About Information Services
Information services which are also known as an information system is an integrated set of components which is used for gathering, processing, storing and communicating the multiple types of information for improved organizational and societal efficiency. Information services are vital but changing part of the mission and function of the library institution. While the continually expanding availability of digitized materials and electronic resources has changed the nature of reference, while the essential service has remained central.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.14% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Information Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bloomberg (United States), RELX Group (United Kingdom), Wolters Kluwer (Netherlands), Associated Press (United States), Thomson Reuters (Canada), Google News (United States), Freedigitalphotos.net (Hong Kong), Shutter Stock (United States), Agence France-Presse (France) and Associated Press (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are British Library (United Kingdom) and New York Public Library (United States).
Segmentation Overview
AMA Research has segmented the market of Global Information Services market by Type (Libraries, Archives, News Syndicates and Others), Application (Professional and Individual) and Region.
On the basis of geography, the market of Information Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Cloud service providers are offering options to information services providers for storing long term data on cloud
Market Growth Drivers:
Access from multiple locations and Favorable initiatives by the top companies
Challenges:
Integration and interoperability
Restraints:
Movement from flat fee pay to pay – per – use model and Issues of access and cultural diversity
Opportunities:
Many cloud service companies such as Google and AWS are offering holistic solutions to migrate documents, photographs, audio and video content to cloud
Market Leaders and their expansionary development strategies
In November 2023, Vodafone Group Plc announced its intention to create a strategic partnership with Accenture to commercialize Vodafone’s shared operations to accelerate growth, enhance customer service and drive significant efficiencies for Vodafone’s operating companies and partner markets, as well as create new career opportunities for its people.
In November 2023, Accenture unveiled a comprehensive set of new services designed to help companies customize and scale the value of generative AI. In order to move from experimentation to scaled implementation, our clients need a strong data and AI foundation, which is underpinned by large language models that are tailored to meet their specific business needs, along with the training needed for their people to use and manage those models.
Key Target Audience
Providers of Information Services, Software companies, Research institute, Government bodies, End users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.