Business Information Services Market Report 2025

The business information services market size has grown strongly in recent years. It will grow from $48.51 billion in 2024 to $52.33 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. The increase during the historical period was driven by regulatory requirements for compliance data, the development of credit risk assessment tools, the initial digitization of business databases, the growth of credit bureaus in emerging markets, and the globalization of trade that demanded verified business intelligence.

The business information services market size is expected to see strong growth in the next few years. It will grow to $69.86 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. The projected growth during the forecast period is driven by a rising demand for real-time decision-making tools, the increasing complexity of global supply chains, the broadening of cross-border regulatory frameworks, the need for tailored customer intelligence, and a surge in demand for fraud prevention analytics. Key trends anticipated in this period include the integration of artificial intelligence for data analysis, a move toward predictive analytics platforms, automation in risk scoring and profiling, the adoption of cloud-based business intelligence services, and the creation of industry-specific data solutions.

The growth of the business information services market is being driven by the surge in data volume, which enhances insights and decision-making capabilities. Data volume refers to the increasing amount of digital data generated from various sources such as social media, IoT devices, enterprise systems, and online transactions. This rise is mainly fueled by the expanding digitalization of services and operations across different sectors, which continuously produces data from customer interactions, logistics, and automated systems. A higher volume of data allows business information services to gain deeper insights, better recognize patterns, and make more accurate forecasts, supporting informed decisions through thorough market and operational analysis. For example, according to the SODA Foundation in December 2022, the average data growth for end-user organizations in the US increased from 700 TB in 2021 to 2,208 TB in 2022, showing a threefold rise in data volume within a year. Hence, the expanding data volume is a key factor propelling the business information services market.

Leading companies in the business information services sector are concentrating on developing sophisticated solutions such as business intelligence platforms to improve data-driven decision-making and provide real-time insights for strategic benefits. These platforms are technologies that collect, analyze, and display data, allowing users to generate reports, dashboards, and insights for tracking trends and enhancing performance. For instance, in January 2025, LexisNexis Legal and Professional, a US-based provider of information and analytics, introduced Nexis+ AI, a generative AI-powered business intelligence platform. It includes proprietary conversational search features that deliver accurate, multi-source responses with citation links, while reducing hallucinations through retrieval-augmented generation. This platform helps users speed up research, make well-informed decisions, and ensure data security and regulatory compliance.

In February 2022, S&P Global Inc., a US-based financial intelligence and analytics technology company, merged with IHS Markit Ltd. to strengthen its leadership in data intelligence. The merger is designed to combine complementary capabilities in data, analytics, ratings, and benchmarks, accelerating innovation, expanding sector coverage including ESG and energy transition and providing greater value to customers and stakeholders worldwide. IHS Markit Ltd., based in the UK, specializes in economic forecasting and financial market intelligence.

Major players in the business information services market are Tata Consultancy Services Limited, Infosys Limited, S&P Global Inc., HCL Technologies Limited, Wipro Limited, Experian plc, Thomson Reuters Corporation, Tech Mahindra Limited, Gartner Inc., Moody’s Corporation, TransUnion LLC, Zoho Corporation Private Limited, FactSet Research Systems Inc., Mphasis Limited, ZoomInfo Technologies Inc., Forrester Research Inc., Crisil Limited, Information Services Group Inc., Netscribes Private Limited, Consortium Inc.

North America was the largest region in the business information services market in 2024. The regions covered in business information services report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the business information services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the professional services sector, particularly in legal, consulting, architectural, and engineering domains. Higher costs for imported technology, software licenses, office equipment, and digital infrastructure have raised operational expenses for firms reliant on global tools and platforms. International consulting projects are facing delays or cost overruns due to increased travel expenses and restricted access to foreign-sourced data and tools. Additionally, clients in manufacturing, construction, and logistics, heavily affected by tariffs are cutting back on outsourced services, squeezing demand for professional expertise. As a result, service providers are reevaluating pricing structures, expanding domestic supplier relationships, and investing in AI-driven solutions to sustain profitability and client engagement amid economic uncertainty.

Business information services are specialized solutions that collect, process, and provide essential data to support strategic planning, decision-making, and market analysis. They deliver insights on market trends, competitor behavior, consumer patterns, and changes in regulations. These services assist businesses in improving efficiency, minimizing risks, and sustaining a competitive edge.

The primary categories of business information services include market research, credit information, financial data, business analytics, risk management, compliance services, and industry intelligence. Market research entails examining customer, industry, and competitor information to offer insights that help direct strategic growth. It supplies various data types such as company details, industry reports, market statistics, economic indicators, and competitive intelligence, along with multiple data collection methods such as surveys, polling, data aggregation, web scraping, telephone interviews, and focus groups. These services are used by companies of different sizes from small and medium enterprises to large corporations and serve a range of sectors including banking, financial services, insurance, healthcare, IT and telecommunications, manufacturing, retail, government, education, and more.

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

The business information services market includes revenues earned by entities through industry intelligence, customer insight services, benchmarking services, data enrichment and lead generation services. 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.

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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