OSPREY, Fla., May 17, 2016 /PRNewswire/ -- Spending on Media Intelligence information and software solutions for public relations professionals grew 5.50% in 2015 to USD2,989.6 million, according to a new report by Burton-Taylor International Consulting LLC.
"Social Media management solutions and tools for Media Analysis led growth," says Douglas B. Taylor, Founder & Managing Partner of Burton-Taylor, a recognized leader in information industry market research, strategy and business consulting.
"This is an expanding industry, though currency had a significant impact on 2015 numbers, notably for Media Monitoring, Contact Management and Press Release Distribution," Taylor said. "The strength of the US Dollar robbed the market of as much as 7.00% of growth."
The Burton-Taylor study shows how merger and acquisition activity is reshaping the industry, with Chicago-based Cision occupying the leading spot, at 11.64% market share. PR Newswire - owned by UBM PLC and the subject of an acquisition bid by Cision - was the second-largest service provider in 2015.
"Media Intelligence providers around the world such as Nasdaq, Kantar Media, Meltwater, iSentia and Business Wire are all jockeying for position," says report contributor Chris Porter, Director at Porter Walford Consulting and Burton-Taylor Associate.
"At the same time there are a host of long-established regional vendors, such as Argus de la Presse in France and Swiss/German group Argus Group, as well new-generation providers such as Hootsuite, Brandwatch and Socialbakers. This makes it a fascinating market for buyers of information services", Porter said.
The report shows that the Media Intelligence market has grown at a solid 7.11% compound annual rate (CAGR) over the past five years.
The 106-page Burton-Taylor Media Intelligence/Public Relations Information & Software Global Share & Segment Sizing 2016 - Key Competitors, Global Market Share 2015, Global Segment Sizing 2015, Global Market Trending 2011-15, Global Segment Trending 2011-15 report may be purchased by visiting https://burton-taylor.com/mediaprreport/ or by contacting firstname.lastname@example.org, +1 646 201-4152.
A free download of Burton-Taylor's 2016 Competitor & Segment Market maps, which include extracts from the research and a report Information Kit, may be requested by visiting: http://www.burton-taylor.com/research.html and inputting research sample code MIPRMARKET2016PRN.
About Burton-Taylor International Consulting LLC
Burton-Taylor International Consulting LLC is a recognized leader in information industry market research, strategy and business consulting. B-T Credit, Risk, Compliance, Media Intelligence, PR and Market Data share figures are seen as standards globally. Burton-Taylor clients command an estimated 80% share of global revenue in the Market Data space and include the world's largest information companies and exchange groups, key government organizations and regulatory bodies on multiple continents, the largest advisory firms serving the industry, and more than 30 of the most active private equity and investment companies around the world…all of which using Burton-Taylor data as their industry benchmark. For more information, please see: http://www.burton-taylor.com/
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SOURCE Burton-Taylor International Consulting LLC