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2023 Credit Bureaus Market Size, Share, Growth, Trends, Strategies, Opportunities And Forecast to 2032
Credit Bureaus Market
Credit Bureaus Market Size, Growth Rate, And Forecast
The global credit bureau market size is expected to grow from $108.93 billion in 2022 to $124.99 billion in 2023 at a compound annual growth rate (CAGR) of 14.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global credit bureau market size is expected to reach $201.09 billion in 2027 at a CAGR of 12.6%.
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Credit Bureaus Market Drivers
The increase in demand for credit cards is expected to propel the growth of the credit bureau market going forward. A credit card refers to an alternative to cash or cheques and frequently offers an unsecured revolving line of credit. Credit card issuers send information to credit bureaus concerning cardholder activities that help in checking the individual credit scores on the basis of which customers can approach for a loan and also offers benefits such as unlimited reward points on usage, insurance coverage, discounts, and cashback, other than helping increase credit scores.
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Credit Bureaus Market Segments
1) By Product Type: Credit Score, Credit Reports, Credit Check Services
2) By Report Type: Corporate Credit Reports, Individual Credit Reports
3) By End User: Commercial, Consumer
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Credit Bureaus Market.
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Credit Bureaus Market Key Players
Major competitors in the Credit Bureaus Market include FICO, Equifax, Experian, Trans Union, Moody's corporation, S&P Global Inc., TransUnion LLC, Dun and Bradstreet, S and P Global Inc., FIS Inc., Global Database Ltd., Global Payments Inc., Intuit Inc., Illion Data Registries Pty. Ltd., SCHUFA Holding AG, and The Coface Group
The Business Research Company's "Global Credit Bureaus Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Credit Bureaus Market Include:
1. Executive Summary
2. Credit Bureaus Market Characteristics
3. Credit Bureaus Market Trends And Strategies
4. Credit Bureaus Market - Macro Economic Scenario
5. Credit Bureaus Market Size And Growth
.......
26. Africa Credit Bureaus Market
27. Credit Bureaus Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Credit Bureaus Market
29. Credit Bureaus Market Future Outlook and Potential Analysis
30. Appendix
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