Low score: Credit reporters and debt collectors will face dwindling demand
Credit bureaus and credit rating agents faced much volatility from downstream markets during the period as COVID-19 disruptions hung over the US Economy. The diverse nature of downstream clients helped to shield the industry from more significant troubles. Throughout 2020, only a few credit reporters and CRA's downstream clients were greatly affected; consumers and non-banking businesses took a big hit as unemployment skyrocketed and business closures spiked. Banking institutions and federal and state governments stopped any other falling demand. The strong demand from select downstream markets caused revenue to grow at a CAGR of 2.9% to $14.0 billion over the past five years, with a 1.7% increase in 2023 alone.
This industry comprises operators that provide information, outlooks and ratings on the creditworthiness of particular companies, individuals, securities or financial institutions. The industry can be divided into two primary groups: credit bureaus and credit rating agencies (CRAs). Credit bureaus offer services related to consumer credit information, while CRAs generally focus on businesses, governments, securities and financial markets.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Experian Plc
- Moody’s Corporation
- S&P Global Inc.
- Equifax inc.
- Transunion
- Fair Isaac Corp
- Corelogic Inc.
- Corteva Inc.
Methodology
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