Market Overview:

The global business information market size reached US$ 47.45 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 69.05 Billion by 2028, exhibiting a growth rate (CAGR) of 6.25% during 2023-2028. The rising utilization in the e-commerce industry, increasing demand for customer-centric solutions to enhance customer business goals, and the growing employment of business information to analyze products, branding, and marketing strategies represent some of the factors driving the market.

Business information comprises facts, figures, narratives, or intelligence about the operations of a company. It also includes annual reports about the performance, audited financial statements available for review, and various types of marketing materials and periodic publications generated by the company and external reporters or analysts. It offers operational information released by companies and the analysis of the impact of that information by business and investment experts. It keeps shareholders and potential investors informed about the affairs of various companies. It assists experts in reaching conclusions about markets and the economy. It also aids investment professionals in preparing comparative assessments of the performance of various organizations to form strategies and make recommendations. As a result, business information is widely utilized in the education, information and technology (IT), and telecommunication industries across the globe.

Business Information Market Trends:

At present, there is a rise in the demand for business information among various organizations to stay competitive, fast-track their product development processes, and ensure a continuous flow of revenue from products and services. This, coupled with the growing utilization of business information to be aware of the changing customer behaviors, preferences, and demographics across the globe, is positively influencing the market. Besides this, the increasing employment of business information to analyze products, branding, and marketing strategies of competitors for presenting appropriate strategies to boost the market share and company revenue is strengthening the growth of the market. Moreover, the rising demand for business information in the e-commerce industry to identify the requirements and purchasing behavior of customers is offering lucrative growth opportunities to industry investors. In addition, there is an increase in the demand for customer-centric solutions to enhance customer business goals, such as cost reduction, productivity improvement, and revenue growth. This, along with the growing demand for business information to provide technical and domain-specific expertise, data analytics solutions, and financial and operational consultancy services, is offering a positive market outlook. Apart from this, the escalating demand for business information in the healthcare sector to reduce drug expenditure and increase the efficiency of doctors is supporting the growth of the market. Additionally, the rising application of business information services in the business process outsourcing (BPO) to collect client and company names, addresses, phone numbers, and descriptions of the service or products is bolstering the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global business information market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on the type and end user.

Type Insights:

• Commercial
• Scientific
• Technical
• Medical
• Educational and Training
• Others
   

The report has provided a detailed breakup and analysis of the business information market based on the type. This includes commercial, scientific, technical, medical, educational and training, and others. According to the report, educational and training represented the largest segment.

End User Insights:

• BFSI
• Healthcare and Life Sciences
• Manufacturing
• Retail
• Others
   

A detailed breakup and analysis of the business information market based on the end-user has also been provided in the report. This includes BFSI, healthcare and life sciences, manufacturing, retail, and others. According to the report, BFSI accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, North America was the largest market for business information. Some of the factors driving the North America business information market are the increasing volume of data from numerous government and private enterprises, the growing demand for analytics solutions in various organizations, rising investments in different businesses, etc.

Competitive Landscape

The report has also provided a comprehensive analysis of the competitive landscape in the global business information market. Detailed profiles of all major companies have also been provided. Some of the companies include Bloomberg L.P., Deloitte Touche Tohmatsu Limited, Equifax Inc., Ernst & Young Global Limited, Experian PLC, KPMG International Limited, PricewaterhouseCoopers LLP, RELX plc, Thomson Reuters Corporation, Wolters Kluwer N.V., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Questions Answered in This Report:

• How has the global business information market performed so far and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global business information market?
• What are the key regional markets?
• Which countries represent the most attractive business information markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the end user?
• What is the competitive structure of the global business information market?
• Who are the key players/companies in the global business information market?
   

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the business information market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global business information market.
• The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the business information industry and its attractiveness. 
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.