Friday, September 18, 2015

Everest Group had conducted a recent webinar on the market of analytics

Everest Group had conducted a recent webinar on the market of analytics:
  • Majority of analytics business process services are done in-house , meaning there is substantial opportunity for outsourcing
  • While the growth in analytics BPS last 3-4 years was 35-40% CAGR, projection (as per Everest estimates) for 2015-2018 CAGR are even higher at 40-45%
  • North America + EMEA account for 80-90% of the spend (North America 55-60%)
  • While majority of the current work is in reporting & descriptive analytics (both getting commoditized, productized, and automated gradually), there is increasing interest and growth in predictive and prescriptive analytics (both are more expertise based and less prone to commoditization)
  • Largest buyers are CPG & Retail (about 30%) and BFSI (about 25%) followed by Healthcare (about 10%) and High-tech & telecom (about 10%)
  • Revenue enhancement/top line growth is the primary driver of analytics spend
  • Almost all leading players get most revenues from North America

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