Outsell has published its 2008 final market size and share report on the credit & financial information segment.  The following is an excerpt of the report summary: 

The Credit & Financial Information market grew by 4.0% in 2008 to achieve an estimated total market size of $42.1 billion.  This represents a slowdown from the growth rates seen in the previous three years, but shows a degree of resilience in the face of the economic slowdown and turbulence in the financial markets. The strong performers were companies in the financial information sub-segment of the market. The appetite for financial information and for associated analysis and investment decision support tools remained strong for most of 2008. The market turmoil following the collapse of Lehman Brothers in September of 2008 was beginning to impact some fourth quarter results, and financial information budgets are likely to be cut significantly in 2009 as the financial services sector accommodates substantial job losses.

The credit information sub-segment of the market performed much more sluggishly in 2008. Companies supplying credit information and credit ratings are more immediately impacted by a fall in transaction volumes in the markets they serve. The contraction of the capital and credit markets hit the major credit ratings agencies particularly, and the revenues of all the major ratings companies fell. The consumer and business credit information providers fared better than the ratings agencies.

There is an argument that this part of the information industry is countercyclical: that demand increases – at least at the onset of a recession — as customers become increasingly risk averse. There seems to be some evidence to support this view in the 2008 results.    The price of the report is $1895.00, BIIA member discount is 20%.  It can be ordered at http://www.outsellinc.com/store/products/857  

BIIA Newsletter July-August 2009 Issue