Global Information Service Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Published : 30 Aug 2024
Report Type : Global

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Home > Reports > Information Technology > Information Communications Technology > Global Information Service Market – Size, Outlook, Trends and Forecast (2024 – 2032)
Global Information Service Market - Size
Study Period
2018 - 2030
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
CAGR
7 %
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Information Services (IS) is a set of integrated components which is used for the storing, processing, gathering and communicating several types of information to increase the efficiency of organizations. An information services component covers academic and professional disciplines spanning in the field of computer science and business organizations.

Global Information Service Market Segments Size & Growth:

Global Information Service market is accounted for $XX billion in 2018 and expected to grow with a CAGR of XX% to reach $XX billion by 2025 during the forecast period 2019-2025. Decreasing operational expenses and growing in ROI, increasing financial management and emerging adoption of cloud-based services in various end users are the major factors boosting the growth of the market. However, high implementation cost and increasing incidences of security & privacy breaches are hampering the growth of the market. Improving the customer relationships and increasing adoption of the IoT technologies to remain efficient and improve processes are creating a huge number of opportunities in the upcoming future.

Global Information Service Market Segments Share:

Global information service market is categorized into by type which consists of global information system, decision support system, enterprise collaboration system, data warehouses, transaction process system, expert system, executive support system, office automation, enterprise resource management, and management information

Global Information Service Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
system.  Global information system and transaction process system segments held the major share in the market during the forecast period owing to the growing ability to handle several transactions at once, ensures integrity, availability and security of data and increasing usage of information system technologies like the message, emails and video calls.

IT & telecommunication and banking, finance, service & insurance segments are likely to grow with a moderate CAGR owing to the emerging growth in financial management and decreasing the operational expenses.

By Geography, the Asia-Pacific is accounted for the major share in the global information service market, with 30.01 % share in 2018 based on information service market trends in this region. This growth is attributed to increasing growth in the population are accessing archives, news content and libraries for information. However, Europe region has substantial growth in the information service market during the forecast period due to the growing adoption of novel information technologies by the business and other organizations.

Global Information Service Market Segments Trends:

  • In October 2018, Information Service group has launched the novel block chain technology to increase the efficiency, accuracy and security of the business organizations.
  • In August 2018, Microsoft Corporation has launched chatbot technology for ease

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Global Information Service Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
access to stock market information.

Global Information Service Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analyzed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organization to have a better foothold in the market.

The major key information service market leaders are:

  • Microsoft Corporation
  • Amazon Inc.
  • Samsung Company
  • Sageworks Inc.
  • Tata Consultancy Services Ltd.
  • Visible Alpha LLC
  • Algomi Ltd.
  • Exertis Ltd.
  • ISG Group Company

 

Along with these companies, there were many other companies considered/cited in the report while analyzing the global information service market size. These companies hold substantial share is owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

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