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