Information Services Market to Grow by USD 182.8 Billion by 2029, Use of Services for Risk Management Boosts Market, AI-Powered Market Evolution Report - Technavio

NEW YORK, Feb. 4, 2025 /PRNewswire/ -- Report on how AI is driving market transformation - The global information services market size is estimated to grow by USD 182.8 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 15.8% during the forecast period. Use of information services for risk management is driving market growth, with a trend towards emergence of ai in information management. However, data misappropriation, theft, and cybersecurity issues poses a challenge. Key market players include Agence France Presse, AGS Corp., Australian Associated Press Ltd., Bloomberg LP, Clarivate PLC, FUJIFILM Holdings Corp., GISP Group, Moodys Corp., News Corp., Nexstar Media Group Inc., RELX Plc, S and P Inc., The New York Times Co., Thomson Reuters Corp., United Press International Inc., and Wolters Kluwer NV.

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Market Driver

In today's digital world, Information Services play a crucial role in business growth. Helpdesk services ensure IT resolution speed, leading to increased user satisfaction and productivity. IT budgeting, IT vendor management, and IT asset management help reduce costs and improve efficiency. However, technical debt, network downtime, and cybersecurity threats pose challenges. A team of experts offers cost-effective expertise, providing up-to-date software, network security, and IT support. Data protection and cybersecurity are essential, with security awareness training and social engineering scam prevention. Cloud computing offers scalability, business continuity, and disaster recovery. Remote monitoring and infrastructure management ensure network redundancy and secure infrastructure. Cost-effective solutions, IT support, and digital workspace management enhance productivity and customer satisfaction. Future-proofed services help businesses stay ahead in the digital age. 

Multiple businesses worldwide are incorporating Artificial Intelligence (AI) into their information services to automate processes and boost efficiency. The integration of AI assists in data extraction and processing, reducing the need for manual labor in mundane tasks such as paperwork. This enhancement not only improves the return on investment for enterprises but also minimizes costs. Furthermore, AI technology aids in categorizing and tagging information, ensuring easy access and retrieval in the future. By integrating AI into information services, businesses can streamline their operations and maintain data integrity. 

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Market Challenges

• In today's digital world, businesses face numerous challenges in managing their Information Services. Business growth brings the need for IT budgeting, scalability, and cost reduction. Helpdesk services ensure IT resolution speed and user satisfaction, but IT troubleshooting and cybersecurity threats require a team of experts. Technical debt, network downtime, and cyberattacks pose significant risks, necessitating data protection and cybersecurity measures. Cost-effective solutions, IT asset management, and business continuity plans are essential for mitigating data loss and service interruptions. Cloud computing offers flexibility and up-to-date software, but IT vendor management and infrastructure management are crucial for secure and future-proofed services. Response time, cybersecurity threats, and social engineering scams demand continuous security awareness training. Remote monitoring and network redundancy ensure productivity and customer satisfaction. IT support, computer hardware, and software maintenance are essential for maintaining an efficient and secure digital workspace. In conclusion, businesses must navigate the complexities of the IT landscape to achieve cost reduction, centralization, and a focus on core business functions. Partnering with experts can provide cost-effective expertise, flexibility, and peace of mind in the face of ever-evolving technology.
• Information service providers handle vital and confidential data for both enterprises and individuals. Unauthorized access to this data due to data breaches or insecure digital sharing can result in significant financial losses. With the rise of online security threats and fraudulent activities, particularly in banking transactions, stringent regulations have been imposed. Banks are compelled to invest in advanced technologies to maintain the necessary capital adequacy ratio and safeguard their clients' information. The secure transfer and storage of data are essential to prevent data theft or loss, especially with the increasing use of cloud services.

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Segment Overview

This information services market report extensively covers market segmentation by

• Type
• News Syndicates
• Libraries And Archives
• End-user
• Automotive
• Healthcare
• Retail
• Manufacturing
• Others
• Geography
• APAC
• North America
• Europe
• South America
• Middle East And Africa
• Function Type
• Data Backup And Recovery
• Network Monitoring And Security
• Human Resource
• System Management

1.1 News syndicates- News syndicates aggregate content from various sources, supplying organizations, media outlets, and individuals with a wide range of timely and reliable information. In today's fast-paced world, quick access to global, national, and local news is essential for informed decision-making and market analysis. News syndicates distribute content across multiple channels, including print, digital, broadcast, and social media platforms, ensuring wide reach and accessibility. Businesses, government agencies, and PR firms utilize news syndicates for media monitoring, sentiment analysis, and competitive intelligence, gaining valuable insights into public perception, industry trends, and competitive landscapes. Mobile-based information services, such as those offered by Bloomberg LP and Thomson Reuters Corp., provide real-time updates on market events, news, and research articles, further enhancing the value proposition of news syndicates. These factors contribute to the growth of the news syndicate segment within the global information services market.

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Research Analysis

In the dynamic world of Information Services, businesses seek to optimize their IT operations for growth and efficiency. Helpdesk and IT resolution speed are crucial for user satisfaction, while IT budgeting and technical debt management help keep costs in check. Cybersecurity and data protection are essential components of any IT strategy, ensuring response time and network downtime are minimized. Cloud computing offers scalability and cost-effective solutions, while IT vendor management ensures alignment with core business focus. IT support teams, equipped with expertise in IT troubleshooting and infrastructure management, provide essential services in the digital age. Business continuity and disaster recovery plans are vital for mitigating risks, and remote monitoring enables proactive IT management. IT asset management and cost reduction are ongoing priorities, with security awareness training and protection against social engineering scams essential for maintaining a cybersecurity posture. In the ever-evolving technology landscape, IT services continue to play a pivotal role in driving business success.

Market Research Overview

The Information Services Market is a dynamic and ever-evolving landscape that focuses on helping businesses optimize their IT operations for growth. This market encompasses various services including IT resolution speed, user satisfaction, IT troubleshooting, IT budgeting, and IT vendor management. It also addresses technical debt, data protection, cybersecurity, and response time to minimize network downtime. Cloud computing plays a significant role in this market, offering scalability, cost-effectiveness, and flexibility. Businesses can benefit from a team of experts who provide cost-effective solutions and help manage IT assets. The digital world presents numerous challenges such as cybersecurity threats, data loss, and service interruptions. To mitigate these risks, the market offers services like security awareness training, social engineering scams prevention, and business continuity planning. Disaster recovery and remote monitoring are essential for maintaining secure infrastructure and up-to-date software. The market also provides future-proofed services that help businesses stay productive and focused on their core business. In summary, the Information Services Market offers a range of services designed to help businesses navigate the digital world efficiently, reduce costs, and ensure business continuity. From IT support and infrastructure management to cybersecurity and cloud solutions, this market is an essential partner for businesses seeking to thrive in today's technology-driven economy.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Type
• News Syndicates
• Libraries And Archives
• End-user
• Automotive
• Healthcare
• Retail
• Manufacturing
• Others
• Geography
• APAC
• North America
• Europe
• South America
• Middle East And Africa
• Function Type
• Data Backup And Recovery
• Network Monitoring And Security
• Human Resource
• System Management

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio