COMPANY PROFILE -Equifax Inc.
Business Sector :Information technology and services
Operating Geography :United States, North America, Global
About Equifax Inc. :
With its headquarters in Atlanta, Georgia, Equifax Inc. is a worldwide American consumer credit reporting company. Cator and Guy Woolford founded Equifax, subsequently known as the Retail Credit Company, in 1899. It offers business, governmental, and consumer client information solutions and HR business process outsourcing services. It empowers clients globally by transforming knowledge into insights that support better-informed personal and professional decisions through the use of technology, cutting-edge analytics, proprietary software tools, unique data, and industry expertise. Additionally, Equifax provides information, technology, and services to support recovery management, debt collection, payroll-related business process outsourcing, and HR management business process outsourcing in the US. The company also has operations in Europe, the Asia-Pacific region, Central and South America, and the Caribbean. Equifax announced in October 2022, that it will be the first to offer specific telecommunications (telco), pay TV, and utilities attributes to the mortgage industry to help streamline the mortgage underwriting process and support loans in the secondary mortgage market.
Equifax's USP lies in its being one of the top three companies that provide consumer credit reports, and gather and combines data on more than 800 million people and 88 million organizations worldwide. The mission statement of Equifax reads, "Our purpose is to help people live their financial best. We strive to create economically healthy individuals and communities everywhere we do business".
Equifax Inc. Revenue :
US$ 4.923 billion - FY ending 31st December 2021 (y-o-y growth 19.25%)
US$ 4.128 billion - FY ending 31st December 2020
Competitive Analysis of Equifax Inc.
The SWOT analysis for Equifax Inc. is presented below in a matrix followed by the detailed analysis report:
Strengths | Weaknesses |
1. Large customer base with no customer accounting for over 3% of revenue.
2. Leading provider of payroll related and human resource management business process outsourcing services in US.
3. Diversified portfolio of products and services across a wide range of verticals.
4. Consistent operating profits recorded for the past 10 years.
| 1. Involved in a cyberattacks leading to negative publicity.
2. Outsourcing of various components can adversely impact the operations of the company.
3. The company has significant level of debts.
|
Opportunities | Threats |
1. Use of cloud data and technology transformation for product development.
2. Strategic acquisitions leading to significant increase in revenue streams.
| 1. Failure to maintain key industrial and technical certifications.
2. The market for the company’s products and services is highly competitive.
3. Risks associated with doing business internationally.
|
Equifax Inc. SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
Detailed SWOT Analysis of Equifax Inc.
Strength
This section is available only in the 'Complete Report' on purchase.
Weakness
This section is available only in the 'Complete Report' on purchase.
Opportunity
1. Use of cloud data and technology transformation for product development: Transformation of the company’s business with cloud computing is crucial to the competitive future of the company. Since 2018 the company has invested an incremental $1.5 billion in cloud technology. The company is partnering with Google to benefit from its cloud platform and office solutions. The company will use cloud data and technology transformation to rebuild technology infrastructure, accelerate the company’s migration to a public cloud environment, employ virtual private cloud deployment techniques and rationalize and rebuild its application portfolio using cloud-native services. For Equifax cloud transformation was the optimal path to protect against security vulnerabilities along with taking advantage of cloud infrastructure to deliver new products and best serve the B2B customers.
The remaining section under "Opportunity" is available only in the 'Complete Report' on purchase.
Threat
This section is available only in the 'Complete Report' on purchase.
The PESTLE analysis for Equifax Inc. is presented below in a table followed by the detailed analysis report:
Political | Economical |
1. Uncertainties regarding Brexit could materially impact the company.
2. The policies of the new U.S. Congress and the Biden Administration could impact the business.
3. The Tax Cuts and Jobs Act has positively impacted the company. | 1. Currency fluctuations against the U.S. dollar impacts the revenue of the company. |
Social | Technological |
1. Growing trend of digitalisation globally accelerated by Covid-19. | 1. Use of machine learning and proprietary software tools to analyse data and create customized insights.
2. Heavy investments in cloud technology to increase efficiency, stability and promote innovation.
|
Legal | Environmental |
1. Subject to various consumer and data protection regulations in different countries like the Personal Information Protection and Electronic Documents Act in Canada.
2. Subject to numerous laws in the US such as The Fair Credit Reporting Act.
| 1. Reduction in the global carbon footprint by leveraging cloud transformation.
2. To increase sustainability, waste management initiatives are undertaken.
|
Equifax Inc. SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
Detailed Pestle Analysis of Equifax Inc.
Political
This section is available only in the 'Complete Report' on purchase.
Economic
This section is available only in the 'Complete Report' on purchase.
Social
This section is available only in the 'Complete Report' on purchase.
Technological
This section is available only in the 'Complete Report' on purchase.
Legal
1. Subject to various consumer and data protection regulations in different countries like the Personal Information Protection and Electronic Documents Act in Canada: The Personal Information Protection and Electronic Documents Act in Canada governs the collection, use and disclosure of personal information by organizations in the private sector. It sets out specific obligations with respect to accountability, compliance, personal data breach reporting among various other things. In Australia the company is regulated by The Office of the Australian Information Commissioner agency. In New Zealand the company falls under the regulation of the Office of the Privacy Commissioner. In European Union the company is subject to the extremely broad and sweeping privacy law- General Data Protection Regulation. In the United Kingdom the company is subject to the regulations of the Financial Conduct Authority as well as the U.K. Information Commissioner’s Office. These are few of the many data protection, privacy and consumer credit laws and regulations that the company is subject to in the foreign companies where it operates.
