Authored By: Sarah
13 Feb 2025

Latest News- Information Services Market: News syndicates is expected to lead the Type segment during 2025-2029

The Information Services Market is being driven by Use of information services for risk management

The Information Services Market is expected to grow at a CAGR of 15.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 182.8 billion. In today's business landscape, numerous corporations globally are incorporating Artificial Intelligence (AI) into their information services to optimize data utilization. By integrating AI, enterprises automate various processes, thereby increasing process efficiency. Moreover, approximately half of an enterprise's workforce spends time on paperwork, negatively impacting Return on Investment (ROI) and adding to costs. Integrating AI in information services not only enhances efficiency and process integrity but also enables AI to categorize and tag information for effortless retrieval in the future. 

Get more information on Information Services Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

  • Type
    • News syndicates
    • Libraries and archives
  • End-user
    • Automotive
    • Healthcare
    • Retail
    • Manufacturing
    • Others
  • Function Type
    • Data Backup and Recovery
    • Network Monitoring and Security
    • Human Resource
    • System Management
  • Geography
    • APAC
      • China
      • India
      • Japan
      • South Korea
    • North America
      • Canada
      • US
    • Europe
      • Germany
      • UK
      • France
      • Italy
    • South America
      • Middle East and Africa

      According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

      • Use of information services for risk management
      • Provision of customer-centric solutions
      • Automation in gathering information

      However, the market also witnesses some limitations, which are as follows:

      • Data misappropriation, theft, and cybersecurity issues
      • Implementation of general data protection regulation
      • Issues related to service-level agreements

      Benefits of Buying Global Information Services Market Research Report by Technavio

      Rich Experience: 20+ years leading global market research, trusted insights across industries.

      Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

      Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

      Market Scope in Information Services Market Research Report

      Market Scope

      Report Coverage

      Details

      Page number

      209

      Base year

      2024

      Historic period

      2019-2023

      Forecast period

      2025-2029

      Growth momentum & CAGR

      Accelerate at a CAGR of 15.8%

      Market growth 2025-2029

      USD 182.8 billion

      Market structure

      market_structure.ucfirst

      YoY growth 2024-2025(%)

      13.3

      Key countries

      US, China, Japan, UK, India, Germany, Canada, South Korea, France, and Italy

      Competitive landscape

      Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

      Request Free Sample

      Find out which segment is leading the market by accessing the free PDF report

      Research Analysis Overview

      In the Information Services Market, businesses seek solutions that foster growth through efficient IT support, helpdesk services, and quick IT resolution. User satisfaction hinges on IT troubleshooting, IT budgeting, and technical debt management. Expert teams address data protection, cybersecurity, and response time concerns. Cloud computing, scalability, IT vendor management, and core business focus are essential. Security awareness training combats social engineering scams and cost-effective solutions. IT asset management, business continuity, disaster recovery, remote monitoring, infrastructure management, and digital transformation are key areas of investment. Amidst the digital world, technology brings efficiency, cost reduction, and peace of mind against network downtime and cyber threats.

      Market Research Overview

      The Information Services Market encompasses businesses providing IT consulting and integration, application, data processing, business process outsourcing, infrastructure, and Internet services. According to Technavio, the Global IT Consulting and Other Services Market size is determined by the consolidated revenue of companies delivering all IT consulting and information management services. This market segment includes income generated via IT service contracts. Key growth drivers for the Global IT Consulting and Other Services Market include: 1. Increased government investments in IT infrastructure: Governments worldwide face a shortage of IT experts. To address this, they are investing in IT consulting and services to modernize their systems and improve user satisfaction. 2. Efficient Helpdesk and IT Resolution Speed: Companies are focusing on quicker IT issue resolution to minimize downtime and enhance productivity. This is driving demand for expert IT teams and advanced IT support services. 3. User Satisfaction: Enhancing user experience and satisfaction is a top priority for businesses. IT consulting and services play a crucial role in implementing new technologies and optimizing existing systems to meet user needs. 4. IT Troubleshooting and Budgeting: Effective IT budgeting and troubleshooting are essential for businesses to manage their IT infrastructure efficiently. IT consulting and services offer expertise in these areas, helping companies reduce technical debt and optimize their IT spend. 5. Technical Debt Management: Managing technical debt is a significant challenge for businesses. IT consulting and services can help organizations assess and prioritize technical debt, ensuring that resources are allocated effectively to resolve critical issues and maintain optimal IT performance. 6. Team of Experts: Access to a team of IT experts is crucial for businesses to stay competitive and innovative. IT consulting and services offer a pool of skilled professionals with diverse expertise, enabling organizations to address complex IT challenges and implement cutting-edge technologies.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


      Contacts

      Technavio Research
      Jesse Maida
      Media & Marketing Executive
      US: +1 844 364 1100
      UK: +44 203 893 3200
      Email: media@technavio.com
      Website: www.technavio.com/

      Read News Read Less
      Interested in this report?
      Get your sample now!

      Safe and Secure SSL Encrypted

      Technavio

      • 2500 USD

      [5 reports/month/user]

      • 5000 USD

      close
      • Basic Plan [5000 USD/Year]:

        Single User
        Download 5 Reports/Month
        View 100 Reports/Month
        Add upto 3 Users at 625 USD/user

      • Teams Plan [7500 USD/Year]:

        5 User
        Download 5 Reports/Month/User
        View 100 Reports/Month/User
        Add upto 30 Users at 500 USD/user

      *You can upgrade to Teams plan at Subscription page

      close
      • Single:

        One user only.
        Quick & easy download option

      • Enterprise:

        Unlimited user access (Within your organization).
        Complimentary Customization Included

      *For Enterprise license, go to checkout page

      Technavio Get the report (PDF) sent to your email within minutes.