Business Information Market is Estimated to Generate a Revenue of US$ 69.05 Billion by 2028

The global business information market size reached US$ 47.45 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 69.05 Billion by 2028, exhibiting a growth rate (CAGR) of 6.25% during 2023-2028.

Business information encompasses data, statistics, narratives, or insights pertaining to a company's activities. This category also encompasses annual reports, audited financial statements open to examination, various promotional materials, and periodic publications generated by the organizations themselves, external journalists, or analysts, and so on. Business information encompasses both the factual data released by companies and the analysis of its impact by business and investment experts. It serves to keep shareholders and potential investors informed while assisting experts in forming conclusions about market conditions and the overall economy. Business information is a valuable resource for investment professionals as it aids them in crafting comparative performance assessments to devise strategies and make recommendations. Consequently, it finds widespread application across various industries, including information technology (IT), education, telecommunications, and more.

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Business Information Market Trends and Drivers:

The growing demand for business information among numerous organizations to stay competitive, fast-track their product development processes, ensure a continuous flow of revenue from products and services, etc., is primarily driving the business information market. Additionally, it is also utilized to be aware of the changing customer behaviors, preferences, and demographics across countries, which is bolstering the global market. Besides this, the inflating need for business information to analyze items, branding, and marketing strategies of competitors is acting as another significant growth-inducing factor. Moreover, the emerging trend of using business information in the e-commerce industry to identify the requirements and purchasing behavior of customers is propelling the market growth. Apart from this, the widespread adoption of customer-centric solutions to enhance business goals, such as cost reduction and productivity improvement, is augmenting the market growth. Furthermore, they are gaining extensive traction in the healthcare sector to reduce drug expenditure capacities and increase the efficiency of doctors, which is expected to fuel the business information market in the coming years.

Who are the key players in the Business Information Market?

• 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.

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The report has segmented the market on the basis of

Type Insights:

• Commercial
• Scientific
• Technical
• Medical
• Educational and Training
• Others

End User Insights:

• BFSI
• Healthcare and Life Sciences
• Manufacturing
• Retail
• Others

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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