TransUnion (TRU) Poised To Grow In The Big Data Market
Zacks Investment Research | May 31, 2017 08:44AM ET
On May 31, we updated the research report on business information service provider TransUnion (NYSE:TRU) .
Headquartered in Chicago, IL, TransUnion is a consumer information services company that offers data and analytics solutions, particularly in credit risk management. The company is one of the three largest credit reporting agencies in the U.S., with the other two being Experian and Equifax Inc (NYSE:EFX). TransUnion’s distinctive and comprehensive datasets, next-generation technology and its analytics and decision-making capabilities, which enable it to deliver insights across the complete consumer lifecycle, set it apart from its peers. The company boasts rich domain proficiency across a wide range of industry verticals, including insurance, healthcare and financial services. It also caters to verticals like wireless, real estate and general commercial/business information.
The company’s addressable market includes the burgeoning Big Data and analytics market, which is expanding at a rapidly accelerating pace as companies realize the advantages of building an analytical enterprise where decisions are derived from data and insights. Numerous underlying trends are supporting this market growth. These include the creation of massive amounts of data, advances in technology and analytics that allow data to be processed more swiftly and efficiently, and mounting demand for these business insights across industries and geographies. Research firm IDC projects that global spending on Big Data and analytics services will grow at a compounded annual growth rate (“CAGR”) of 11.7%, and will reach $203 billion in 2020 from $130 billion in 2016. In order to capitalize on the immense potential growth in this market, TransUnion has leveraged its next-generation technology to strengthen its analytics capabilities and has further expanded its database.
TransUnion has outperformed the Zacks categorized Zacks Investment Research
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