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Credit Bureaus & Rating Agencies in the US - Industry Market Research Report

Publisher IBISWorld
Published Dec 30, 2024
Length 87 Pages
SKU # IBSS19493586

Description

Credit Bureaus & Rating Agencies in the US - Industry Market Research Report


Credit Bureaus & Rating Agencies in the US

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 key players and their market shares.

Table of Contents

87 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY
How Do Licenses Work?
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