A new market research report by Transparency Market Research on the global data analytics outsourcing market offers a detailed overview of the present scenario of the market and the various factors governing its future growth.
Albany, NY -- (SBWIRE) -- 07/06/2016 -- The report, titled "Data Analytics Outsourcing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024," projects the size and valuation of the global data analytics outsourcing market during the period between 2016 and 2024. The report studies the market on the basis of end-use sectors and regions. Profiles of some of the prominent players in the global data analytics outsourcing market have been included in the report.
In the present times, the vast amount of digital data generated needs to be filtered out to let companies gain interesting insights about the priorities of consumers and accordingly implement business strategies to increase revenue. The study of business data to gain actionable insights and to streamline business processes is at the heart of the data analytics industry.
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The growing demand from enterprises to understand consumer choices and the inability to conduct analysis of data in-house have boosted the growth of the global data analytics outsourcing market. In the past couple of years, the resource pool of data analytics professionals has grown tight, leading to a dearth of analysts with competitive advantageous data insights. This has further fuelled the demand for data analytics outsourcing.
Some of the major trends in the global data analytics outsourcing market are cyber risk management and cyber-analytics, customer analytics, analytics from social media platforms, and fraud analytics in the BFSI domain. During the forecast horizon, cloud-based business analytics is expected to gain momentum in the global data analytics outsourcing market.
The report studies the global data analytics outsourcing market across five key regions: Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. Asia Pacific drives the demand from the overall market with India offering a large skilled labor force specializing in providing contextual domain analytics. In fact, more than half of the world's data analytics projects are picked up by Indian data analytics firms. Recent advancements in technology and telecommunications have also leveraged the potential of the Indian data analytics outsourcing market.
Describing the competitive landscape, the report profiles some of the key players in the global data analytics outsourcing market such as Tata Consultancy Services Ltd., Cognizant, Capgemini S.A., Infosys Ltd., Citigroup Inc., WNS Holdings Ltd., ZS Associates, Wipro Ltd., and Fractal Analytics Ltd. A large number of companies are focusing on specific domains to provide end-to-end analytics solutions. The report provides detailed information about the key players including their financial overview, recent development, and product portfolio.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.