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public historical documents, photographs, maps, audio material, audiovisual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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