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Data Analytics Outsourcing Market Size, Share & Trends Analysis Report By Industry (BFSI, IT & Telecom, Manufacturing, Healthcare, Retail & E-commerce, and Others), By Application, By Regional Outlook and Forecast, 2024 - 2031

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    Report

  • 229 Pages
  • August 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6004147
The Global Data Analytics Outsourcing Market size is expected to reach $125.5 billion by 2031, rising at a market growth of 35.0% CAGR during the forecast period.

Effective supply chain management requires real-time insights into inventory levels, supplier performance, and logistics. Outsourcing helps manufacturers comprehensively view their supply chain, leading to better coordination and reduced disruptions. Manufacturers seek to optimize production processes to enhance efficiency, reduce downtime, and minimize waste. Outsourcing allows access to specialized analytics to identify process inefficiencies, predict maintenance needs, and improve overall operational performance. Thus, the manufacturing segment acquired 15% revenue share in the data analytics outsourcing market in 2023.



Service providers often have expertise in the latest analytical methods, machine learning, and big data technologies, enabling organizations to leverage these capabilities without investing heavily in training or technology. In conclusion, exponential data volume and complexity growth drive the market's growth.

Additionally, Outsourcing provides the necessary support to ensure real-time data insights are consistently available and actionable. Thus, the rising demand for real-time data analytics and decision-making propels the market's growth.

Data migration issues such as data loss, corruption, or transformation errors can affect the quality and reliability of analytics results. Integrating external analytics solutions into existing business processes can disrupt established workflows. Organizations may need to adjust their internal processes to accommodate the new system, which can lead to temporary inefficiencies or resistance from staff. Therefore, integration difficulties with in-house systems and processes hinder the market's growth.



The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.

Driving and Restraining Factors

Drivers

  • Exponential growth in data volume and complexity
  • Rising demand for real-time data analytics and decision-making
  • Accelerated digital transformation initiatives across industries

Restraints

  • Concerns over data security and confidentiality risks
  • Integration difficulties with in-house systems and processes

Opportunities

  • Analytics for autonomous systems and robotics
  • Exploration of analytics in quantum computing

Challenges

  • Potential for misalignment with business objectives and needs
  • Challenges in maintaining data consistency

Application Outlook

Based on application, the market is divided into marketing analytics, financial analytics, HR analytics, supply chain analytics, sales analytics, and others. In 2023, the HR analytics segment held 15% revenue share in the market. Outsourcing HR analytics allows HR departments to focus on core activities such as employee relations, recruitment, and strategic planning while relying on external experts for complex data analysis and reporting.



Industry Outlook

On the basis of industry, the market is segmented into BFSI, IT & telecom, manufacturing, healthcare, retail & e-commerce, and others. In 2023, the IT & telecom segment attained 25% revenue share in the data analytics outsourcing market. IT and telecom companies often operate globally and require insights into international markets and regional trends.

Regional Outlook

Region-wise, the data analytics outsourcing market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Europe region generated 30% revenue share in the data analytics outsourcing market. European businesses are increasingly focused on digital transformation, which includes adopting advanced data analytics to drive innovation and improve operational efficiency.

List of Key Companies Profiled

  • Accenture PLC
  • IBM Corporation
  • Infosys Limited
  • Wipro Limited
  • Capgemini SE
  • Deloitte Touche Tohmatsu Limited
  • Pricewaterhousecoopers LLP (PwC)
  • Cognizant Technology Solutions Corporation
  • Genpact Limited
  • ZS Associates

Market Report Segmentation

By Industry

  • BFSI
  • IT & Telecom
  • Manufacturing
  • Healthcare
  • Retail & E-commerce
  • Others

By Application

  • Marketing Analytics
  • Financial Analytics
  • HR Analytics
  • Supply Chain Analytics
  • Sales Analytics
  • Others

