Press release
Information Services Market Growth, Trends 2024-2033
Information Services Market
Insights into Information Services Market: Global Trends and Analysis
Information Services Industry - Key Market Dynamics and Trends
The information services market size has grown strongly in recent years. It will grow from $158.41 billion in 2023 to $169.11 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to globalization, regulatory environment, rise of e-commerce, mobile revolution, content explosion.
The information services market size is expected to see strong growth in the next few years. It will grow to $219.97 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to remote work and collaboration tools, sustainable information practices, personalized user experiences, regulatory changes and data privacy, cybersecurity concerns. Major trends in the forecast period include artificial intelligence (ai) integration, blockchain technology, big data and analytics, rise of data monetization, blockchain for trust and transparency.
Market Overview -
Information systems refers to an integrated set of components which is used to capture, process, save, and publishing various types of data for people to read and use.
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Social Media Surge Driving Demand For Information Services In The Digital Age
The rising use of social media for people to connect and communicate with each other is expected to drive the demand for information services during the forecast period. Individuals are using social platforms to share information and to be in touch with their families and friends. More time is being spent on social networking sites is boosting the growth of the internet publishing and broadcasting industry. As of 2021, there were around 4.48 billion people using social media, indicating widespread usage of social media. Rising social media usage is expected to drive the growth of the information services market through rising in demand for news syndicates and online libraries and archives.
Competitive Landscape -
Major companies operating in the information services market report are Wipro, Google LLC, Microsoft Corporation, Verizon Communications Inc., Dell Inc., Amazon Web Services Inc., The International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, Hewlett Packard Enterprise Development LP, Tata Consultancy Services Limited, Salesforce.com Inc., Cognizant, Infosys Limited, Fiserv Inc., RELX plc, News Corporation, Thomson Reuters, Gartner Inc., Equifax Inc., Citrix Systems Inc., HCL Technologies Limited, Epsilon Data Management LLC, The New York Times Company, Palantir Technologies Inc., FactSet Research Systems Inc., The New York Public Library, Queens Public Library, King County Library System, Toshiba Software India Pvt Ltd., Cuyahoga County Public Library., FUJI MEDIA HOLDINGS INC., Tribune Media Company
Transforming Education How Universities And Libraries Embrace Digital Platforms For Content Access
Many universities, colleges, and independent libraries are facilitating access to books, audio and video content through digital platforms. They are offering platforms and technologies that can offer access to content through various devices Applications are being developed for desktops, mobile phones, and tablets irrespective of the size of the device screen. Responsive design and device compatibility are being incorporated to enhance user experience, accessing content through digital platforms. For example, Grand Valley State University Libraries, University of Toronto's Library Catalogue, Princeton University Library, and University of Arizona's Special Collections incorporated responsive design to enhance user experience.
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Key Segments -
The information services market covered in this report is segmented -
1) By Type: News Syndicates, Libraries And Archives, All Other Information Services
2) By Deployment Mode: On-premise, Cloud
3) By End-User: B2B, B2C
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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