Big Data and analytics is here to stay and provides tangible value to thousands of organizations around the world. India also seems to play an important role in propagating analytics and data science as disciplines around the world. What we are seeing right now is faster adoption of analytics and consequently, a huge demand for companies that provide these services.
Here is a quick snapshot of the analytics industry in India.
Growth Rate of Analytics Companies in India: 27% in 2016
While that sounds great, it is only the established players who contributed significantly to the India growth story. The percentage increase in the number of analytics companies seems abysmally small compared to 2011-2014, when number of analytics companies more than doubled each year.
Average Employee Strength: 162 employees
On average, Indian Analytics companies have 160 employees on their payroll as of 2016, according to Analytics magazine. While this isn’t a huge number, it is a healthy jump from the average of 115 employees since last year. However, compared to global standards for Analytics firms, India is above average - almost 73% of analytics companies in India have less than 50 employees, compared to 86% globally.
Company Type
- 37% - of analytics providers in India are essentially full-service outsourcing firms in IT or processes that have separate offerings for analytics or big data.
- 47% - analytics providers are boutique analytics firms, with majority focus on providing analytics as a service.
- 47% - analytics providers are boutique analytics firms, with majority focus on providing analytics as a service.
- 4% - training & education firms and 1% staffing firms in analytics space
The Big Players
The 10 largest IT/ BPO service providers with Analytics capabilities (Based on employee strength in analytics are:
- TCS
- Accenture
- Cognizant
- IBM
- Genpact
- Infosys
- Wipro
- Capgemini
- Deloitte
- HCL
The 10 largest Boutique analytics firms in India
- Mu Sigma
- Fractal Analytics
- Manthan
- Axtria
- Latentview analytics
- Absolutdata
- Blueocean Market Intelligence
- Analytics Quotient
- Ugam Solutions
- Bridgei2i
Analytics Hubs in India
Bangalore continues to lead the most number of analytics firms in India, i.e. almost 30%, with Delhi-NCR catching up fast at 26% of all Analytics firms being based there, and Mumbai with 17%.
Analytics firms in Mumbai have the highest employee strength on average (311 employees per company), followed by Bangalore (192) & Chennai (191).
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Zenobia Sethna has over 12 years of content and writing experience at leading Indian eLearning companies. She currently works as AVP - Learning Design and Effectiveness at Imarticus Learning, where she spends her free time writing blog articles on Soft Skills, Finance and Analytics.
