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Pune, India, Oct. 10, 2022 (GLOBE NEWSWIRE) — Global business information marketplace size is projected to experience dynamic growth in the coming years due to increasing demand for risk mitigation tools, reveals Fortune Business Insights™ in his report titled “Business Information Market, 2021-2028”.
Business information is one of the vital parts of business strategies that help improve the bottom-line and top-level performance of organizations. Business intelligence tools provide detailed and accurate information about all financing, 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. announced the launch of a ‘Covid+ Credit Resource Center’ to assist customers, provide valuable financial management insights and mitigate the negative impact on their credit during the time of the COVID-19 pandemic.
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There have been significant developments 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 worldwide. This has led to a positive impact on the growth of the business information market in some regions. Thus, COVID-19 acts as a driving factor for the growth of this market.
Drivers / restrictions:
Increasing adoption of information-driven business strategies to feed the market
There has been a growing adoption of information-driven business strategies by major industries in order to expand their businesses 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 and Africa.
Click here to get the short-term and long-term impact of COVID-19 on this market:
https://www.fortunebusinessinsights.com/business-information-market-104831
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By End User
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According to Geography
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Main points
The report contains a rigorous study of all the factors and trends that drive and shape the market size, share and revenue. Further, 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. In addition, a detailed assessment of the competitive landscape and regional market outlook is also included in the report.
Competitive Landscape:
Strategic alliances between key players to fuel competition
Leading companies in the business information market are focusing on strategic partnerships in order to increase their knowledge of business information. This has resulted in increased competition among leading companies, which will help them expand their business horizons and expand their market presence.
List of Key Players Covered in the Business Information 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
- RELX Group plc
- Wolters Kluwer NV
- Thomson Reuters Holdings Inc.
- Dow Jones
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