SAN FRANCISCO, Aug. 25, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Data Analytics Outsourcing - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 8257
Companies: 13 - Players covered include Accenture; Capgemini SE; Fractal Analytics Inc.; Genpact Ltd.; IBM Corporation; Mu Sigma Inc.; Opera Solutions LLC; Tata Consultancy Services Ltd.; Wipro Ltd.; ZS Associates, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Application (Sales Analytics, Marketing Analytics, Finance and Risk Analytics, Supply Chain Analytics, Other Applications); End-Use (BFSI, Telecom, Retail, Healthcare, Media and Entertainment, Other End-Uses); Type (Descriptive, Predictive, Prescriptive)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Data Analytics Outsourcing Market to Reach $22.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Data Analytics Outsourcing estimated at US$5 Billion in the year 2020, is projected to reach a revised size of US$22.9 Billion by 2026, growing at a CAGR of 28.4% over the analysis period. Sales Analytics, one of the segments analyzed in the report, is projected to record a 26.2% CAGR and reach US$7.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Marketing Analytics segment is readjusted to a revised 26.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.8 Billion in 2021, While China is Forecast to Reach $3.6 Billion by 2026
The Data Analytics Outsourcing market in the U.S. is estimated at US$1.8 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.6 Billion by the year 2026 trailing a CAGR of 27.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.1% and 24.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 19.9% CAGR.
Finance and Risk Analytics Segment to Reach US$4.3 Billion by the year 2026
In the global Finance and Risk Analytics segment, USA, Canada, Japan, China and Europe will drive the 28.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$661.7 Million in the year 2020 will reach a projected size of US$3.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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