Market Research Report
Data Analytics Outsourcing Market By Type, Application, and Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2021-2028
|Data Analytics Outsourcing Market By Type, Application, and Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2021-2028|
Published: May 21, 2021
Allied Market Research
Content info: 358 Pages
Delivery time: 2-3 business days
Companies outsource all kinds of IT and business functions to service providers, including some that are quite strategic. Increasingly, that includes data analytics, one of the more competitively advantageous areas of the technology spectrum.
With data analytics outsourcing, organizations hire service providers to perform analytics on the data they provide to the outsourcing company. Industry research confirms the demand for service is on the rise. Today, most of the organizations are recognizing the advantages and profitability of outsourcing data analytics services. Sometimes, lack of skilled human resources and expertise drives the companies toward outsourcing data analytics. The advantages of data analytical outsourcing encourage organizations to gain market share & customer insights and make strategic business decisions on the basis of data analytics report.
Rising amount of digital data coupled with its complexity in handling such colossal amount of data has emerged as one of the primary factors in driving the market growth. However, data security and privacy issues are primarily creating a staggering effect on the overall market. Furthermore, increased attention toward handling data from social media platforms and rapid scalability of outsourcing data analytics models are estimated to create a lucrative opportunity for the market.
The data analytics outsourcing market is mainly segmented on the basis of type, application, and industry vertical. Based on type, the market is divided into descriptive, predictive, and prescriptive. Based on application, the market is fragmented into sales analytics, marketing analytics, risk & financial analytics, supply chain analytics, and others. Based on industry vertical, the market is classified into BFSI, telecom, retail, healthcare, media & entertainment, and others.
Some of the key companies mentioned in the report are Fractal Analytics Ltd, Opera TYPEs LLC, ZS Associates, Inc., Tata Consultancy Services Ltd., Wipro Ltd., Genpact Ltd., Accenture, Capgemini, IBM Corporation, and Mu Sigma, Inc.
By Industry Vertical
5.4 RISK AND FINANCIAL ANALYTICS
5.5 supply chain ANALYTICS
9.10 mu sigma inc.