Data Analytics Outsourcing Market Set to Grow at an Impressive CAGR of 29.4% through 2026

ALBANY, USA, 2018-Jun-19 — /EPR Network/ —A new detailed study titled “Data Analytics Outsourcing Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” has recently been submitted to the repository of Market Research Reports Search Engine (MRRSE). The data analytics outsourcing market is likely to grow at an impressive CAGR of over 29% during the forecast period 2018-2026.

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According to the study, the data analytics outsourcing market is likely to be driven by growing adoption of data analytics services around the globe. Data analytics have emerged as a key component of business operations, notably planning and strategy making. The high cost of in-house data analytics has meant that many companies outsourcing data analytics to vendors that offer cost-effective deals.

The report segments the global data analytics outsourcing market into industry, application and region. The industry segment is further divided into manufacturing, BFSI, retail, IT and telecom, education, healthcare, media & entertainment, consumer packaged goods, energy & utilities and others. According to the study, BFSI is likely to remain one of the leading end-users for data analytics outsourcing market globally.

The application segment is sub-segmented into fraud detection and risk management, marketing analytics, supply chain analytics, advisory services, sales Analytics, Process Optimization, Device Security Solutions and others. The device security solutions is bifurcated into Identity Management and Access Management.

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Geographically, the market is divided into key regions globally which are North America, South America, Europe, Middle East & Africa and Asia Pacific. North America continues to be one of the leading markets for data analytics outsourcing globally. The market is dominated by the US, whereas Canada accounts for a minuscule percentage of revenue share. The US is likely to remain one of the leading markets for data analytics outsourcing throughout the forecast period.

In addition to the US, Asia Pacific excluding Japan (APEJ) is likely to emerge as a lucrative market for data analytics outsourcing. The market in APEJ is likely to remain concentrated in China, India, and ASEAN, owing to the presence of a high number of vendors in the region.

The report profiles some of the leading players operating in the market. Some of these players are Wipro Ltd.,  Capgemini, Tata Consultancy Services Ltd., ZS Associates, Inc., ThreatMetrix, Sap SE, Opera Solutions LLC,  Mu Sigma, Inc., RSA Security LLC, IBM Corporation, Genpact Ltd., Infosys Ltd., Fractal Analytics Ltd. and Accenture. The product and business strategies of some of the leading players in the data analytics outsourcing market have been discussed in detail in the report.

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