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Credit Agencies in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Credit Agencies Market Research Report | ANZSIC N7293b | Feb 2013

Taking credit: Improving corporate profits and stronger global growth will benefit the industry

IBISWorld’s Credit Agencies market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$750m
Annual Growth 08-13
1.2%
Annual Growth 13-18
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Profit
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Employment
2,114
Businesses
32
Industry Analysis & Industry Trends

The Credit Agencies industry has grown solidly over the past five years despite challenges presented by the onset of the global financial crisis in 2008-09. Consumer and business sentiment crashed as financial markets went into turmoil across the world, though credit agencies were only particularly affected in 2008-09. Stronger growth was achieved in 2009-10 as stimulus packages and increased confidence assisted growth. Furthermore, Australia's overall debt continued to grow over the period and is expected to be in excess of $4.0 trillion in 2012-13. This is largely due to a $3.5 trillion dollar private debt split between businesses, investment funds and households. As a result, industry revenue is expected to grow at a compound annual rate of 1.2% over the five years through 2012-13... purchase to read more

Industry Report - Industry Investment Chapter

The industry is largely labour and knowledge intensive. This is being swayed to some extent by increasing reliance on computerised information and databases, as well as web portals for clients; to the extent that the industry's services are largely based on propriety technology and databases. The industry will continue to be very reliant on financially-grounded staff, keeping the industry is labour intensive for the foreseeable future. However, new information and communication technology is providing more the cost efficient and effective ways of collecting and distributing credit and ratings information to clients.

The industry is characterised by a moderate level of capital intensity as $6.70 of labour is required per $1.00 of capital invested... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Credit Agencies Industry?

This industry provides independent opinions of the creditworthiness of particular companies, individuals, securities or financial obligations. A credit bureau (or consumer credit reporting agency) provides opinions on the creditworthiness of an individual. A credit rating agency (CRA) assigns a credit rating for a particular issue of debt, but also evaluates the overall creditworthiness of the issuing entity.

Industry Products
Consumer credit reportingCommercial credit reportingProviding credit ratings for financial products
 
Industry Activities
Commercial credit reportingConsumer credit reportingCredit investigation servicesCredit rating servicesCredit reporting


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