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
Details of Report @
https://www.grandviewresearch.com/industry-analysis/data-analytics-outsourcing-market
https://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.
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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