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Global Data Analytics Outsourcing Market 2017-2021

  • Published: Jul 2017
  • Pages: 66
  • SKU: IRTNTR12844
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This industry research report identifies Accenture, Capgemini, Fractal Analytics, TCS, Wipro, and ZS as the key vendors in the global data analytics outsourcing market. This industry research report also presents a competitive analysis of the global data analytics outsourcing market worth by end user (manufacturing and retail, BFSI, healthcare, and telecom) and by geography (the Americas, APAC, and EMEA).

Global data analytics outsourcing market overview

Market research analysts at Technavio predict that the global data analytics outsourcing market share will grow at a CAGR of more than 30% by 2021. This market research analysis identifies the exponential growth in data as one of the primary factors that will have a positive impact on the growth of the data analytics outsourcing market. Data analytics outsourcing eliminates irrelevant data that incurs unnecessary expenses and also eliminates data that provides incorrect information on consumer behavior and buying pattern. The services transform unstructured and semi-structured data into meaningful business insights and provides accurate data.

According to the global data analytics outsourcing market forecast report, the organizations are increasingly adopting advanced analytics as since this collates data from numerous sources and derives insights into consumer behavior that help companies in improving operational efficiency. Additionally, enterprises are also increasingly adopting predictive analytics since it generates the possible business scenarios to provide insights into the future of any project. Predictive analytics tools support the changing business dynamics like consumer demand, market strategy changes, and disruptions in the business cycle.

Competitive landscape and key vendors

The market is highly competitive and fragmented due to the presence of several large and small vendors. The vendor competition in this marketspace will intensify in the coming years since the key vendors are focusing on expanding their product portfolios and are engaging in M&As to consolidate their market share. To gain a competitive advantage, the vendors are focusing on implementing efficient data analytics solutions, increasing global delivery capabilities, helping clients address opportunities and risks, and also on differentiating their products from their competitors.

The leading vendors in the market are -

  • Accenture
  • Capgemini
  • Fractal Analytics
  • TCS
  • Wipro
  • ZS

The other prominent vendors in the market are Cognizant, Evalueserve, EXL Service (EXL), Genpact, Gramener, HPE, IBM, Infosys, Latentview (LatentView Analytics), and WNS Global.

Segmentation by end user and the data analytics outsourcing market analysis

  • Manufacturing and retail
  • Banking, financial services, and insurance (BFSI)
  • Healthcare
  • Telecom

The manufacturing and retail segment primarily uses data analytics services and IoT services to enhance their business’ productivity. As per the global data analytics outsourcing industry report, the implementation of data analytics in the manufacturing and retail segment increases the production efficiency, minimizes risk, and helps in attaining a competitive advantage.

Geographical segmentation and the data analytics outsourcing market analysis

  • Americas
  • APAC
  • EMEA

Major organizations in the Americas make use of data analytics services to analyze unstructured data and derive meaningful insights that are crucial for the decision-making process. The wide pool of data generated through smart connected devices and industrial Internet of Things (IoT) is synthesized using end-to-end analytical tools. This market research analysis predicts that in terms of geography, the Americas will account for the major shares of this global market during the next few years.

Key questions answered in the report include

  • What will the data analytics outsourcing market size and the growth rate be in 2021?
  • What are the key factors driving the global data analytics outsourcing market?
  • What are the key data analytics outsourcing market trends impacting the growth ?
  • What are the challenges to the global data analytics outsourcing market growth?
  • Who are the key vendors in the global data analytics outsourcing market?
  • What are the market opportunities and threats faced by the vendors in the global data analytics outsourcing market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global data analytics outsourcing market?

Technavio also offers customization on reports based on specific client requirement.

 

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market overview
  • Market size and forecast

PART 06: Market segmentation by end-user

PART 07: Geographical segmentation

  • Americas
  • EMEA
  • APAC

PART 08: Decision framework

PART 09: Drivers and challenges

  • Market drivers
  • Market challenges

PART 10: Market trends

  • Emergence of BPaaS
  • Evolution of AI
  • Increased adoption of SaaS-based analytics
  • Growing popularity of advanced analytical tools
  • High adoption of mobile and social media analytics

PART 11: Vendor landscape

  • Competitive landscape
  • Five forces analysis

PART 12: Key vendor profile

  • Accenture
  • Capgemini
  • Fractal Analytics
  • TCS
  • Wipro
  • ZS (ZS Associates)
  • Other prominent vendors

PART 13: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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