The global information services market size is expected to grow from $136.23 billion in 2021 to $148.28 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. 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 $200.33 billion in 2026 at a CAGR of 7.8%.
What is the Global Information Services Market?
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by entities (organizations, sole traders, or partnerships) that provide news reports, articles, pictures, public historical documents, photographs, maps, audio material, audiovisual material, and other archival material of historical interest.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.
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What drives the Global Information Services Market?
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. 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.
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Global Information Services Market Segments
The global information services market is segmented:
By Type: News Syndicates, Libraries and Archives, All Other Information Services
By Deployment Mode: On-Premise, Cloud
By End-User: B2B, B2C
By Geography: The regions covered in the information services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Information Services Global Market Report 2022provides market size and growth forecasts for the global information services market, global information services market share, information services market segments and geographies, information services market competitive landscape including 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.
Global Information Services Industry Playersinclude RELX plc, News Corporation, FUJI MEDIA HOLDINGS INC, The New York Public Library, Thomson Reuters, The New York Times Company, Tribune Media Company, Queens Public Library, King County Library System, and Cuyahoga County Public Librar. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
