Additional InformationStamford, CTMarch 26, 2010The online business information markets will rebound in 2010 after witnessing its first negative year since 2003, however, recovery will occur at a more pedestrian growth rate as the U.S. economic situation remains unsteady, according to the latest report from Simba Information, a leading media industry forecast and analysis firm.
Business Information Markets 2009-2010 provides market sizing, strategic and competitive analysis, forecasts and critical insight into the markets for financial, current awareness news and research, marketing, legal, tax, public record and health information.
The business information market revenue in 2009 decreased 2.1% to $44.7 billion after years of positive growth. Total revenue in 2010 is projected to improve 2.5% to $45.8 billion.
Prior to 2009, the last market downturn was in the period between 2001 and 2003. What followed was four years of strong growth for the market as a whole and across most individual segments. Based on global GDP forecasts, Simba expects the recovery from this latest recession will be more gradual.
Simbas forecast for the business information market in 2010 is tempered by the anticipated poor outlook for the U.S. economy. However, Simba expects higher growth will resume in 2011 and the market will post steady growth through 2013.
The financial information segment, the largest segment covered in Business Information Markets, accounted for 37.7% of the total market for online business information in 2009. However, the segment felt the brunt of the U.S. economic slowdown in 2009 and revenue declined more than 2%. The segment is projected to rebound to the 2008 levels in 2010.
The newly released Simba report provides an overview and financial outlook for business information markets based on specific research and analysis of the leading competitors and market performance in five industry verticals.
About Simba Information:
Simba Information is widely recognized as the leading authority for market intelligence in the media and publishing industry. Simba's extensive information network delivers top quality, independent perspective on the people, events and alliances shaping the media and information industry. Simba provides consulting and reports that provide key decision-makers at more than 15,000 client companies around the globe with timely analysis, exclusive statistics and proprietary industry forecasts. For more information, please visit www.simbainformation.com.
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