Business Information

Business Information

Global Business Information Market to Reach US$260.5 Billion by 2030

The global market for Business Information estimated at US$171.6 Billion in the year 2023, is expected to reach US$260.5 Billion by 2030, growing at a CAGR of 6.1% over the analysis period 2023-2030. BFSI End-Use, one of the segments analyzed in the report, is expected to record a 7.6% CAGR and reach US$90.0 Billion by the end of the analysis period. Growth in the Healthcare & Lifesciences End-Use segment is estimated at 6.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$46.7 Billion While China is Forecast to Grow at 10.1% CAGR

The Business Information market in the U.S. is estimated at US$46.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$56.6 Billion by the year 2030 trailing a CAGR of 10.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.5% and 6.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Global Business Information Market - Key Trends & Drivers Summarized

Why Is Business Information More Valuable Than Ever?

The business information market is rapidly expanding as organizations recognize the critical importance of data-driven decision-making. Business information, which includes market research, competitive analysis, financial data, and industry reports, provides valuable insights that help companies understand market dynamics, identify growth opportunities, and mitigate risks. As the global business environment becomes increasingly complex and competitive, there is a growing demand for comprehensive and accurate business information that enables organizations to make informed strategic decisions.

How Are Digital Transformation and Big Data Influencing the Market?

Digital transformation and the proliferation of big data are significantly influencing the business information market. Organizations are leveraging advanced analytics tools and technologies to extract actionable insights from vast amounts of data. The integration of big data analytics with traditional business information services allows for more accurate forecasting, trend analysis, and customer segmentation. This convergence is creating new opportunities for business information providers to offer more sophisticated and tailored solutions, driving market growth.

What Role Does Competitive Intelligence Play in Business Strategy?

Competitive intelligence has emerged as a key component of business strategy, driving demand for high-quality business information. Companies are increasingly investing in tools and services that provide real-time data on competitors` activities, market trends, and customer behavior to gain a competitive edge. The need for dynamic and continuous monitoring of market conditions has led to the development of innovative business information platforms that offer automated alerts, customized dashboards, and predictive analytics. These solutions are enabling businesses to adapt quickly to changing market conditions and make proactive decisions.

What Factors Are Driving Growth in the Business Information Market?

The growth in the business information market is driven by several factors, including the increasing need for data-driven decision-making, the rise of digital transformation, and the growing importance of competitive intelligence. Organizations across industries are recognizing the value of business information in optimizing strategies, identifying new opportunities, and minimizing risks. The adoption of advanced analytics and AI-powered tools is enhancing the quality and relevance of business information, while the demand for customized and real-time data is fueling the development of innovative solutions. Furthermore, the expansion of global markets and the need to navigate complex regulatory environments are encouraging companies to invest in comprehensive business information services.

Select Competitors (Total 56 Featured) -

• Capita PLC
• CQG
• Deloitte Touche Tohmatsu Ltd.
• Dun & Bradstreet, Inc.
• Equifax, Inc.
• Ernst & Young Global Ltd.
• Experian PLC
• FactSet Research Systems Inc.
• Informa PLC
• KPMG International Ltd.
• Morningstar
• PricewaterhouseCoopers International Limited
• RELX Group plc.
• Thomson Reuters Corporation
• Wolters Kluwer N.V. ;

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