Market Overview:
The global credit risk rating software market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for credit risk rating software from small businesses, midsize enterprises, and large enterprises across the globe. Additionally, the growing adoption of cloud-based credit risk rating software is also contributing to the growth of this market. However, lack of awareness about credit risk rating software among end users is restraining the growth of this market. On-premise type segment held a major share in 2017 and is expected to maintain its dominance during the forecast period from 2018 to 2030 owing to its advantages such as low cost and better security features as compared with cloud-based type segment.
Product Definition:
Credit Risk Rating Software is used to rate the credit risk of a borrower. The software assigns a rating to a borrower that reflects the likelihood that the borrower will default on their debt obligations. This information is important for lenders when making lending decisions.
On-Premise:
On-premise CRR software is a standalone system that has been developed and designed to serve the specific purpose of managing credit risk. It is used by banks, financial institutions, and other enterprises for evaluating the credit risk associated with an individual or business.
Cloud:
Cloud and it's usage in CRM rating software market is expected to grow at a significant pace over the forecast period. The major drivers for this growth are increasing adoption of cloud services by financial institutions, growing demand for big data analytics and advanced risk management solutions, rising security concerns among customers due to leakages in on-premise solutions.
Application Insights:
The other application segment accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. Other applications of global CRR software include personal, corporate and sovereign debt. The use of these solutions helps financial institutions manage credit risk by identifying under-performance indicators for each outstanding obligation, across multiple accounts or exposures.
The small business segment is projected to register a significant CAGR over the forecast period owing to increasing penetration of online banking services worldwide as well as regulatory initiatives encouraging adoption of e-commerce platforms in various countries including India, China and Brazil. Furthermore, growing penetration of mobile payments globally has also encouraged banks and other financial institutions to offer online payment facilities using digital currencies such as bitcoin which has further accelerated growth prospects for this segment.
Regional Analysis:
The North American regional market dominated the global credit risk rating software industry in 2016 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing regulatory requirements for financial institutions, rising cyber-attacks, and growing concerns regarding data security. Moreover, technological advancements such as big data analysis are also contributing toward market growth in this region.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to a large number of unorganized players operating across various sectors in India and China. These players offer their services at low costs thereby making it affordable for SMEs/micro enterprises as well as individuals/households with less resources available for funding these risks.
Growth Factors:
- Increasing demand for credit risk rating software from banking and financial institutions to assess the creditworthiness of borrowers
- Rising need for automated and sophisticated software solutions to manage growing volumes of data
- Proliferation of big data analytics and cloud-based solutions that are helping organizations make better decisions about risk management
- Growing demand for Credit Risk Rating Software from small businesses to mitigate risks associated with lending money
- Emergence of new players in the market that are offering innovative and affordable Credit Risk Rating Software
Scope Of The Report
Report Attributes
Report Details
Report Title
Credit Risk Rating Software Market Research Report
By Type
On-Premise, Cloud
By Application
Small Business, Midsize Enterprise, Large Enterprise, Other
By Companies
IBM, Oracle, SAP, SAS, Experian, Misys, Fiserv, Pega, CELENT, Provenir
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Credit Risk Rating Software Market Report Segments:
The global Credit Risk Rating Software market is segmented on the basis of:
Types
On-Premise, Cloud
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small Business, Midsize Enterprise, Large Enterprise, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Oracle
- SAP
- SAS
- Experian
- Misys
- Fiserv
- Pega
- CELENT
- Provenir
Highlights of The Credit Risk Rating Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-Premise
- Cloud
- By Application:
- Small Business
- Midsize Enterprise
- Large Enterprise
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Credit Risk Rating Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Credit risk rating software is a computer program that assigns a credit risk rating to an entity, such as a company or government. The ratings reflect the likelihood of default on the entity's debt obligations.
Some of the major players in the credit risk rating software market are IBM, Oracle, SAP, SAS, Experian, Misys, Fiserv, Pega, CELENT, Provenir.
The credit risk rating software market is expected to register a CAGR of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Credit Risk Rating Software Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Credit Risk Rating Software Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Credit Risk Rating Software Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Credit Risk Rating Software Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Credit Risk Rating Software Market Size & Forecast, 2020-2028 4.5.1 Credit Risk Rating Software Market Size and Y-o-Y Growth 4.5.2 Credit Risk Rating Software Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 On-Premise
5.2.2 Cloud
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Small Business
6.2.2 Midsize Enterprise
6.2.3 Large Enterprise
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Credit Risk Rating Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Credit Risk Rating Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 On-Premise
9.6.2 Cloud
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Small Business
9.10.2 Midsize Enterprise
9.10.3 Large Enterprise
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 On-Premise
10.6.2 Cloud
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Small Business
10.10.2 Midsize Enterprise
10.10.3 Large Enterprise
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 On-Premise
11.6.2 Cloud
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Small Business
11.10.2 Midsize Enterprise
11.10.3 Large Enterprise
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 On-Premise
12.6.2 Cloud
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Small Business
12.10.2 Midsize Enterprise
12.10.3 Large Enterprise
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 On-Premise
13.6.2 Cloud
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Small Business
13.10.2 Midsize Enterprise
13.10.3 Large Enterprise
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Credit Risk Rating Software Market: Competitive Dashboard
14.2 Global Credit Risk Rating Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Oracle
14.3.3 SAP
14.3.4 SAS
14.3.5 Experian
14.3.6 Misys
14.3.7 Fiserv
14.3.8 Pega
14.3.9 CELENT
14.3.10 Provenir