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Data Analytics Outsourcing Market By Solution Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics), By Application (Customer & Marketing Analytics, Finance & Risk Management Analytics, Supply Chain Analytics, Social Media Analytics, Others), By Industry Verticals (Telecommunication, Retail, Healthcare, Manufacturing, Media & Entertainment, Others) – Growth, Future Prospects, And Competitive Analysis, 2019 – 2027

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Proliferating Data Generation to Bolster Data Analytics Outsourcing Market

The global data analytics outsourcing market was worth US$ 2.73 Bn in 2018 and is projected to grow at a CAGR of 21.84% during the forecast period from 2019 to 2027. Data analytics is the process of collecting, scrutinizing, and evaluating data in order to draw meaningful information and informative conclusions from it so as to help businesses make effective strategic decisions. Data analytics is a time-consuming and tedious process that demands complete attention and contextual domain expertise. The majority of organizations struggle with converting even a small amount of data into useful information and also lack skilled personnel for the job. Outsourcing data analytics services, on the other hand, provide qualitative and quantitative data analysis techniques, better toolsets, more flexibility, specialized expertise, and services. It also benefits organizations save time and money along with improved productivity.

The exponential rise in volume and variety of data generation is a major driving factor for data analytics outsourcing market growth. Similarly, a significant decrease in data storage costs over the years augmented the demand for data analytics outsourcing. With the rising deployment of enterprise software systems such as Customer Relationship Management (CRM), Supply Chain Management (SCM), and Enterprise Resource Planning (ERP), a large amount of data is generated pertaining to operations, consumers, and vendors. Effective inventory management in the supply chain for optimized production in large companies is projected to propel market growth over the forecast period. Organizations widely realize the staggering impact of data-driven business decisions in improving their profitability. Updated data analytics tools and techniques offered by data analytics service vendors push organizations to outsource them, thereby accelerating market growth. Furthermore, handling and analyzing structured and unstructured information in the form of big data is a cumbersome task and will act as a key market driver during the forecast period.

Constant cybercrime threats, along with the security & privacy of enterprise data, are restraints in increased data analytics outsourcing market penetration. Data analytics service vendors are constantly focusing on upgrading their offerings in order to avoid probable fiasco and provide safe, secure, and accurate solutions.

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Market Snapshot

Descriptive Analytics accounted for the Largest Market Share in 2018.

Based on solution type, descriptive analytics reaped a major share in the overall revenue of the data analytics outsourcing market in 2018. Organizations use descriptive analytics when they need to aggregately understand their ongoing business scenario. Descriptive analytics summarizes & describes raw data and interprets it in an easy-to-understand form. It analyses past events and helps organizations understand near-future implications. Presently, organizations across the world use descriptive analytics in determining tangible data, such as stocks available in inventory or the number of transactions in a calendar year. However, prescriptive analytics, a relatively new field of data analytics, is projected to have increased market share during the forecast period as it attempts to quantify possible outcomes before the decisions are made.

North America Reaped Largest Market Share in 2018

The global data analytics outsourcing market, based on geography, was led by North America in 2018. North America, closely followed by Europe, is the primary adopter of advanced manufacturing and Industry 4.0. Similarly, advanced digital technologies such as IoT, big data, artificial intelligence, machine learning, and cognitive learning, among others, find wide adoption among major companies across the region. All the aforementioned technologies are highly data-inclusive and generate data in enormous amounts. Skilled analysts offering expertise in particular fields are needed for processing such huge amounts of data to provide a conclusive business solution. The majority of organizations prefer outsourcing data analytics from Asian countries owing to the rapid growth of IT infrastructure across the region and the availability of low-cost and skilled workforce.

Competitive Insights

Major players in the data analytics outsourcing market are adopting several strategies such as advanced service offerings, mergers & acquisitions, partnerships & joint ventures, and geographic expansion to gain competitive leverage in stringent market competition. Key vendors profiled in the data analytics outsourcing market include Tata Consultancy Services, Ltd., Infosys, Ltd., Capgemini SE, IBM Corporation, Accenture, plc., Mu Sigma, Inc., Fractal Analytics, Inc., HCL Technologies, Ltd., Genpact, Ltd., ZS Associates, Inc. and Opera Solutions, LLC. among others.

