The "Data Analytics Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
Rapid digitization, along with increasing utilization of cloud-computing services across the globe, is one of the key factors driving the growth of the market.
Third-party data analytics organizations optimize and personalize the integration interface to improve business operations and enhance cost-efficiencies.
Furthermore, the growing demand for specialized analytical tools is also driving the market growth. Various technological advancements, such as the integration of connected devices with the Internet of Things (IoT), along with the increasing adoption of data-driven decision-making practices, are acting as other growth-inducing factors. The data generated by social media platforms are interpreted by data analytics service providers and are utilized by organizations to understand user behaviors and market trends.
Other factors, including significant growth in the online retail sector, along with the adoption of predictive data analytic systems, are expected to drive the market further. Looking forward, the publisher expects the global data analytics outsourcing market to continue its strong growth during the next five years.
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For more information about this report visit https://www.researchandmarkets.com/r/xbqoy9
View source version on businesswire.com: https://www.businesswire.com/news/home/20200929005940/en/
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