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6 Top Managed Analytics Service Providers in 2024

Data analytics remains an integral part of digitally transforming a business to gain a competitive edge. Here, we’ll discuss the top managed analytics service providers and their role in enabling organizations to achieve long-term success.

A managed analytics service provider is a third-party company offering a range of services to remotely manage the information technology, network, security, and analytical requirements of a business. While IT MSPs have been popular for many years, there’s an increasing demand for managed analytics services where the focus is on data analytics and reporting.

Managed analytics services empower organizations to automate data collection, cleaning, storage, processing, analysis, and visualization to make data-driven decisions in a quick time. It helps businesses effectively manage and use data to understand customer requirements, market conditions, and competitors.

According to Statista, the revenue generated by the managed services market is expected to touch $23.21 billion in 2023. It is expected to grow at a CAGR (compound annual growth rate) of 2.86% between 2023 and 2028 to reach $26.72 billion by 2028.

The global managed services market is estimated to be over $400 billion by 2026. North America is the largest market, while Asia Pacific continues to be the fastest-growing market. Security and business apps are the most popular managed services provided in Europe and North America.

In this blog, we’ll read more about the top companies offering managed analytics services in the global market.


Top Managed Analytics Service Provider 2024

DataToBiz

DataToBiz is one of the top managed analytics service providers to partner with for increasing precision in decision-making. With a global establishment itself, the company has clients from different continents like North America, Africa, Asia, Australia, etc. It caters to diverse industries and most businesses, be it a startup or a large enterprise.

A few services offered by the company are as follows:

  • Data Analytics as a Service
  • Data warehousing and management
  • Data Engineering
  • Data Lake
  • Data Governance
  • AI, ML, NLP, and LLM
  • Computer Vision
  • Big data analytics
  • Business intelligence
  • AI and ML staffing, etc.

DataToBiz is a high-level (top-tier) MSP offering end-to-end tailor-made services to plan, build, customize, implement, integrate, monitor, maintain, and upgrade the IT infrastructure and systems. It offers cloud and in-house services, along with remote collaborations. The company provides all four types of data analytics and data visualizations through customized and interactive dashboards. With years of domain experience, DataToBiz is a reliable, trustworthy, and affordable MSP in the global market. 

Wipro

Wipro is one of the leading companies offering data analytics managed services and technology solutions to address complex digital transformation requirements of businesses from around the globe. The company has over 14,000 clients from various industries, collaborating on different projects and verticals. It helps clients become sustainable and adapt to the ever-changing market conditions.

The company’s services are listed below:

  • Data and analytics
  • Digital engineering
  • Business processes
  • Cloud Consulting
  • AI and ML
  • Cybersecurity, etc.

Wipro provides data operations and insights as a service to help organizations become more aware of data and its importance in making proactive business decisions. The company empowers businesses to transform their data analytics landscape and add value across the departments with real-time insights and reports. With next-gen technologies and robust processes, Wipro helps enterprises implement a data-driven culture.

Deloitte

Deloitte is one of the oldest IT service providers in the industry. It has a presence in over 150 countries and works with a range of clients with versatile needs. The company offers data science managed services with capabilities like artificial intelligence, deep learning, image recognition, etc., to get smarter and more accurate insights. More than 4,400 data scientists are working on delivering cognitive AI and ML-based analytics.

The company’s other services are as follows:

  • Core business operations
  • Auditing and assurance
  • Enterprise technology
  • Taxation and financial advisory
  • Strategy and analytics
  • Customer and market insights, etc.

Deloitte has come up with an exclusive service, Insight in the Age of With™, which allows enterprises to master large volumes of data and control it effectively, detect in-depth patterns and innovation opportunities, and promote intelligent reinvention to gain an edge over competitors in the market. The company helps save around 4,000 hours of analytical time through automation and advanced technology.

PwC

PwC helps organizations unlock the power of data and analytics through customized data intelligence services. The company provides business strategies to convert insights into actionable decisions and drive the expected outcomes for the client. It enables data-driven digital transformation and builds custom digital products with scalability and flexibility. The company also helps businesses adapt and sustain in the long term.

The following services are offered by the company:

  • Application managed services
  • Cloud transformation and engineering
  • Generative AI and Metaverse
  • Crypto and digital assets
  • Culture thumbprint
  • Agile commerce, etc.

