JD.com and Alibaba create indexes to identify Chinese shoppers’ spending trends, which help retailers gain insight.
Print loses ground but digital advertising and online databases make gains.
Revenue for the B2B media and information industry grew 4.8% year-over-year in 2013, hitting $26.85 billion from $25.62 billion in 2012, according to a report from The Association of Business Information and Media Companies.
In 2012, the year-over-year growth rate for that revenue increased 2.7%, the trade group says.
The largest chunk of revenue—sales and user fees—stems from trade shows and conferences: 45% in 2013, compared with 46% in 2008, the association says. Print lost ground, accounting for 26% of 2013 revenue compared with 37% of 2008 revenue.
The other revenue comes from digital advertising (19% in 2013 vs. 11% in 2008 ); and data (10% vs. 6%). The group defines data as “database information, online directories, online datasets that you can search, online-leads databases, databases of product info, and databases of product reviews,” according to a spokesman.
“Since the Great Recession, the B2B media and information industry has still not returned to the record revenue set in 2008, when the total industry generated $29.23 billion in 2013 dollars,” the association says in its report.
Still, the fourth quarter of 2013 brought healthy gains, with total revenue reaching $7.13 billion, up 4.3% from $6.84 billion in the year-earlier quarter.
The Association of Business Information and Media Companies complies its report with data from such organizations as Outsell, a research and advisory firm focused on the publishing and information industries; the Interactive Advertising Bureau trade group; Inquiry Management Systems, a technology- and research-based publishing services bureau; and MediaFinder, which tallies how many business magazines are published in the United States.
For a free subscription to B2Bec News, click here.