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(MoneyNewsWire.Net, September 20, 2018 ) The information services market comprises establishments primarily engaged in operating news syndicates, libraries and archive facilities.
• Libraries engage in maintaining collections of documents (e.g. books, journals, newspapers, and music) and facilitating the use of such documents (regardless of its physical form and characteristics) to meet informational, research, educational, or recreational needs of their users.
• Archives comprise establishments primarily involved in acquiring, researching, storing, preserving and giving access to public historical documents, photographs, maps, audio material, audiovisual material, and other archival material of historical interest. Most of the resources are electronically accessible.
• News Syndicates comprise establishments primarily engaged in supplying information such as news reports, articles, pictures and features to the news media.
• All other information services industry comprises establishments primarily engaged in providing other information services except news syndicates, libraries, archives, Internet publishing and broadcasting, and web search portals.
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The global information services market has been growing in the past years with a CAGR of almost 3%. The year 2017 recorded high growth in this market with a net market value more than 9% higher than that of 2013, as per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the global information services market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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Asia Pacific was the largest region in the information services market in 2017, accounting for above 30% market share. China was the largest country in the market in 2017, accounting for under 16% market share.
A latest trend in the market is the convergence of library, museum and archive services, as they are inter-related in terms of their service offerings, and have therefore gained acceptance.
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Companies included in the report are Bloomberg, RELX Group, Wolters Kluwer, Associated Press, and Thomson Reuters.
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