Data Analytics outsourcing Market was valued at US$ 2.49 Bn in 2018 and is expected to grow at a CAG
Data Analytics outsourcing Market was valued at US$ 2.49 Bn in 2018 and is expected to grow at a CAGR of 25.8% during the forecast period 2019 - 2027, to account to US$ 19.36 Bn by 2027. Factors such as shortage of skilled labor, as well as high adoption among by diverse industries is driving the data analytics outsourcing market growth. Despite the increasing demand for analytics outsourcing, the landscape of data analytics outsourcing market has been little captured by the companies that provide end to end solutions including data collection, entry cleansing, and analytics all together. Nonetheless, rising price competition in the market is expected to anyhow promote un-bundling of the data analytics outsourcing services. Apart from the expanding data generation capabilities the intensifying scenarios in terms of innovation is expected to contribute to the growth in demand of data analytics outsourcing market.
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