High score: As industry revenue grows, industry employment follows while enterprises continue to exit the industry

The Credit Bureaus and Rating Agencies industry is specifically responsible for mitigating risk, regulating activity and standardizing information for clients, including investors, credit issuers, investment banks, broker-dealers, governments and consumers. Over the past five years, the industry has fared well considering its connection to consumer activity and, more explicitly, consumer spending. Demand for consumer credit reports faltered during the recession, as increased lending standards decreased the volume of credit applications. Over the five years to 2022, industry revenue is expected to grow. The...read more.

Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 12-17
7.2%
Forecast Growth 17-22
Profit
Employment
22,498
Businesses
1,029

Industry Threats & Opportunities

  • Lenders resumed issuing loans and the economy began its recovery, accelerating growth
  • Consumers' access to credit improved, resulting in more household borrowing activities
  • The rise in credit applications associated with household debt will increase industry demand
  • Industry Report - Industry Locations Chapter

    The geographic distribution of debt collection agencies is largely reflective of general economic and business activity. Thus, the spread follows an identical distribution as that of the US population. Increasingly, the bulk of industry services is being conducted over the phone or the internet, but local presence helps ensure that operators are near their client bases.The industry's most concentrated geographic region is the Southeast, which houses 22.3% of all industry establishments. The Southeast region comprises several key states, which collectively contribute to a sizeable market share. Of particular importance are the states of Florida and Georgia. These two states contribute 7.6% and 3.7% o...purchase to read more.

    Additional Insights for the Credit Bureaus & Rating Agencies Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Credit Bureaus & Rating Agencies Industry are

  • Level of security provided/used
  • Access to high quality inputs
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Number of businesses and Aggregate household debt in the Credit Bureaus & Rating Agencies industry impact industry performance..

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    What's in this report

    What is the Credit Bureaus & Rating Agencies Industry?

    This industry comprises operators that provide information, outlooks and ratings on the credit worthiness of particular companies, individuals, securities or financial obligations. The Credit Bureaus & Rating Agencies industry can be divided into two primary groups: credit bureaus and credit rating agencies (CRAs). Credit bureaus provide services related to consumer credit information, while CRAs generally focus on businesses, governments, securities and financial markets.

    Industry Products
  • Individual credit reports and rating services
  • Commercial credit reports and rating services
  • Debt collection and risk management services
  • Other products and services
  • Industry Activities
  • Commercial credit reporting
  • Consumer credit reporting
  • Mercantile credit reporting
  • Performing credit rating services, including government institutions and publicly traded corporations
  • Credit rating of financial institutions
  • Credit rating of debt securities and other structured finance instruments
  • Credit investigation services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of businesses
  • Aggregate household debt
  • National unemployment rate
  • S&P 500
  • Yield on 10-year Treasury note

  • Current Performance
  • Credit rating agencies
  • Credit bureaus
  • Chart: Revenue Growth

  • Industry Outlook
  • Credit bureaus and rating agencies bounce back
  • Regaining credibility
  • Competition
  • Operators adjust
  • Table: Credit Bureaus & Rating Agencies Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Credit Bureaus & Rating Agencies Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Utilities
  • Finance and Insurance
  • Real Estate and Rental and Leasing
  • Debt Collection Agencies
  • Public Administration

  • Key Selling Industries
  • Debt Collection Agencies
  • Finance and Insurance
  • Public Administration
  • Utilities

  • Products & Services
  • Individual credit reports and rating services
  • Commercial credit reports and rating services
  • Debt collection and risk management services
  • Other products and services
  • Chart: Credit Bureaus & Rating Agencies Industry Products and Services Segmentation

  • Demand Determinants
  • Credit bureaus
  • Credit rating agencies

  • Major Markets
  • Banks and other financial institutions
  • Mortgage originators
  • Consumers
  • Property managers
  • Telecommunication, utility and insurance companies
  • Collection agencies
  • Other
  • Chart: Major Market Segmentation for the Credit Bureaus & Rating Agencies Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther
  • Chart: Cost Structure Benchmarking – Sector vs Credit Bureaus & Rating Agencies

  • Basis of Competition
  • Credit bureaus
  • Credit rating agencies

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Credit Bureaus & Rating Agencies Industry

  • Industry Globalization
    Experian PLC, Equifax Inc., Moody's Corporation, S&P Global Inc., TransUnion,
  • Table: Experian PLC - financial performance
  • Table: Equifax Inc. - financial performance
  • Table: Moody's Corporation - financial performance
  • Table: S&P Global Inc. - financial performance
  • Table: TransUnion - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Credit Bureaus & Rating Agencies Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Credit Bureaus & Rating Agencies Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • S&P 500 (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Collateralized Debt Obligations (Cdos)
  • A type of debt security that is backed by a pool of bonds, loans and other assets. Payments, risks and values are derived from the underlying asset.
  • Credit Bureau Agency
  • A company that collects information from various sources and provides consumer credit information on individuals.
  • Credit Rating Agency (Cra)
  • A company engaged in the assessment and rating of the quality and risks of debt securities, companies or organizations.
  • Database Marketing
  • A form of direct marketing that uses databases of customers or potential customers to generate personalized communications.
  • Investment Grade
  • A bond that is considered suitable for the preservation of invested capital, or one that is rated within the top four categories by Moody's or Standard & Poor's.
  • Mortgage-Backed Securities (Mbss)
  • An investment instrument backed by mortgage loans. Payments, risks and values are derived from the underlying asset.
  • Recognized Statistical Rating Organization
  • An agency that issues credit ratings that the US Securities and Exchange Commission permits other financial firms to use for various purposes.
  • The Fair And Accurate Credit Transactions Act (Fac
  • An act allowing consumers to obtain a free yearly credit report from each of the three consumer credit reporting companies (Equifax, Experian and TransUnion). Also known as the FACT Act.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Credit Bureaus & Rating Agencies Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Credit Bureaus & Rating Agencies:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Credit Bureaus & Rating Agencies market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Credit Bureaus & Rating Agencies, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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