Information Services Market Report 2025

The information services market size has grown strongly in recent years. It will grow from $174.02 billion in 2024 to $187.77 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to globalization, regulatory environment, rise of e-commerce, mobile revolution, content explosion.

The information services market size is expected to see strong growth in the next few years. It will grow to $245.33 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to remote work and collaboration tools, sustainable information practices, personalized user experiences, regulatory changes and data privacy, cybersecurity concerns. Major trends in the forecast period include artificial intelligence (AI) integration, blockchain technology, big data and analytics, rise of data monetization, blockchain for trust and transparency.

The increasing utilization of social media for connecting and communicating is expected to fuel the demand for information services throughout the forecast period. Individuals are leveraging social platforms to share information and maintain contact with family and friends. The growing time spent on social networking sites is contributing to the expansion of the internet publishing and broadcasting industry. For example, a report from the National Library of Medicine, a US-based federal national library, stated in January 2023 that there are over 3.6 billion social media users globally, with projections suggesting this number will reach 4.41 billion by 2025. As of 2022, YouTube was the second most actively used social networking site after Facebook, with 2.562 billion users. Thus, the rising use of social media for connection and communication will drive the information services market.

The growing demand for IT services is anticipated to drive the expansion of the information services market in the coming years. IT services involve leveraging business and technological expertise to assist companies in creating, managing, optimizing, and accessing information and business processes. These services monitor the network, web traffic, and other internet-connected devices. Such monitoring enables IT staff to track who is accessing company information, identify any technologies needing repair, and determine if systems require software upgrades or modifications. For instance, in October 2022, Gartner, Inc., a US-based technology analyst firm, projected that IT spending in Australia would reach nearly $127.05 billion (AUD $117.7 billion), up from $120 billion (AUD $111.2 billion) in 2022. Thus, the rising demand for IT services is fueling the growth of the information services market.

Major companies in the information services market are developing advanced products, such as a book ordering platform, to improve user experience and streamline the purchasing process. A book ordering platform is a digital system or online service that enables users to browse, select, and purchase books. For example, in October 2024, EBSCO Information Services, a US-based publishing company, launched Mosaic. This platform is designed to modernize and simplify the book acquisition process for libraries. Mosaic offers an efficient ordering workflow, allowing librarians to place orders for e-books from various publishers on a title-by-title basis. With its user-friendly interface, the platform makes navigation and management of acquisitions straightforward. Librarians benefit from instant order acknowledgments and rapid fulfillment notifications, allowing them to track their orders effectively.

In September 2024, Xceedance Inc., a US-based insurance company, acquired Millennium Information Services Inc. for an undisclosed sum. This acquisition is intended to enhance Xceedance's operational capabilities and broaden its offerings within the insurance technology sector. Millennium Information Services Inc. is also a US-based information services company.

Major companies operating in the information services market include Wipro, Google LLC, Microsoft Corporation, Verizon Communications Inc., Dell Inc., Amazon Web Services Inc., The International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, Accenture plc, Hewlett Packard Enterprise Development LP, Tata Consultancy Services Limited, Salesforce.com Inc., Cognizant, Infosys Limited, Fiserv Inc., RELX plc, News Corporation, Thomson Reuters, Gartner Inc., Equifax Inc., Citrix Systems Inc., HCL Technologies Limited, Epsilon Data Management LLC, The New York Times Company, Palantir Technologies Inc., FactSet Research Systems Inc., Toshiba Software India Pvt Ltd., FUJI MEDIA HOLDINGS INC., Tribune Media Company.

Asia-Pacific was the largest region in the information services market in 2024. Middle East is expected to be the fastest growing region in the forecast period. The regions covered in the information services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the information services market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The information services market includes revenues earned by entities by providing services such as news reports, articles, pictures, public historical documents, photographs, maps, audio material, audiovisual material, and other archival material of historical interest. These entities include news syndicates, libraries and archives. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Information systems encompass an integrated set of components utilized for capturing, processing, storing, and disseminating diverse data for user consumption.

Key types of information services comprise news syndicates, libraries, archives, and various other information services. Libraries serve as spaces for storing literary materials, while archives store historical records for future access. These services are deployed online or offline and cater to various sectors including B2B and B2C.

The information services market research report is one of a series of new reports that provides information services market statistics, including information services industry global market size, regional shares, competitors with an information services market share, detailed information services market segments, market trends and opportunities, and any further data you may need to thrive in the information services industry. This information services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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