Business information is one of the three main segments of the information industry. The other two segments are scientific, technical and medical (STM) and educational and training content.Where much of the content industry revenues are advertising-driven, the business information segment remains largely driven by paid content, either via subscription or transaction (pay-per-view).
The increasing demand for risk mitigation as one of the primary growth factors for the business or company information market. Due to adverse market changes such as fall in stock prices or interest rates, enterprises around the globe are exposed to credit, funds, and operational risks. Funding risks mainly emerge when an enterprise is unable to obtain sufficient funds to meets its financial requirements. Whereas, operational risks include financial loss that an enterprise has incurred due to inefficient internal processes and systems in an organization. To mitigate such risks, organizations have the need to obtain accurate information on the financial activities and also gather information about a market before entering it as it helps them allocate the right number of funds. This will, in turn, fuel the demand for business information tools and services during the forecast period.
The Americas was the major revenue contributor to the market during 2016. This is mainly due to the constantly increasing volume of data from several private and government enterprises in this region that demand the need for improved enterprise-wide financial performance visibility. The US is the major market contributor in the region, where the augmented demand for news, information, and analytics solutions will drive the growth of the market. Furthermore, the economic growth of the country that is attributed to the rapid growth in retail sales and the rise in service and business spending and the presence of a number of major companies that provide business information products and services will also boost the market’s growth in this region. According to analysts, the Americas will continue to dominate the market throughout the predicted period as well.
Market segment by Regions/Countries, this report covers
Market segment by Type, the product can be split into
Educational and Training
Market segment by Application, split into
Request Sample Report and TOC:
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.