Global Information Services Market Size to Grow by USD 203.8 Billion | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, And Trends | Vantage Market Research

WASHINGTON, July 25, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Information Services Market finds that the increasing use of social media platforms for communication and connecting purposes is anticipated to fuel the growth of the Information Services Market during the forecast period. Many peoples use social platforms to transform information and connect with their families & friends. Thus, increasing usage of social networking platforms is accelerating the growth of the Information Services Market industry in the coming years. The Global Information Services Market revenue is expected to reach a value USD 203.8 Billion in 2028.

The Global Market revenue stood at a value USD 132.1 Billion in 2021 and is expected to grow to exhibit a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period; states Vantage Market Research, in a report, titled “Information Services Market Size, Share & Trends Analysis Report by Type (News Syndicates, Libraries & Archives, Other Information Services), by Deployment Mode (On-Premises, Cloud), by End-User (B2B, B2C), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.

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Key Insights & Findings from the Report:

• According to our primary respondents’ research, the Information Services market is predicted to grow at a CAGR of roughly 7.5% during the forecast period.
• The Information Services market was estimated to be worth roughly USD 132.1 Billion in 2021 and is expected to reach USD 203.8 Billion by 2028; based on primary research.
• On the basis of region, Asia Pacific is projected to dominate the worldwide Information Services market.
  

Market Dynamics:

Drivers:

Increase in Use of Social Networking Sites Drives the Market

Social media is a way of communication that utilize the internet. Users can engage in conversations, share information, and produce content for the web via social media platforms. To survive in life, they require the company of others. Many people in the modern world use social media sites like Facebook, Twitter, Snapchat, YouTube, and Instagram to interact, locate, and share information. Social media is used by 58.4% of people worldwide 2 hours and 27 minutes are used on average per day (January 2022). The top three most popular social networks are Facebook, and YouTube and the rest are metaverses, which include WhatsApp, Instagram, and Facebook Messenger. Increased adoption of these apps will propel the growth of the Information Services Market.

Increasing Data Hosting and Processing Services Drives the Market

The increasing demand for data hosting and processing services in many applications is accelerating the high concentration towards the Information Services Market industry. In addition, many leading companies started marketing with the use of cloud computing techniques which led to the steady growth of the Information Services Market in the next few years. Furthermore, the continued shift of media to online platforms to operate and manage their information services needs has resulted in the maximum growth of the Information Services Market.

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Segmentation of the Global Information Services Market:

• Type
  • News Syndicates
  • Libraries & Archives
  • Other Information Services
• Deployment Mode
  • On-Premise
  • Cloud
• End-User
  • B2B
  • B2C
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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COVID-19 Impact Analysis:

The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms to restrict the effect of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the Information Services Market industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:

1. Impact Assessment of COVID-19 Pandemic
   

a. North America

b. Europe

c. Asia Pacific

d. Latin America

e. Middle East & Africa

1. Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
2. Key Strategies Undertaken by Companies to Tackle COVID-19
3. Long Term Dynamics
4. Short Term Dynamics

The Report on Information Services Market Highlights:

• Assessment of the market
• Premium Insights
• Competitive Landscape
• COVID Impact Analysis
• Historic Data, Estimates, and Forecast
• Company Profiles
• Global and Regional Dynamics
  

Browse market data Tables and Figures spread through 148 Pages and in-depth TOC on "Information Services Market Size, Share & Trends Analysis Report by Type (News Syndicates, Libraries & Archives, Other Information Services), by Deployment Mode (On-Premises, Cloud), by End-User (B2B, B2C), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)".

Regional Analysis:

Asia Pacific Anticipated Potential Market Growth

Asia Pacific is expected to dominate the growth of Information Services Market in 2021. This growth is accounted to the increasing use of cloud technologies in this region. In addition, the growing proliferation of tablets & smartphones and the presence of major leading players in this region are expected to augment the maximum market growth in this region. Furthermore, increasing fintech initiatives by many governments to make a digital nation is anticipated to bolster the Information Services Market expansion during the forecast timeframe.

List of Prominent Players in the Information Services Market:

• 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
• Cuyahoga County Public Library

Key questions answered in the report:

• Which regional market will show the highest and rapid growth?
• Which are the top five players of the Information Services Market?
• How will the Information Services Market change in the upcoming six years?
• Which application and product will take a lion’s share of the Information Services Market?      
• What is the Information Services market drivers and restrictions?
• What will be the CAGR and size of the Information Services Market throughout the forecast period?       

This market titled “Information Services Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:

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