Decline Forecasted for 2009 In Market Research and IT & Telecom Research, Reports & Services Market

Market Research, Reports & Services, a $33 billion dollar segment of the information market, grew 7.9% in 2008, but is expected to decline by 6.2% in 2009.  The IT & Telecom Research, Reports & Services segment, which grew 8.7% in 2008 to achieve a total market size of $3.0 billion, is forecast to decline by 9.2% growth rate in 2009.  Both segments were impacted by the down economy including the market research sector, which has historically been more insular to downturns.  Source: Outsell Inc.

BIIA Newsletter November – December 2009 Issue