Historical & Forecast Period

The research report presents the analysis of each segment from 2019 to 2027, considering 2018as the base year for the research. The compound Annual Growth Rate (CAGR) for each respective segment is calculated for the forecast period from 2019 to 2027.

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Report Scope by Segments

Data analytics outsourcing market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global data analytics outsourcing market based on solution type, application, industry verticals, and geography. Key segments covered in the report are as follows:

ATTRIBUTEDETAILS

Research Period  2017-2027

The base Year 2018

Forecast Period  2019-2027

Historical Year  2017

Unit  USD Billion

Segmentation Solution Type Segment (2019 – 2027; US$ Bn)

  • Descriptive Analytics
  • Predictive Analytics
  • Prescriptive Analytics

Application Segment (2019 – 2027; US$ Bn)

  • Customer & Marketing Analytics
  • Finance & Risk Management Analytics
  • Supply Chain Analytics
  • Social Media Analytics
  • Others (Operational Analytics, Real-time Analytics, etc.)

Industry Verticals Segment (2019 – 2027; US$ Bn)

  • Banks, Financial Services & Insurance (BFSI)
  • Telecommunication
  • Retail
  • Healthcare
  • Manufacturing
  • Media & Entertainment
  • Others (Government Firms, Education, etc.)

Geography Segment (2019 – 2027; US$ Bn)

  • North America (U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (Japan, China, India, Rest of APAC)
  • Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

  • What was the market size of the data analytics outsourcing market in 2018, and what is the forecast up to 2027?
  • What are the key factors driving the global data analytics outsourcing market?
  • What are the key market trends and high-growth opportunities observed in the data analytics outsourcing market?
  • Which is the largest regional market for data analytics outsourcing?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market growth? Why?
  • Which players are leading the data analytics outsourcing market?
  • What are the key strategies adopted by the major players operating in the market?

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global DAO Market
2.2. Global DAO Market, by Solution Type, 2018 (US$ Bn)
2.3. Global DAO Market, by Application, 2018 (US$ Bn)
2.4. Global DAO Market, by Industry Verticals, 2018 (US$ Bn)
2.5. Global DAO Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global DAO Market Value, 2017 – 2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Data Analytics Outsourcing (DAO) Market, by Solution Type , 2017 – 2027 (US$ Bn)
4.1. Overview
4.2. Descriptive Analytics
4.3. Predictive Analytics
4.4. Prescriptive Analytics

5. Global Data Analytics Outsourcing (DAO) Market, by Application, 2017 – 2027 (US$ Bn)
5.1. Overview
5.2. Customer & Marketing Analytics
5.3. Finance & Risk Management Analytics
5.4. Supply Chain Analytics
5.5. Social Media Analytics
5.6. Others (Operational Analytics, Real-time Analytics; etc.)

6. Global Data Analytics Outsourcing (DAO) Market, by Industry Verticals, 2017 – 2027 (US$ Bn)
6.1. Overview
6.2. Banking, Financial Services & Insurance (BFSI)
6.3. Telecommunication
6.4. Retail
6.5. Healthcare
6.6. Manufacturing
6.7. Media & Entertainment
6.8. Others (Government Firms, Education; etc.)

