Global Digital Lending Market to be Driven by Increase in Investments in Banking Sector During the Forecast Period 2022-2027

Expert Market Research’s new report titled “Digital Lending Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027”, gives an in-depth analysis of the global digital lending market, assessing the market based on its segments like types and regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators and analyzing the market based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 15.5%

The digital lending market is driven by increased investment in the banking sector. Governments are increasingly investing in developing the country’s financial infrastructure to improve its operational efficiency. Digital lending facilities are expected to be aided by small and medium enterprises around the world, which easily implement banking platforms with secure digital lending facilities. Moreover, rapid investments by major market players in the research and development of digital lending platforms are also helping the industry. This is expected to drive the market growth over the forecast period. Some of the factors that are expected to drive the expansion of the market in the coming years include easy accessibility, consistency, convenience, and the ability to make quick decisions.

Industry definition and major segments

Digital lending refers to the process of acquiring loans through digital platforms. The entire process, from application, acquisition, to loan monitoring and settlement, takes place through online channels. Consumers can avail digital lending services through digital devices, such as smartphones, laptops, and PCs, among others.

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The Digital Lending Market, on the basis of Type, can be segmented into:

• Company

o Digital business lending market dynamics
o Business digital lending ecosystem

• Consumer

o Consumer Digital Lending Market Dynamics
o Consumer Digital Lending Models
o Consumer digital lending ecosystem

Regional digital lending markets include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market trends

The global digital lending industry is driven by increased digitization across the globe. This can be attributed to the increased deployment of digital solutions in the banking sector. Rising consumer preference for digital banking services offering safer and more secure transaction opportunities is expected to augment the market growth. Rapid technological advancements are expected to help the market over the forecast period. Advances in technology, such as the use of advanced artificial intelligence (AI) and machine learning (ML) technologies, are expected to have a positive impact on the growth of the market. The growing presence of large fintech companies in the region is accompanying the development of the industry. Additionally, growing consumer reliance on digital devices is expected to drive the market growth. These factors are expected to drive the market growth in the coming years.

Main market players

The major market players are Funding Circle Limited, Prosper Funding LLC, On Deck Capital, Inc, Lending Club Corporation, and Zopa Bank Limited, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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