Data Analytics Outsourcing Market Size, Share & Trends Analysis Report By Type, By Application, By End-use, By Region, And Segment Forecasts, 2024

Description

Data Analytics Outsourcing Market Growth & Trends:

The global data analytics outsourcing market size is anticipated to reach USD 66.68 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 32.1% from 2024 to 2030. 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.

Data Analytics Outsourcing Market Report Highlights:

The descriptive type segment dominated the market and accounted for a market revenue share of 39.8% in 2023.
The sales analytics segment accounted for the largest market revenue share in 2023. Sales analytics provides businesses with the tools to predict future sales trends accurately.
The BFSI segment accounted for the largest market revenue share in 2023. Outsourcing data analytics for fraud detection enables institutions to leverage advanced techniques.
The North America region accounted for the largest revenue share in 2023. The region has numerous tech giants and startups, such as IBM, Fractal Analytics, and others specializing in advanced analytics, machine learning, and artificial intelligence.

Product Code: GVR-2-68038-561-8

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Data Analytics Outsourcing Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.3.3. Industry Opportunities
- 3.3.4. Industry Challenges
3.4. Data Analytics Outsourcing Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the Suppliers
  - 3.4.1.2. Bargaining power of the Buyers
  - 3.4.1.3. Threats of Substitution
  - 3.4.1.4. Threats from New Entrants
  - 3.4.1.5. Competitive Rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political Landscape
  - 3.4.2.2. Economic and Social Landscape
  - 3.4.2.3. Technological Landscape
  - 3.4.2.4. Environmental Landscape
  - 3.4.2.5. Legal Landscape

Chapter 4. Data Analytics Outsourcing Market: Type Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Data Analytics Outsourcing Market: Type Movement Analysis, 2023 & 2030 (USD Million)
4.3. Descriptive
- 4.3.1. Descriptive Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
4.4. Predictive
- 4.4.1. Predictive Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
4.5. Prescriptive
- 4.5.1. Prescriptive Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)

Chapter 5. Data Analytics Outsourcing Market: Application Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Data Analytics Outsourcing Market: Application Movement Analysis, 2023 & 2030 (USD Million)
5.3. Sales Analytics
- 5.3.1. Sales Analytics Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
5.4. Marketing Analytics
- 5.4.1. Marketing Analytics Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
5.5. Finance & Risk Analytics
- 5.5.1. Finance & Risk Analytics Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
5.6. Supply Chain Analytics
- 5.6.1. Supply Chain Analytics Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
5.7. Others
- 5.7.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)

Chapter 6. Data Analytics Outsourcing Market: End Use Estimates & Trend Analysis

6.1. Segment Dashboard
6.2. Data Analytics Outsourcing Market: End Use Analysis, 2023 & 2030 (USD Million)
6.3. BFSI
- 6.3.1. BFSI Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
6.4. IT & Telecom
- 6.4.1. IT & Telecom Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
6.5. Retail & E-commerce
- 6.5.1. Retail & E-commerce Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
6.6. Healthcare
- 6.6.1. Healthcare Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
6.7. Media & Entertainment
- 6.7.1. Media & Entertainment Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
6.8. Manufacturing
- 6.8.1. Manufacturing Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
6.9. Others
- 6.9.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)

Chapter 7. Data Analytics Outsourcing Market: Regional Estimates & Trend Analysis

