Global Business Information Market 2019-2023
About Business Information
The business information providers offer market information databases, syndicated market research, and data analytics tools via subscription platforms.
Technavio’s analysts forecast the Global Business Information Market to grow at a CAGR of 5.10% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global business information market. To calculate the market size, the report considers the revenue generated from the adoption of business information solutions.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Business Information Market 2018-2022
Technavio recognizes the following companies as the key players in the global business information market: Bloomberg, Equifax, Experian Information Solutions, Thomson Reuters, and Wolters Kluwer.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the provision of consumer-centric solutions.” Business information providers are focusing on developing more customer-centric solutions that have a direct effect on their customers’ business goals such as cost reduction, productivity improvement, and revenue growth.
According to the report, one driver influencing this market is the adopting enterprise business strategies to changing customer preferences. Companies across industries are operating under a dynamic business environment and need to be aware of changing customer behaviors, preferences, and demographics.
Further, the report states that one challenge affecting this market is the threat of availability of free sources of business information. These sources include government-sponsored and government-initiative research titles, demographic, and economic databases.
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