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Major Growth Driver Identified in 2025 Information Services Market: Social Media Surge Driving Demand For Information Services In The Digital Age
Information Services Market
Information Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Significant growth has been observed in the market size of information services in the past few years. The market, standing at $174.02 billion in 2024, is projected to grow up to $187.77 billion in 2025, with a compound annual growth rate (CAGR) of 7.9%. Factors such as globalization, regulatory changes, the boom of e-commerce, the mobile revolution, and the substantial increase of content have contributed to the growth during the historic period.
Information Services Market Size Forecast: What's the Projected Valuation by 2029?
Expectations predict a robust rise in the size of the information services market in the coming years. It's projected to expand to $245.33 billion by 2029, with a compound annual growth rate (CAGR) of 6.9%. Several factors contribute to this anticipated growth, such as the proliferation of remote work and collaboration tools, sustainable information practices, customized user interactions, changes in regulation and concerns about data privacy, as well as cybersecurity. Leading trends for the forecasted period feature the inclusion of artificial intelligence (AI), blockchain technology application, the surge in big data and analytics, the rising scope of data monetization and the use of blockchain to ensure trust and transparency.
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What Are the Drivers Transforming the Information Services Market?
The escalating utilization of social media for interpersonal communication and connectivity is anticipated to contribute to the growing demand for information services over the forecast period. Various social media platforms are being used by individuals to share updates and maintain connection with friends and family. This increased activity on social networking sites is fueling the growth of the internet publishing and broadcasting sector. For instance, a report released by the US-based National Library of Medicine in January 2023, run by the federal government, documents that there are more than 3.6 billion social media users globally, with future estimates suggesting an increase to 4.41 billion by 2025. YouTube, with 2.562 billion users as of 2022, is currently the second most popular social networking platform behind Facebook. Consequently, the elevated engagement with social media for interpersonal communication and connection will stimulate the information services market.
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What Long-Term Trends Will Define the Future of the Information Services Market?
A multitude of higher education institutions and independent libraries are providing accessibility to books, and audiovisual content via digital platforms. They are introducing platforms and technologies capable of delivering content across various devices. Apps are being crafted for desktop computers, smartphones, and tablets, disregarding screen size. To boost user experience, responsive design and device compatibility are being integrated while engaging with content on digital platforms. As examples, Grand Valley State University Libraries, the University of Toronto's Library Catalogue, Princeton University Library, and the University of Arizona's Special Collections have integrated responsive design to augment user experience.
Which Segments in the Information Services Market Offer the Most Profit Potential?
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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Which Firms Dominate the Information Services Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Information Services Market?
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.
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