7. North America Data Analytics Outsourcing (DAO) Market Analysis, 2017 – 2027 (US$ Bn)
7.1. Overview
7.1.1. North America DAO Market Value and Growth, 2017 – 2027 (US$ Bn)
7.2. North America DAO Market Value, By Solution Type, 2017 – 2027 (US$ Bn)
7.2.1. Market Analysis
7.3. North America DAO Market Value, By Application, 2017 – 2027 (US$ Bn)
7.3.1. Market Analysis
7.4. North America DAO Market Value, By Industry Verticals, 2017 – 2027 (US$ Bn)
7.4.1. Market Analysis
7.5. North America DAO Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe Data Analytics Outsourcing (DAO) Market Analysis, 2017 – 2027 (US$ Bn)
8.1. Overview
8.1.1. Europe DAO Market Value and Growth, 2017 – 2027 (US$ Bn)
8.2. Europe DAO Market Value, By Solution Type, 2017 – 2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Europe DAO Market Value, By Application, 2017 – 2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Europe DAO Market Value, By Industry Verticals, 2017 – 2027 (US$ Bn)
8.4.1. Market Analysis
8.5. Europe DAO Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific Data Analytics Outsourcing (DAO) Market Analysis, 2017 – 2027 (US$ Bn)
9.1. Overview
9.1.1. Asia Pacific DAO Market Value and Growth, 2017 – 2027, (US$ Bn)
9.2. Asia Pacific DAO Market Value, By Solution Type, 2017 – 2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Asia Pacific DAO Market Value, By Application, 2017 – 2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Asia Pacific DAO Market Value, By Industry Verticals, 2017 – 2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Asia Pacific DAO Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific

10. Rest of the World Data Analytics Outsourcing (DAO) Market Analysis, 2017 – 2027 (US$ Bn)
10.1. Overview
10.1.1. Rest of the World DAO Market Value and Growth, 2017 – 2027, (US$ Bn)
10.2. Rest of the World DAO Market Value, By Solution Type, 2017 – 2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Rest of the World DAO Market Value, By Application, 2017 – 2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Rest of the World DAO Market Value, By Industry Verticals, 2017 – 2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Rest of the World DAO Market Value, By Region, 2017 – 2027 (US$ Bn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America

11. Company Profiles
11.1. Tata Consultancy Services, Ltd.
11.2. Infosys, Ltd.
11.3. Capgemini SE
11.4. IBM Corporation
11.5. Accenture, plc.
11.6. Mu Sigma, Inc.
11.7. Fractal Analytics, Inc.
11.8. HCL Technologies, Ltd.
11.9. Genpact, Ltd.
11.10. ZS Associates, Inc.
11.11. Opera Solutions, LLC.

