San Francisco, Nov 30 The
global data
analytics outsourcing market is expected to reach USD 10,321.6
million by 2025, according to a new study conducted by Grand View Research,
Inc. The growing need for outsourcing service among organizations to manage
growing customer’s data is expected to drive the growth of the market over the
forecast period.
Data
analytics outsourcing allows the companies to reduce operational costs, enhance
decision-making, deliver customized offerings, and improve customer services.
Increasing use of social media, increase in data generation, and reduction in
prices of data storage are expected to accelerate the market growth.
Additionally, growing number of smartphone users worldwide has led to the
generation of large amounts of data in the form of voice and text and this is
further anticipated to propel the demand for data analytics outsourcing over
the forecast period.
The
growing awareness about the advantages and improved productivity gained through
data analytics outsourcing is expected to drive the market growth. Increasing
e-commerce sales across the globe are generating a considerable amount of data
that needs to be managed by an outsourcing facility. Increasing adoption of
SaaS-based analytics and evolution of Artificial Intelligence (AI) are further
anticipated to drive demand for data analytics outsourcing.
Most
companies across the globe prefer using data analytics to gain insights into
large amounts of data through several qualitative and quantitative techniques
for expanding market and consumer base. There has been a substantial increase
in the data produced by organizations, owing to the expansion of multimedia
content, which in turn, is expected to propel the growth of the market over the
forecast period.
Browse full research report on Data Analytics Outsourcing Market:
www.grandviewresearch.com/industry-analysis/data-analytics-outsourcing-market
Further key findings from the report suggest:
- The
prescriptive segment is anticipated to grow at the highest CAGR owing to
the emergence of advanced technologies such as Internet of Things (IoT)
and big data.
- The marketing
analytics segment accounted a significant market share in 2017. This
growth can be attributed to the increasing investment by organizations in
marketing analytics-based applications to optimize return on investment
and its effectiveness.
- The BFSI
segment is anticipated to maintain its dominance in the market over the
forecast period owing to increasing adoption of data analytics outsourcing
to minimize risk, reduce costs, and to understand changing consumer
preferences
- North America
is expected to dominate the market over the forecast period and is
anticipated to reach USD 3,406.1 million by 2025 owing to the growing
adoption of marketing analytics by enterprises to offer best services to
clients.
- The key
industry participants include Accenture; Associates, Inc.; Tata
Consultancy Services Ltd.; Genpact Ltd.; Capgemini; Fractal Analytics
Inc.; Wipro Ltd.; Opera Solutions, LLC; ZS Associates Inc.; and
International Business Machine Corporation.
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/digital-media
Grand
View Research has segmented the global data analytics outsourcing market on the
basis of type, application, end-use, and region:
Data
Analytics Outsourcing Type Outlook (Revenue, USD Million; 2014 - 2025)
- Descriptive
- Predictive
- Prescriptive
Data
Analytics Outsourcing Application Outlook (Revenue, USD Million; 2014 - 2025)
- Sales
Analytics
- Marketing
Analytics
- Finance &
Risk Analytics
- Supply Chain
Analytics
- Others
Data
Analytics Outsourcing End-use Outlook (Revenue, USD Million; 2014 - 2025)
- BFSI
- Telecom
- Retail
- Healthcare
- Media &
Entertainment
- Manufacturing
- Others
Data
Analytics Outsourcing Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East
& Africa
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-data-analytics-outsourcing-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information:
www.grandviewresearch.com
No comments:
Post a Comment