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2021
Credit Rating Software Market

Credit Rating Software Market By Component (Software and Service), Deployment Model (On-Premise and Cloud), and Enterprise Size (Large Enterprise and Small & Medium Enterprises): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13296
Pages: NA
Nov 2021 | 28 Views
   
Author(s) : Vineet Kumar
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COVID-19

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Credit Rating Software Market Outlook – 2030

Credit rating is the process of assessing and verifying a person's or company's credibility. The credit rating software becomes very simple and inexpensive as a result of this entire process. The credit rate is calculated using the company's previous records, transactions, and banking behavior. Furthermore, credit analysis is concerned with identifying risks in situations where banks may be able to provide loans. It actually aids in determining whether or not the individual or company will be able to repay the debt.

Credit ratings are issued by credit agencies and are used to assess the risks associated with a government's or company's ability to meet its financial obligations. These scores are critical in determining the quality of fixed-income securities. Credit rating software gathers and stores historical information about a customer's deals and transactions to generate credit rates when necessary.

Modern credit ratings are based on highly advanced primitive techniques for assessing a company's creditworthiness. Moreover, banks have embraced credit rating software on a large scale to improve the precision and consistency of credit rating analysis. Therefore, surge in demand for credit rating to assess the quality of fixed income securities is expected to boost the credit rating solution market growth.

The global credit rating software market is segmented on the basis of component, deployment model, enterprise size, and region. Based on component, the credit rating software market is bifurcated into software and service. In terms of deployment model, the market is categorized into on-premise and cloud. On the basis of enterprise size, the market is divided into large enterprise and small & medium enterprises. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global credit rating software industry include CRISIL Limited, Oracle, Fiserv Inc., Pegasystems Inc., Provenir, International Business Machines (IBM) Corporation, Moody’s Investors Service Inc., S&P Global, Actico GmbH, and Resolver Inc. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global credit rating software market.

Top Impacting Factors

Increased adoption of credit management in various sectors and rise in adoption of credit rating software as it plays a major role in the market are driving the growth of the credit rating software market. In addition, rise in demand for scalable software with automated risk assessment and fixable credit transaction propel the growth of the market. However, increased cyber-attacks is expected to hamper the growth of the market. Contrarily, rise in demand from developing economies is expected to provide lucrative opportunities to the market in the upcoming years.

Increased Adoption of Credit Management in Various Sectors

The use of credit rating software has made it much easier for businesses to forecast their productivity. As a result of rapid development of the IT and telecom industries around the world, these industries are heavily reliant on this software. Credit rated management software facilitates lending automation, credit analysis, and continuous monitoring as well as decision-making.

Credit rated management tools and practices are critical for financial services providers and banking organizations' long-term success. Moreover, the credit rating software market share is also being propelled by increasing complexities in the defense sector. Therefore, the surge in demand for credit management software will foster the growth of the market in the upcoming years.

Increased Adoption of Credit Rating Software as It Plays a Major Role in the Market

It is usually in a company's best interest to seek out a credit rating agency to assess its debt. Investors frequently consider the credit rating of a company's debt when deciding whether or not to buy its bonds or stock. Before deciding to invest, investors frequently consider the credit ratings provided by these international agencies as well as ratings provided by domestic rating agencies.

Investment grade is the dividing line for corporate credit ratings. Moreover, higher investment grade is considered to be less risky, whereas below investment grade carries more risk but also more reward, especially in the form of higher yields on bonds. Therefore, the surge in demand for credit rating software is expected to boost the growth of the credit rating software market during the forecast period.

Key Benefits of the Report

  • This study presents analytical depiction of the global credit rating software market forecast along with the current trends and future estimations to determine the imminent investment pockets.      
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.     
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the global credit rating software market growth scenario.                  
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed credit rating software market analysis depending on the present and future competitive intensity of the market.

Market Scope and Structure Analysis

Report Metric

Details

 Market Size Available For Years

 2020–2030

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Unit

 Value ($)

 Segments Covered

Component, Deployment Model, Enterprise Size, and Region

 Regions Covered

North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and the Rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa)

 Companies Covered

CRISIL Limited, Oracle, Fiserv Inc., Pegasystems Inc., Provenir, International Business Machines (IBM) Corporation, Moody’s Investors Service Inc., S&P Global, Actico GmbH, and Resolver Inc.


COVID-19 Scenario Analysis

  • During the COVID-19 outbreak, the pandemic has lowered the value of data used in rating systems, making them untrustworthy. However, it is fortunate that new technologies, such as open banking, provide a solution. Open banking allows for more personalized, real-time data to be used in risk and credit scoring. Risk management teams can use open banking data to score a company's ability to generate revenue.
  • As the need for more comprehensive open data, scoring models become more apparent as a result of the pandemic. Traditional risk management and scoring models will undoubtedly improve as a result of open banking solutions.

Credit Rating Software Market Key Segments

Segment

Sub-Segment

 Component

  • Software
  • Service

 Deployment Model

  • On-Premise
  • Cloud

 Enterprise Size

  • Large Enterprise
  • Small & Medium Enterprises


Questions Answered in the Credit Rating Software Market Research Report

  • Who are the leading market players active in the credit rating software market?
  • What would be the detailed impact of COVID-19 on the credit rating software market size?
  • How current credit rating software market trends would influence the industry in next few years?
  • What are the driving factors, restraints and opportunities in the credit rating software market?
  • What are projections for the future that would help in taking further strategic steps?
 
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