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Data Analytics Outsourcing Market, by Industry
1.4.2 Global Data Analytics Outsourcing Market, by Application
1.4.3 Global Data Analytics Outsourcing Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2023
4.2 Porter Five Forces Analysis
Chapter 5. Global Data Analytics Outsourcing Market by Industry
5.1 Global BFSI Market by Region
5.2 Global IT & Telecom Market by Region
5.3 Global Manufacturing Market by Region
5.4 Global Healthcare Market by Region
5.5 Global Retail & E-commerce Market by Region
5.6 Global Others Market by Region
Chapter 6. Global Data Analytics Outsourcing Market by Application
6.1 Global Marketing Analytics Market by Region
6.2 Global Financial Analytics Market by Region
6.3 Global HR Analytics Market by Region
6.4 Global Supply Chain Analytics Market by Region
6.5 Global Sales Analytics Market by Region
6.6 Global Others Market by Region
Chapter 7. Global Data Analytics Outsourcing Market by Region
7.1 North America Data Analytics Outsourcing Market
7.1.1 North America Data Analytics Outsourcing Market by Industry
7.1.1.1 North America BFSI Market by Country
7.1.1.2 North America IT & Telecom Market by Country
7.1.1.3 North America Manufacturing Market by Country
7.1.1.4 North America Healthcare Market by Country
7.1.1.5 North America Retail & E-commerce Market by Country
7.1.1.6 North America Others Market by Country
7.1.2 North America Data Analytics Outsourcing Market by Application
7.1.2.1 North America Marketing Analytics Market by Country
7.1.2.2 North America Financial Analytics Market by Country
7.1.2.3 North America HR Analytics Market by Country
7.1.2.4 North America Supply Chain Analytics Market by Country
7.1.2.5 North America Sales Analytics Market by Country
7.1.2.6 North America Others Market by Country
7.1.3 North America Data Analytics Outsourcing Market by Country
7.1.3.1 US Data Analytics Outsourcing Market
7.1.3.1.1 US Data Analytics Outsourcing Market by Industry
7.1.3.1.2 US Data Analytics Outsourcing Market by Application
7.1.3.2 Canada Data Analytics Outsourcing Market
7.1.3.2.1 Canada Data Analytics Outsourcing Market by Industry
7.1.3.2.2 Canada Data Analytics Outsourcing Market by Application
7.1.3.3 Mexico Data Analytics Outsourcing Market
7.1.3.3.1 Mexico Data Analytics Outsourcing Market by Industry
7.1.3.3.2 Mexico Data Analytics Outsourcing Market by Application
7.1.3.4 Rest of North America Data Analytics Outsourcing Market
7.1.3.4.1 Rest of North America Data Analytics Outsourcing Market by Industry
7.1.3.4.2 Rest of North America Data Analytics Outsourcing Market by Application
7.2 Europe Data Analytics Outsourcing Market
7.2.1 Europe Data Analytics Outsourcing Market by Industry
7.2.1.1 Europe BFSI Market by Country
7.2.1.2 Europe IT & Telecom Market by Country
7.2.1.3 Europe Manufacturing Market by Country
7.2.1.4 Europe Healthcare Market by Country
7.2.1.5 Europe Retail & E-commerce Market by Country
7.2.1.6 Europe Others Market by Country
7.2.2 Europe Data Analytics Outsourcing Market by Application
7.2.2.1 Europe Marketing Analytics Market by Country
7.2.2.2 Europe Financial Analytics Market by Country
7.2.2.3 Europe HR Analytics Market by Country
7.2.2.4 Europe Supply Chain Analytics Market by Country
7.2.2.5 Europe Sales Analytics Market by Country
7.2.2.6 Europe Others Market by Country
7.2.3 Europe Data Analytics Outsourcing Market by Country
7.2.3.1 Germany Data Analytics Outsourcing Market
7.2.3.1.1 Germany Data Analytics Outsourcing Market by Industry
