The Lending Global Market Report 2021-30 by The Business Research Company describes and explains the global lending market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
The Lending Global Market Opportunities And Strategies Report covers lending market drivers, lending market trends, lending market segments, lending market growth rate, lending market major players, and lending market size.
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The lending market report focuses particularly on identifying the trends, opportunities, and strategies that can lead to success. O&S reports are available off the shelf and can be delivered to clients on the day of purchase.
Lending Global Market Opportunities And Strategies Report is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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Trends in the market include:
Alternative Lending Gaining Traction Among Users –
Alternative lending is gaining traction globally. Alternative lending involves giving loans to individuals and businesses who cannot access loans through traditional banking platforms. Alternative lending is becoming popular mainly as offering commercial loans to small businesses is often deemed unprofitable by traditional banks. Alternative lenders rely on advanced technologies such as big data to obtain data-driven insights, which can be used to quicken the overall lending process. This allows alternative lenders to earn profits on loans, which are conventionally considered unprofitable by traditional lenders. Examples of alternative lenders include Lending Club and OnDeck.
Increasing Popularity Of Lending-As-A-Service Platform (LaaS) Online –
Lending-as-a-service (LaaS) platforms are becoming popular as they facilitate faster cashless and paperless borrowing. Digitalization of LaaS platform refers to the use of online technology offered on the website of a bank or a credit union for applications, assessments, fulfilments and repayments online. This enables lending through advanced technology and potentially invaluable non-financial data (big data) for availing credit-based on payments made on e-commerce platforms without a credit score or a credit card. This helps to enhance cashless digital lending, providing loans in a quick and convenient manner, leveraging technology and delivering unique lending products. For instance, according to a report in 2017 by NDP analytics, a Washington, D.C.-based economic research firm, online lending providers increased lending facilities by 50% from 2015 to 2017.
The market report is segmented:
By Type-
Household Lending
Corporate Lending
Government Lending
By Interest Rate –
Fixed Rate
Floating Rate
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