Pune, India, October 10, 2022 (Global News) – Global business information market Dynamic growth in size is expected over the next few years due to increasing demand for risk mitigation tools, finds Fortune Business Insights™ In its report titled “Business Information Market 2021-2028”.
Business information is one of the key components of business strategy and helps improve an organization’s bottom- and top-line performance. The Business Information Tool provides detailed and accurate information on all funding, business operations and financial activities. Hence, the increasing demand for risk mitigation tools across multiple industries is expected to drive the growth of this market.
Industry Development:
June 2020: Equifax Inc announced the launch of the “COVID+ Credit Resource Center” to assist customers, provide valuable insights for managing their finances and mitigate the negative impact on their credit during the COVID-19 pandemic.
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In recent years, the information and technology industry has grown significantly due to the advent of mobile-based information and Internet services. As a result, there is a high demand for business information in all major industries around the world during the ongoing COVID-19 pandemic. This has positively impacted the growth of the business information market in several regions. Hence, COVID-19 is the driving factor for the growth of this market.
Drivers/Constraints:
Increasing adoption of information-driven business strategies to drive the market
Major industries are increasingly adopting information-driven business strategies to scale operations at scale. This is an important factor driving the growth of this market in multiple regions.
Market Segmentation:
On the basis of end user, the market is segmented into BFSI, Healthcare & Life Sciences, Manufacturing, Retail, and others. By application, the market is segmented into manufacturing, healthcare, real estate, materials, energy, finance, industrial, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
Click here for the short- and long-term impact of COVID-19 on the market:
https://www.fortunebusinessinsights.com/business-information-market-104831
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The report provides a rigorous study of all the factors and trends driving and shaping the market size, share, and revenue. Furthermore, the report provides a micro-examination of the obstacles hindering the market growth and a careful analysis of the segments. In addition, a detailed assessment of the market competition landscape and regional outlook is included in the report.
Competitive Landscape:
Strategic alliances among key players to foster competition
Leading companies in the business information market are focusing on strategic partnerships to increase their knowledge of business information. This has resulted in increasing competition among major companies, which will help them to expand their business scope and increase their market share.
List of Key Players Covered in the Business Information Market Report:
- Bloomberg Financial LLC
- Deloitte Touche Tohmatsu Certified Public Accountants
- Equifax Inc.
- Ernst & Young Global Limited
- Experian Information Solutions
- KPMG International Limited
- PricewaterhouseCoopers Pte Ltd
- RELX Group
- Wolters Kluwer NV
- Thomson Reuters Holdings
- Dow Jones
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