The US Credit Agency Market Report Segments the Industry Into by Service Type (Credit Reporting Services, Credit Scoring & Analytics, and More), by End User (Direct-To-Consumer, Government and Public Sector, and More), by Client Type (Individual and Commercial), and by Geography (Northeast, Midwest, and More). The Market Forecasts are Provided in Terms of Value (USD).

Credit bureaus and rating agencies in the US have experienced notable growth in recent years due to heightened demand for information. The reliance on data analytics has driven increased interest in these services, which provide vital information on creditworthiness for both individuals and businesses. This has been particularly significant as businesses and individuals seek to make well-informed financial decisions. Despite challenges related to the pandemic, inflation and high interest rates, the industry has thrived and profit has soared, indicating its resilience and the critical nature of the services it offers in a data-driven economy. While long-term demand for information has buoyed the industry, providers’ trajectory has been influenced by broader economic conditions, notably equity market fluctuations. The industry weathered initial pandemic-related disruptions, which precipitated a sharp fall in stock prices and corporate profit. Nonetheless, rapid fiscal and monetary responses bolstered investor confidence and led to a robust rebound in equity markets, contributing to massive revenue growth in 2020 and 2021. Soaring interest rates in 2022 and 2023 boosted recessionary fears among investors, hindering demand for equities, reducing stock prices and thus contributing to a major drop in revenue in 2022. These effects have percolated into the real economy as consumer and business borrowing has slowed, constraining aggregate household debt and corporate debt. These effects have negatively impacted the industry in 2023 and 2024, though a rebound in the stock market has prevented a major collapse in revenue. Overall, revenue for credit bureaus and rating agencies in the US is anticipated to soar at a CAGR of 4.3% over the past five years, reaching $16.4 billion in 2024. This includes a 1.3% drop in revenue in that year. Looking ahead, credit bureaus and rating agencies will face a more tempered growth trajectory over the next five years. The broad adoption of online services and data analytics has led to market saturation, reducing opportunities for exponential revenue growth. Nonetheless, stable economic growth and business formation should sustain a steady demand for credit reporting and rating services. The predicted slower growth in equity prices will moderate financial institutions' borrowing capacity, which will also contribute to the slowdown in revenue growth. Overall, revenue for credit bureaus and rating agencies in the United States is forecast to inch upward at a CAGR of 1.1% over the next five years, reaching $17.4 billion in 2029.

Global Credit Bureaus market size is expected to reach $191.22 billion by 2029 at 11.5%, segmented as by product type, credit score, credit reports, credit check services

This statistic shows the revenue of the industry “credit bureaus“ in the U.S. from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of credit bureaus in the U.S. will amount to approximately 14,2 billion U.S. Dollars by 2024.

Market Size statistics on the Credit Bureaus & Rating Agencies industry in United States

Europe's Collection Agencies and Credit Bureaux industry has contended with numerous challenges in recent years. Lending activity has been muted as businesses became cautious about borrowing in the face of turbulent economic conditions and rising interest rates, draining the pool of debt available for collection. Revenue is expected to fall at a compound annual rate of 3.8% over the five years through 2024 to €19.6 billion, including an estimated decline of 3.2% in 2024. In recent years, the industry has witnessed a significant transformation driven by digitalisation. Collection agencies and credit bureaux embraced digital platforms and automation tools to streamline processes, enhance data analysis efficiency and improve consumer communication. The integration of AI and alternative credit scoring models has revolutionised credit assessment practices, offering more inclusive evaluation methods and personalised debt collection strategies. The adoption of blockchain technology for secure data management has also gained traction, promising enhanced data security and transparency across operations. Revenue is slated to mount at a compound annual rate of 2.7% over the five years through 2029 to €22.5 billion, while profit is also expected to edge upwards. Looking ahead, Europe's collection agencies and credit bureaux are poised for further evolution and innovation. Expanding alternative data sources for credit assessment will provide more comprehensive credit profiles and improve risk assessment accuracy. Companies will also continue to integrate blockchain technology for secure data management, offering increased data security, fraud prevention and operational efficiencies.

Consumer Credit Market is Segmented by Payment Method (Direct Deposit, Debit Card, and More), Credit Type (Revolving Credit, and Non-Revolving Credit), Issuer (Banks and Finance Companies, and More), and by Geography. The Market Forecasts are Provided in Terms of Value (USD).

Credit Score, Credit Report, And Credit Check Services Market size was valued at USD 20.02 Billion in 2024 and is projected to reach USD 158.12Billion by 2031, growing at a CAGR of 25.13% during the forecast period 2024-2031.

Credit Score, Credit Report, And Credit Check Services Market Drivers

Increasing Consumer Awareness: Growing awareness among consumers about the importance of credit scores and reports in financial decisions drives the demand for these services.

