Global Information Services Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
7 Jul, 2021
The information services market consists of the sales of information services by entities (organizations, sole traders or partnerships) that provide news reports, articles, pictures, public historical documents, photographs, maps, audio material, audiovisual material, and other archival material of historical interest. These entities include news syndicates, libraries and archives.
Global Information Services Market Size And Drivers:
The global information services market is expected to grow from $136.48 billion in 2020 to $147.04 billion in 2021 at a compound annual growth rate (CAGR) of 7.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $196.7 billion in 2025 at a CAGR of 8%. 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.
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Trends In The Global Information Services Market
Many universities, colleges and independent libraries are facilitating access to books, audio and video content through digital platforms. They are offering platforms and technologies that can offer access to content through various devices Applications are being developed for desktops, mobile phones and tablets irrespective of the size of the device screen. Responsive design and device compatibility are being incorporated to enhance user experience, accessing content through digital platforms. For example, Grand Valley State University Libraries, University of Toronto’s Library Catalogue, Princeton University Library and University of Arizona’s Special Collections incorporated responsive design to enhance user experience.
Global Information Services Market Segments:
The global information services market is further segmented based on type, end user and geography.
By Type: News Syndicates, Libraries And Archives, All Other Information Services
By End-User: B2B, B2C
By Geography: The global information services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global information services market, accounting for 37% of the market in 2020.
Read More On The Report For The Global Information Services Market At:https://www.thebusinessresearchcompany.com/report/information-services-global-market-report-2020-30-covid-19-impact-and-recovery
Information Services Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides information services market overviews, analyzes and forecasts market size and growth for the global information services market, information services market share, information services market players, information services market segments and geographies, information services market’s leading competitors’ revenues, profiles and market shares. The information services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.