The number of enterprises in the collection agencies and credit bureaus services in the UK is projected to increase steadily from 2024, with a forecast of 768 enterprises, up to 794 by 2028. This represents a consistent year-on-year growth. The average annual growth rate (CAGR) for this period is notable as the industry gradually expands from its position in 2023.
Future trends to watch include:
- The impact of economic conditions on the demand for credit bureau and collection services.
- Technological advancements and their integration within these services.
- Regulatory changes that may affect industry operations and growth potential.