The remaining section under "Legal" is available only in the 'Complete Report' on purchase.
Environmental
This section is available only in the 'Complete Report' on purchase.
Major Brands :
- TrustedID
- Equifax Workforce Solutions
- ID Watchdog, Inc.
- i2verify
- TDX Group
- Clearing de Informes SA
Equifax Inc. SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
You may also be interested in other analyses of Equifax Inc.:
-
Equifax Inc. Porter's Five Forces Analysis |
|
-
Equifax Inc. VRIO Analysis |
|
-
Equifax Inc. Value Chain Analysis |
|
-
Equifax Inc. Covid-19 Impact Analysis |
|
-
Equifax Inc. BCG Analysis |
|
-
Equifax Inc. Segmentation, Targeting and Positioning (STP) Analysis |
|
-
Equifax Inc. Ansoff Matrix Analysis |
|
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Company Overview Report
This report is shared in order to give you an idea of what the complete Company Overview Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Competitor Analysis Report
This report is shared in order to give you an idea of what the complete Competitor Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Porter's Five Forces Analysis Report
This report is shared in order to give you an idea of what the complete Porter's Five Forces Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
VRIO Analysis Report
This report is shared in order to give you an idea of what the complete VRIO Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Value Chain Analysis Report
This report is shared in order to give you an idea of what the complete Value Chain Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Regulatory Outlook Report
This report is shared in order to give you an idea of what the complete Regulatory Outlook Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Risk Analysis Report
This report is shared in order to give you an idea of what the complete Risk Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Key Performance Indicators (KPI's) Report
This report is shared in order to give you an idea of what the complete Key Performance Indicators (KPI's) Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Environmental, Social, and Governance (ESG) Analysis Report
This report is shared in order to give you an idea of what the complete Environmental, Social, and Governance (ESG) Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
M&A Analysis Report
This report is shared in order to give you an idea of what the complete M&A Report and Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Subsidiaries, Partnerships and Collaborations Report
This report is shared in order to give you an idea of what the complete Subsidiaries, Partnerships and Collaborations Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Stakeholder Analysis Report
This report is shared in order to give you an idea of what the complete Stakeholder Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Technology Landscape and Outlook Report
This report is shared in order to give you an idea of what the complete Technology Landscape and Outlook Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Covid-19 Impact Analysis Report
This report is shared in order to give you an idea of what the complete Covid-19 Impact Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Key News and Events Report
This report is shared in order to give you an idea of what the complete Key News and Events Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
BCG Analysis Report
This report is shared in order to give you an idea of what the complete BCG Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Digital Marketing and Social Media Strategy Analysis Report
This report is shared in order to give you an idea of what the complete Digital Marketing and Social Media Strategy Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Segmentation, Targeting and Positioning (STP) Analysis Report
This report is shared in order to give you an idea of what the complete Segmentation, Targeting and Positioning (STP) Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Request for Quotation
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Get The Free Sample
Ansoff Matrix Analysis Report
This report is shared in order to give you an idea of what the complete Ansoff Matrix Analysis Report will cover after purchase. We invest deep in order to bring you insightful research which can add tangible value to your business or academic goals, at such affordable pricing.
Get this report delivered straight into your email inbox for free.
You also agree to receive email updates from us on our new reports and solutions.
We do not share your information with anyone. However, we may send you emails on our new reports and solutions.
Check Out Analysis of Other Relevant Companies
References used in Equifax Inc. SWOT & PESTLE Analysis Report
1. Annual Report - https://d1io3yog0oux5.cloudfront.net/_8b695e9a1c2de77db0f1b12a72681775/equifax/db/2054/18648/annual_report/2020-annual-report.pdf
2. Equifax Operating Income 2010-2022 | EFX - https://www.macrotrends.net/stocks/charts/EFX/equifax/operating-income
3. Top 10 Digital Transformation Trends For 2021 - https://www.forbes.com/sites/danielnewman/2020/09/21/top-10-digital-transformation-trends-for-2021/?sh=64c3c336c6f4
4. Environment - https://www.equifax.com/about-equifax/environment/
The detailed complete set of references are available on request in the 'Complete report' on purchase.
How to Reference This Page?
You can use the following in your reference section in order to give credit to the source. For different referencing styles and detailed guidelines, please click here.
Equifax Inc. SWOT and PESTLE Analysis - SWOT & PESTLE.COM
SWOT & PESTLE.com (2024). Equifax Inc. SWOT and PESTLE Analysis - SWOT & PESTLE.com. [online] Available at: https://www.swotandpestle.com/equifax/ [Accessed 19 Sep, 2024].
In-text: (SWOT & PESTLE.com, 2024)
Copyrights and Disclaimer
Equifax Inc. SWOT and PESTLE analysis has been conducted by Shreya Gupta and reviewed by senior analysts from Barakaat Consulting.
Copyright of Equifax Inc. SWOT and PESTLE Analysis is the property of Barakaat Consulting. Please refer to the Terms and Conditions and Disclaimer for usage guidelines.