Market Overview:
The global data and analytical service market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for big data and analytics services from various end-user industries, such as IT and telecommunication, energy and power, BFSI, healthcare, retail, manufacturing, and others. Additionally, the growing trend of digitalization is also fueling the demand for data and analytical services across different regions worldwide.
Product Definition:
Data is a collection of facts that are gathered together for some specific purpose. Data can be used to make decisions, to understand what has happened in the past, or to plan for the future.
An analytical service is a system that takes data and turns it into information. This information can be used to make decisions, understand what has happened in the past, or plan for the future.
SMEs:
Small and Medium Enterprises (SMEs) are the most significant contributors to economic growth in any country. They account for approximately two-thirds of new businesses started up every year, with more than three quarters of these businesses being SMEs. The global SME share has been steadily increasing over the past few years and is expected to grow at a faster rate over the forecast period owing to several factors such as internet penetration, ease of doing business, low cost land etc.
Large Enterprises:
Large enterprises are organizations having more than 10,000 employees. These enterprises have varied revenue streams and a diversified customer base. The market for large enterprise data and analytical services is expected to witness significant growth over the forecast period owing to increasing demand from various sectors such as BFSI, retail, manufacturing, telecom & IT among others.
Application Insights:
The global data and analytical service market has been segmented into six major applications, namely IT and telecommunication, energy and power, BFSI, healthcare, retail industry. The IT and telecommunication segment accounted for the largest revenue share in 2016. This is attributed to the growing demand from various industries such as telecom services providers for providing advanced communication facilities to their customers. Moreover, governments are also encouraging foreign direct investments (FDIs) in this sector which will further boost growth over the forecast period.
The healthcare industry is expected to grow at a significant rate owing to increasing demand for effective management of patient¢â‚¬â„¢s records along with an increase in number of transactions carried out through electronic health records systems across hospitals & clinics worldwide.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in big data analytics and cloud computing, high internet penetration, and technological advancements. Moreover, growing demand for consumer electronics products such as smartphones and tablets has led to an increase in storage requirements which will create growth opportunities for regional market players over the next few years.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising adoption of advanced technologies such as IoT, AI & ML across various industries especially manufacturing sector located across countries such as China India Japan South Korea Taiwan Province of China etc.). Furthermore growing demand from retail sector due changing shopping habits particularly towards online shopping will drive industry expansion over next six years or so).
Growth Factors:
- Increasing demand for data-driven decision making: The increasing demand for data-driven decision making is one of the primary growth drivers for the global data and analytical services market. Organizations are increasingly adopting big data and analytics solutions to make better and faster decisions. This is resulting in the generation of large volumes of data, which is further processed by these solutions to obtain actionable insights.
- Proliferation of cloud-based services: The proliferation of cloud-based services is another major growth driver for the global data and analytical services market. Cloud-based platforms offer several benefits such as scalability, flexibility, and cost efficiency that are fueling their adoption among organizations worldwide. This is resulting in an increase in the demand for big data and analytics solutions that can be deployed on cloud platforms.
Scope Of The Report
Report Attributes
Report Details
Report Title
Data and Analytical Service Market Research Report
By Type
SMEs, Large Enterprises
By Application
IT and Telecommunication, Energy and Power, BFSI, Healthcare, Retail, Manufacturing, Others
By Companies
EXL, Tata Consultancy Services (TCS), PwC, Capgemini, IBM, Teradata, SAP, KPMG, Accenture, Ernst & Young, Deloitte, Wipro, BearingPoint, Genpact, Infosys
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Data and Analytical Service Market Report Segments:
The global Data and Analytical Service market is segmented on the basis of:
Types
SMEs, Large Enterprises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
IT and Telecommunication, Energy and Power, BFSI, Healthcare, Retail, Manufacturing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- EXL
- Tata Consultancy Services (TCS)
- PwC
- Capgemini
- IBM
- Teradata
- SAP
- KPMG
- Accenture
- Ernst & Young
- Deloitte
- Wipro
- BearingPoint
- Genpact
- Infosys
Highlights of The Data and Analytical Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- SMEs
- Large Enterprises
- By Application:
- IT and Telecommunication
- Energy and Power
- BFSI
- Healthcare
- Retail
- Manufacturing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Data and Analytical Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Data and analytical service is a type of business that provides data-related services to businesses. These services can include helping businesses collect, analyze, and use data to improve their operations.
