Global Data Analytics Outsourcing market will grow at a CAGR of 30.14% During 2015
Data analytics is the process that helps an organization to gain insights from large sets of data. It helps in comprehending the information hidden within the data and improve the business decision-making process. It provides insights about customer behaviour and market insights. Therefore, data analytics outsourcing is the process in which organizations employ service providers to perform analytics on their data. It increases organization’s efficiency and also helps it to strategize its future course.
One of the emerging trends in the market is the emergence of social analytics. Social analytics performs analysis based on consumer buying patterns and by collecting customer feedback. This will help in launching new products depending on customer needs, increasing the revenue of enterprises.
Data analytics outsourcing is the process in which organizations employ service providers to perform analytics on organization-wide data. This increases the organization’s efficiency and also helps it to strategize its decisions based on the outcome of data analysis.
Covered in this Report
The Data Analytics Outsourcing market can be segmented in five segments: BFSI, Retail and CPG, Healthcare, Telecom, and Manufacturing.
Global Data Analytics Outsourcing Market 2015-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the Global Data Analytics Outsourcing market landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in the market.
Expansion of data is one of the major drivers in this market. With the presence of a large amount of data, enterprises need data analytics to automatically track the performance and behavior of the information stored in their IT systems. In addition, they require data analytics to develop innovative business strategies and improve their overall operational efficiency.
The Key vendors in the market are Fractal Analytics Ltd., Tata Consultancy Services Ltd. (TCS), Wipro Ltd. and ZS Associates Inc.
“The Global Predictive Analysis market is expected to grow in the future. Several analytics service providers have started embedding predictive analysis with data analytics outsourcing offerings, which help businesses perform well and also allows service providers to increase their market share,”
To define the market conditions in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.