7.1. Data Analytics Outsourcing Market Share, By Region, 2023 & 2030 (USD Million)
7.2. North America
- 7.2.1. North America Data Analytics Outsourcing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.2. U.S.
  - 7.2.2.1. U.S. Data Analytics Outsourcing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.3. Canada
  - 7.2.3.1. Canada Data Analytics Outsourcing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.4. Mexico
  - 7.2.4.1. Mexico Data Analytics Outsourcing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.3. Europe
- 7.3.1. Europe Data Analytics Outsourcing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.2. U.K.
  - 7.3.2.1. U.K. Data Analytics Outsourcing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.3. Germany
  - 7.3.3.1. Germany Data Analytics Outsourcing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.4. France
  - 7.3.4.1. France Data Analytics Outsourcing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.4. Asia Pacific
- 7.4.1. Asia Pacific Data Analytics Outsourcing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.2. Japan
  - 7.4.2.1. Japan Data Analytics Outsourcing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.3. China
  - 7.4.3.1. China Data Analytics Outsourcing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.4. India
  - 7.4.4.1. India Data Analytics Outsourcing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.5. Australia
  - 7.4.5.1. Australia Data Analytics Outsourcing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.6. South Korea
  - 7.4.6.1. South Korea Data Analytics Outsourcing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.5. Latin America
- 7.5.1. Latin America Data Analytics Outsourcing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5.2. Brazil
  - 7.5.2.1. Brazil Data Analytics Outsourcing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Data Analytics Outsourcing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.2. South Africa
  - 7.6.2.1. South Africa Data Analytics Outsourcing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.3. Saudi Arabia
  - 7.6.3.1. Saudi Arabia Data Analytics Outsourcing Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.4. UAE
  - 7.6.4.1. UAE Data Analytics Outsourcing Market Estimates and Forecasts, 2017 - 2030 (USD Million)

Chapter 8. Competitive Landscape

8.1. Recent Developments & Impact Analysis by Key Market Participants
8.2. Company Categorization
8.3. Company Heat Map Analysis
8.4. Company Profiles
- 8.4.1. Accenture
  - 8.4.1.1. Participant's Overview
  - 8.4.1.2. Financial Performance
  - 8.4.1.3. Product Benchmarking
  - 8.4.1.4. Recent Developments/ Strategic Initiatives
- 8.4.2. Capgemini
  - 8.4.2.1. Participant's Overview
  - 8.4.2.2. Financial Performance
  - 8.4.2.3. Product Benchmarking
  - 8.4.2.4. Recent Developments/ Strategic Initiatives
- 8.4.3. Fractal Analytics Inc.
  - 8.4.3.1. Participant's Overview
  - 8.4.3.2. Financial Performance
  - 8.4.3.3. Product Benchmarking
  - 8.4.3.4. Recent Developments/ Strategic Initiatives
- 8.4.4. Genpact
  - 8.4.4.1. Participant's Overview
  - 8.4.4.2. Financial Performance
  - 8.4.4.3. Product Benchmarking
  - 8.4.4.4. Recent Developments/ Strategic Initiatives
- 8.4.5. Infosys Limited
  - 8.4.5.1. Participant's Overview
  - 8.4.5.2. Financial Performance
  - 8.4.5.3. Product Benchmarking
  - 8.4.5.4. Recent Developments/ Strategic Initiatives
- 8.4.6. IBM Corporation
  - 8.4.6.1. Participant's Overview
  - 8.4.6.2. Financial Performance
  - 8.4.6.3. Product Benchmarking
  - 8.4.6.4. Recent Developments/ Strategic Initiatives
- 8.4.7. Mu Sigma
  - 8.4.7.1. Participant's Overview
  - 8.4.7.2. Financial Performance
  - 8.4.7.3. Product Benchmarking
  - 8.4.7.4. Recent Developments/ Strategic Initiatives
- 8.4.8. TATA Consultancy Services Limited
  - 8.4.8.1. Participant's Overview
  - 8.4.8.2. Financial Performance
  - 8.4.8.3. Product Benchmarking
  - 8.4.8.4. Recent Developments/ Strategic Initiatives
- 8.4.9. Trianz
  - 8.4.9.1. Participant's Overview
  - 8.4.9.2. Financial Performance
  - 8.4.9.3. Product Benchmarking
  - 8.4.9.4. Recent Developments/ Strategic Initiatives
- 8.4.10. ZS Associates
  - 8.4.10.1. Participant's Overview
  - 8.4.10.2. Financial Performance
  - 8.4.10.3. Product Benchmarking
  - 8.4.10.4. Recent Developments/ Strategic Initiatives

Data Analytics Outsourcing Market Size, Share & Trends Analysis Report By Type, By Application, By End-use, By Region, And Segment Forecasts, 2024 - 2030