Data Analytics Outsourcing Market, By Type (Business Analytics, CRM Analytics, Supply Chain Analytics, Risk Analytics, and Others), By End-user (Retail, Agriculture, Automotive, Aviation, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2034

The market for data analytics outsourcing was valued at US$14.5 billion in 2024 and is projected to grow at a compound annual growth rate of 4.60% to reach US$286.3 billion by 2034.

With data analytics outsourcing, a business can work with a service provider to handle its data in exchange for access to analytical information. The provider handles concurrent data administration, data analysis, and infrastructure setup and support. You can use data analytics for your budget through outsourcing. Massive amounts of data are processed at various phases of business analytics. Five analytics categories are available based on the type of analysis required: descriptive, diagnostic, predictive, prescriptive, and cognitive analysis. Outsourcing makes reducing expenses, boosting productivity, sharpening strategy, and so forth possible. This raw data is transformed into a machine-readable format, formatted, or transformed, and then flows through the CPU and memory to output production devices.