DUBLIN–(BUSINESS WIRE)–May 4, 2021–
The global business information services market is forecasted to reach US$297.48 billion in 2024, growing at a CAGR of 6.85% for the period spanning 2020-2024.
The factors such as accelerating economic growth, improving consumer confidence index, growing consumer awareness, developing emerging markets and growing business credit data services are expected to drive the market.
However, the growth of the industry would be challenged by stringent regulations and intense competition.
Few notable trends include surging adoption of IoT, innovation in pricing strategies and high focus on data aggregation. In 2020, the outbreak of COVID-19 pandemic has created an unfavorable impact on the market as business service demand has declined rapidly.
The distinct features of business information services ensure the relatively stable…