Need help finding what you are looking for?
Contact Us
PUBLISHER: IMARC | PRODUCT CODE: 1370379
PUBLISHER: IMARC | PRODUCT CODE: 1370379
Data Analytics Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
PUBLISHED:
PAGES: 141 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
Abstract
Market Overview:
The global data analytics outsourcing market size reached US$ 8.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 44.9 Billion by 2028, exhibiting a growth rate (CAGR) of 31.5% during 2023-2028.
Data analytics outsourcing refers to the utilization of third-party applications and organizations for analyzing data. These services are used to produce actionable insights from large quantities of data generated from artificial intelligence (AI), robotics process automation (RPA), connected devices and big data repositories. The insights are also generated by analyzing data patterns through various data science, data visualization and statistical research tools, which are further used for improving operational efficiency and revenues. Outsourcing data analytics services offer enhanced flexibility to organizations and enable them to use updated tools and services for their data. As a result, these services find extensive applications across various industries, including banking, financial services and insurance (BFSI), automotive, healthcare, retail, manufacturing and IT & telecommunications.
Rapid digitization, along with increasing utilization of cloud-computing services across the globe, is one of the key factors driving the growth of the market. Third-party data analytics organizations optimize and personalize the integration interface to improve business operations and enhance cost-efficiencies. Furthermore, the growing demand for specialized analytical tools is also driving the market growth. Various technological advancements, such as the integration of connected devices with the Internet of Things (IoT), along with the increasing adoption of data-driven decision-making practices, are acting as other growth-inducing factors. The data generated by social media platforms are interpreted by data analytics service providers and are utilized by organizations to understand user behaviors and market trends. Other factors, including significant growth in the online retail sector, along with the adoption of predictive data analytic systems, are expected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global data analytics outsourcing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, application, component and vertical.
Breakup by Type:
Descriptive
Predictive
Prescriptive
Breakup by Application:
Sales Analytics
Marketing Analytics
Finance and Risk Analytics
Supply Chain Analytics
Others
Breakup by Component:
Solutions
Services
Breakup by Vertical:
Retail
Automotive
Manufacturing
BFSI
IT and Telecom
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Accenture PLC, Capgemini Services SAS, Fractal Analytics Inc., Genpact Limited, Infosys Limited, International Business Machines (IBM) Corporation, Mu Sigma Inc., ElectrifAi LLC, Tata Consultancy Services Limited, Trianz Incorporated, Wipro Limited and ZS Associates Inc.
Key Questions Answered in This Report:
- How has the global data analytics outsourcing market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global data analytics outsourcing market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global data analytics outsourcing market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A2389
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Data Analytics Outsourcing Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Descriptive
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Predictive
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Prescriptive
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Sales Analytics
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Marketing Analytics
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Finance and Risk Analytics
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Supply Chain Analytics
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Component
- 8.1 Solutions
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Services
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Vertical
- 9.1 Retail
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Automotive
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Manufacturing
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 BFSI
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 IT and Telecom
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Others
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Accenture PLC
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 Capgemini Services SAS
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 Fractal Analytics Inc.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Genpact Ltd.
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 Infosys Ltd.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 International Business Machines (IBM) Corporation
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Mu Sigma Inc.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 Electrifai LLC
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Tata Consultancy Services Ltd.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Trianz Incorporated
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Wipro Limited
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
- 15.3.12 ZS Associates Inc.
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.1 Accenture PLC
Product Code: SR112023A2389
List of Figures
- Figure 1: Global: Data Analytics Outsourcing Market: Major Drivers and Challenges
- Figure 2: Global: Data Analytics Outsourcing Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Data Analytics Outsourcing Market: Breakup by Type (in %), 2022
- Figure 4: Global: Data Analytics Outsourcing Market: Breakup by Application (in %), 2022
- Figure 5: Global: Data Analytics Outsourcing Market: Breakup by Component (in %), 2022
- Figure 6: Global: Data Analytics Outsourcing Market: Breakup by Vertical (in %), 2022
- Figure 7: Global: Data Analytics Outsourcing Market: Breakup by Region (in %), 2022
- Figure 8: Global: Data Analytics Outsourcing Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 9: Global: Data Analytics Outsourcing (Descriptive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Data Analytics Outsourcing (Descriptive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Data Analytics Outsourcing (Predictive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Data Analytics Outsourcing (Predictive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Data Analytics Outsourcing (Prescriptive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Data Analytics Outsourcing (Prescriptive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Data Analytics Outsourcing (Sales Analytics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Data Analytics Outsourcing (Sales Analytics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Data Analytics Outsourcing (Marketing Analytics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Data Analytics Outsourcing (Marketing Analytics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Data Analytics Outsourcing (Finance and Risk Analytics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Data Analytics Outsourcing (Finance and Risk Analytics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Data Analytics Outsourcing (Supply Chain Analytics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Data Analytics Outsourcing (Supply Chain Analytics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Data Analytics Outsourcing (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Data Analytics Outsourcing (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Data Analytics Outsourcing (Solutions) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Data Analytics Outsourcing (Solutions) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Data Analytics Outsourcing (Services) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Data Analytics Outsourcing (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Data Analytics Outsourcing (Retail) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Data Analytics Outsourcing (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Data Analytics Outsourcing (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Data Analytics Outsourcing (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Data Analytics Outsourcing (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Data Analytics Outsourcing (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Data Analytics Outsourcing (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Data Analytics Outsourcing (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Global: Data Analytics Outsourcing (IT and Telecom) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Global: Data Analytics Outsourcing (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Global: Data Analytics Outsourcing (Other Verticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Global: Data Analytics Outsourcing (Other Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: North America: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: North America: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: United States: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: United States: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Canada: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Canada: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Asia Pacific: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Asia Pacific: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: China: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: China: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Japan: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Japan: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: India: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: India: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: South Korea: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: South Korea: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Australia: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Australia: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Indonesia: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Indonesia: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Others: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Others: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Europe: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Europe: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Germany: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Germany: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: France: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: France: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: United Kingdom: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: United Kingdom: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Italy: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Italy: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Spain: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Spain: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Russia: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Russia: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Others: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Others: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Latin America: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Latin America: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Brazil: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Brazil: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Mexico: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Mexico: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Others: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 86: Others: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 87: Middle East and Africa: Data Analytics Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 88: Middle East and Africa: Data Analytics Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 89: Global: Data Analytics Outsourcing Industry: SWOT Analysis
- Figure 90: Global: Data Analytics Outsourcing Industry: Value Chain Analysis
- Figure 91: Global: Data Analytics Outsourcing Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Data Analytics Outsourcing Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Data Analytics Outsourcing Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Data Analytics Outsourcing Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Data Analytics Outsourcing Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 5: Global: Data Analytics Outsourcing Market Forecast: Breakup by Vertical (in Million US$), 2023-2028
- Table 6: Global: Data Analytics Outsourcing Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Data Analytics Outsourcing Market Structure
- Table 8: Global: Data Analytics Outsourcing Market: Key Players
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.