Credit Rating Software Global Market Report 2025

The credit rating software market size has grown strongly in recent years. It will grow from $2.14 billion in 2024 to $2.35 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%.The growth during the historical period can be attributed to the rising number of credit applications, heightened regulatory compliance demands, an increase in loan default rates, greater reliance on automated risk assessment tools, and the expanding adoption of cloud-based credit evaluation platforms.

The credit rating software market size is expected to see strong growth in the next few years. It will grow to $3.34 billion in 2029 at a compound annual growth rate (CAGR) of 9.3%.The projected growth in the forecast period can be attributed to the increasing demand for credit risk analytics in emerging economies, a heightened emphasis on personalized credit assessment, the growing popularity of real-time credit monitoring, and the rapid expansion of the digital lending ecosystem in developing markets. Key trends anticipated during this period include advancements in technology-driven risk assessment, the emergence of low-code configuration platforms, integration with blockchain for enhanced data transparency, connectivity with core banking systems, and the incorporation of open banking data into credit scoring engines.

The growing adoption of digital financial services is expected to drive the expansion of the credit rating software market. Digital financial services encompass offerings such as payments, savings, credit, insurance, and investments delivered via digital channels including mobile phones, the internet, and electronic cards. This growth is primarily driven by widespread smartphone usage and increasing internet access, which provide users with seamless and consistent connectivity to financial platforms. Credit rating software supports these services by enabling precise risk assessments, expediting loan approvals, and offering personalized financial products through data-based credit evaluations. For example, in May 2024, a survey by the European Investment Bank, a Luxembourg-based institution, revealed that 69% of EU firms adopted advanced digital technologies in 2022 up from 61% in 2021. As a result, the increasing penetration of digital financial services is fueling the growth of the credit rating software market.

Leading players in the credit rating software market are developing and deploying innovative technologies such as advanced data analytics and artificial intelligence to improve the precision and efficiency of credit risk evaluation. These technologies enable software to process large and diverse datasets, delivering quicker, more accurate real-time assessments, detecting fraud, and automating decision-making processes. For instance, in March 2025, Fintrak Software Co. Ltd., a Nigeria-based fintech firm, launched advanced credit rating software designed to help banks assess customer creditworthiness and reduce the risk of loan defaults. The platform utilizes AI and data analytics to perform real-time evaluations of a borrower's financial condition, risk exposure, and repayment ability before loan approval. Additionally, it offers full integration with existing banking systems and customizable features to meet the specific needs of different financial institutions.

In July 2023, Sidetrade SA, a France-based software provider, acquired CreditPoint Software for an undisclosed sum. This acquisition is intended to strengthen Sidetrade’s position as a global leader in AI-driven B2B credit risk management and support its expansion in the North American market. CreditPoint Software, Inc., based in the United States, provides credit rating software as part of its comprehensive suite of credit risk management solutions for B2B clients.

Major players in the credit rating software market are Oracle Corporation, Experian plc, Moody's Corporation, Equifax Inc., SAS Institute Inc., The Dun And Bradstreet Corporation, Fair Isaac Corporation, Pegasystems Inc., CRIF S.p.A., Cerved Group S.p.A., Creditsafe Group, Zoot Enterprises Inc., ACTICO GmbH, Creditreform e.V., Kamakura Corporation, LenddoEFL Inc., Credit Benchmark Ltd., Loxon Solutions Zrt., Rating and Investment Information Inc, Ansonia Credit Data Inc.

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

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

Credit rating software is a specialized solution designed to evaluate the creditworthiness of individuals or organizations by analyzing financial information and associated risk factors. It enables lenders and financial institutions to make well-informed decisions regarding lending and credit management with greater efficiency.

The primary types of credit rating assessed by this software include sovereign credit rating, corporate credit rating, and project finance credit rating. A sovereign credit rating provides an independent evaluation of a nation's ability and commitment to repay its debt obligations, indicating its overall credit risk. The software is offered through both on-premises and cloud-based deployment options. It consists of components such as solutions and services, with core functionalities including credit risk assessment, financial analysis, stress testing, and portfolio management. The software is used by various end users, including financial institutions, corporations, regulatory agencies, and investors.

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

The credit rating software market consists of revenues earned by entities by providing services such as credit score calculation, regulatory compliance reporting, and automated credit decisioning. The market value includes the value of related goods sold by the service provider or included within the service offering. The credit rating software market also includes sales of products including credit scoring software, risk assessment software, portfolio management software, fraud detection software, and automated decision-making software. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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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