Data Analytics Outsourcing Market, By Type (Business Analytics, CRM Analytics, Supply Chain Analytics, Risk Analytics, and Others), By End-user (Retail, Agriculture, Automotive, Aviation, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2034

Data Analytics Outsourcing Market accounted for US$ 14.5 billion in 2024 and is estimated to be US$ 286.3 billion by 2034 and is anticipated to register a CAGR of 4.60%

Data analytics outsourcing is a cooperation model under which a company entrusts a service provider with its data and gets access to insightful reporting. At the same time, the provider takes care of infrastructure setup & support, data management, and data analysis. Outsourcing allows you to leverage data analytics according to your budget. At different stages of business analytics, a huge amount of data is processed and depending on the requirement of the type of analysis, there are 5 types of analytics- Descriptive, Diagnostics, Predictive, Prescriptive, and cognitive analysis. Outsourcing helps in reducing costs, increasing efficiency, increasing focus on strategy etc.  In this raw data is converted into machine readable form, flow of data through the CPU and memory to output devices, and formatting or transformation of output.

Rising amount of data production

In recent times, digital data production has registered significant growth, and is estimated to increases more during the forecast period. Increasing penetration of digital instruments, such as computers and phones, in the daily life is one the main factor that drives the growth of the market. Additionally, acceptance of cloud computing and internet of things (IoT) technology among various organizations is another factor that boost the production of data. Rising awareness among organizations of using specialized analytical tools is expected to fuel the growth of the target market.

However, high cost associated with data analytics tools is a major factor expected to restrain the growth of the global market. In addition, lack of skilled professionals is the major root cause that hampers the growth of the target market

Data analytics outsourcing market is segmented based on type, end user and region.

On the basis of type, the data analytics outsourcing market is segmented into business analytics, CRM analytics, supply chain analytics, risk analytics, and others. On the basis of application, the target market is segmented into retail, agriculture, automotive, aviation, and other.

Regional Insights:

On region the data analytics outsourcing market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the target market in terms of revenue, due to acceptance of advance digital technologies by prominent players and well-developed IT sector in the region. Asia Pacific is expected to witness largest share in the global data analytics outsourcing market during the forecast period. This owing to surge in digitalization and e-commerce services for different organizations in the countries such as India and China.

Report Scope:

Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global data analytics outsourcing market report based on type, end user and region.

Data Analytics Outsourcing Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating in the data analytics outsourcing market includes Tata Consultancy Services, Ltd., CITI Fractal Analytics, Inc., Cognizant Technology Solutions, Corp., ZS Associates, Inc., WIPRO, LLC, Opera Solutions, LLC, Mu Sigma, Inc., Infosys Consulting, Inc., Capgemini, EE, American Express, Inc.

• Tata Consultancy Services, Ltd.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• CITI Fractal Analytics, Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Cognizant Technology Solutions, Corp.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• ZS Associates, Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• WIPRO, LLC
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Opera Solutions, LLC
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Mu Sigma, Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Infosys Consulting, Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Capgemini, EE
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• American Express, Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies