business information market
DUBLIN, March 25, 2024 (GLOBE NEWSWIRE) — Business Information Market by Type (Commercial, Scientific, Technical, Medical, Education & Training, Others), End User (BFSI, Healthcare & Life Sciences, Manufacturing , Retail, and Other), Region 2024-2032 report added ResearchAndMarkets.com Recruitment.
Advanced technology and data-driven decision making accelerate market growth
The global business information market is expanding significantly due to advanced technological innovations and increasing implementation of data analytics, machine learning, and artificial intelligence in various industries. The business information market is gradually growing as organizations continue to grapple with the complexity of data management and storage.
Industrial applications across diverse fields
Business information services are gaining attention in numerous sectors such as BFSI, healthcare, manufacturing, and retail, as they play a critical role in facilitating data-driven strategic decision-making. This rising demand across the industry indicates positive prospects for market development.
North America dominates market share, APAC shows rapid growth
North America holds a large share of the global business information market due to its rapid adoption of data analytics and AI. Meanwhile, the Asia-Pacific region is observed to be exhibiting rapid growth rates as businesses realize the importance of data-centric insights to increase their competitiveness in the international arena.
Protecting digital assets in an era of cybersecurity emphasis
With the rise of cyber threats and vulnerabilities, there is an increasing focus on protecting digital assets. Business Information Services is increasingly delivering real-time threat intelligence to help organizations protect against potential security risks and data breaches.
Comprehensive analysis with market segmentation
Market segmentation analysis shows the diverse applications by types of business information services and end users. The largest market share is held by the education and training sector due to the increasing need for data to support research and career guidance. At the same time, the BFSI sector remains an important end-user, leveraging data for comprehensive risk assessment and market analysis.
major industry players
Leading companies in the business information market are improving their capabilities by aggregating and analyzing data from multiple sources, providing essential insights and tools for financial risk management, and providing industry-specific solutions. . These key players' constant pursuit of innovation and adaptation to regulatory changes is fundamental to 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 demonstrating adaptability and foresight, contributing to industry advancement. Innovations in real-time data analysis and the key role of data in the decision-making process cement a promising future of the market. The market is expected to maintain steady growth, with the business information market size expected to reach USD 82.7 billion by 2032. Compounding advances and the rise of sustainable and ethical data practices portend a dynamic and essential future for business information services. global spectrum.
Key attributes:
|
report attributes |
detail |
|
number of pages |
138 |
|
Forecast period |
2023-2032 |
|
Estimated market value in 2023 (USD) |
$50.5 billion |
|
Projected market value to 2032 (USD) |
$82.7 billion |
|
compound annual growth rate |
5.6% |
|
Target area |
global |
Companies mentioned
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bloomberg LP
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Deloitte Touche Tohmatsu Limited
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Equifax Co., Ltd.
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Ernst & Young Global Limited
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Experian PLC
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KPMG International Limited
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PricewaterhouseCoopers LLP
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RELX plc
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Thomson Reuters Corporation
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walters kluwer nevada
For more information about this report, please visit https://www.researchandmarkets.com/r/dt7ijp.
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