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With $19.36 Billion Data Analytics Outsourcing Market is hitting 25.8% of CAGR by 2027 - Infosys Limited, Mu Sigma, Tata Consultancy Services, Wipro Limited, WNS

01-31-2020 06:14 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

The Insight Partners

The Insight Partners

Global data analytics outsourcing market is predicted to emerge at a CAGR of 25.8% during the forecast period 2019 - 2027 which will account to US$ 19.36 Billion, valued at US$ 2.49 Billion in 2018

Analytics outsourcing in the coming years is projected, to include a wide range of areas. Fraud analytics in the field of retail banking, cloud-based business analytics, customer analytics for the energy and utility sector (smart metering) and analytics from social network data mining are projected to become the emerging trends in the data analytics outsourcing market.

Data Analytics Outsourcing Market to 2027 - Global Analysis and Forecasts by Type (Descriptive Data Analytics, Predictive Data Analytics, and Prescriptive Data Analytics); Application (Sales Analytics, Marketing Analytics, Risk & Finance Analytics, and Supply Chain Analytics); and End-user (BFSI, Healthcare, Retail, Manufacturing, Telecom, and Media & Entertainment)

Get Sample PDF Copy at https://www.theinsightpartners.com/sample/TIPTE100001359?OpenPR+10051

Data Analytics Outsourcing Market Strategic Insights & Industry Developments:

The companies in the value chain of the data analytics outsourcing market are actively adopting skills and investing in procurement of advanced analytics capabilities by extending their partnership with analytical platform providers. For instance, WNS announced its partnership with Portrix Logistic Software GmbH (PLS), logistics IT solutions provider in Germany. Under the partnership, WNS and PLS will work together to offer their Global Price Management (GPM) solutions to freight forwarders and shippers, which will help them to enhance outcomes. Few of the recent developments are listed below:

2019: Infosys announced its plan to expand its footprint in Japan and formed its joint venture with Hitachi, Panasonic, and Pasona to build solutions that use digital technology platforms to improve indirect procurement.

2018: Wipro entered into a partnership with Lone Star. The partnership between two companies enables Lone Star's analytic services to improve the IIoT platform of Wipro. This integration would help to predict the future results within a real-time and also turn the knowledge into action.

2017: WNS announced its partnership with Portrix Logistic Software GmbH (PLS), logistics IT solutions provider in Germany. Under the partnership, WNS and PLS will work together to offer their Global Price Management (GPM) solutions to freight forwarders and shippers, which will help them to enhance outcomes.

Prescriptive Data Analytics market to witness the highest CAGR growth:
Prescriptive analytics is relatively a new analytics field that enables users to "prescribe" numerous different probable actions to and advise them towards an effective solution. In general, prescriptive analytics provides guidance. It attempts to enumerate the consequence of future decisions to guide on probable outcomes before the decisions are taken. Prescriptive analytics outrun descriptive and predictive analytics by recommending one or more probable courses of action. Fundamentally they predict numerous futures and enable businesses to evaluate several potential outcomes based upon their activities. Prescriptive analytics is expected to witness the highest CAGR in the data analytics outsourcing market during the forecast period.

Global Data Analytics Outsourcing Market - By Type

- Descriptive Data Analytics
- Predictive Data Analytics
- Prescriptive Data Analytics

Global Data Analytics Outsourcing Market - By Application

- Sales Analytics
- Marketing Analytics
- Risk & Finance Analytics
- Supply Chain Analytics
- Others

Global Data Analytics Outsourcing Market - By End-user

- BFSI
- Healthcare
- Retail
- Manufacturing
- Telecom
- Media & Entertainment
- Others

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About Us - The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.

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