2014-02-24 05:27:01 - Global Business Information Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Business Information market is to grow at a CAGR of 4.75 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing need to develop competitive strategies. The Global Business Information markets have also been witnessing the increased penetration of smartphones and tablets. However, the increased availability of free business information could pose a challenge to the growth of this market.
The increased penetration of smartphones and tablets worldwide is one of the major trends in the Global Business Information market. The fact that smartphones and tablets are equipped with the latest apps and advanced features to allow information to be sourced while the customer is out and about has further accelerated
the demand for advanced business information. Smartphones and tablets enable customers to utilize content from any location and at any time. In addition, mobiles and tablets are now being equipped with more personalized services such as location-based mobile technology which could help better segment potential customers for marketing purposes. Therefore, the geometric increase in the number of smartphones and tablets and the high demand for information at all times are leading vendors in the Global Business Information market to develop apps for smartphones.
One of the major drivers is the increasing need to develop competitive strategies. Using business information services, a company can exploit the historical data of various enterprises to identify current risks and future opportunities in the business. This helps enterprises assess their business condition and develop competitive strategies.
Increased availability of free business information in the market is one of the major challenges confronting this market. Several governmental and non-governmental organizations have started providing financial and other confidential information on public internet sources for free, hindering the growth of the market.
The key vendors dominating this market space are Bloomberg L.P., Reed Elsevier plc, Wolters Kluwer N.V., and Thomson Reuters Corp. The other vendors mentioned in the report are Dun and Bradstreet Corp., Dow Jones and Co., Equifax Inc., Experian plc, FactSet Research Systems Inc., Infogroup, Informa plc, TheStreet Inc., United Business media plc, and Interactive Data Corp.
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