Good news: Rising corporate profit and increasing internet traffic will support industry revenue

Demand for news is stable throughout the business cycle and Newswire Services industry growth is driven by long-term economic growth. The industry is notable for being network-based, and hence having a high level of industry concentration and market power for large operators.Underlying growth in the level of corporate spending and the number of businesses led to increasing use of newswire services, both in terms of the number of customers and the volume of press releases distributed. This reflects an increase in market penetration for newswire services. Over the five years to 2022, industry revenue is expected to continue increasing...purchase to read more.

Industry Statistics & Market Size
Revenue
$901m
Annual Growth 12-17
3.1%
Forecast Growth 17-22
Profit
Employment
2,494
Businesses
171

Industry Threats & Opportunities

  • The industry is characterized by three trends: increasing consolidation, streamlining operations and leveraging technology
  • Operators have focused on growing the global reach of their newswire distribution networks
  • The key asset for an operator in this industry is the size and scope of its distribution network
  • Industry Report - Industry SWOT Analysis Chapter

    The Newswire Services industry is in the mature stage of its life cycle. Industry value added (IVA), a measure of the industry's contribution to the overall economy, is forecast to increase an annualized 1.9% over the 10 years to 2022. The industry's IVA growth is only slightly lower than economy-wide growth, as US GDP growth has increased an annualized 2.1% over the same period. This indicates that the industry is growing in line with the larger economy.This is a highly concentrated industry that has been steadily consolidating, as major players seek to take advantage of their dominant market positions. As with all network assets, the economies of scale encourage increasing consolidation and provide strong consolidating forces for the industry. Fur...purchase to read more.

    Additional Insights for the Newswire Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Newswire Services Industry are

  • Prompt delivery to market
  • Ability to effectively communicate and negotiate
  • Having an extensive distribution network
  • IBISWorld analysts also discuss how external factors such as Number of businesses and Total advertising expenditure in the Newswire Services industry impact industry performance..

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    What's in this report

    What is the Newswire Services Industry?

    This industry provides commercial news releases to journalists, investors and other professionals. These services are generally marketed as PR platforms or newswires. Newswires often operate as subscription services for corporate contributors, and they also distribute this content publicly online. The industry excludes syndicated services written by journalists (as opposed to press releases from corporations), such as Dow Jones Newswires and Bloomberg Business News.

    Industry Products
  • Core press release distribution services
  • Multimedia and other add-on services
  • Financial and regulatory press release services
  • Industry Activities
  • Supplying newswire services
  • Distributing press releases, news and images
  • Supplying content to news media outlets
  • Supplying traffic reports
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of businesses
  • Total advertising expenditure
  • Demand from publishing industries
  • Internet traffic volume

  • Current Performance
  • Industry consolidation
  • Business model goes digital
  • Streamlining operations
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry consolidation
  • Business model goes digital
  • Streamlining operations
  • Table: Newswire Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Newswire Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Finance and Insurance
  • Professional, Scientific and Technical Services
  • Advertising Agencies
  • Public Relations Firms
  • Administration, Business Support & Waste Management Services
  • Arts, Entertainment and Recreation

  • Key Selling Industries
  • Computer Manufacturing
  • Computer Peripheral Manufacturing
  • Telecommunication Networking Equipment Manufacturing
  • VoIP
  • Wired Telecommunications Carriers

  • Products & Services
  • Core press release distribution services
  • Multimedia and other add-on services
  • Financial and regulatory press release services
  • Chart: Newswire Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • PR, marketing, publishing and entertainment
  • Other businesses
  • Technology
  • Healthcare
  • Professional services
  • Chart: Major Market Segmentation for the Newswire Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Newswire Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Newswire Services Industry

  • Industry Globalization
    Cision Ltd., Business Wire, Marketwired Inc., GlobeNewswire Inc.,
  • Table: Cision Ltd. - financial performance
  • Table: Business Wire - financial performance
  • Table: Marketwired Inc. - financial performance
  • Table: GlobeNewswire Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Newswire Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Newswire Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total advertising expenditure (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Regulation Fair Disclosure (Fd)
  • FD requires companies to disseminate information to the general public nonexclusively. Such regulation is intended to provide all investors with simultaneous access to material financial information.
  • Search Engine Optimization (Seo)
  • The implementation of strategies used to maximize the amount of visitors to a website by obtaining a high ranking on the list of results from a search engine
  • Securities And Exchange Commission (Sec)
  • A division of the US government that seeks to protect investors as well as maintain fair, orderly and efficient markets and promote capital formation.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Newswire Services contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Newswire Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Newswire Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Newswire Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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