Dublin, March 25, 2024 (GLOBE NEWSWIRE) -- The "Business Information Market by Type (Commercial, Scientific, Technical, Medical, Educational and Training, and Others), End User (BFSI, Healthcare and Life Sciences, Manufacturing, Retail, and Others), and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
Market Growth Fuelled by Advanced Technologies and Data-Driven Decision Making
The global business information market is undergoing significant expansion driven by advanced technological innovations and the increasing implementation of data analytics, machine learning, and artificial intelligence across various industries. As organizations continue to navigate the complexities of data management and storage, the business information market is experiencing progressive growth.
Industry Applications Spanning Diverse Sectors
Business information services are gaining traction across a multitude of sectors including BFSI, healthcare, manufacturing, and retail due to their crucial role in facilitating data-driven strategic decisions. This growing demand across industries marks a positive outlook for the market's development.
North America Dominates Market Share with APAC Showing Rapid Growth
North America holds a significant share in the global business information market, attributing its dominance to the swift adoption of data analytics and AI. Meanwhile, the Asia Pacific region is observed to have a rapid growth rate as businesses realize the importance of data-centric insights that can grant them a competitive edge in the international arena.
Protecting Digital Assets in a Cybersecurity Focused Era
With the rising tide of cyberthreats and vulnerabilities, there is an ever-increasing focus on protecting digital assets. Business information services are stepping up to provide real-time threat intelligence, assisting organizations in safeguarding against potential security risks and data breaches.
Comprehensive Analysis by Market Segmentation
The market segmentation analysis indicates a diverse application of business information services by type and end user. The largest market share is accounted for by the educational and training segment, due to the growing need for data to support research and career guidance. Concurrently, the BFSI sector remains a significant end user by leveraging data for comprehensive risk assessment and market analysis.
Key Industry Players
The leading companies in the business information market are advancing their capabilities by aggregating and analyzing data from multiple sources, providing essential insights and tools for financial risk management, and offering industry-specific solutions. With a relentless pursuit of innovation and adaptation to regulatory changes, these key players are cornerstones of the market's sustainability and growth trajectory.
Continuous Adaptation and Innovation
As the business world evolves at an unprecedented pace, companies in the business information market are exhibiting adaptability and foresightedness, contributing to industry advancements. Innovations in real-time data analysis and the critical role of data in decision-making processes solidify the market's promising future. The market is anticipated to maintain its robust growth, with predictions for the business information market size to reach US$ 82.7 Billion by 2032. The compounded progression and the ascent of sustainable and ethical data practices presage a dynamic and integral future for business information services on a global spectrum.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 138 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (US$) in 2023 | US$50.5 Billion |
| Forecasted Market Value (US$) by 2032 | US$82.7 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
Companies Mentioned
- Bloomberg L.P.
- Deloitte Touche Tohmatsu Limited
- Equifax Inc.
- Ernst & Young Global Limited
- Experian PLC
- KPMG International Limited
- PricewaterhouseCoopers LLP
- RELX plc
- Thomson Reuters Corporation
- Wolters Kluwer N.V.
For more information about this report visit https://www.researchandmarkets.com/r/dt7ijp
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