NEW YORK, August 29, 2022 /PRNewswire/ — “Business Information Market “2021-2025 Forecast and Analysis Report” has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth differential for The business information market between 2020 and 2025 is USD 43.6 billion, according to the latest market analysis report by Technavio. The report predicts the market to witness an accelerated growth momentum with a CAGR of 5.35% during the forecast period. The global market for business information is a part of global data processing and outsourcing services market. Our report provides extensive information on the value chain analysis for the business information market, which vendors can use to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors increase costs and improve customer services during the forecast period.
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Key market dynamics:
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Market Trend: Providing customer-centric solutions will drive the growth of global business information markets. Customers are increasingly looking for solutions that can demonstrate a higher return on investment in a shorter period of time. Such solutions are expected to create significant new opportunities to either increase revenue or brand value. Therefore, business information providers are focusing on developing more customer-centric solutions that have a direct effect on their customers’ business goals such as cost reduction, productivity improvement and revenue growth. Business information providers are also expanding their portfolio of offerings by branching out from their conventional data/content solutions to providing technical and domain-specific expertise, data analytics solutions, financial consulting, and operational consulting services. . This will eventually lead to a positive growth trend of the market during the forecast period.
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Market challenge: The threat of data misuse and theft is a major challenge to the growth of global business information markets. Any planned or accidental data breach, which leads to such confidential data being accessed by unscrupulous individuals and entities, can result in severe financial losses for enterprises and individuals. Business information providers such as Equifax, a US-based credit rating agency for individuals and businesses, are also targeted. In 2017, hackers stole the Social Security numbers of about 145.50 million US customers from Equifax’s data centers. Such incidents of data theft can tarnish the reputation of business information providers and lead to a decline in their revenue.
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Market segment highlights:
The business information market report is segmented by End User (BFSI, healthcare and life sciences, manufacturing, retail and others) and Geography (North America, EuropeAPAC, South Americaand MEA).
Regional Opportunities: 41% of market growth will come from North America during the forecast period. The US is the leading market for the business information market in North America. Market growth in this region will be faster than market growth in the regions. Adapting enterprise business strategies to changing customer preferences will facilitate the growth of the business information market in North America during the forecast period.
Highlights of the revenue generating segment: The growth of the business information market share in the BFSI segment will be significant during the forecast period. In the BFSI sector, the information provided to businesses is of various types such as credit risk reports, credit scores of individuals, compliance solutions, collaboration, audit management, corporate performance management and firm management, historical reports of market and forecast reports of specific industries. for commercial purposes. Business intelligence providers help organizations lend responsibly and protect themselves and their customers from this risk.
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Scope of the Business Information Market |
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Report coverage |
The details |
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Page Number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum and CAGR |
Accelerate at a CAGR of 5.35% |
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Market growth 2021-2025 |
43.6 billion dollars |
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Market structure |
Fragmented |
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Annual growth (%) |
6.07 |
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Regional analysis |
North America, Europe, APAC, South America and MEA |
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Making a contribution to the market |
North America at 41% |
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Main customer countries |
USA, China, UK, Germany and Japan |
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Competitive landscape |
Major companies, competitive strategies, extent of customer engagement |
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Profiled companies |
Bloomberg LP, Deloitte Touche Tohmatsu Ltd., Equifax Inc., Ernst & Young Global Ltd., Experian Plc, KPMG International Ltd., PricewaterhouseCoopers LLP, RELX Plc, Thomson Reuters Corp., and Wolters Kluwer NV |
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Market Dynamics |
Parent market analysis, market growth drivers and restraints, fast and slow growing segment analysis, impact of COVID 19 and future consumer dynamics, and market state analysis for the forecast period. |
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Customization field |
If our report did not include the data you are looking for, you can contact our analysts and customize the segments. |
Main topics covered:
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