Financial Services

Credit Bureaus Market to Grow at a CAGR of 11.4% from 2025 to 2029

November 13, 2025 by The Business Research Company

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What Is The Future Market Size Estimation For The Credit Bureaus Market Covering 2025–2034?

The credit bureaus market size has experienced rapid expansion in recent years. This market is expected to expand from $110.21 billion in 2024 to $123.34 billion in 2025, registering a compound annual growth rate (CAGR) of 11.9%. The growth observed in the historic period is primarily due to factors like lending industry growth, financial inclusion initiatives, regulatory compliance and reporting requirements, risk management practices in financial institutions, and heightened consumer credit awareness.

The credit bureaus market size is projected to experience substantial expansion over the coming years, anticipated to reach $189.65 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 11.4%. This growth during the forecast period can be attributed to several factors, including alternative data sources and machine learning, the emergence of open banking, cybersecurity concerns and data protection, government initiatives for financial inclusion, and shifts in consumer behavior. Furthermore, major trends expected in the forecast period encompass technology advancements in data processing, digital transformation in banking and finance, alternative data integration, the application of blockchain for identity verification, and a focus on consumer empowerment.

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Which Major Market Drivers Are Shaping The Future Of The Credit Bureaus Market?

The rising popularity of credit cards is projected to fuel the expansion of the credit bureau market in the future. Credit cards serve as a substitute for cash or checks, typically providing an unsecured revolving credit line. Issuers of credit cards furnish data to credit bureaus regarding cardholder actions, which assists in evaluating individual credit scores. These scores, in turn, enable customers to apply for loans. Additionally, credit cards offer advantages like unlimited reward points on usage, insurance coverage, discounts, and cashback, alongside contributing to improved credit scores. As an illustration, the Federal Reserve Bank, a US-based institution, reported that in November 2022, the rate of credit card applications rose from 26.5% in 2021 to 27.1% in 2022. Consequently, this heightened demand for credit cards is stimulating the expansion of the credit bureau market.

What Are The Major Segment Categories Driving The Credit Bureaus Market Growth?

The credit bureausmarket covered in this report is segmented –

1) By Product Type: Credit Score, Credit Reports, Credit Check Services

2) By Report Type: Corporate Credit Reports, Individual Credit Reports

3) By End User: Commercial, Consumer

Subsegments:

1) By Credit Score: Consumer Credit Scores, Business Credit Scores, Credit Reports

2) By Credit Reports: Individual Credit Reports, Corporate Credit Reports, Credit Check Services

3) By Credit Check Services: Employment Credit Checks, Rental Credit Checks, Loan Eligibility Checks, Identity Verification Services

Which Key Trends Are Expected To Influence The Credit Bureaus Market In The Coming Years?

Leading entities within the credit bureau market are dedicated to advancing credit assessment solutions, including household-level credit reports. These reports aim to optimize loan underwriting procedures and furnish lenders with a holistic perspective on applicants’ financial standing. Household-level credit reports are instrumental in helping lenders evaluate an entire household’s collective creditworthiness and financial capabilities, thereby streamlining loan underwriting and refining risk assessment. A notable illustration occurred in February 2023, when Equifax Credit Information Services Private Limited (ECIS), a US-based credit bureau and consumer credit company, introduced its Household Combined Credit Report, tailored for the microfinance sector. This pioneering product simplifies the loan underwriting journey by empowering lenders to gauge applicants’ credit capacity at the household level, rather than exclusively depending on individual credit histories. This yields a thorough overview of a household’s total income, equated monthly installment (EMI) obligations, and overall credit exposure through one inquiry.

Who Are The Major Companies Operating In The Credit Bureaus Market?

Major companies operating in the credit bureaus market include Experian, Equifax, TransUnion, FICO, Credit Karma, Innovis, CoreLogic, VantageScore Solutions, CreditSafe, SageStream, ClearScore, ID Analytics, CRIF, FactorTrust, Experian Information Solutions, Equifax Information Services, TransUnion Interactive, Aequitas Solutions, NCTUE, SmartCredit, LexisNexis Risk Solutions, CIBIL, CreditReports.com, Microbilt, Creditera

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How Does The Credit Bureaus Market Perform Across Key Geographic Regions?

North America was the largest region in the credit bureau market in 2024. The regions covered in the credit bureaus market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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