Market Overview:
The global data and analytics service market is expected to grow at a CAGR of 16.5% 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 SMEs and large enterprises across different regions. The customized service segment is expected to hold the largest share of the global data and analytics service market in 2018, while the standardized service segment is projected to grow at a higher CAGR during the forecast period. North America is expected to hold the largest share of the global data and analytics service market in 2018, while Asia Pacific is projected to grow at a highest CAGR duringthe forecast period.
Product Definition:
Data and Analytics Service is a type of cloud service that enables you to easily collect, process, and analyze data. It can help you understand your business performance, identify trends, and make informed decisions.
Customized Service:
Customized service is a growing trend in the data and analytics services market. It's an extension of the consumerization of technology concept, which means providing customized products to consumers as per their needs and demands. The major driving factor for this growth is increasing demand from small and medium enterprises (SMEs). SMEs are increasingly adopting cloud-based solutions owing to its low cost compared to on-premise deployment.
Standardized Service:
Standardized service is a method to deliver customized services based on business requirements. It helps in reducing the cost of providing customized solutions and also helps in improving the quality of data by eliminating variation caused due to individual efforts. The major benefit offered by standardized service is that it reduces implementation time as all the resources are made available in a ready-to-use state. It also eliminates errors and omissions, which are very common while implementing such services manually.
Application Insights:
The large enterprise segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the growing adoption of data and analytics services across various industry verticals, including manufacturing, retail and e-commerce, healthcare, financial services, telecom and IT among others. The need for real-time decisions that affect business operations has become critical in recent times owing to the rapid pace of technological advancements coupled with an increase in global competition. As a result, organizations are increasingly deploying data analytics solutions to gain competitive advantage over their rivals by anticipating customer needs and delivering customized offerings accordingly.
Regional Analysis:
North America dominated the global market in 2017. North America has been witnessing a growing adoption of analytics services across various industries, including manufacturing, retail and e-commerce, telecoms and others. The U.S., in particular, is one of the most developed economies with robust digital infrastructure that enables high-speed internet access to its citizens; as a result, it has become an important channel for distributional sales & marketing tools among SMEs as well as large enterprises operating within the region.
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to increasing investments by prominent players such Google Inc.; Alibaba Group Holding Ltd.
Growth Factors:
- Increasing demand for data-driven decision making: The need for timely, accurate and actionable insights is growing rapidly across all industries. This is driving the demand for data and analytics services.
- Rapid growth of big data: The volume of digital data is growing at an unprecedented rate, driven by the proliferation of mobile devices, social media, cloud computing and the Internet of Things (IoT). This is fueling the demand for big data services.
- Emergence of advanced analytics: Advanced analytics techniques such as machine learning and artificial intelligence are helping organizations extract more value from their data assets. This is boosting the demand for advanced analytics services.
- Growing focus on cybersecurity: As organizations become increasingly digitized, they are becoming more vulnerable to cyberattacks. This has led to a heightened focus on cybersecurity solutions, which in turn is driving growth in the market for Data and Analytics Service . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Data and Analytics Service Market Research Report
By Type
Customized Service, Standardized Service
By Application
SME (Small and Medium Enterprises), Large Enterprise
By Companies
PwC, Infosys, Accenture, IBM, Deloitte, Ernst & Young, KPMG, SAP, Tata Consultancy Services (TCS), DXC Technology, Genpact
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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Data and Analytics Service Market Report Segments:
The global Data and Analytics Service market is segmented on the basis of:
Types
Customized Service, Standardized Service
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
SME (Small and Medium Enterprises), Large Enterprise
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:
- PwC
- Infosys
- Accenture
- IBM
- Deloitte
- Ernst & Young
- KPMG
- SAP
- Tata Consultancy Services (TCS)
- DXC Technology
- Genpact
Highlights of The Data and Analytics 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:
- Customized Service
- Standardized Service
- By Application:
- SME (Small and Medium Enterprises)
- Large Enterprise
- 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 Analytics 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 Analytics Service is a managed service that helps organizations collect, analyze, and use data to make informed decisions. It provides a platform for collecting data from various sources, including internal systems and external sources such as public databases. The service also provides tools for analyzing the data and creating reports that help managers make better decisions.
Some of the major companies in the data and analytics service market are PwC, Infosys, Accenture, IBM, Deloitte, Ernst & Young, KPMG, SAP, Tata Consultancy Services (TCS), DXC Technology, Genpact.
The data and analytics service market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Data and Analytics 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 Analytics Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Data and Analytics 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 Analytics 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 Analytics Service Market Size & Forecast, 2018-2028
4.5.1 Data and Analytics Service Market Size and Y-o-Y Growth
4.5.2 Data and Analytics Service Market Absolute $ Opportunity
Chapter 5 Global Data and Analytics 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 Analytics Service Market Size Forecast by Type
5.2.1 Customized Service
5.2.2 Standardized Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Data and Analytics 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 Analytics Service Market Size Forecast by Applications
6.2.1 SME (Small and Medium Enterprises)
6.2.2 Large Enterprise
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Data and Analytics 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 Analytics 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 Analytics Service Analysis and Forecast
9.1 Introduction
9.2 North America Data and Analytics 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 Analytics Service Market Size Forecast by Type
9.6.1 Customized Service
9.6.2 Standardized Service
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 Analytics Service Market Size Forecast by Applications
9.10.1 SME (Small and Medium Enterprises)
9.10.2 Large Enterprise
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 Analytics Service Analysis and Forecast
10.1 Introduction
10.2 Europe Data and Analytics 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 Analytics Service Market Size Forecast by Type
10.6.1 Customized Service
10.6.2 Standardized Service
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 Analytics Service Market Size Forecast by Applications
10.10.1 SME (Small and Medium Enterprises)
10.10.2 Large Enterprise
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 Analytics Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Data and Analytics 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 Analytics Service Market Size Forecast by Type
11.6.1 Customized Service
11.6.2 Standardized Service
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 Analytics Service Market Size Forecast by Applications
11.10.1 SME (Small and Medium Enterprises)
11.10.2 Large Enterprise
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 Analytics Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Data and Analytics 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 Analytics Service Market Size Forecast by Type
12.6.1 Customized Service
12.6.2 Standardized Service
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 Analytics Service Market Size Forecast by Applications
12.10.1 SME (Small and Medium Enterprises)
12.10.2 Large Enterprise
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 Analytics Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Data and Analytics 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 Analytics Service Market Size Forecast by Type
13.6.1 Customized Service
13.6.2 Standardized Service
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 Analytics Service Market Size Forecast by Applications
13.10.1 SME (Small and Medium Enterprises)
13.10.2 Large Enterprise
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 Analytics Service Market: Competitive Dashboard
14.2 Global Data and Analytics Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PwC
14.3.2 Infosys
14.3.3 Accenture
14.3.4 IBM
14.3.5 Deloitte
14.3.6 Ernst & Young
14.3.7 KPMG
14.3.8 SAP
14.3.9 Tata Consultancy Services (TCS)
14.3.10 DXC Technology
14.3.11 Genpact