Regulatory Environment: Changes in regulatory frameworks and compliance requirements influence the market dynamics for credit reporting agencies and related service providers.

Lending Practices: Evolution in lending practices, including the rise of digital lending platforms, increases the need for accurate and timely credit information.

Financial Inclusion Initiatives: Efforts to promote financial inclusion globally contribute to the expansion of credit reporting and scoring services into underserved markets.

Technological Advancements: Adoption of advanced analytics, machine learning, and AI technologies improves the accuracy and efficiency of credit scoring models and reporting processes.

Risk Management: Enhanced focus on risk management by financial institutions and businesses fuels the demand for comprehensive credit assessment services.

Consumer Credit Behavior: Changes in consumer credit behavior and spending patterns influence the demand for credit monitoring and reporting services.

Emerging Markets: Increasing penetration of credit reporting services in emerging markets due to economic growth and rising consumer credit activities.

Identity Theft and Fraud Prevention: Heightened concerns about identity theft and fraud drive the demand for monitoring and alert services associated with credit reports.

Strategic Partnerships and Mergers: Partnerships between credit bureaus, financial institutions, and technology companies to enhance service offerings and market reach.

The global credit scores, credit reports & credit check services market is expected to register a CAGR of 5.40%, during the forecast period (2023 to 2033).

Global Credit Score, Credit Report, and Credit Check Services Market will grow at a CAGR of 24.06% during the forecast period, with an estimated size and share crossing USD 155.81 billion by 2032.

Credit Score Tracking Service Market Outlook

The global credit score tracking service market size was estimated at USD 3.4 billion in 2023 and is projected to reach USD 7.8 billion by 2032, growing at a CAGR of 9.3% over the forecast period. This robust growth is driven by the increasing awareness among consumers about the importance of credit scores, alongside the rising adoption of digital financial services.

One of the primary factors spurring the growth of the credit score tracking service market is the surge in digital banking and fintech solutions. As more consumers and businesses transition to digital platforms for their financial needs, the demand for real-time credit score monitoring has skyrocketed. The convenience and accessibility offered by these platforms have made credit score tracking more mainstream, contributing significantly to market expansion. Additionally, the rising incidence of identity theft and financial fraud has heightened the need for individuals and businesses to keep a vigilant eye on their credit profiles, further fueling market demand.

Another significant growth factor is the increased regulatory focus on credit accountability and transparency. Governments and regulatory bodies worldwide are implementing stringent norms to ensure fair lending practices and protect consumer financial information. These regulations mandate financial institutions to offer credit score tracking services as part of their consumer financial products. Consequently, credit score tracking has become an integral component of the financial ecosystem, stimulating market growth. Moreover, advancements in big data analytics, artificial intelligence, and machine learning have enabled more sophisticated and accurate credit scoring models, enhancing the value proposition of credit score tracking services.

Consumer education initiatives aimed at improving financial literacy are also playing a crucial role in market growth. Financial institutions and educational bodies are increasingly focusing on educating individuals about the significance of credit scores and how they impact financial health. These initiatives are raising awareness about the benefits of regular credit score monitoring, driving more consumers to adopt these services. Furthermore, partnerships between credit bureaus and various financial service providers have made credit score tracking services more accessible and affordable, further propelling market expansion.

From a regional perspective, North America holds a significant share of the credit score tracking service market, owing to the high penetration of digital financial services and the presence of major credit bureaus in the region. Europe follows closely, driven by stringent regulatory requirements and high consumer awareness. The Asia Pacific region is expected to witness the highest growth rate, fueled by rapid digital transformation and increasing financial literacy. Latin America and the Middle East & Africa are also poised for moderate growth, supported by ongoing financial sector reforms and rising adoption of digital banking solutions.

Component Analysis

The credit score tracking service market can be segmented by component into software and services. The software segment encompasses various credit score monitoring tools and platforms that consumers and businesses use to keep track of their credit scores. This segment is experiencing robust growth due to the increasing adoption of digital solutions for financial management. Advanced software with features like real-time alerts, detailed credit reports, and predictive analytics are gaining popularity, providing users with comprehensive insights into their credit health. Additionally, the integration of these software solutions with other financial management tools is enhancing their utility and driving market demand.

The services segment includes professional services offered by financial institutions, credit bureaus, and fintech companies to assist consumers and businesses in monitoring and managing their credit scores. These services range from credit counseling and financial advisory to identity theft protection and fraud detection. The growing complexity of credit management and the increasing incidence of financial fraud are driving the demand for specialized services. Furthermore, the rise of subscription-based models for credit score tracking services is making these solutions more accessible to a broader audience, contributing to segment growth.

Technological advancements are a significant driver in both the software and services seg

United States Credit Agency Market was valued at USD 17.73 Billion in 2024 and is expected to reach USD 24.81 Billion by 2030 with a CAGR of 5.82% during the forecast period.

