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Information Services Market

Information Services Market

Information Services Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

148

Base Year:

2021

Date

Jul - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1755

Segments Covered
  • By Type News Syndicates, Libraries & Archives, Other Information Services
  • By Deployment Mode On-Premise, Cloud
  • By End-User B2B, B2C
  • By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 132.1 Billion
Revenue 2028Revenue 2028: USD 203.8 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 7.5%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Information Services Market Share

Market Synopsis:

The Global Information Services Market was valued at USD 132.1 Billion in 2021 and is projected to reach a value of USD 203.8 Billion by 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 7.5% over the forecast period.

Business information service providers assist businesses in increasing their market share and revenue by examining the market competition. To reach clients, they recommend appropriate services, goods, marketing plans, advertising campaigns, and branding instruments. Thus, one of the critical drivers anticipated to fuel demand for business information solutions is the requirement to modify company business strategy in response to shifting customer preferences. Information solution providers employ technology to automate their data collection and processing processes. Business information providers choose discussion threads from various social media platforms and analyze them to gain insightful information about the related industries.

Information Services Market Size, 2021 To 2028 (USD Billion)

Business information providers may now build products more quickly and with fewer expenses thanks to automation in data analysis and collecting. As a result, one of the significant trends fueling the expansion of the business information industry is automation in the collection of business information. However, organizations must work with expert service providers by growing competition and digitalization. By addressing problems with inadequate service infrastructure and insufficient staffing, these service providers typically assist enterprises in increasing their operational efficiency. The IT professional service providers approach the organization's administrative processes in a standardized and streamlined manner, which aids in the digital transformation of the organization's operations. Businesses might divide the use of professional services into two categories depending on their strategy. First, there is a focus on the company, which enables value-driven revenue models, and second, there is a focus on the employee, which can be used to attract hybrid talent and close the skill gap.

Market Segmentation:

The Information Services Market is segmented based on Type, Deployment Mode, End User, and Region. Based on Type, the market is sub-segmented into News Syndicates, Libraries & Archives, and Other Information Services. Furthermore, based on the segment Deployment Mode, the market is sub-segmented as On-Premises and Cloud. Finally, based on the segment End User, the market is sub-segmented into B2B and B2C.

Below tree is interactive. You can click the nodes to get more information.

Based on Deployment Mode:

On the basis of Deployment Mode, the On-Premises sub-segment, over the projected period, is anticipated to expand significantly at a high Compound Annual Growth Rate (CAGR). Businesses select On-Premises deployment because it gives them better control over their IT infrastructure and flexibility to change it as needed. Data protection, which prevents sensitive information from leaving the company's premises and potential fraud and data loss, is the main driver behind on-premise adoption for businesses. Less reliance on the internet means that staff will still be able to access data in the event of a network issue, which is another consideration that motivates businesses to adopt on-premise. It is anticipated that these advantages would increase demand for on-premise deployment.

Based on Deployment Mode:

Among the segment Deployment Mode, the Cloud sub-segment provides operational flexibility, agility, and adequate storage management, and Cloud Deployment can benefit businesses. Organizations are moving their operations to Cloud-based systems due to the simplicity of deployment and lower cost of installation. The desire for Cloud Deployment is fueled by the fact that it also helps enterprises increase efficiency, immediacy, accessibility, and scalability. More businesses are choosing cloud computing to implement the Bring Your Own Device policy and guarantee a flexible work environment.

Asia Pacific is Projected to Grow at the Fastest CAGR during the Forecast Period

Asia Pacific is accounted to grow at the fastest Compound Annual Growth Rate (CAGR) during the forecast period. With a high Compound Annual Growth Rate (CAGR) during the projection period, Asia Pacific is anticipated to become one of the regional markets that are growing the fastest. The legal & advisory, and accounting service industries in this region are likely to have exponential development in demand for knowledge-based services, which will spur expansion over the anticipated period. Additionally, developing economies like China and India concentrate on IT development, creating many prospects for IT professional services throughout the Asia Pacific (APAC). The Asia Pacific area also contains many SMEs whose everyday operations primarily depend on professional services.

Competitive Landscape:

The key players in the Global Information Services Market include- RELX PLC, News Corporation, FUJI MEDIA HOLDINGS INC., The New York Public Library, Thomson Reuters, The New York Times Company, Tribune Media Company, Queens Public Library, King County Library System, Cuyahoga County Public Library, and others.

Segmentation of the Global Information Services Market:

Parameter Details
Segments Covered
  • Type (News Syndicates, Libraries & Archives, Other Information Services)
  • Deployment Mode (On-Premise, Cloud)
  • End-User (B2B, B2C)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • RELX PLC
  • News Corporation
  • FUJI MEDIA HOLDINGS INC.
  • The New York Public Library
  • Thomson Reuters
  • The New York Times Company
  • Tribune Media Company
  • Queens Public Library
  • King County Library System
  • Cuyahoga County Public Library
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Information Services Market to Reach Valuation of USD 203.8 Billion by 2028 – Increasing Adoption of Information Services in Various Applications Drives the Market
In terms of revenue, the Global Information Services Market is expected to reach USD 203.8 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 7.5% from 2022 to 2028. The rising adoption of the information service and implementation of IT professional services in various application...
FAQ
Frequently Asked Question
  • The global Information Services valued at USD 132.1 Billion in 2020 and is expected to reach USD 203.8 Billion in 2028 growing at a CAGR of 7.5%.

  • The prominent players in the market are RELX PLC, News Corporation, FUJI MEDIA HOLDINGS INC., The New York Public Library, Thomson Reuters, The New York Times Company, Tribune Media Company, Queens Public Library, King County Library System, Cuyahoga County Public Library.

  • The market is project to grow at a CAGR of 7.5% between 2021 and 2028.

  • The driving factors of the Information Services include

    • Growing Emphasis on Leveraging the Core Competencies by Outsourcing Non-core Operations ​

  • Asia Pacific was the leading regional segment of the Information Services in 2020.