Data analytics outsourcing market to hit USD6bn by 2023

The global data analytics outsourcing market is forecast to reach USD6bn by 2023, growing at over 30% CAGR from 2016, according to a report released by Global Market Insights. Over 30% of the global data analytics outsourcing market share will come from the BFSI sector due to the need for higher profitability and to minimize risk and costs. The Asia Pacific region is expected to be the most attractive region for the data analytics outsourcing market, with countries such as China, the Philippines and India estimated to have major growth contributions. The report said the predictive analytics market will grow faster than the global average in the coming years due to growing implementation across organizations.

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