PwC promotes integrated data strategy and data modernization to empower enterprises to use analytics for effective decision-making. The company offers complete services to migrate business systems to the cloud and use AI tools for predictive analytics. It also enables automation to accelerate and re-engineer business processes. The company works with numerous clients from different sectors and continents.

Infosys

Infosys believes in amplifying human potential to create more business opportunities for growth. The company provides a wide range of services, including analytics and data management services using AI technology. It helps organizations unlock greater possibilities and change the business for the better. The company promotes more intelligence, more automation, and better connections.

It offers the following services:

  • Applied AI and analytics
  • Blockchain
  • Internet of Things
  • Enterprise agile DevOps
  • Digital process automation
  • Cybersecurity
  • Application modernization, etc.

The company creates an ecosystem for the clients to monetize data, navigate the competitive marketplaces, enable self-servicing systems, and transform the business to become an AI-first organization. It also offers hyperscaler solutions for fast-growing and multinational enterprises. Infosys has won the global Top Employer award for the third consecutive year.

Ernst Young

Ernst Young (EY) is a global organization with several member firms associated with it. The company aims to build a better world by providing trustworthy services. It is an MSP with multidisciplinary teams that work with clients to achieve their business goals. The company promotes sustainable economic growth and inclusivity while also giving importance to innovation and data-driven decision-making.

The services offered by EY are listed below:

  • Strategy consulting
  • Digital transformation
  • Technology transformation
  • Integrated workforce
  • Sustainability and ESG
  • Tax planning and compliance, etc.

Ernst Young helps enterprises derive and apply analytics throughout the business to grow, protect, and optimize operations. It uses the latest technology and delivers embedded analytics in real-time to support faster and more effective decisions at various levels. The company promotes fact-based decision-making by helping businesses understand the intricacies of analytics.


What are the Different MSPs?

report by Canalys shows that 89% of partners who participated in the survey said that they expect their managed services revenue to increase in 2023. It also shows that the global managed services spending forecast is expected to grow by 12.7%, while IT spending might record only a 3.5% growth.

Managed Service Providers (MSPs) can be divided into different types based on the scope and the types of services they offer.

Based on Scope:

  • Low Level: This level is limited to managing the clients’ IT services without being involved in planning and business strategy.
  • Mid Level: This level is also known as a value-added service provider, where issues are detected and resolved on behalf of the clients.
  • High Level: These MSPs offer full-spectrum or end-to-end services, ranging from strategic planning to long-term maintenance, analytical services, wireless network support, etc.

Based on Type:

  • IT Support: The MSP offers 24/7 IT support to keep the systems running and solve customers’ complaints on time.
  • Security Management: The MSP takes care of data and system security for the client by setting up multiple layers of protection with antivirus and anti-malware software, patching, etc. It provides maintenance and upgrading services to ensure security at all times.
  • Communications: The MSPs take care of data transfer, audio and video call setups, conferences, remote meetings, etc., for the clients.
  • Infrastructure and Networking: The MSPs set up the IT infrastructure and networks in the client’s enterprise. They handle mobile networking, backup, data storage, cloud services, and much more.
  • SaaS: Software as a Service is a popular MSP service where the provider manages, monitors, and upgrades the various software applications used by the client. It is a remote service where the software is hosted on cloud platforms.
  • Data Analytics: The MSP offers analytical and reporting services to help clients adopt the data-driven model to make faster decisions using real-time data.
  • Data Recovery and Backup: While this is a part of other MSP services, it can also be provided independently, where the company manages data storage, backup, and recovery for the client. This can be on-premises, cloud, or remote data centers.

So, which is the largest IT MSP in the US?

Well, with so many global MSPs, it’s hard to mention who are the top MSPs in the current US market. IBM, Accenture, Wipro, Infosys, DataToBiz, and Cognizant are considered the top MSPs in the international markets and have a presence in various countries.


Conclusion

The best-managed analytics service providers can streamline business operations and increase overall efficiency. They take care of the IT infrastructure and software to create a seamless workflow and enable automation for greater productivity.

Find an MSP company that can be a long-term partner for the organization to achieve its goals and stay one step ahead of competitors at all times. The right MSP partner can enhance customer experience and increase business revenue.

Fact checked by –
Akansha Rani ~ Content Creator & Copy Writer
Sunaina Meena ~ Digital Marketing Specialist

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