7.2.3.1.2 Germany Data Analytics Outsourcing Market by Application
7.2.3.2 UK Data Analytics Outsourcing Market
7.2.3.2.1 UK Data Analytics Outsourcing Market by Industry
7.2.3.2.2 UK Data Analytics Outsourcing Market by Application
7.2.3.3 France Data Analytics Outsourcing Market
7.2.3.3.1 France Data Analytics Outsourcing Market by Industry
7.2.3.3.2 France Data Analytics Outsourcing Market by Application
7.2.3.4 Russia Data Analytics Outsourcing Market
7.2.3.4.1 Russia Data Analytics Outsourcing Market by Industry
7.2.3.4.2 Russia Data Analytics Outsourcing Market by Application
7.2.3.5 Spain Data Analytics Outsourcing Market
7.2.3.5.1 Spain Data Analytics Outsourcing Market by Industry
7.2.3.5.2 Spain Data Analytics Outsourcing Market by Application
7.2.3.6 Italy Data Analytics Outsourcing Market
7.2.3.6.1 Italy Data Analytics Outsourcing Market by Industry
7.2.3.6.2 Italy Data Analytics Outsourcing Market by Application
7.2.3.7 Rest of Europe Data Analytics Outsourcing Market
7.2.3.7.1 Rest of Europe Data Analytics Outsourcing Market by Industry
7.2.3.7.2 Rest of Europe Data Analytics Outsourcing Market by Application
7.3 Asia Pacific Data Analytics Outsourcing Market
7.3.1 Asia Pacific Data Analytics Outsourcing Market by Industry
7.3.1.1 Asia Pacific BFSI Market by Country
7.3.1.2 Asia Pacific IT & Telecom Market by Country
7.3.1.3 Asia Pacific Manufacturing Market by Country
7.3.1.4 Asia Pacific Healthcare Market by Country
7.3.1.5 Asia Pacific Retail & E-commerce Market by Country
7.3.1.6 Asia Pacific Others Market by Country
7.3.2 Asia Pacific Data Analytics Outsourcing Market by Application
7.3.2.1 Asia Pacific Marketing Analytics Market by Country
7.3.2.2 Asia Pacific Financial Analytics Market by Country
7.3.2.3 Asia Pacific HR Analytics Market by Country
7.3.2.4 Asia Pacific Supply Chain Analytics Market by Country
7.3.2.5 Asia Pacific Sales Analytics Market by Country
7.3.2.6 Asia Pacific Others Market by Country
7.3.3 Asia Pacific Data Analytics Outsourcing Market by Country
7.3.3.1 China Data Analytics Outsourcing Market
7.3.3.1.1 China Data Analytics Outsourcing Market by Industry
7.3.3.1.2 China Data Analytics Outsourcing Market by Application
7.3.3.2 Japan Data Analytics Outsourcing Market
7.3.3.2.1 Japan Data Analytics Outsourcing Market by Industry
7.3.3.2.2 Japan Data Analytics Outsourcing Market by Application
7.3.3.3 India Data Analytics Outsourcing Market
7.3.3.3.1 India Data Analytics Outsourcing Market by Industry
7.3.3.3.2 India Data Analytics Outsourcing Market by Application
7.3.3.4 South Korea Data Analytics Outsourcing Market
7.3.3.4.1 South Korea Data Analytics Outsourcing Market by Industry
7.3.3.4.2 South Korea Data Analytics Outsourcing Market by Application
7.3.3.5 Australia Data Analytics Outsourcing Market
7.3.3.5.1 Australia Data Analytics Outsourcing Market by Industry
7.3.3.5.2 Australia Data Analytics Outsourcing Market by Application
7.3.3.6 Malaysia Data Analytics Outsourcing Market
7.3.3.6.1 Malaysia Data Analytics Outsourcing Market by Industry
7.3.3.6.2 Malaysia Data Analytics Outsourcing Market by Application
7.3.3.7 Rest of Asia Pacific Data Analytics Outsourcing Market
7.3.3.7.1 Rest of Asia Pacific Data Analytics Outsourcing Market by Industry
7.3.3.7.2 Rest of Asia Pacific Data Analytics Outsourcing Market by Application
7.4 LAMEA Data Analytics Outsourcing Market
7.4.1 LAMEA Data Analytics Outsourcing Market by Industry
7.4.1.1 LAMEA BFSI Market by Country
7.4.1.2 LAMEA IT & Telecom Market by Country
