Magazine article Information Today

Despite Downturn, Report Claims Healthy Growth in European Online Information Market

Magazine article Information Today

Despite Downturn, Report Claims Healthy Growth in European Online Information Market

Article excerpt

Learned Information Europe, Ltd. has announced that, according to a new report, Europe's online information market--representing the sale of paid-for content--grew by 6 percent in 2001, surpassing its 4-percent growth in 2000. Revenue in this sector was worth $1.4 billion in 2001. The findings came from a survey of 260 information professionals from the U.K., France, Germany, and Scandinavia, the four largest markets in Europe.

Business information (news, company, market research, and legal) currently accounts for 77.6 percent of the industry, with scientific, technical, and medical (STM) information accounting for the remaining 22.4 percent. Sales growth has been achieved through an increased penetration of Web-based products and services at the desktop, more flexible delivery and pricing options, and the further penetration of European markets outside the U.K.

According to the report, the last 12 months have seen the three major business information vendors (Thomson Corp., LexisNexis, and Factiva) concentrate on internal restructuring and refocusing. In the STM information sector, the major players (Elsevier Science, Wolters Kiuwer, Thomson, and John Wiley) have concentrated on the development of more Web-based products. …

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