List of Figures

FIG. 1 Global Data Analytics Outsourcing (DAO) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down and Bottom Up Approach
FIG. 3 Global DAO Market Segmentation
FIG. 4 Global DAO Market, by Solution Type, 2018 (US$ Bn)
FIG. 5 Global DAO Market, by Application, 2018 (US$ Bn)
FIG 6 Global DAO Market, by Industry Verticals, 2018 (US$ Bn)
FIG. 7 Global DAO Market, by Geography, 2018 (US$ Bn)
FIG. 8 Global DAO Market Value, 2017 – 2027, (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Global Market Positioning of Key DAO Vendors, 2018
FIG. 11 Global DAO Market Value Share, by Solution Type, 2017 & 2027 (Value %)
FIG. 12 Global Descriptive Analytics Market Value, 2017 – 2027, (US$ Bn)
FIG. 13 Global Predictive Analytics Market Value, 2017 – 2027, (US$ Bn)
FIG. 14 Global Prescriptive Analytics Market Value, 2017 – 2027, (US$ Bn)
FIG. 15 Global DAO Market Value Share, by Application, 2017 & 2027 (Value %)
FIG. 16 Global Customer & Marketing Analytics Outsourcing Market Value, 2017 – 2027, (US$ Bn)
FIG. 17 Global Finance & Risk Management Analytics Outsourcing Market Value, 2017 – 2027, (US$ Bn)
FIG. 18 Global Supply Chain Analytics Outsourcing Market Value, 2017 – 2027, (US$ Bn)
FIG. 19 Global Social Media Analytics Outsourcing Market Value, 2017 – 2027, (US$ Bn)
FIG. 20 Global Other Analytics Outsourcing Market Value, 2017 – 2027, (US$ Bn)
FIG. 21 Global DAO Market Value Share, by Industry Verticals, 2017 & 2027 (Value %)
FIG. 22 Global DAO Market Value for BFSI, 2017 – 2027, (US$ Bn)
FIG. 23 Global DAO Market Value for Telecommunication, 2017 – 2027, (US$ Bn)
FIG. 24 Global DAO Market Value for Retail, 2017 – 2027, (US$ Bn)
FIG. 25 Global DAO Market Value for Healthcare, 2017 – 2027, (US$ Bn)
FIG. 26 Global DAO Market Value for Manufacturing, 2017 – 2027, (US$ Bn)
FIG. 27 Global DAO Market Value for Media & Entertainment, 2017 – 2027, (US$ Bn)
FIG. 28 Global DAO Market Value for Others, 2017 – 2027, (US$ Bn)
FIG. 29 North America DAO Market Value, 2017 – 2027 (US$ Bn)
FIG. 30 Europe DAO Market Value, 2017 – 2027, (US$ Bn)
FIG. 31 Asia Pacific DAO Market Value, 2017 – 2027, (US$ Bn)
FIG. 32 RoW DAO Market Value, 2017 – 2027, (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Data Analytics Outsourcing (DAO) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global DAO Market, by Solution Type, 2017 – 2027 (US$ Bn)
TABLE 5 Global DAO Market, by Application, 2017 – 2027 (US$ Bn)
TABLE 6 Global DAO Market, by Industry Verticals, 2017 – 2027 (US$ Bn)
TABLE 7 Global DAO Market, by Geography, 2017 – 2027 (US$ Bn)
TABLE 8 North America DAO Market, by Solution Type, 2017 – 2027 (US$ Bn)
TABLE 9 North America DAO Market, by Application, 2017 – 2027 (US$ Bn)
TABLE 10 North America DAO Market, by Industry Verticals, 2017 – 2027 (US$ Bn)
TABLE 11 North America DAO Market Value, by Region/Country, 2017 – 2027 (US$ Bn)
TABLE 12 Europe DAO Market, by Solution Type, 2017 – 2027 (US$ Bn)
TABLE 13 Europe DAO Market, by Application, 2017 – 2027 (US$ Bn)
TABLE 14 Europe DAO Market, by Industry Verticals, 2017 – 2027 (US$ Bn)
TABLE 15 Europe DAO Market Value, by Region/Country, 2017 – 2027 (US$ Bn)
TABLE 16 Asia Pacific DAO Market, by Solution Type, 2017 – 2027 (US$ Bn)
TABLE 17 Asia Pacific DAO Market, by Application, 2017 – 2027 (US$ Bn)
TABLE 18 Asia Pacific DAO Market, by Industry Verticals, 2017 – 2027 (US$ Bn)
TABLE 19 Asia Pacific DAO Market Value, by Region/Country, 2017 – 2027 (US$ Bn)
TABLE 20 Rest of the World DAO Market, by Solution Type, 2017 – 2027 (US$ Bn)
TABLE 21 Rest of the World DAO Market, by Application, 2017 – 2027 (US$ Bn)
TABLE 22 Rest of the World DAO Market, by Industry Verticals, 2017 – 2027 (US$ Bn)
TABLE 23 Rest of the World DAO Market Value, by Region, 2017 – 2027 (US$ Bn)
TABLE 24 Tata Consultancy Services, Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 25 Infosys, Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 26 Capgemini SE: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 27 IBM Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 28 Accenture, plc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 29 Mu Sigma, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 30 Fractal Analytics, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 31 HCL Technologies, Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 32 Genpact, Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 33 ZS Associates, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 34 Opera Solutions, LLC: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)

Frequently Asked Question:

What is the size of Data Analytics Outsourcing Market?

The market for Data Analytics Outsourcing Market is expected to reach USD$ 2.73 Bn in 2026.

What is the Data Analytics Outsourcing Market CAGR?

The Data Analytics Outsourcing Market is expected to see significant CAGR growth over the coming years, at 21.84%.

What is the Forecast period considered for Data Analytics Outsourcing Market?

The report is forecasted from 2018 -2026.

What is the base year considered for Data Analytics Outsourcing Market?

The base year of this report is 2018.

Who are the major players in this market?

Tata Consultancy Services, Ltd., Infosys, Ltd., Capgemini SE, IBM Corporation, Accenture, plc., Mu Sigma, Inc., Fractal Analytics, Inc., HCL Technologies, Ltd., Genpact, Ltd.. are some of the major players in the global market.

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