7.4.1.3 LAMEA Manufacturing Market by Country
7.4.1.4 LAMEA Healthcare Market by Country
7.4.1.5 LAMEA Retail & E-commerce Market by Country
7.4.1.6 LAMEA Others Market by Country
7.4.2 LAMEA Data Analytics Outsourcing Market by Application
7.4.2.1 LAMEA Marketing Analytics Market by Country
7.4.2.2 LAMEA Financial Analytics Market by Country
7.4.2.3 LAMEA HR Analytics Market by Country
7.4.2.4 LAMEA Supply Chain Analytics Market by Country
7.4.2.5 LAMEA Sales Analytics Market by Country
7.4.2.6 LAMEA Others Market by Country
7.4.3 LAMEA Data Analytics Outsourcing Market by Country
7.4.3.1 Brazil Data Analytics Outsourcing Market
7.4.3.1.1 Brazil Data Analytics Outsourcing Market by Industry
7.4.3.1.2 Brazil Data Analytics Outsourcing Market by Application
7.4.3.2 Argentina Data Analytics Outsourcing Market
7.4.3.2.1 Argentina Data Analytics Outsourcing Market by Industry
7.4.3.2.2 Argentina Data Analytics Outsourcing Market by Application
7.4.3.3 UAE Data Analytics Outsourcing Market
7.4.3.3.1 UAE Data Analytics Outsourcing Market by Industry
7.4.3.3.2 UAE Data Analytics Outsourcing Market by Application
7.4.3.4 Saudi Arabia Data Analytics Outsourcing Market
7.4.3.4.1 Saudi Arabia Data Analytics Outsourcing Market by Industry
7.4.3.4.2 Saudi Arabia Data Analytics Outsourcing Market by Application
7.4.3.5 South Africa Data Analytics Outsourcing Market
7.4.3.5.1 South Africa Data Analytics Outsourcing Market by Industry
7.4.3.5.2 South Africa Data Analytics Outsourcing Market by Application
7.4.3.6 Nigeria Data Analytics Outsourcing Market
7.4.3.6.1 Nigeria Data Analytics Outsourcing Market by Industry
7.4.3.6.2 Nigeria Data Analytics Outsourcing Market by Application
7.4.3.7 Rest of LAMEA Data Analytics Outsourcing Market
7.4.3.7.1 Rest of LAMEA Data Analytics Outsourcing Market by Industry
7.4.3.7.2 Rest of LAMEA Data Analytics Outsourcing Market by Application
Chapter 8. Company Profiles
8.1 Genpact Limited
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.2 ZS Associates
8.2.1 Company Overview
8.3 Accenture PLC
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments
8.3.5.1 Acquisition and Mergers
8.3.6 SWOT Analysis
8.4 Deloitte Touche Tohmatsu Limited
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 SWOT Analysis
8.5 Pricewaterhousecoopers LLP (PwC)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 SWOT Analysis
8.6 IBM Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional & Segmental Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments
8.6.5.1 Partnerships, Collaborations, and Agreements
8.6.6 SWOT Analysis
8.7 Infosys Limited
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments
8.7.5.1 Partnerships, Collaborations, and Agreements
8.7.6 SWOT Analysis
8.8 Wipro Limited
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 SWOT Analysis
8.9 Capgemini SE
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Recent strategies and developments
8.9.4.1 Acquisition and Mergers
8.9.5 SWOT Analysis
8.10. Cognizant Technology Solutions Corporation
8.10.1 Company overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 SWOT Analysis
Chapter 9. Winning Imperatives for Data Analytics Outsourcing Market

Companies Mentioned

  • Accenture PLC
  • IBM Corporation
  • Infosys Limited
  • Wipro Limited
  • Capgemini SE
  • Deloitte Touche Tohmatsu Limited
  • Pricewaterhousecoopers LLP (PwC)
  • Cognizant Technology Solutions Corporation
  • Genpact Limited
  • ZS Associates

Methodology

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