Reporting back: The number of businesses will likely rise, supporting demand for industry services
Abstract
Credit Bureaus & Rating Agencies in the US
The Credit Bureaus and Rating Agencies industry exhibits a high level of market share concentration, with the four largest players (Experian PLC, TransUnion, S&P Global Inc. and Moody’s Corporation) dominating the industry. Over the five years to 2019, these operators have held a firm grip on their industry position due to their size and reputation.
Acquisitions reinforce leaders’ position
• In 2016, Experian acquired CSIdentity Corporation, integrating the identity protection services with existing consumer credit services.
• TransUnion acquired Callcredit Information Group in 2018, a UK-based company. The acquisition has expanded TransUnion’s reach and given them insight into global markets.
Reputation drives competition
• Due to the industry’s high market share concentration, reputation remains a focal point for industry customers choosing between operators. As such, industry players strive for designation from the Securities Exchange Commission (SEC) as a Nationally Recognized Statistical Rating Organizations (NRSROs). However, there is a finite amount of NRSRO designations given by the SEC, meaning industry operators compete for these titles. As a result, larger companies tend to maintain this status, as they have more resources to comply with industry regulation, keeping the industry highly concentrated.
Higher quality products demand more employees • Product quality has become one of the most important competitive aspects of the industry following the debt crisis. Therefore, industry operators have been expanding their workforce to comply with industry regulation and stay on the cutting edge of statistical analysis. This employee expansion has encroached on industry profit by increasing wage expenses. However, larger industry players benefit from economies of scale and are able to taper the negative effect of these costs, alleviating margin pressure moving forward.
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.
Our reports have been used by over 10K customers, including:
Good rating: Demand for credit checking services is expected to rise due to uncertainty caused by COVID-19 pandemic Abstract Credit Bureaux & Rating Agencies in the UK Credit bureaux provide data and information used to assess the creditworthiness of consumers, individuals and businesses owned by a...
Abstract Consumer Credit Reporting Services Procurement in the US This report is intended to assist buyers of consumer credit reporting services. Vendors in this market provide objective reports on each consumer’s credit history, which buyers can use to make informed business decisions. Insurance companies,...
Abstract Debt Collection Services Procurement in the US This report is intended to assist buyers of debt collection services. Operators collect payments on charged-off or delinquent accounts and remit them to their clients, which include healthcare providers, credit card companies, banks and federal agencies....
COVID-19 crunch: Higher unemployment and falling housing transfers constrain growth Abstract Credit Agencies in Australia The industry provides independent opinions about the creditworthiness of companies, individuals, securities or financial obligations. A credit bureau (or consumer credit reporting...
Falling revenue: The value of debt collected by the industry is likely to fall in 2020-21 Abstract Debt Collection Agencies in the UK The industry includes companies that purchase debt portfolios from financial institutions and other companies at less than their face value. They then seek to recover...
In the red: COVID-19 pandemic relief packages have limited industry activity, reducing revenue Abstract Debt Collection in Australia Debt collection firms retrieve debt payments from individuals and businesses that have failed to meet the terms and conditions outlined by their loan agreements. A firm...
Past due: Increased regulation to curtail aggressive collection tactics will likely limit revenue growth Abstract Debt Collection Agencies in the US Over the five years to 2019, revenue for the Debt Collection Agencies industry is expected to contract. Overall, the level of debt in the United States...
Abstract Commercial Banks in China Commercial banks in China accept savings and deposits and provide loans, transaction services and other corporate and consumer financial services. Banks are divided into: state-owned commercial banks, which include China's four largest banks; joint-stock commercial banks;...
35 pages •
By Euromonitor International
• Nov 2020
A clear understanding of the operating environment is vital for minimising business risks in a given country or region. This report profiles key trends that help business organisations with making the best possible investment choices, including rising global indebtedness, improving road infrastructure, declining crime rates and the importance...
35 pages •
By Euromonitor International
• Nov 2020
A clear understanding of the operating environment is vital for minimising business risks in a given country or region. This report profiles key trends that help business organisations with making the best possible investment choices, including rising global indebtedness, improving road infrastructure, declining crime rates and the importance...
Education And Training
Higher Education
Road Infrastructure
Online Advertising
Bank Lending
World
Labour Force
Unemployment Rate
By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them.
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.