First Research US Industry Profile

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Credit Reporting Services
SIC Codes: 7323
NAICS Codes: 561450
Last Quarterly Update: 3/4/2019
Companies in this industry compile, manage, and report credit information on businesses and consumers. Major companies include Dun & Bradstreet, Equifax, Moody's, S&P Global, and TransUnion (all based in the US), as well as Experian (Ireland) and Creditreform (Germany).
Most large credit reporting services companies operate internationally and are rapidly expanding in emerging markets in Asia/Pacific, Latin America, and Africa. The US, the UK, Germany, Australia, and Japan have well-established credit reporting systems.
The US credit reporting services industry consists of about 520 establishments (single-location companies and units of multi-location companies) with annual revenue of about $9 billion.
Competitive Landscape
Demand is driven by the volume of financial transactions and by the health of the economy. The profitability of individual companies depends largely on efficiency of operations. Large credit reporting companies have significant economies of scale in operations. Small companies can compete effectively by operating in niche markets, such as business credit, tenant screening, or employment screening. The US industry is highly concentrated: the 50 largest firms account for more than 95% of revenue, and the four largest firms account for about 60% of revenue.
Credit reporting services may face competition from companies who choose to bring their credit reporting activities in-house. Some credit data is available via public databases that the internet has made more accessible.
Products, Operations & Technology
Consumer credit rating services account for about 60% of US industry revenue; commercial credit rating services account for the remainder. ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms
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