Global Data Analytics Outsourcing Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Services;

Data Mining, Data Visualiszation, and Others.

By Application;

Marketing Analytics, HR Analytics, Financial Analytics, Supply Chain Analytics, Sales Analytics, and Others.

By Industry;

Manufacturing, Healthcare, Retail & E-commerce, IT & Telecom, BFSI, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn121418947 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Data Analytics Outsourcing Market (USD Million), 2021 - 2031

In the year 2024, the Global Data Analytics Outsourcing Market was valued at USD 7,085.43 million. The size of this market is expected to increase to USD 29,163.27 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 22.4%.

The global data analytics outsourcing market has witnessed substantial growth in recent years, driven by the increasing adoption of data-driven decision-making processes across industries. Organizations are recognizing the importance of leveraging data analytics to gain valuable insights into their operations, customers, and market trends. This trend is further fueled by the exponential growth in data volumes generated by businesses, necessitating advanced analytics solutions to extract actionable intelligence from this wealth of information.

One of the key drivers propelling the growth of the data analytics outsourcing market is the growing complexity of data analysis tasks and the need for specialized expertise. Many companies lack the in-house resources and capabilities required to effectively manage and analyze large and diverse datasets. As a result, they turn to outsourcing partners with the necessary domain knowledge, analytical skills, and technological infrastructure to handle their data analytics needs efficiently. Outsourcing data analytics enables organizations to access a broader talent pool and benefit from cutting-edge technologies and methodologies without making significant investments in internal resources.

Moreover, the increasing focus on cost optimization and operational efficiency is prompting businesses to seek more cost-effective solutions for their data analytics requirements. Outsourcing data analytics functions to specialized service providers offers a cost-efficient alternative to building and maintaining in-house analytics teams and infrastructure. Additionally, outsourcing allows companies to scale their analytics capabilities according to fluctuating demands, providing flexibility and agility in addressing evolving business needs. With the continued expansion of the digital ecosystem and the proliferation of data sources, the data analytics outsourcing market is expected to witness sustained growth in the foreseeable future, as organizations prioritize data-driven strategies to gain competitive advantage in their respective industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Services
    2. Market Snapshot, By Application
    3. Market Snapshot, By Industry
    4. Market Snapshot, By Region
  4. Global Data Analytics Outsourcing Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Demand for Expertise
        2. Cost Efficiency
        3. Scalability
      2. Restraints
        1. Security Concerns
        2. Dependency Risks
        3. Quality Control Challenges
      3. Opportunities
        1. Emerging Technologies
        2. Industry Verticals
        3. Globalization
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Data Analytics Outsourcing Market, By Services, 2021 - 2031 (USD Million)
      1. Data Mining
      2. Data Visualiszation
      3. Others
    2. Global Data Analytics Outsourcing Market, By Application, 2021 - 2031 (USD Million)
      1. Marketing Analytics
      2. HR Analytics
      3. Financial Analytics
      4. Supply Chain Analytics
      5. Sales Analytics
      6. Others
    3. Global Data Analytics Outsourcing Market, By Industry, 2021 - 2031 (USD Million)
      1. Manufacturing
      2. Healthcare
      3. Retail & E-commerce
      4. IT & Telecom
      5. BFSI
      6. Others
    4. Global Data Analytics Outsourcing Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Accenture
      2. IBM Corporation
      3. Capgemini
      4. Cognizant
      5. Infosys
      6. Tata Consultancy Services (TCS)
      7. Wipro Limited
      8. Genpact
      9. EXL Service Holdings, Inc.
      10. HCL Technologies
  7. Analyst Views
  8. Future Outlook of the Market