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Data analytics outsourcing market growing at 30.25% CAGR by 2021 according to new research report

Data analytics outsourcing market growing at 30.25% CAGR by 2021 according to new research report

The global Data Analytics Outsourcing industry to grow at a CAGR of 30.25% during the period 2017-2021.

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The global Data Analytics Outsourcing market research report identifies the following companies are the key players: Accenture, Capgemini, Fractal Analytics, TCS, Wipro, and ZS (ZS Associates). Other Prominent Vendors in the market are: Cognizant, Evalueserve, EXL Service (EXL), Genpact, Gramener, HPE, IBM, Infosys, Latentview (LatentView Analytics), and WNS Global.

Complete report on the Data Analytics Outsourcing Market Research Report spread across 66 pages, profiling 16 companies with table of content is now available at  www.reportsnreports.com/contacts/.aspx?name=1127669 .

Data Analytics Outsourcing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts.

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The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

One trend in the market is emergence of BPaaS. Cloud technology has revolutionized outsourcing business processes.

BPO solutions are hosted on remote infrastructure, managed by cloud providers, and categorized as BPaaS. Cloud-based BPO provides advantages like cost reduction, reliability, scalability, and agility.

According to the report, one driver in the market is data analytics services lead to cost reduction and efficiency. Globalization has resulted in labor arbitrage which refers to the outsourcing of business processes to locations with cheap labor.

Labor arbitrage is an outcome of business process outsourcing (BPO) and knowledge process outsourcing (KPO). Outsourcing of services reduces investment by the company and enables the utilization of available resources.

Outsourcing of data analytics processes provides skilled talent and advanced analytical technologies in an offshore location.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Access this Report at www.reportsnreports.com/.aspx?name=1127669 .

Further, the report states that one challenge in the market is changing customer requirements adversely affect market. Several industries lack policies or frameworks for data storage, which severely affect the performance of analytics.

Inefficient data analytics services adversely affect demand. Outsourcing service providers must continuously develop and offer innovative solutions according to the changing customer requirements.

Understanding consumer behavior is a complex and costly process. It involves high degrees of uncertainty and any failure in understanding customer behavior can lead to a potential loss of time and money.

This report covers the present scenario and the growth prospects of the global data analytics outsourcing market for 2017-2021. To calculate the market size, the report considers cloud-based business process outsourcing (BPO) services and solutions.

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?           

What are the key market trends?                       

What is driving this industry?                                  

What are the challenges to market growth?

Who are the key vendors in this industry space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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