Credit Rating Market size was valued at USD 58 Billion in 2023 and is projected to reach USD 77 Billion by 2031, growing at a CAGR of 4.2% during the forecast period 2024-2031.

Global Credit Rating Market Drivers

Economic Conditions: General economic performance, including GDP growth, unemployment rates, and inflation, can significantly impact credit ratings. Strong economic conditions tend to lead to higher credit ratings, whereas economic downturns can lead to downgrades. Regulatory Environment: Changes in regulations affecting financial markets, banking, and investment practices can influence the demand and supply for credit ratings. New regulations may require more comprehensive credit assessments.

Global Credit Rating Market Restraints

Regulatory Changes: Increased scrutiny and regulation from governmental bodies can impose restrictions on how credit rating agencies operate. For instance, regulations may require more transparency and accountability or impose penalties for issuers of misleading ratings. Market Competition: The presence of multiple credit rating agencies can dilute market share and pressure pricing, reducing profitability for established players. New entrants and alternative credit assessment models (such as fintech solutions) can disrupt traditional methodologies and business models.

The United States credit agency market, valued at $17.59 billion in 2025, is projected to experience robust growth, driven by a confluence of factors. The increasing adoption of digital technologies across financial institutions fuels demand for sophisticated credit scoring and risk assessment solutions. Furthermore, stringent regulatory compliance requirements necessitate the use of credit agency services, particularly within the financial services and government sectors. The rising penetration of e-commerce and digital lending further expands the market's addressable audience. While the market's growth is fueled by these positive drivers, potential restraints include concerns over data privacy and security, along with the ongoing evolution of regulatory frameworks. The market is segmented by client type (individual and commercial) and vertical (Direct-to-Consumer, Government and Public Sector, Healthcare, Financial Services, Software and Professional Services, Media and Technology, Automotive, Telecom and Utilities, Retail and E-commerce, and Other Verticals). Major players like Equifax, TransUnion, Experian, and others compete fiercely, offering a wide array of credit reporting, scoring, and risk management services. The projected Compound Annual Growth Rate (CAGR) of 5.90% from 2025 to 2033 suggests a significant expansion in market size over the forecast period, highlighting the enduring importance of credit agencies in the US financial ecosystem. The historical period (2019-2024) likely reflects a period of steady growth leading up to the 2025 base year, indicating a continuation of existing trends. The competitive landscape is characterized by a few dominant players and a number of smaller, specialized firms. These companies are constantly innovating to meet evolving customer needs and regulatory requirements, investing heavily in data analytics and technology to enhance their offerings. The ongoing digital transformation of financial services is driving demand for advanced credit risk management solutions, benefitting the larger credit agencies. The healthcare, retail, and e-commerce verticals represent significant opportunities for growth due to the increasing use of credit data in these sectors for lending, fraud detection, and risk mitigation. Future market growth hinges on the sustained adoption of digital lending technologies and the ongoing need for accurate and reliable credit information within an increasingly complex regulatory environment. Geographical variations in market penetration and regulatory frameworks may also influence regional growth trajectories within the US. Recent developments include: June 2024: Equifax unveiled an education verification tool, Talent Report High School, tailored to assist employers and background screeners in confirming high school diploma details during pre-employment checks. This solution offers real-time verification of US high school diploma data, made possible by its direct integration with the National Student Clearinghouse., June 2024: TransUnion and Asurint Partnered to offer cutting-edge screening solutions for Multifamily Property Managers. Multifamily property managers grapple with the demanding responsibility of screening applicants. They must efficiently perform comprehensive criminal background checks while navigating stricter consumer privacy laws. TransUnion unveiled a strategic alliance with Asurint to deliver a compliance-centric approach to criminal background screening.. Key drivers for this market are: Rising Demands Of Credit Reports With Increasing Fraud And Cyber Threats. Potential restraints include: Rising Demands Of Credit Reports With Increasing Fraud And Cyber Threats. Notable trends are: Rising Trends In Consumer Credit Outstanding.

Credit Rating Market Outlook

The global credit rating market size was valued at approximately USD 6.5 billion in 2023, and it is projected to reach around USD 11.2 billion by 2032, growing at a CAGR of 6.1% during the forecast period. This growth is primarily driven by increasing global financial activities and the rising need for transparent and reliable credit evaluations.

The growth of the credit rating market is significantly influenced by globalization and the expansion of financial markets. As more countries integrate into the global economy, the need for reliable credit ratings becomes crucial to facilitate cross-border investments and financial transactions. This trend is amplified by the rising corporatization across emerging economies, which necessitates stringent credit evaluations to ensure financial stability and investor confidence. Furthermore, technological advancements have enabled more sophisticated and accurate credit rating methodologies, enhancing the overall efficiency and reliability of credit ratings.

