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Digitization in Lending Market Size, Share Global Analysis Report, 2018 – 2025

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Digitization in Lending Market By Loan Type (Personal Loans, Business Loans, and Auto Loans) and By Deployment (On Computer and On Smart Phone): Global Industry Perspective, Comprehensive Analysis, and Forecast 2018 – 2025

Industry Insights

The report covers the forecast and analysis of the Digitization in Lending market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints of the Digitization in Lending market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Digitization in Lending market on a global level. 

Global Digitization in Lending Market Size

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In order to give the users of this report a comprehensive view of the Digitization in Lending market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product & service launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

The study provides a decisive view of the Digitization in Lending market by segmenting the market based on loan type, deployment, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

logoReport Scope

Report Attribute

Details

Market Size in 2018

USD 4,066 Million

Projected Market Size in 2025

USD 83,458 Million

CAGR Growth Rate

53.6% CAGR

Base Year

2018

Forecast Years

2019-2025

Key Market Players

Lending Stream, 118118Money, Prosper Marketplace Inc., Avant Inc., Elevate, Rise Credit, FirstCash Inc., Speedy Cash, Check ‘n Go, LendUp, NetCredit, Opportunity Financial LLC, Simplic, Headway Capital Partners LLP, Blue Vine, RapidAdvance, Amigo Loans Ltd., Lendico, Trigg, Wonga Group, and Others

Key Segment

By Loan Type, Deployment, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Digitization in lending across the banking sector has become a standard for retail credit processing. With the onset of digital revolution along with the growing digitization in lending activities, personal-loan applications nowadays are submitted through swiping on the smartphones. Today, banks are treating small & medium-sized enterprises as their digital priority. Moreover, traditional banks, as well as FinTech firms, have started offering online plans in lending for small & medium-scale firms. This has resulted in less time in approving of the loans or disbursements and this has made the digitized lending popular both among the consumers and the firms. Digitization in lending also helps the banks to improve their operational efficacy.

The overall Digitization in Lending industry is sectored based on loan type and deployment. Based on the loan type, the market is classified into Personal Loans, Business Loans, and Auto Loans. In terms of deployment, the industry is classified into On Computer and On Smart Phone.

logoThis report segments the Digitization in Lending market as follows:

  • Lending Stream
  • 118118Money
  • Prosper Marketplace Inc.
  • Avant Inc.
  • Elevate
  • Rise Credit
  • FirstCash Inc.
  • Speedy Cash
  • Check ‘n Go
  • LendUp
  • NetCredit
  • Opportunity Financial LLC
  • Simplic
  • Headway Capital Partners LLP
  • Blue Vine
  • RapidAdvance
  • Amigo Loans Ltd.
  • Lendico
  • Trigg
  • Wonga Group
  • and Others

 

logo By Loan Type Analysis

  • Personal Loans
  • Business Loans
  • Auto Loans

logoBy Deployment Analysis

  • On Computer
  • On Smart Phone

logoDigitization in Lending: By Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

 

Industry Major Market Players

  • Lending Stream
  • 118118Money
  • Prosper Marketplace Inc.
  • Avant Inc.
  • Elevate
  • Rise Credit
  • FirstCash Inc.
  • Speedy Cash
  • Check ‘n Go
  • LendUp
  • NetCredit
  • Opportunity Financial LLC
  • Simplic
  • Headway Capital Partners LLP
  • Blue Vine
  • RapidAdvance
  • Amigo Loans Ltd.
  • Lendico
  • Trigg
  • Wonga Group
     

Frequently Asked Questions

Digitization in lending is the breakthrough in the lending & borrowing method that is performed digitally without the utilization of paperwork. Moreover, digitization helps lenders target end-users through real-time offerings. Apart from this, digitization in lending automates complicated procedures and minimizes manual interventions.
According to the report, the global Digitization in Lending market is predicted to be valued at approximately USD 4,066 million in 2018 and is expected to reach a value of around USD 83,458 million by 2025, at a CAGR of around 53.6% between 2019 and 2025.
The large-scale digitization along with the massive acceptance of digitization in lending processes like customer loans, vehicle loans, personnel loans, and business loans will steer the growth of the market over the forecast period.
The growth of the regional market during the forecast timeline is owing to massive digitization in lending procedures witnessed in the financial institutions across countries like France, Germany, and the UK.
Some of the key players involved in the business include Lending Stream, 118118Money, Prosper Marketplace, Inc., Avant, Inc., Elevate, Rise Credit, FirstCash, Inc., Speedy Cash, Check ‘n Go, LendUp, NetCredit, Opportunity Financial, LLC, Simplic, Headway Capital Partners LLP, Blue Vine, RapidAdvance, Amigo Loans Ltd., Lendico, Trigg, and Wonga Group among others.