Credit Rating Software Market Report 2026

The credit rating software market size has grown strongly in recent years. It will grow from $2.35 billion in 2025 to $2.57 billion in 2026 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to increasing volume of corporate and consumer lending, growing complexity of financial risk assessment, adoption of software-based credit evaluation tools, expansion of global credit markets, rising regulatory oversight on credit ratings.

The credit rating software market size is expected to see strong growth in the next few years. It will grow to $3.64 billion in 2030 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to increasing demand for automated credit decisioning, rising adoption of cloud-native risk platforms, expansion of alternative data usage in credit analysis, growing focus on predictive risk analytics, increasing investments in regtech-enabled credit solutions. Major trends in the forecast period include increasing adoption of ai-based credit scoring models, rising use of cloud-based credit rating platforms, growing integration of real-time financial data analytics, expansion of stress testing and scenario analysis tools, enhanced focus on regulatory-compliant credit assessment.

The growing penetration of digital financial services is expected to drive the growth of the credit rating software market in the coming years. Digital financial services include offerings such as payments, savings, credit, insurance, and investments that are delivered through digital channels such as mobile devices, the internet, or electronic cards. The expansion of digital financial services is largely driven by widespread smartphone and internet adoption, which enables users to access financial platforms easily and continuously. Credit rating software supports digital financial services by facilitating precise risk assessment, accelerating loan approval processes, and enabling personalized financial products through data-driven credit analysis. For instance, in July 2024, according to the European Central Bank, a Germany-based central bank for the Eurosystem, in 2023, the number of contactless card payments in the second half of the year increased by 16%, reaching 23.2 billion compared to the same period in 2022. Therefore, the growing 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 companies operating 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 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the credit rating software market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the credit rating software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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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