Another significant growth factor is the regulatory landscape surrounding financial markets. Governments and regulatory bodies worldwide are increasingly emphasizing the importance of transparent credit rating mechanisms to mitigate risks and prevent financial crises. This regulatory push has led to an increased demand for credit rating services, as financial institutions and corporations strive to comply with stringent standards and enhance their creditworthiness. Additionally, the rise in defaults and bankruptcies during economic downturns underscores the importance of robust credit rating systems, further driving market growth.

Moreover, the proliferation of digital finance and fintech innovations is reshaping the credit rating market. The advent of big data analytics, artificial intelligence, and blockchain technology is transforming traditional credit rating processes, making them more efficient and dynamic. These technologies enable real-time data analysis and provide deeper insights into creditworthiness, thereby improving the accuracy and timeliness of credit ratings. As a result, fintech companies and startups are increasingly entering the credit rating space, introducing innovative solutions that cater to a broader range of market needs.

Regionally, North America holds the largest share of the credit rating market, driven by the presence of major credit rating agencies and a highly developed financial ecosystem. Europe follows closely, with a strong emphasis on regulatory compliance and financial stability. The Asia Pacific region is expected to exhibit the highest growth rate, fueled by rapid economic development, increasing financial activities, and the growing importance of credit ratings in emerging markets. Latin America and the Middle East & Africa are also witnessing steady growth, supported by improving financial infrastructures and regulatory reforms.

Component Analysis

The credit rating market can be segmented by component into software and services. The software segment includes various tools and applications used by credit rating agencies to analyze financial data, assess creditworthiness, and generate ratings. This segment is expected to witness significant growth due to the increasing adoption of advanced technologies such as AI and big data analytics. These technologies enhance the accuracy and efficiency of credit rating processes, enabling agencies to provide more reliable and timely ratings.

Services, on the other hand, encompass the activities performed by credit rating agencies, including data collection, analysis, consulting, and advisory services. The services segment dominates the market, accounting for a larger share due to the expertise and specialized knowledge required in credit rating activities. The growing demand for comprehensive credit evaluation services, coupled with the need for continuous monitoring and updating of credit ratings, is driving the growth of this segment.

The integration of software solutions with credit rating services is becoming increasingly common, as agencies seek to leverage technology to enhance their service offerings. This integration provides a holistic approach to credit rating, combining human expertise with technological capabilities to deliver more accurate and actionable insights. As a result, the software and services segments are increasingly interdependent, driving overall market growth.

Additionally, the emergence of cloud-based solutions is revolutionizing the credit rating mark

Technological advancements in the U.S. Credit Agency industry are shaping the future market landscape. The report evaluates innovation-driven growth and how emerging technologies are transforming industry practices, offering a comprehensive outlook on future opportunities and market potential.

The market for credit scores, credit reports, and credit check services is projected to grow steadily, with a CAGR of 5.3%, reaching a market size of $19,500 million by 2033. This growth is driven by the increasing reliance on credit data by financial institutions, employers, and other entities to assess risk and make lending decisions. Key market trends include the adoption of advanced analytics and AI to enhance credit scoring accuracy, the growing use of alternative data sources to supplement traditional credit data, and the increasing demand for credit monitoring and fraud prevention services. North America is expected to remain the largest regional market, followed by Europe and Asia Pacific. Key players in the market include Experian, Equifax, TransUnion LLC, CCRC (PBC), Teikoku DataBank, Dun & Bradstreet, Zhima Credit, and Graydon International Co. These companies offer a range of credit-related services, including credit scoring, credit reporting, and fraud prevention. The market is highly competitive, with companies investing heavily in innovation and technology to gain market share.

The United States credit agency market reached approximately USD 17.10 Billion in 2024. The market is projected to grow at a CAGR of 6.20% between 2025 and 2034, reaching a value of around USD 31.21 Billion by 2034.

The Southeast Asia Credit and Risk Management Market is segmented by Deployment Mode (Cloud and On-premises). The market sizes and forecasts are provided in terms of value (USD million) for the segments.

The global credit rating market size was valued at USD 10.74 billion in 2025 and is projected to grow from USD 12.12 billion in 2026 to USD 21.46 billion by 2033, exhibiting a CAGR of 8.1% during the forecast period (2026-2033). The market growth is primarily attributed to the increasing demand for credit ratings from various stakeholders such as investors, lenders, and issuers, who rely on these ratings to assess the financial stability and creditworthiness of companies and governments. The growing need for transparency and accountability in financial markets is driving the demand for credit ratings. Credit ratings provide independent and objective assessments of the creditworthiness of borrowers, helping investors make informed decisions and lenders manage their risk exposure. Additionally, regulatory requirements in many countries mandate the use of credit ratings for certain types of financial transactions, further boosting market growth. The increasing complexity and volatility of financial markets have also led to a greater need for specialized credit rating services, driving the expansion of the market.