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Global Data Analytics Outsourcing Market 2021 Production, Revenue, Price and Gross Margin Analysis with Forecasts

Data Analytics Outsourcing

Data Analytics Outsourcing Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Data Analytics Outsourcing market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Retail Industry to Dominate the Market

– Online retail is responsible for generating maximum volume of data. According to the most recent Shopping Index of Salesforce, e-commerce grew 17% in the third quarter in 2018, globally.
– Moreover, in the US, the Census Bureau reported that online commerce represented 9.6% of total retail and around 87% of the US shoppers began their hunt in digital channels, up from 71% the prior year.
– Personalizing the shopping experience means customers’ purchase history to be analyzed so that the retailer can provide recommendations. Due to the increasing number of shoppers, the data analytics companies are introducing new tools to ease the retailer’s pain of handling large number of customers.
– Kroger and Microsoft announced a collaboration in January 2019 to redefine the customer experience using Kroger Technology products powered by Microsoft Azure, the retailer’s preferred cloud platform for Retail as a Service (RaaS).

Asia-Pacific to Significantly Drive the Market Growth

– Due to population growth and a rise in e-commerce, Asia-Pacific is experiencing a surge in data generated from digital products and services.
– An emerging economy like India, which is facing increasing participation from foreign and private players, is predicted to generate revenue worth USD 60 billion in retail by 2020, according to IBEF. This increased revenue and demand for retail sales will generate more data requiring efficient managed services.
– New sources of data from log files, transaction information, sensor data social media metrics, present new opportunities for retail organizations to achieve competitive advantage in this region.

Market Overview:

  • The data analytics outsourcing market was valued at USD 2.50 billion in 2018, and is expected to reach USD 7 .79 billion by 2024 at a CAGR of 21.5% during the forecast period 2019-2024. Organizations find it time-consuming to manage the huge volume of data generated in a systematic manner. Thus, the demand for data analytics outsourcing vendors is increasing so that companies can take quick decisions.
  • – Increasing volume and variety of data being generated is the major driving factor for this industry. IBM estimates that 90% of the data in the world today has been created in the last two years. The data contains trends and insights which can be observed with the help of qualitative and quantitative methods provided by data analytics companies. The ability to make data-driven decisions is crucial to any business.
  • – However, the lack of skilled workforce is the factor hindering the market growth. In a report titled ‘The Future of Jobs 2018’, the World Economic Forum (WEF) said around 54 percent of the global workforce had to be re-skilled or up-skilled to work in disruptive and digital technologies spawning the virtual world. <

    Key Manufacturers Like 

  • Accenture PLC
  • Capgemini SE
  • Cognizant Technology Solutions Corp.
  • Genpact Ltd
  • Gramener
  • IBM Corporation
  • Infosys Ltd
  • Mu Sigma Inc.
  • Opera Solutions
  • LLC
  • Tata Consultancy Services Ltd
  • Wipro Ltd
  • WNS Global Services Private Limited
  • ZS Associates
  • Inc..

    Scope of the Report:

  • Data generated by companies is related to business, CRM, supply chain, finance and their website. Industries like aviation, agriculture, automotive, manufacturing, retail, telecom, healthcare and telecom are increasingly partnering with data analytics companies to manage their data while saving time and money. The reatilers are also experiencing increasing conversion rates through predictive analytics and targeted promotions provided with the help of dedicated data professionals.
  • Data Analytics Outsourcing market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Data Analytics Outsourcing market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Data Analytics Outsourcing market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Data Analytics Outsourcing market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Data Analytics Outsourcing market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Data Analytics Outsourcing ?
    • Who are Opportunities, Risk and Driving Force of Data Analytics Outsourcing market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Data Analytics Outsourcing space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Data Analytics Outsourcing market opportunities, market risk and market overview of the Market?

    Lastly, the Global Data Analytics Outsourcing Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Data Analytics Outsourcing Market Report:

    • To provide a detailed analysis of the market structure along with the Data Analytics Outsourcing market forecast of various segments and sub-segments of the Data Analytics Outsourcing market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Data Analytics Outsourcing market trends that influence the global Data Analytics Outsourcing market

    Detailed TOC of Data Analytics Outsourcing Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Volume and Variety of Data being Generated is the Major Driving Factor for this Industry
    4.4 Market Restraints
    4.4.1 Lack of Skilled Professionals
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Type
    5.1.1 Business Analytics
    5.1.2 CRM Analytics
    5.1.3 Supply Chain Analytics
    5.1.4 Risk Analytics
    5.1.5 Location Analytics
    5.1.6 Financial Analytics
    5.1.7 Web Analytics
    5.2 By End-user Industry
    5.2.1 Retail
    5.2.2 Agriculture
    5.2.3 Automotive
    5.2.4 Aviation
    5.2.5 Manufacturing
    5.2.6 BFSI
    5.2.7 Healthcare
    5.2.8 IT and Telecom
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States
    5.3.1.2 Canada
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 United Kingdom
    5.3.2.3 France
    5.3.2.4 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 Japan
    5.3.3.2 India
    5.3.3.3 China
    5.3.3.4 Rest of Asia-Pacific
    5.3.4 Latin America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Rest of Latin America
    5.3.5 Middle East & Africa
    5.3.5.1 UAE
    5.3.5.2 Saudi Arabia
    5.3.5.3 South Africa
    5.3.5.4 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Accenture PLC
    6.1.2 Capgemini SE
    6.1.3 Cognizant Technology Solutions Corp.
    6.1.4 Genpact Ltd
    6.1.5 Gramener
    6.1.6 IBM Corporation
    6.1.7 Infosys Ltd
    6.1.8 Mu Sigma Inc.
    6.1.9 Opera Solutions, LLC
    6.1.10 Tata Consultancy Services Ltd
    6.1.11 Wipro Ltd
    6.1.12 WNS Global Services Private Limited
    6.1.13 ZS Associates, Inc.

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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