Global B2B Information Services Market Size By Service Type, By Delivery Mode, By End-User Industry, By Geographic Scope And Forecast

B2B Information Services Market Size And Forecast

B2B Information Services Market size was valued at USD 900.02 Million in 2023 and is projected to reach USD 1238.91 Million by 2030, growing at a CAGR of 6.6% during the forecast period 2024-2030.

Global B2B Information Services Market Drivers

The market drivers for the B2B Information Services Market can be influenced by various factors. These may include

• Digital Transformation One important factor is the continuous digital transformation that is occurring across sectors. In order to simplify operations, businesses are depending more and more on digital platforms and technologies, and B2B information services are essential for supplying the data and insights that are required.
• Data analytics and business intelligence The need for B2B information services has increased due to the growing significance of data-driven decision-making. Businesses are looking for business intelligence and advanced analytics technologies to help them glean insights from massive amounts of data.
• Globalisation of Businesses As companies grow internationally, they need to have precise and thorough knowledge of foreign markets, laws, and rivals. Global coverage B2B information services are highly sought after.
• Regulatory Compliance Organisations must be up to date on compliance obligations due to the constantly shifting regulatory environment. Organisations can better manage complicated compliance challenges by using B2B information services that offer current regulatory information.
• Risk Management Effective risk management is a growing area of concern for businesses. To help businesses reduce operational risks, B2B information services that include risk assessment, market knowledge, and assistance with due diligence are crucial.
• Artificial Intelligence and Machine Learning By incorporating cutting-edge technologies like AI and machine learning into business-to-business information services, businesses can improve their capacity for data analysis, trend prediction, and automated decision-making.
• Industry-specific Solutions Customised B2B information services are becoming more and more popular. Examples of these include healthcare, banking, and manufacturing. These sector-specific solutions assist corporate strategies and offer focused insights.
• Demand for Real-time Information As corporate processes move more quickly, there is an increasing need for real-time information. The value of B2B information services that can provide pertinent and timely data is growing.
• Cybersecurity Concerns Businesses are being increasingly watchful of cybersecurity as cyber threats continue to change. Organisations need B2B information services that provide cybersecurity intelligence and threat assessments in order to safeguard their digital assets.
• Economic and Market Trends The requirement for ongoing observation of economic indicators and market trends stems from variations in the global economy and market dynamics. Businesses are assisted in making wise decisions by B2B information services that offer insights into these variables.

Global B2B Information Services Market Restraints

Several factors can act as restraints or challenges for the B2B Information Services Market. These may include

• Cost Restrictions B2B information services are frequently paid for, and for certain companies, particularly smaller ones with tighter resources, the expense of a subscription or access to premium data sets can be a major barrier.
• Data Quality and Accuracy Businesses may make poor decisions if B2B information services give them outdated or erroneous data. Data quality and accuracy issues can be a hindrance, particularly in fields where accuracy is vital.
• Security and Privacy Issues Businesses may be reluctant to implement B2B information services if they have worries about the management and protection of sensitive information, given the growing emphasis on data privacy and security rules.
• Integration Challenges It might be difficult to integrate B2B information services with current procedures and systems. It could be difficult for businesses to integrate these services into their daily operations without difficulty, which could be a limitation.
• Lack of Customisation Businesses may find it difficult to customise certain B2B information services to meet their unique requirements due to customisation restrictions. A lack of adaptability may provide a challenge for businesses with particular needs.
• Opposition to Change Companies may encounter internal opposition while implementing new information services and technology, especially those with conventional business structures. This aversion to change may prevent B2B information services from being widely used.
• Restricted Accessibility Depending on the industry or region, access to B2B information services may occasionally be limited. Businesses operating in areas where these services are not easily accessible may find themselves working under constraints due to limited accessibility.
• Data Integration Complexity B2B information services frequently handle substantial amounts of data from several sources. Businesses may find it difficult to integrate and normalise data from various forms and structures due to its complexity.
• Competitive Landscape A number of suppliers may offer comparable products in the B2B information services sector, making it a potentially fiercely competitive industry. Pricing pressures and decreased profit margins for service providers are possible outcomes of intense competition.
• Legal and Compliance Issues It can be difficult to follow all the rules when it comes to legal and compliance, particularly in highly regulated industries. Adoption of B2B information services may be hampered by worries about compliance in complex legal environments.

Global B2B Information Services Market Segmentation Analysis

The Global B2B Information Services Market is Segmented on the basis of Service Type, Delivery Mode, End-User Industry, and Geography.

B2B Information Services Market, By Service Type

• Data and Analytics Services This segment includes companies that provide data analysis, market research, and business intelligence services to help businesses make informed decisions.
• Industry-Specific Information Services Companies specializing in providing information and insights tailored to specific industries, such as finance, healthcare, technology, or manufacturing.
• Subscription Services Platforms that offer subscription-based access to a variety of business information, research reports, and industry analysis.

B2B Information Services Market, By Delivery Mode

• Online Platforms B2B information services delivered through online platforms, which may include web-based dashboards, portals, and software as a service (SaaS) solutions.
• Offline Services Some B2B information services may be delivered through traditional offline channels, such as printed reports, consulting services, or direct interactions with experts.

B2B Information Services Market, By End-User Industry

• Finance and Banking B2B information services catering specifically to the financial and banking sector, providing data on markets, investments, and financial trends.
• Healthcare Information services focused on the healthcare industry, offering insights into healthcare trends, regulatory changes, and market dynamics.
• Technology and IT Services providing information related to technology trends, IT infrastructure, software development, and emerging technologies.
• Manufacturing B2B information services targeted at the manufacturing sector, offering insights into supply chain management, industry trends, and market analysis.
• Retail Information services tailored to the retail industry, including data on consumer behavior, market trends, and competitive analysis.

B2B Information Services Market, By Geography

• North America Segmenting the market based on geographical regions, including the United States, Canada, and other North American countries.
• Europe B2B information services segmented based on European regions and countries.
• Asia-Pacific Considering the market segments in countries such as China, India, Japan, and other Asia-Pacific nations.
• Latin America Information services segmented for countries in Latin America.
• Middle East and Africa Segmentation based on the unique needs and dynamics of businesses in the Middle East and African regions.

Key Players

The major players in the B2B Information Services Market are

• Forrester
• Gartner
• IDC
• Nielsen
• Bloomberg
• Thomson Reuters
• S&P Global
• Moody’s Analytics
• Dun & Bradstreet
• Experian
• Clarivate Analytics
• LexisNexis

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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