DUBLIN--(BUSINESS WIRE)--The "Data Analytics Outsourcing Market to 2027 - Global Analysis and Forecasts by Type; Application; and End-user" report has been added to ResearchAndMarkets.com's offering.
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.
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 altogether. Nonetheless, rising price competition in the market is expected to promote unbundling of the data analytics outsourcing services anyhow. Apart from the expanding data generation capabilities, the intensifying scenarios in terms of innovation are expected to contribute to the growth in demand of data analytics outsourcing market.
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 highly competitive, owing to the growth of small and medium businesses.
The most prominent region in global data analytics outsourcing market in 2018 accounted for North America, followed by Europe and the Asia Pacific. The 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.
The major companies operating in the data analytics outsourcing market globally include 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.
Key Topics Covered
2. Key Takeaways
3. Research Methodology
4. Data Analytics Outsourcing Market Landscape
5. Data Analytics Outsourcing Market - Key Industry Dynamics
6. Data Analytics Outsourcing - Global Market Analysis
7. Global Data Analytics Outsourcing Software Market Analysis - By Type
8. Global Data Analytics Outsourcing Software Market Analysis - By Application
9. Global Data Analytics Outsourcing Market Analysis - By End-User
10. Data Analytics Outsourcing Market - Geographical Analysis
11. Industry Landscape
12. Company Profiles
- Accenture PLC
- Tata Consultancy Services Ltd.
- Genpact Ltd.
- Capgemini SE
- Wipro Limited
- Fractal Analytics Inc.
- ZS Associates
- Infosys Limited
- Mu Sigma Inc.
- WNS (Holdings) Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/vc8jfv