Credit Risk Management Services Global Market Report 2025

The credit risk management services market size has grown rapidly in recent years. It will grow from $8.11 billion in 2024 to $9.15 billion in 2025 at a compound annual growth rate (CAGR) of 12.8%. The growth during the historic period can be attributed to increased regulatory mandates, the growing adoption of cloud-based credit risk management tools, the expansion of cross-border lending activities, a heightened demand for comprehensive enterprise risk management, and a rise in consumer credit card debt.

The credit risk management services market size is expected to see rapid growth in the next few years. It will grow to $14.67 billion in 2029 at a compound annual growth rate (CAGR) of 12.5%. The projected growth in the forecast period can be attributed to heightened regulatory scrutiny of credit risk assessments, an increasing need for compliance, rising demand for transparent and auditable credit decision-making processes, greater adoption of blockchain technology, and the expanding presence of digital banking platforms. Key trends expected during this period include the use of cloud-based risk management platforms, real-time credit monitoring, blockchain for securing credit data, automated decision-making systems, advanced predictive modeling, and the integration of natural language processing.

The swift growth of the banking sector is expected to drive the expansion of the credit risk management services market in the coming years. The banking sector comprises institutions that manage financial assets by accepting deposits, issuing loans, and providing various financial services to individuals, businesses, and governments. This rapid expansion is largely due to increased financial inclusion, as more previously underserved populations gain access to banking and credit facilities. Credit risk management services support this sector by offering advanced risk assessment tools that improve the accuracy of lending decisions. These services help minimize default risks by identifying high-risk borrowers early, thereby strengthening financial stability and operational efficiency. For example, in April 2024, UK Finance Limited, a UK-based trade organization, reported that digital-only bank accounts experienced significant growth, rising from 24% in 2023 to 36% in 2024. As a result, the rapid development of the banking sector is a key driver of the credit risk management services market.

Leading companies in the credit risk management services market are increasingly focusing on the development of advanced solutions powered by artificial intelligence (AI) to improve the speed and accuracy of credit evaluations. AI-powered tools are software applications that utilize artificial intelligence to analyze and enhance complex processes such as credit risk assessment. For instance, in March 2025, martini.ai, a US-based fintech company specializing in AI, launched Financials Agent, an AI-driven tool for analyzing credit risk. This tool enables financial professionals to swiftly assess a company’s financial health by allowing users to upload documents like 10-K filings. It automatically extracts critical data such as income, debt, liquidity, and cash flow to generate real-time credit risk reports. The tool flags issues such as high leverage or declining profitability, accelerating risk identification and streamlining credit evaluations by enhancing precision and enabling users to review and adjust key inputs as needed.

In January 2025, Aon plc, a UK-based risk management firm, entered into a strategic partnership with Moody’s Ratings to integrate their services for enhanced client solutions. This collaboration aims to strengthen credit risk management capabilities by merging Aon’s analytics and client-focused insights with Moody’s expertise in credit assessment. Moody’s Ratings, a US-based firm, is recognized for its specialization in credit rating and risk analytics.

Major players in the credit risk management services market are IBM Corporation, PwC Corporation, Oracle Corporation, Salesforce Inc., KPMG International, SAP SE, Intuit, Aon plc, Boston Consulting Group, Hearst Communications, LexisNexis Risk Solutions, Experian plc, Equifax Inc., TransUnion LLC, SAS Institute Inc., S&P Global Inc., Fair Isaac Corporation, CRIF Realtime Ltd, Clearlake Capital Group L.P., and Creditsafe Group.

North America was the largest region in the credit risk management services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in credit risk management services report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the credit risk management services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Credit risk management services focus on identifying, evaluating, and mitigating the potential financial losses that may arise when a borrower fails to repay a loan or fulfill contractual obligations. These services utilize tools such as credit scoring, risk modeling, and portfolio analysis to assess a borrower's creditworthiness. The primary goal is to reduce the likelihood of default and support the stability and profitability of lending or investment operations.

The primary service types of credit risk management include risk assessment services, credit scoring and reporting, portfolio management and analysis, regulatory compliance services, consulting services, and software solutions. Risk assessment services involve a structured process for identifying, analyzing, and evaluating potential risks that could adversely affect an organization’s operations, assets, or reputation. These services cater to a range of business sizes, including small and medium-sized enterprises as well as large corporations, with deployment options available both on-premises and through the cloud. Credit risk management solutions are used across various industries, such as banking, financial services and insurance (BFSI), retail, healthcare, manufacturing, and others.

The credit risk management services market research report is one of a series of new reports that provides credit risk management services market statistics, including credit risk management services industry global market size, regional shares, competitors with a credit risk management services market share, detailed credit risk management services market segments, market trends and opportunities, and any further data you may need to thrive in the credit risk management services industry. This credit risk management services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The credit risk management services market includes revenues earned by entities through portfolio management, fraud detection and prevention, stress testing, credit assessment and scoring, risk modeling and analytics, regulatory compliance support, and the development of credit risk mitigation strategies. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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