Some of the major companies in the data and analytical service market are EXL, Tata Consultancy Services (TCS), PwC, Capgemini, IBM, Teradata, SAP, KPMG, Accenture, Ernst & Young, Deloitte, Wipro, BearingPoint, Genpact, Infosys.
The data and analytical service market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Data and Analytical Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Data and Analytical Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Data and Analytical Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Data and Analytical Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Data and Analytical Service Market Size & Forecast, 2018-2028
4.5.1 Data and Analytical Service Market Size and Y-o-Y Growth
4.5.2 Data and Analytical Service Market Absolute $ Opportunity
Chapter 5 Global Data and Analytical Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Data and Analytical Service Market Size Forecast by Type
5.2.1 SMEs
5.2.2 Large Enterprises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Data and Analytical Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Data and Analytical Service Market Size Forecast by Applications
6.2.1 IT and Telecommunication
6.2.2 Energy and Power
6.2.3 BFSI
6.2.4 Healthcare
6.2.5 Retail
6.2.6 Manufacturing
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Data and Analytical Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Data and Analytical Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Data and Analytical Service Analysis and Forecast
9.1 Introduction
9.2 North America Data and Analytical Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Data and Analytical Service Market Size Forecast by Type
9.6.1 SMEs
9.6.2 Large Enterprises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Data and Analytical Service Market Size Forecast by Applications
9.10.1 IT and Telecommunication
9.10.2 Energy and Power
9.10.3 BFSI
9.10.4 Healthcare
9.10.5 Retail
9.10.6 Manufacturing
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Data and Analytical Service Analysis and Forecast
10.1 Introduction
10.2 Europe Data and Analytical Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Data and Analytical Service Market Size Forecast by Type
10.6.1 SMEs
10.6.2 Large Enterprises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Data and Analytical Service Market Size Forecast by Applications
10.10.1 IT and Telecommunication
10.10.2 Energy and Power
10.10.3 BFSI
10.10.4 Healthcare
10.10.5 Retail
10.10.6 Manufacturing
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Data and Analytical Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Data and Analytical Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Data and Analytical Service Market Size Forecast by Type
11.6.1 SMEs
11.6.2 Large Enterprises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Data and Analytical Service Market Size Forecast by Applications
11.10.1 IT and Telecommunication
11.10.2 Energy and Power
11.10.3 BFSI
11.10.4 Healthcare
11.10.5 Retail
11.10.6 Manufacturing
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Data and Analytical Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Data and Analytical Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Data and Analytical Service Market Size Forecast by Type
12.6.1 SMEs
12.6.2 Large Enterprises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Data and Analytical Service Market Size Forecast by Applications
12.10.1 IT and Telecommunication
12.10.2 Energy and Power
12.10.3 BFSI
12.10.4 Healthcare
12.10.5 Retail
12.10.6 Manufacturing
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Data and Analytical Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Data and Analytical Service Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Data and Analytical Service Market Size Forecast by Type
13.6.1 SMEs
13.6.2 Large Enterprises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Data and Analytical Service Market Size Forecast by Applications
13.10.1 IT and Telecommunication
13.10.2 Energy and Power
13.10.3 BFSI
13.10.4 Healthcare
13.10.5 Retail
13.10.6 Manufacturing
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Data and Analytical Service Market: Competitive Dashboard
14.2 Global Data and Analytical Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 EXL
14.3.2 Tata Consultancy Services (TCS)
14.3.3 PwC
14.3.4 Capgemini
14.3.5 IBM
14.3.6 Teradata
14.3.7 SAP
14.3.8 KPMG
14.3.9 Accenture
14.3.10 Ernst & Young
14.3.11 Deloitte
14.3.12 Wipro
14.3.13 BearingPoint
14.3.14 Genpact
14.3.15 Infosys
