Overview and Scope
Information systems refers to an integrated set of components which is used to capture, process, save, and publishing various types of data for people to read and use.
Sizing and Forecast
The information services market size has grown strongly in recent years. It will grow from $158.41 billion in 2023 to $169.11 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to globalization, regulatory environment, rise of e-commerce, mobile revolution, content explosion.
The information services market size is expected to see strong growth in the next few years. It will grow to $219.97 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to remote work and collaboration tools, sustainable information practices, personalized user experiences, regulatory changes and data privacy, cybersecurity concerns. Major trends in the forecast period include artificial intelligence (ai) integration, blockchain technology, big data and analytics, rise of data monetization, blockchain for trust and transparency.
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the information services market in 2023. 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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Major Driver Impacting Market Growth
The rising use of social media for people to connect and communicate with each other is expected to drive the demand for information services during the forecast period. Individuals are using social platforms to share information and to be in touch with their families and friends. More time is being spent on social networking sites is boosting the growth of the internet publishing and broadcasting industry. As of 2021, there were around 4.48 billion people using social media, indicating widespread usage of social media. Rising social media usage is expected to drive the growth of the information services market through rising in demand for news syndicates and online libraries and archives.
Key Industry Players
Major companies operating in the information services market report are 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., The New York Public Library, Queens Public Library, King County Library System, Toshiba Software India Pvt Ltd., Cuyahoga County Public Library., FUJI MEDIA HOLDINGS INC., Tribune Media Company
The information services market report table of contents includes:
1. Executive Summary
2. Information Services Market Characteristics
3. Information Services Product/Service Analysis -Product/Service Examples
4. Information Services Market Trends And Strategies
5. Information Services Market – Macro Economic Scenario
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68. Global Information Services Market Competitive Benchmarking
69. Global Information Services Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Information Services Market
71. Information Services Market Future Outlook and Potential Analysis
72. Appendix
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