DALLAS, Jan. 23, 2015 /PRNewswire-iReach/ -- Increased penetration of smartphones and tablets is a major trend in Business Information market. Consumers in the current business environment are more prone to seeking information ""on-the-go"" on their smartphones or tablets. With the rapid increase in the number of smartphones, vendors are developing business information apps.
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Analysts forecast the Global Business Information market to grow at a CAGR of 5.15% over the period 2014-2019. According to the report, increased need to develop competitive strategies is one of the major drivers of the market. Using business information services, companies can exploit enterprises' historical data to identify current risks and future opportunities in their sectors. This helps enterprises assess their business condition and develop competitive strategies.
Business information services provides various forms of content, including information on M&A; news; market research; financial, legal, marketing, and credit information; and healthcare and current awareness news. These services are offered by business information providers on a subscription basis for a monthly or yearly fee. Business professionals rely on business information providers to obtain a reliable, accurate, and unbiased insight into the industry trends, opportunities, threats, and competition, which are constantly reshaping the markets. This helps them derive actionable insights and make decisions to maintain their market position.
The Global Business Information Market 2015-2019 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Business Information market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
The report covers the present scenario and the growth prospects of the Global Business Information market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of business content and services to business professionals on a subscription basis.
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The report recognizes the following companies as the key players in the Global Business Information Market: Bloomberg LP, Experian Data Quality Inc., News Corp., Reed Elsevier plc/Reed Elsevier NV, Thomson Reuters Corp. and Wolters Kluwer NV.
Other Prominent Vendors in the market are: Dun & Bradstreet, Equifax, FactSet Research Systems, Hoovers, Infogroup, Informa, McGraw-Hill Financial, Moody's Analytics, Morningstar, SIX Financial Information, Tradeweb Markets and Westlaw.
Further, the report states that the increase in the availability of free business information is one of the major challenges for this market. Both governmental and non-governmental organizations have started providing free financial and other confidential information on public internet sources, hindering the growth of the market.
List of Exhibits:
Exhibit 1: Market Research Methodology
Exhibit 2: Types of Business Information
Exhibit 3: Global Business Information Market 2014-2019 (US$ billion)
Exhibit 4: Global Business Information Market by Category Segmentation 2014-2019 (US$ billion)
Exhibit 5: Global Business Information Market by Category Segmentation 2014
Exhibit 6: Global Business Information Market by Category Segmentation 2019
Exhibit 7: Global Business Information Market by Category Segmentation 2014-2019
Exhibit 8: Global Financial Information Services Market 2014-2019 (US$ billion)
Exhibit 9: Global Legal, Tax and Public Record Services Market 2014-2019 (US$ billion)
Exhibit 10: Global Marketing Information Services Market 2014-2019 (US$ billion)
Exhibit 11: Global Credit Information Services Market 2014-2019 (US$ billion)
Exhibit 12: Global Healthcare Information Services Market 2014-2019 (US$ billion)
Exhibit 13: Global Current Awareness News and Research Services Market 2014-2019 (US$ billion)
Exhibit 14: Global Business Information Market by Geographical Segmentation 2014
Exhibit 15: US: GDP Growth Rate 2008-2013 (US$ billion)
Exhibit 16: US: Contribution of Various Sectors to GDP 2013
Exhibit 17: US: GDP per Capita 2008-2013 (US$)
Exhibit 18: Per Capita GDP Growth Rate in Japan 2008-2013 (US$ billion)
Exhibit 19: CPI Inflation in Japan 2008-2013
Exhibit 20: Global Business Intelligence Tools Market 2013-2018 (US$ billion)
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The report has the following key findings:
- Research estimates that the global mobile phone insurance market is expected for account for nearly $31 Billion in revenue by the end of 2015
- The market is further expected to grow at a CAGR of nearly 10% over the next five years, eventually accounting for over $48 Billion in revenue by the end of 2020
- In an effort to boost the uptake of mobile phone insurance, wireless carriers and insurance providers have extensively enhanced their insurance offerings with the addition of data protection/recovery features and integrated technical support
- Mobile device OEMs are keen to develop alliances with local insurance regulators to improve the sales prospects of their smartphones sold through their branded retail stores
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