Outsell, Inc., a research and advisory firm, has released FutureFacts: 2006 and Beyond, a comprehensive forecast of the trends and drivers fueling the Information Industry. The report pegs the Information Industry to reach $358 billion by 2008, lending credit to companies like Yahoo!, Google, Baidu, Interactive Data Corporation, Greenfield Online, and HealthStream Inc. for growing the market.
FutureFacts forecasts eight key industry segments: Company, Credit and Financial; Education and Training; Search, Aggregation & Distribution Services; Market Research, Reports and Services; News and Trade; Scientific, Technical and Medical; Legal; and Yellow Pages and Directories. Outsell's analysis places the Search, Aggregation & Distribution Services segment ahead of all others, with a forecasted 17% growth over the next three years. This segment is driven by Yahoo! and Google. The next growth segment is Market Research, Reports, and Services at 11.6%. Outsell discusses other companies in the segment, including Greenfield Online, Health Grades, and MarketResearch.com.
Lagging the rest are the Yellow Pages segment at 3 % growth, and News and Trade at 5% growth. The News and Trade segment is most impacted by end user and technology trends, as revenue models shift from subscriptions and transactions to ads, and from print to online. Its strongest competition is from free Web content, as well as blogs, citizen journalism, and peer-to-peer and social networks.This report is also available for download at the Web site.