Need help finding what you are looking for?
Contact Us
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1392021
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1392021
Credit Risk Assessment Market, By Component, By Deployment Model, -By Organization Size, By Vertical, By Technology, By Geography
PUBLISHED:
PAGES: 150 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
The credit risk assessment market size is expected to reach US$ 18.43 billion by 2030, from US$ 7.31 billion in 2023, at a CAGR of 14.1% during the forecast period.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023: | US$ 7.31 Bn |
| Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
| Forecast Period 2023 to 2030 CAGR: | 14.10% | 2030 Value Projection: | US$ 18.43 Bn |
Figure 1. Global Credit Risk Assessment Market Share (%), by Region, 2023
Credit risk assessment plays a crucial role in the financial industry, enabling lenders to evaluate the creditworthiness of individuals and businesses. It involves analyzing various factors, such as credit history, debt-to-income ratio, and payment behavior, to determine the probability of default. With the increasing complexity of financial markets and the growing need for accurate risk assessment, credit risk assessment has become a vital process for financial institutions, credit bureaus, and regulatory authorities.
Market Dynamics:
The credit risk assessment market is witnessing significant growth due to several factors driving its adoption and utilization. One of the key drivers is the increasing demand for efficient and effective risk assessment mechanisms to mitigate credit-related losses. The rise in fraudulent activities has led to a greater emphasis on implementing advanced analytics and predictive models to identify potential risks and take timely corrective actions.
On the other hand, the market also faces certain restraints that hamper its growth. One such challenge is the complexity of integrating disparate data sources, which often hinders the accuracy and consistency of credit risk assessment models. Additionally, strict regulatory guidelines and compliance requirements can pose challenges for organizations, leading to delays in decision-making processes.
Despite these challenges, the credit risk assessment market offers significant opportunities for growth. The digitization of financial services and the increasing adoption of machine learning and artificial intelligence technologies are expected to enhance the accuracy and efficiency of credit risk assessment models. Moreover, the emergence of alternative credit scoring models and the availability of vast amounts of data through online platforms provide opportunities for innovative risk assessment tools and services.
Key features of the study:
- This report provides an in-depth analysis of the global credit risk assessment market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global credit risk assessment market based on the following parameters - company highlights, product portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Experian, Equifax, TransUnion, FICO, Moody's Analytics, Oracle, IBM, SAP, SAS Institute, and others
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global credit risk assessment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global credit risk assessment market
Detailed Segmentation:
- By Component
- Software
- Services
- By Deployment Model
- On-premises
- Cloud
- By Organization Size
- Large Enterprises
- SMEs
- By Vertical
- BFSI
- Telecom & IT
- Healthcare
- Government
- Manufacturing
- Retail
- Others
- By Technology
- AI & ML enabled Credit Risk Assessment
- Traditional Credit Risk Assessment
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Top Companies in Credit Risk Assessment Market
- Experian
- Equifax
- TransUnion
- Moody's Analytics
- Oracle
- IBM
- SAP
- SAS Institute
- Fiserv
- Pegasystems
- Genpact
- ACL
- Kroll
- PRMIA
- Riskonnect
- RiskSpotter
- Riskdata
- BRASS
- Misys
Product Code: CMI6486
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Credit Risk Assessment, By Component
- Market Credit Risk Assessment, By Deployment Model
- Market Credit Risk Assessment, By Organization Size
- Market Credit Risk Assessment, By Vertical
- Market Credit Risk Assessment, By Technology
- Market Credit Risk Assessment, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Rising adoption of digital lending platforms and processes
- Increasing digital lending
- High deployment costs
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Credit Risk Assessment Market, By Component, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
5. Credit Risk Assessment Market, By Deployment Model, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- On-premises
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Cloud
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
6. Credit Risk Assessment Market, By Organization Size, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Large Enterprises
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- SMEs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
7. Credit Risk Assessment Market, By Vertical, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- BFSI
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Telecom & IT
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Government
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Manufacturing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Retail
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
8. Credit Risk Assessment Market, By Technology, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- AI & ML enabled Credit Risk Assessment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Traditional Credit Risk Assessment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
9. Credit Risk Assessment Market, By Region, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2018 -2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Model, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Vertical, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country 2018-2030, (US$ Bn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Model, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Vertical, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country 2018-2030, (US$ Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Model, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Vertical, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country 2018-2030, (US$ Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Model, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Vertical, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country 2018-2030, (US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Model, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Vertical, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country 2018-2030, (US$ Bn)
- GCC Countries
- Israel
- South Africa
- North Africa
- Central Africa
- Rest of Middle East
10. Competitive Landscape
- Experian
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Equifax
- TransUnion
- Moody's Analytics
- Oracle
- IBM
- SAP
- SAS Institute
- Others
- Analyst Views
11. Section
- Research Methodology
- About us
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.