Credit Scoring Market: 2023-2028

The Credit Scoring research report provides a detailed assessment of how credit scoring is ensuring that businesses have a concise analysis on customers, by obtaining a credit report which looks into credit history and credit risk. Alternative credit scoring methods are able to boost financial inclusion, especially in emerging markets with unbanked and underbanked populations, as they assess alternative data variables instead of the typical payment history and instances of late payments. The report provides a segment analysis, alongside a comprehensive future market outlook for the biggest segments within the credit scoring market. The segment analysis in the report focuses on the following segments:

• Consumer Credit Scoring
• Business Credit Scoring
• Alternative Credit Scoring
• Open Banking and Credit Scoring
• AI and Credit Scoring

In addition, this report covers market opportunities; providing strategic insights into the development of new technologies and key drivers. The report also positions 18 vendors across the Competitor Leaderboard; focusing on credit scoring for businesses and consumers. This provides an invaluable resource for a broad range of stakeholders, including financial institutions, credit bureaus and credit scoring providers seeking to understand the competitive landscape in the market.

The research suite also contains a detailed dataset; providing forecasts for 60 countries across a wide range of different metrics. This includes the number of consumers accessing their credit score on a subscription and ad hoc basis, total spend on consumer credit scoring, the total number of businesses accessing credit scoring services for both consumer credit scores and business credit scores. These metrics are also split by subscription and ad hoc access models.

This research suite comprises:

• Market Trends & Strategies (PDF)
• Competitor Leaderboard (PDF)
• Data & Forecasts (PDF & Excel)
• 12 Months' Access to harvest Online Data Platform

Key Statistics

• $26.7bn - Market size in 2023
• $44.6bn - Market size in 2028
• 67.2% - 2023-2028 market growth
• 2023-2028 - Forecast period

Key Features

Market Landscape: A strategic analysis of the major drivers, challenges, and innovations shaping the adoption and development of credit scoring solutions, including the following:Detailed analysis of the future evolution of the market and challenges to further growth.

Future strategic direction and market outlook for credit scoring services.

Key drivers for credit scoring vendors, including how credit scoring is improving financial inclusion and the benefits of credit scoring services.

Segment Analysis: An analysis of the key sectors within credit scoring, these include consumer credit rating business credit scoring, alternative credit scoring, Open Banking and credit scoring, and AI and credit scoring, followed by main action points outlining our view on the future outlook of the key segments; providing actionable insights.

Benchmark Industry Forecasts: Includes forecasts for the total number of credit scoring users split by businesses and consumers, total spend on credit scoring split by consumers and businesses, as well as on a subscription and ad hoc basis. This data is split by across our 8 key forecast regions and 60 countries:

North America:

• Canada, US

Latin America:

• Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay

West Europe:

• Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK

Central & East Europe:

• Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Turkey, Ukraine

Far East & China:

• China, Hong Kong, Japan, South Korea

Indian Subcontinent:

• Bangladesh, India, Nepal, Pakistan

Rest of Asia Pacific:

• Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam

Africa & Middle East:

• Algeria, Egypt, Israel, Kenya, Kuwait, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates

Competitor Leaderboard: Key player capability and capacity assessment for 18 credit scoring vendors:

• ClearScore
• Credibble
• Credit Karma
• Credit Passport
• Credit Reference Center for the People’s Bank of China
• Creditinfo
• CreditRegistry
• Creditsafe
• CTOS
• Dun & Bradstreet
• Equifax
• Experian
• FICO
• illion
• RiskMonster
• Teikoku Databank
• TransUnion
• VantageScore

Research Deliverables

• Market Trends & Forecasts PDF Report - A comprehensive analysis of the current market landscape, alongside strategic recommendations and a walk-through of the forecasts.
• Interactive Forecast Excel - Full 5-year forecasts for every available market metric provided in Excel format, with interactive 'What If' and scenario tools.
• harvest Online Data Platform - Access the very latest data in our exclusive online data platform, harvest. All the data from Excel, with frequent updates and a more user-friendly interface.