• January 2024, Bloomberg L.P. announced the release of Data Access, an extension of Bloomberg Transaction Cost Analysis solution (BTCA), which enables clients to access data more easily through an Application Programming Interface (API).
• In June 2020, Equifax Inc announced the launch of a ‘COVID + Credit Resource Centre’ to help customers, to provide valuable insights for managing finances, and mitigate the negative impact on their credit during the COVID,19 pandemic time

In this report, the Business Information Market has been segmented by Component, Deployment Mode, Application, End-User, and Geography.

Business Information Market, Segmentation by Component

The Business Information Market has been segmented by Component into Software and Services.

Software
The software segment dominates the Business Information Market, accounting for nearly 60% of the total revenue share. This growth is fueled by the widespread adoption of data analytics platforms, automated reporting solutions, and real-time decision-making tools. Organizations increasingly rely on these technologies to improve strategic planning and enhance operational efficiency.

Services
The services segment holds approximately 40% of the market share, driven by the rising need for consulting, implementation support, and managed services. Businesses depend on these offerings to effectively deploy software solutions, maintain system uptime, and access expert insights tailored to their industry-specific challenges.

Business Information Market, Segmentation by Deployment Mode

The Business Information Market has been segmented by Deployment Mode into On-Premises and Cloud.

On-Premises
The on-premises segment accounts for nearly 45% of the Business Information Market, appealing to enterprises that require greater control over their data infrastructure and security protocols. This deployment mode is commonly favored by industries with strict compliance requirements and legacy system integration needs.

Cloud
The cloud segment leads the market with a share of approximately 55%, fueled by the growing demand for scalable, cost-effective, and remotely accessible solutions. Cloud-based business information platforms enable faster deployment, seamless updates, and enhanced collaboration across geographically dispersed teams.

Business Information Market, Segmentation by Application

The Business Information Market has been segmented by Application into Financials, Industrials, Energy, Consumer Discretionary, Materials, Information Technology and Others.

Financials
The financials segment holds the largest share of the Business Information Market at approximately 30%, driven by the sector’s heavy reliance on real-time market data, credit analytics, and risk management tools. Financial institutions use these solutions to support investment strategies, ensure regulatory compliance, and improve operational transparency.

Industrials
The industrials segment accounts for around 18% of the market, with companies adopting business information tools for supply chain optimization, logistics planning, and predictive maintenance. This helps industrial players increase efficiency and respond swiftly to market fluctuations.

Energy
Representing roughly 12% of the market, the energy segment utilizes business information platforms for asset monitoring, market forecasting, and regulatory reporting. The need to manage fluctuating commodity prices and comply with environmental standards fuels this demand.

Consumer Discretionary
The consumer discretionary segment captures nearly 10% of the market, benefiting from insights into consumer behavior trends, e-commerce analytics, and product demand forecasting. Brands use this data to tailor offerings and stay competitive in dynamic retail environments.

Materials
Holding close to 8% of the market, the materials segment leverages business information for inventory planning, sourcing strategies, and market intelligence. This is especially relevant for firms in mining, chemicals, and construction materials.

Information Technology
With an estimated 15% share, the information technology segment uses business data to support innovation cycles, project tracking, and competitive benchmarking. IT service providers depend on real-time insights for optimizing their offerings and strategic positioning.

Others
The ‘Others’ category comprises about 7% of the market and includes sectors such as healthcare, telecommunications, and education. These industries apply business information tools to improve decision-making, track performance metrics, and align with evolving regulatory demands.

Business Information Market, Segmentation by End-User

The Business Information Market has been segmented by End-User into BFSI, Healthcare and Life sciences, Manufacturing, Retail and Others.

BFSI
The BFSI segment dominates the Business Information Market with an estimated share of 35%, due to the sector’s high dependence on financial analytics, regulatory compliance tools, and fraud detection systems. Banks and financial institutions use business information to make informed lending decisions, monitor risks, and streamline operations.

Healthcare and Life Sciences
This segment contributes approximately 20% to the market, driven by the rising adoption of clinical data analytics, regulatory reporting systems, and patient insights platforms. Business information tools help healthcare providers and pharma companies enhance research efficiency and patient care.

Manufacturing
The manufacturing segment holds around 18% market share, leveraging business information to optimize production planning, enhance supply chain visibility, and enable real-time decision-making. These tools help manufacturers improve operational efficiency and maintain a competitive edge.

Retail
Retail accounts for nearly 17% of the market, benefiting from consumer analytics, sales forecasting, and inventory management systems. Retailers use business information to personalize marketing, predict demand, and enhance customer experience.

Others
The 'Others' segment, covering sectors like education, transportation, and telecommunications, represents about 10% of the market. These end-users utilize business information to support strategic planning, improve operational performance, and align with industry-specific regulations.

Business Information Market, Segmentation by Geography

In this report, the Business Information Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Business Information Market Share (%), by Geographical Region

North America
North America holds the largest share of the Business Information Market at approximately 38%, fueled by strong adoption of advanced analytics platforms and cloud-based intelligence tools across industries. The presence of major technology providers and early digital transformation initiatives contributes to the region’s dominance.

