Global information service market is expected to grow steadily from US$836.8 billion in 2016 to US$948.9 billion in 2019, representing a CAGR growth of 4.4%, according to industry analyst Chenghua Lee at a Spring Forum held by MIC (Market Intelligence & Consulting Institute) in Taipei from June 1 to 3.

Global Information Service Market Value, 2014-2019

Source: MIC, June 2016

"While cloud computing and Big Data remain the mainstream in the global information service market, IoT applications are growing near maturity to play an increasingly important role in boosting growth," Lee explains. "Nevertheless, big data, cloud computing, mobile applications, smart connected devices are expected to be key growth enablers in the new few years"

To see more about this report, please visit: Uncovering the Potential of IT Software Market and Industry: Key Trends and Major Players.

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Market Intelligence & Consulting Institute (MIC), based in Taipei, Taiwan, was founded in 1987. MIC is Taiwan's premier IT industry research and consulting firm providing intelligence, in-depth analysis, and strategic consulting services on global IT product and technology trends, focusing on markets and industries in Asia-Pacific. MIC is part of the Institute for Information Industry. https://mic.iii.org.tw/english