Data Analytics Outsourcing Market 2022 Share, Trend, Segmentation and Forecast to 2028 – Company
Summary
According to Fusion Market Research (FMR), the global data analytics outsourcing market is worth $5,811.94 million in 2021 and is projected to reach $53,568.88 million by 2028, with a CAGR of 32.0% over the forecast period. Huge acceptance of mobile devices and social media and huge investments in data analytics by organizations are major factors driving the growth of the market. However, the lack of availability of data scientists worldwide and personal data privacy concerns and data security issues are hampering the market.
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Data analytics outsourcing represents the outsourcing of data and statistical research, adding to the purpose of IT resources for useful decision-making and complex business solutions to third-party marketers. Data analytics tools enable organizations to make better decisions, increase efficiency, reduce operational costs, provide personalized offers and improve customer services.
By end-user, the banking, financial services and insurance (BFSI) segment is witnessing considerable market growth, owing to the increase in transactional data and the growing need to implement risk analytics solution and fraud. Additionally, the growing incidences of money laundering and fraud have encouraged players in the BFSI industry to adopt data analytics outsourcing solutions.
Based on geography, North America is dominating the market over the forecast period, owing to the growing adoption of superior digital technologies by end users in the region, resulting in the generation of large volumes of data . Furthermore, the increasing amount of data from several branches including production, purchasing, sales & marketing, and human resources is expected to drive the demand for data analytics outsourcing in the region.
Some of the key players profiled in the data analytics outsourcing market include Aggregate Industries, Ashtech (India) Pvt. Ltd., BASF PLC, Boral Ltd, Cement Australia Pty Limited, Cemex SAB De CV, Charah, LLC, Duromar, Inc, LafargeHolcim Ltd., Salt River Materials Group, Separation Technologies LLC by Titan America LLC, Tarmac Holdings Limited, Titan America LLC., WM Intellectual Property Holdings, LLC.
Types Covered:
• Analysis of customer relationship management (CRM)
• Supply chain analysis
• Risk analysis
• Financial analysis
End users covered:
• Bank, Financial Services and Insurance (BFSI)
• Advice
• Consumer packaged goods
• Education
• Energy and utilities
• Health care
• IT & Telecom
• Manufacturing
• Media and Entertainment
• Professional services
• Retail
Regions covered:
• North America
o United States
o Canada
o Mexico
• Europe
o Germany
o United Kingdom
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia-Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East and Africa
o Saudi Arabia
o WATER
oQatar
o South Africa
o Rest of the Middle East and Africa
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What our report offers:
– Market share assessments for regional and country segments
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– Covers market data for the years 2019, 2020, 2021, 2025 and 2028
– Market trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities and Recommendations)
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– Company profiling with detailed strategies, financials and recent developments
– Supply chain trends mapping the latest technological advancements
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