Business Information Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to business information market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Business Information Market News

in Business Information Market
  • In April 2024, Thomson Reuters has introduced its new AI-based research platform, aimed at assisting financial professionals to automate investment and market research as well as investment choices. The platform uses high-level analytics to provide deeper insights, reducing time and enhancing decision-making for financial and legal sector clients.
  • In March 2024, Bloomberg launched a package of fresh data analysis tools embedded in its Terminal product. The tools are centered on predictive analytics, providing market-moving information based on real-time global occurrences. This addition allows investors to better foresee market shifts, thereby maximizing financial planning across different industries.
  • In February 2024, S&P Global upgraded its ESG (Environmental, Social, Governance) reporting platform by adding new climate risk data and analytics capabilities. With the upgrade, companies are able to better assess and manage their sustainability initiatives, helping clients navigate the intricacies of environmental regulations and enhance transparency within ESG reporting.
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Global Business Information Market size was valued at USD 50.68 Billion in 2023 poised to grow from USD 53.3 Billion in 2024 to USD 79.83 Billion by 2032, growing at a CAGR of 5.18% in the forecast period (2025-2032).

The global business information market outlook is highly competitive, with major international companies like IBM, Microsoft, Oracle, SAP, and Tableau leading the space. These firms use techniques like strategic partnerships, acquisitions, and building AI-based analytics platforms to consolidate their market position. For example, Microsoft's embedding of Azure AI in its business intelligence offerings deepens data insights, while Tableau emphasizes intuitive visualization tools to expand its customer base. 'Cargill Inc. (USA)', 'Ingredion Incorporated (USA)', 'Kerry Group (Ireland)', 'Olam Group (Singapore)', 'Döhler Group (Germany)', 'Tate & Lyle PLC (UK)', 'Sensient Technologies Corporation (USA)', 'Van Drunen Farms (USA)', 'China National Chemical Corporation (China)', 'Chr. Hansen (Denmark)', 'Food Ingredients Solutions (USA)', 'The Green Labs LLC (USA)', 'PureCircle (Malaysia)', 'Agrana Group (Austria)', 'Royal Cosun (Netherlands)'

Organizations of all industries more and more are depending on information to inform strategic choices, increase efficiency, and achieve competitive advantage. Increased availability of structured data and unstructured data, and pressure to make decisions in real time, is fuelling the demand for business information solutions providing actionable insights via sophisticated analytics and reporting capabilities.

Rise of AI and Data Analytics Integration: Artificial intelligence and data analytics are revolutionizing the global business information market trends by accelerating decision-making ability. Businesses are increasingly using AI-based tools to automate data, create insights, and forecast market trends, thus making business processes more efficient and competitive.

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Global Business Information Market
Business Information Market

Report ID: SQMIG45C2110

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