Press release
Global Information Services Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Information Services Market
What Is the Expected Information Services Market Size During the Forecast Period?
In recent times, the market size of information services has seen robust growth. The increase is projected to go from a market worth of $174.02 billion in 2024 to reach $187.77 billion in 2025, with a compound annual growth rate (CAGR) of 7.9%. Factors that have contributed to this growth during the historic period are globalization, the regulatory environment, e-commerce boom, mobile technology evolution, and an explosion in content.
The market size for information services is projected to witness robust expansion in the forthcoming years. The market is projected to surge to $245.33 billion by 2029, registering a compound annual growth rate (CAGR) of about 6.9%. The growth in the predicted timeframe can be linked to factors such as the rise of remote work and collaboration tools, sustainable information practices, individualised user experiences, changes in regulations and data privacy issues, as well as increasing cybersecurity threats. Notable trends for the prediction period encompass the incorporation of artificial intelligence (AI), the application of blockchain technology, the advent of big data and analytics, the emergence of data monetization, and the use of blockchain to enhance trust and transparency.
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What Are the High-Growth Segments in the Information Services Market?
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
Subsegments:
1) By News Syndicates: National News Agencies, International News Agencies, Online News Platforms
2) By Libraries And Archives: Public Libraries, Academic Libraries, Corporate Libraries, Digital Archives
3) By All Other Information Services: Data Services, Research and Analysis Services, market Intelligence Services, Specialized Information Services
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What Key Drivers Are Expected to Influence Future Information Services Market Growth?
Anticipated growth in the information services domain can be attributed to the increasing utilization of social media platforms as communication and connection tools. Social platforms are gaining popularity for details exchange and maintaining contact with friends and family, thus boosting the internet publishing and broadcasting sector. According to a January 2023 National Library of Medicine report, managed by the U.S. federal government, the number of social media users globally exceeds 3.6 billion and this figure is projected to rise to 4.41 billion by 2025. In 2022, YouTube held the position of the second most frequently used social media platform, trailing behind Facebook, with an impressive user base of 2.562 billion. Consequently, the continuous growth in social media usage for communicative and connection purposes is projected to fuel the information services market.
Which Companies Hold the Largest Share Across Different Information Services Market Segments?
Major companies operating in the information services market include 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, accenture* plc, 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., Toshiba Software India Pvt Ltd., FUJI MEDIA HOLDINGS INC., Tribune Media Company
What Trends Are Driving Growth in The Information Services Market?
Numerous educational institutions and autonomous libraries are pioneering the provision of books, audio, and video content via digital platforms. They are employing platforms and technological solutions that enable access to content across multiple devices, irrespective of screen size. Applications are being designed specifically for desktops, mobile phones, and tablets. The incorporation of responsive design and device compatibility is ensuring an enhanced user experience when accessing content through these digital channels. Instances of this include the initiatives taken by Grand Valley State University Libraries, University of Toronto's Library Catalogue, Princeton University Library, and the University of Arizona's Special Collections, where responsive design has been implemented to improve user experience.
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What Are the Emerging Geographies for The Information Services Market Growth?
Asia-Pacific was the largest region in the information services market in 2024. Middle East is expected to be the fastest growing region in the forecast period. The regions covered in the information services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Information Services Market?
2. What is the CAGR expected in the Information Services Market?
3. What Are the Key Innovations Transforming the Information Services Industry?
4. Which Region Is Leading the Information Services Market?
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