TechNavio recognizes the following companies as the key players in the Global Business Information Market: Thomson Reuters, Bloomberg, Reed Elsevier plc, and Wolters Kluwer N.V.
Commenting on the report, an analyst from TechNavio’s Enterprise Computing team said: ”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.”
According to the report, 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.
Further, the report states that 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 report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Experian plc, Dun and Bradstreet Corp., Equifax Inc., FactSet Research Systems Inc., Infogroup, Informa plc, Interactive Data Corp., TheStreet Inc. and United Business Media plc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-business-information-market-2012…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/enterprise-computing
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TechNavio Announces the Publication of its Research Report – Global Business Information Market 2012-2016
