making.
North America dominated the market in terms of revenue due to increasing adoption of superior digital technologies by end users in the region, leading to generation of large volumes of data. In addition, rising amount of data from several branches including production, procurement, sales & marketing and human resource is projected to drive demand for data analytics outsourcing in the region.
Types Covered:
- Predictive Data Analytics
- Prescriptive Data Analytics
- Descriptive Data Analytics
Applications Covered:
- Supply Chain Analytics
- Sales Analytics
- Marketing Analytics
- Finance & Risk Analytics
- Fraud Detection and Risk management
- Advisory Services
- Process Optimization
- Device Security Solutions
- Other Applications
End Users Covered:
- Media & Entertainment
- IT & Telecom
- Banking, financial services and insurance (BFSI)
- Healthcare
- Retail
- Manufacturing
- Energy & Utilities
- Education
- Consumer Packaged Goods
- Other End users
Companies Profiled:
- Accenture
- Infosys Ltd.
- Capgemini
- IBM Corporation
- Tata Consultancy Services Ltd.
- Genpact Ltd.
- Wipro Ltd.
- Sap SE
- Fractal Analytics Ltd
- Mu Sigma, Inc.
- ZS Associates, Inc.
- Trianz
- RSA Security LLC
- ThreatMetrix
- Opera Solutions LLC
For more information about this report visit https://www.researchandmarkets.com/research/38f4b2/global_data?w=4
