IMARC Group, a leading market research company, has recently released a report titled “Data Analytics Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global data analytics outsourcing market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Data Analytics Outsourcing Market?

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.

What are a Data Analytics Outsourcing System?

Data analytics outsourcing is a rapidly growing sector where businesses delegate their data analysis needs to specialized service providers. By leveraging the expertise of these external analysts, companies can gain insights into their operations, customer behavior, and market trends without the overhead of maintaining an in-house analytics team. This partnership allows for the efficient handling of large datasets and complex algorithms, leading to more informed decision-making and strategic planning. The security, confidentiality, and integrity of data are paramount in these services, ensuring clients' information is protected throughout the analysis process.

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What are the Growth Prospects and Trends in the Data Analytics Outsourcing Industry?

The proliferation of big data across various industries is serving as a catalyst for the data analytics outsourcing market. Additionally, the demand for advanced analytics techniques and the need to gain a competitive edge are significant growth-inducing factors. Moreover, technological advancements in data storage, processing, and analysis are transforming the outsourcing landscape, enabling the provision of more sophisticated and cost-effective services. Enterprises are increasingly acknowledging the importance of data-driven strategies and are investing in outsourcing services that offer enhanced analytics capabilities, including predictive modelling, artificial intelligence, and machine learning. I

n line with this, the drive for innovation is leading to more specialized and tailored services, providing businesses with the agility to respond to dynamic market conditions. Moreover, the shift towards cloud-based analytics platforms is facilitating the accessibility and scalability of services, allowing for the swift expansion of outsourcing opportunities. This transition is also fostering collaborations between data analytics firms and their clients, streamlining workflows and data sharing processes. The outsourcing industry is therefore seeing a surge in partnerships with organizations seeking to optimize their operations and enhance their analytical proficiencies, which, in turn, is amplifying the market's growth trajectory.            

Who are the Key Players Operating in the Data Analytics Outsourcing Market?

The report has also analysed the competitive landscape of the market with some of the key players.

• Accenture
• Capgemini
• Fractal Analytics Inc.
• Genpact Ltd.
• Infosys Ltd.
• IBM
• Mu Sigma Inc.?
• Electrifai LLC
• Tata Consultancy Services Ltd.
• Trianz
• Wipro
• ZS Associates Inc.

What is Included in Market Segmentation?

The 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

Regional Analysis:

• North America
• Asia-Pacific
• Europe 
• Latin America
• Middle East and Africa

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Key Highlights of The Report:                    

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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