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Outsell forecasts $37.6 billion for credit and financial information segment in ’07

Published on .

Burlingame, Calif.—The credit and financial information market will grow to $37. 6 billion this year, from $35.5 billion in 2006, according to an analysis by market research firm Outsell Inc. The forecast was gleaned from an analysis of the credit and financial segment, represented by companies such as Bloomberg, Reuters and Thomson Corp. According to Outsell, there are three key drivers for the credit and financial segment: global expansion into China, India, Latin America and the Middle East; diversification into niches and new services; and, taken together, compliance, privacy and online trading. Outsell said the pressure in the financial markets resulting from the U.S. credit crunch will “undoubtedly” have an impact on 2007’s full-year results.
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