Business Information Market Size [2022-2029]

Pune, India, Oct. 10, 2022 (GLOBE NEWSWIRE) — The global business information marketplace the size is expected to experience dynamic growth in the coming years due to increasing demand for risk mitigation tools, it found Fortune Business Insights™ in its report titled “Business Information Market, 2021-2028”.

Business intelligence is one of the vital parts of business strategies that help to improve the productivity of organizations in the ultimate and best order. Business intelligence tools provide detailed and accurate information on all funding, business operations and financial activities. Hence, there is a growing demand for risk mitigation tools from several industries, which is expected to drive the growth of this market.

Industry Development:

June 2020: Equifax Inc has announced the launch of the ‘Covid + Credit Resource Center’ to help customers provide valuable information to manage their finances and mitigate the negative impact on their credit during the COVID-19 pandemic.

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There has been significant development in the information and technology industry in recent years due to the advent of mobile based information and internet services. Therefore, during the ongoing COVID-19 pandemic, there is a high demand for business information from all major industries around the world. This has resulted in a positive impact on the growth of the business information market in several regions. Thus, COVID-19 is acting as a driving factor for the growth of this market.

Drivers/Restrictors:

The growing adoption of information-driven business strategies to fuel the market

There is an increasing adoption of information business strategies by large industries to expand their business on a large scale. This is an important factor driving the growth of this market in several regions.

Market Segmentation:

On the basis of end-user, the market is segmented into BFSI, healthcare and life sciences, manufacturing, retail, and others. By application, the market is categorized into manufacturing, healthcare, real estate, materials, energy, finance, industrial and others. In terms of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

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Segmentation Through an app

  • Finance
  • Industrial
  • Energy
  • User discretion
  • Materials
  • Information Technology
  • Healthcare
  • Property
  • Telecommunications services
  • others
By end user

  • BFSI
  • Healthcare and Life Sciences
  • production
  • Retail
  • others
At Geography

  • North America
  • South America
  • Europe
  • Middle East and Africa
  • Asia and the Pacific

Accents

The report contains a rigorous study of all the factors and trends driving and shaping the market size, share and revenue. Furthermore, the report provides a microscopic examination of the obstacles hindering the growth of the market as well as provides a careful analysis of the market segments. Furthermore, a detailed assessment of the competitive landscape and regional outlook of the market is included in the report.

The competitive environment:

Strategic alliances between key players to fuel competition

Leading companies in the business intelligence market are focusing on strategic partnerships to enhance their knowledge of business intelligence. This has led to increasing competition among key companies, which will help them expand their business horizons and expand their market presence.

List of Key Players Covered in Business Intelligence Market Report:

  • Bloomberg Finance LP
  • Deloitte Touche Tohmatsu LLP
  • Equifax Inc.
  • Ernst & Young Global Limited
  • Experian Information Solutions Inc.
  • KPMG International Limited
  • PricewaterhouseCoopers Private Limited
  • RELKS Group AD
  • Wolters Kluwer NV
  • Thomson Reuters Holdings Inc.
  • Dow Jones

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