Business Information Market to Grow with a CAGR of 10.22% through 2029

Technological advancements and increasing demand for data-driven decision making are likely to drive the market in the forecast period.

According to TechSci Research report, “Business Information Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, Global Business Information Market was valued at USD 20.67 Billion in 2023 and is expected to reach USD 37.94 Billion by 2029 with a CAGR of 10.22% during the forecast period.  

The advent of advanced technologies such as artificial intelligence (AI), machine learning (ML), big data analytics, and cloud computing has significantly propelled the global Business Information market. These technologies enable the efficient collection, processing, and analysis of vast amounts of data from diverse sources, transforming raw information into actionable insights with unprecedented speed and accuracy. AI and ML, in particular, facilitate predictive analytics, allowing businesses to forecast market trends, consumer behavior, and potential risks. This capability is crucial for making informed strategic decisions and gaining a competitive edge. Cloud computing has revolutionized the way business information is stored and accessed. It offers scalable, cost-effective solutions for data management and provides real-time access to information from anywhere in the world. This flexibility is particularly valuable in the current era of remote work and globalization, where business operations are increasingly decentralized. The integration of blockchain technology also enhances the security and transparency of business information, ensuring data integrity and reducing the risk of fraud.

As these technologies continue to evolve, their integration into business information systems will only deepen, offering more sophisticated tools for data analysis and decision-making. Companies that leverage these technological advancements can optimize their operations, innovate more effectively, and respond swiftly to market changes, driving the growth of the global Business Information market.

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Based on End User, The BFSI segment held the largest Market share in 2023. The BFSI sector dominates the Global Business Information market due to several compelling reasons rooted in its operational complexities, regulatory demands, and critical need for data-driven decision-making. The BFSI sector operates in a highly dynamic and competitive environment where timely and accurate information is crucial. Financial institutions need to analyze vast amounts of data to make informed investment decisions, assess market risks, and develop strategic plans. Business information services provide the necessary tools and insights for these institutions to stay ahead of market trends, identify emerging opportunities, and mitigate potential risks.

Regulatory compliance is a significant driver in the BFSI sector. Financial institutions are subject to stringent regulations and reporting requirements imposed by various regulatory bodies across the globe. Compliance with these regulations requires access to comprehensive and up-to-date business information. Accurate data helps institutions ensure adherence to financial reporting standards, anti-money laundering (AML) regulations, and other compliance mandates. Non-compliance can result in severe penalties, making reliable business information indispensable. Risk management is a core function in the BFSI sector. Institutions must continuously monitor and assess risks related to credit, market volatility, liquidity, and operational challenges. Business information services offer advanced analytics and risk assessment tools that help financial institutions evaluate risk profiles, develop mitigation strategies, and enhance their overall risk management frameworks.

The BFSI sector also heavily relies on predictive analytics and real-time data to optimize operations. Financial markets can change rapidly, and having access to real-time information enables institutions to react swiftly to market fluctuations, adjust their portfolios, and make timely decisions. This agility is vital for maintaining competitiveness and maximizing returns. The rise of fintech innovations and digital transformation in the BFSI sector has further increased the demand for advanced business information solutions. As financial services become more digitalized, the need for sophisticated data analytics and insights grows, reinforcing the sector’s dominance in the Business Information market.

Based on region, Asia-Pacific is the fastest-growing region in the Global Business Information Market, driven by rapid economic growth, urbanization, and digitization across countries like China, India, Japan, and Southeast Asian nations. This region's expansion is fueled by the increasing adoption of digital technologies, such as cloud computing, big data analytics, and artificial intelligence, across industries. These advancements enable businesses to leverage real-time insights, optimize operations, and stay competitive in an increasingly data-driven global economy. A key factor behind the region's growth is the significant rise in small and medium-sized enterprises (SMEs) and startups, particularly in emerging markets like India and Indonesia. These businesses increasingly rely on business information tools to gain market insights, understand consumer behavior, and make informed strategic decisions. Government initiatives promoting digital transformation, such as India's "Digital India" campaign and China's "Internet Plus" strategy, further encourage the adoption of business intelligence solutions. 

Asia-Pacific's BFSI sector also plays a crucial role, driven by rising financial inclusion, mobile banking adoption, and stringent regulatory requirements. These trends demand robust analytics and data solutions to ensure compliance, improve customer experience, and enhance risk management. Furthermore, the region's vast and diverse consumer base generates substantial demand for market intelligence. Companies seek detailed data to tap into this potential, driving the adoption of business information tools. The rapid growth of e-commerce, healthcare, and manufacturing sectors in Asia-Pacific also accelerates the need for business intelligence to navigate complex supply chains and customer demands effectively. 

Major companies operating in the Global Business Information Market are: 

• Bloomberg L.P.
• Thomson Reuters Corporation
• S&P Global Inc.
• Dow Jones & Company, Inc
• FactSet Research Systems, Inc.
• Nielsen Group of Companies
• Experian Credit Information Company of India Private Limited
• Dun & Bradstreet Information Services India Private Limited

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“The Global Business Information Market is expected to rise in the upcoming years and register a significant CAGR during the forecast period. The Global Business Information market presents a significant opportunity driven by the increasing reliance on data-driven decision-making and advanced analytics. As organizations seek to navigate complex market dynamics and regulatory environments, the demand for accurate, real-time business information is surging. Technological advancements in AI, machine learning, and big data analytics further enhance the value proposition, enabling deeper insights and predictive capabilities. Companies that can offer comprehensive, reliable, and customizable business information services stand to gain a competitive edge, catering to the evolving needs of diverse industries and fostering innovation and strategic growth.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Business Information Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Application (Financials, Industrials, Energy, Consumer Discretionary, Materials, Information Technology), By End User (BFSI, Healthcare & Life Sciences, Manufacturing, Retail, Others) By Region, By Competition, 2019-2029F”, has evaluated the future growth potential of Global Business Information Market and provides statistics & information on Market size, structure and future Market growth. The report intends to provide cutting-edge Market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Business Information Market.

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