๐ ESG Ratings & Research growth moderated in 2025, following several years of exceptional expansion.
ESG Ratings & Research revenues grew 7.8% in 2025, down from 13.3% in 2024 and 34.8% in 2023.
While growth has moderated, the longer-term trajectory remains significant. Since 2020, the segment has expanded at a 25% CAGR, with revenues more than tripling over that period. ESG Ratings & Research continues to grow faster than the overall market.
๐ This shift highlights how growth dynamics within market data are becoming more differentiated across segments, reinforcing the need for granular, customisable data that allows firms to size markets precisely and compare segments consistently.
We will continue sharing insights from BCG Expandโs 2026 Market Data Report over the next two weeks, exploring what these dynamics signal for the year ahead.
๐ To discuss how we can support your market data priorities, get in touch with Tracy DeLuca.