Data Analytics Outsourcing Market Share, Size Status and Forecast Analysis 2020-2023 - Industry Growth, Trend, Statistics, Competition Strategies, Application, Region and Analysis 2023

Global "Data Analytics Outsourcing" Market report (2020- 2023) objectives is to provide in-depth information about Data Analytics Outsourcing industry with market outlook, key trends, business plans, future prospect of industry. It comprehends market new product analysis, financial overview, strategies and marketing trends. Data Analytics Outsourcing market report also offers an overview of revenue, sales, product demand, and supply of data, cost, and growth analysis during the forecast year. It also studies the current market status with future trends that can affect the market growth rate and covers the major growth prospect over the forthcoming years.

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Top Manufacturers Listed in the Data Analytics Outsourcing Market Report are:
o Accenture PLC
o Capgemini SE
o Cognizant Technology Solutions Corp.
o Fractal Analytics Inc.
o Genpact Ltd
o Gramener
o IBM Corporation
o Infosys Ltd
o Mu Sigma Inc.
o Opera Solutions
o LLC
o Tata Consultancy Services Ltd
o Wipro Ltd
o WNS Global Services Private Limited
o ZS Associates
o Inc.

The data analytics outsourcing market was valued at USD 1.90 billion in 2019, and is expected to reach USD 6.07 billion by 2023 at a CAGR of 21.35% during the forecast period of 2018 - 2023. The data analytics outsourcing market has been segmented based on type into business analytics, CRM analytics, supply chain analytics, risk analytics, location analytics, financial analytics, and web analytics. The end-user industries are limited to aviation, agriculture, automotive, manufacturing & retail, BFSI, healthcare, and telecom. The regional landscape of the report includes North America, Europe, Asia-Pacific, and Rest of the World.
High Growth Rate of Data is Driving the Market
The number of smartphones has been increasing for the past 5-6 years; this means that a huge amount of data in the form of text and voice data is generated, which presents a massive opportunity for the telecom industry to generate insights from it. Not only has the number of smartphones increased but the time an individual spends on it has also increased. In the US, a smartphone user on an average spends 4.7 hours on his phone; this could help in the analysis to generate personalized content. Such huge volume of data and outsourcing data to third parties has a great return on investment and the analysis of such data is useful for developing business, thus driving the data analytics outsourcing market during the forecast period.
Retail Has a Major Market Share
Smartphone growth is also contributing to the increase in e-commerce, which is driving the analytics industry. Increase in e-commerce sales and companies has been significant and is expected to increase even more. With many companies coming up, the competitive landscape is driving the companies to acquire analytics for competitive advantage. The primary benefactors are marketing analytics companies, as e-commerce companies are trying to acquire as many customers as possible by providing customized solutions/ products.
Asia Pacific Occupies a Major Share amongst Other Regions
India comes out as the leader with about 70% of the market, as retail and manufacturing are the majorly outsourced end-user verticals due to exhaustive use of marketing analytics. Most of the revenue is being generated from North America.
Key Recent Developments
o December 2019: Accenture has signed consulting and outsourcing agreements with Shionogi & Co., Ltd and its subsidiary company, Shionogi Digital Science Co., Ltd to help Shionogi with its digital transformation initiative.
As part of the agreement, Accenture will help Shionogi develop the IT strategy and roadmap for its digital transformation initiative as the company accelerates its investments in cyber security, cloud, and other digital technologies, which Accenture refers to as "New IT." Also, Accenture will help Shionogi enhance the digital talent and capabilities of its IT division through a knowledge-transfer program and help Shionogi accelerate the digitalization of its business and enhance its data utilization capabilities.

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Regional Segmentation Includes:
- United States
- Europe
- China
- Japan
- South Korea
- Other Regions
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- The report analyses how the shift towards safety will drive the global automotive anti-lock braking system market size and Share.
- Analyzing various perspectives of the market with the help of Porter's five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest Data Analytics Outsourcing Market growth during the forecast period.
- Identify the latest developments, Data Analytics Outsourcing market shares and strategies employed by the major market players.

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Major Points from Table of Contents:
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Factors Driving the Market
4.2.1 Decrease in Cost of Data Storage Solutions
4.2.2 Popularity of Internet of Things
4.2.3 Increase in Investments in Social Anlytics and Real-time Analytics
4.2.4 Use of Data Analytics Service Leading to Cost Reduction & Efficiency
4.3 Factors Restraining the Market
4.3.1 Data Security Issues
4.3.2 Limited Availability of Skilled Workforce
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products or Services
4.4.5 Competitive Rivalry among Existing Competitors
5. Global Data Analytics Outsourcing Market Segmentation
5.1 By Type
5.1.1 Descriptive
5.1.2 Prescriptive
5.1.3 Predictive
5.2 By Application
5.2.1 Sales Analytics
5.2.2 Marketing Analytics
5.2.3 Supply Chain Analytics
5.2.4 Risk & Financial Analytics
5.3 By End User
5.3.1 BFSI
5.3.2 Telecom
5.3.3 Retail
5.3.4 Healthcare
5.3.5 Media & Entertainment
5.3.6 Others
5.4 By Region
5.4.1 North America
5.4.1.1 US
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 France
5.4.2.2 Germany
5.4.2.3 UK
5.4.2.4 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 India
5.4.3.2 Japan
5.4.3.3 South Korea
5.4.3.4 Rest of Asia-Pacific
5.4.4 Latin America
5.4.4.1 Argentina
5.4.4.2 Brazil
5.4.4.3 Mexico
5.4.4.4 Rest of Latin America
5.4.5 Middle East & Africa
5.4.5.1 Saudi Arabia
5.4.5.2 South Africa
5.4.5.3 United Arab Emirates
5.4.5.4 Rest of Middle East & Africa
6. Competitive Intelligence - Company Profiles
6.1 Accenture PLC
6.2 Capgemini SE
6.3 Cognizant Technology Solutions Corp.
6.4 Fractal Analytics Inc.
6.5 Genpact Ltd
6.6 Gramener
6.7 IBM Corporation
6.8 Infosys Ltd
6.9 Mu Sigma Inc.
6.10 Opera Solutions, LLC
6.11 Tata Consultancy Services Ltd
6.12 Wipro Ltd
6.13 WNS Global Services Private Limited
6.14 ZS Associates, Inc.
*List not Exhaustive
7. Investment Analysis
8. Outlook of Data Analytics Outsourcing Market
9. Disclaimer

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