Europe
Europe accounts for around 25% of the market, driven by growing investments in business intelligence infrastructure and increasing demand for compliance management solutions. The region’s emphasis on data privacy and structured business processes further supports market growth.

Asia Pacific
The Asia Pacific region represents about 22% of the market, with rapid growth attributed to rising digitalization in emerging economies like China, India, and Southeast Asia. Increasing demand for data-driven decision-making and expansion of SMEs adopting analytics platforms are key growth drivers.

Middle East and Africa
This region contributes roughly 8% to the global market, supported by initiatives in smart governance, digital transformation, and enterprise automation. As regional economies diversify beyond oil, demand for business insights is gradually increasing.

Latin America
Latin America holds a market share of approximately 7%, driven by the growing need for operational intelligence tools, particularly in sectors like retail, manufacturing, and banking. The region is witnessing steady adoption of cloud-based business intelligence solutions.

This report provides an in depth analysis of various factors that impact the dynamics of Business Information Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity

Drivers

• Rising demand for real-time data insights
• Growth of digital transformation initiatives
• Increased reliance on market intelligence platforms

• Adoption of data-driven decision-making models - The widespread adoption of data-driven decision-making models is significantly propelling the growth of the business information market. Organizations across sectors are increasingly shifting away from intuition-based strategies toward insights powered by analytics and structured data. This transition requires access to reliable, real-time, and actionable business intelligence that supports strategic planning and operational execution.

  With growing pressure to remain competitive in dynamic markets, companies are investing in platforms that enable deep market research, competitor benchmarking, customer segmentation, and financial analysis. Business information providers deliver the tools and content necessary for making faster, evidence-backed decisions. These models also allow firms to quickly identify opportunities, assess risks, and optimize resource allocation in fast-evolving environments.

  Data-driven frameworks are especially valuable in sales, marketing, finance, and risk management, where precise metrics and predictive modeling are essential. Enterprises are integrating business information feeds with their CRM, ERP, and analytics dashboards to build intelligent ecosystems that enhance overall performance. Such integration allows for real-time monitoring of KPIs, customer behavior, and market fluctuations.

  As artificial intelligence and automation become more prevalent, decision-making models will become even more sophisticated. Business information platforms that provide customized dashboards, automated insights, and AI-powered recommendations are gaining traction. This shift will continue to drive demand for high-quality information sources capable of supporting data-centric business strategies.

Restraints

• High subscription and service acquisition costs
• Concerns over data accuracy and relevance
• Complexity in integrating multiple data sources

• Limited access in emerging small enterprises - One of the critical restraints impacting the business information market is the limited access in emerging small enterprises. Many small and medium-sized enterprises (SMEs), especially in developing regions, face barriers in subscribing to premium information services due to budget constraints and lack of awareness. These companies often operate with minimal digital infrastructure and limited access to real-time data tools.

  The cost of subscription-based data platforms and analytics services is often prohibitively high for startups and micro-businesses. As a result, they rely on free or outdated public sources, which may lack accuracy or relevance. This data gap puts them at a disadvantage compared to larger firms with the capacity to invest in advanced research and intelligence solutions.

  The technical complexity involved in integrating third-party business information with internal systems further limits adoption. Many smaller firms lack in-house data experts or IT personnel capable of managing these platforms effectively. This challenge is compounded by the lack of localized content and language-specific datasets, which are essential for region-specific business decisions.

  Bridging this gap will require information providers to offer affordable, scaled-down packages and educational outreach to promote awareness among smaller firms. Until such accessibility is improved, limited market penetration within the SME segment will remain a major hindrance to overall market expansion.

Opportunities

• Expansion of AI-powered data analytics tools
• Emerging demand in developing business ecosystems
• Integration with CRM and ERP platforms

• Growth in personalized business information services - The rising emphasis on personalized business information services is creating strong opportunities in the market. As companies seek more tailored insights, data providers are moving beyond generic reports to offer industry-specific, role-specific, and goal-specific intelligence. This approach delivers greater relevance, engagement, and actionable value to the end user.

  Personalization in business intelligence is made possible through advancements in machine learning, user behavior analytics, and content recommendation algorithms. These technologies enable platforms to curate real-time updates, research reports, and market trends that match the user’s business profile. Personalized alerts and dashboards ensure that decision-makers receive only the most pertinent data, which enhances efficiency and decision confidence.

  Organizations across finance, healthcare, technology, and retail are demanding solutions that align with their unique metrics, KPIs, and regional focuses. Personalized information services reduce noise, increase adoption, and support targeted strategic initiatives. This is especially critical for C-suite executives, analysts, and marketing professionals who require context-specific intelligence for rapid response.

  To capitalize on this opportunity, providers are investing in AI-enabled customization tools, flexible subscription models, and multi-platform delivery options. The growing appetite for personalized and mobile-accessible insights will reshape the competitive landscape and provide long-term growth potential for vendors that prioritize contextual content delivery.

Key players in Business Information Market include:

• Bloomberg
• Equifax
• Experian Information Solutions
• Thomson Reuters
• Wolters Kluwer

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Market Share Analysis
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis