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Global Digital Lending Market: By Type: Business, Consumer; Industry Opportunities and Challenges; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Digital Lending Market Outlook

The global digital lending market stood at a value of around USD 5.0 billion in 2020. The market is further expected to grow at a CAGR of 15.5% in the forecast period of 2021-2026 to attain a value of around USD 11.9 billion by 2026.


Increasing Consumer Demand for Digital Lending to Propel the Market Growth of the Global Digital Lending Industry

Based on type, the consumer segment is predicted to account for a significant market share in the digital lending industry. This increase can be attributed to the rising awareness among consumers pertaining to digital lending services. New regulations are being implemented to make digital lending services more inclusive and mainstream with renewed attention. For instance, South Korea drafted the data-lending laws in 2020, becoming the first country in the world to do so. This is expected to attract more consumers to engage in digital lending, as these laws would provide a sense of credibility and protection to the consumers. In addition, easy accessibility, consistency, convenience, and opportunity to make quick decisions are some of the benefits that are predicted to aid the market growth in the coming years.


North America to Possess a Significant Market Share in the Global Digital Lending Industry

North America is anticipated to occupy a significant share of the digital lending industry in the forecast period. This growth can be attributed to the heightened deployment of digital solutions across industry verticals in the region. Consequentially, the financial sector is also witnessing an increased adoption of digital solutions, such as digital lending, for quick and efficient loan disbursement with convenient credit and information acquisition and real-time monitoring. Moreover, the increasing presence of significant fintech companies in the region is also aiding the industry growth. Furthermore, the rising digital dependency among consumers is also expected to aid the market growth.


Digital Lending: Industry Definition and Segmentation

Digital lending is the process of obtaining a loan, which is conducted entirely through the digital channel. The borrowing process from the application, disbursement, to management is carried out digitally. In addition, digital mechanisms are used by the lenders to provide information pertaining to credit decisions, which enhances the consumer experience. For instance, consumers can check any loan-related information on their smartphones at their leisure, or the lenders can resolve queries of their customers through mobile apps or over the call. This helps save time and enhance customer engagement through quick information access and convenient and personalised communication, among others.

By type, the market is divided into:

  • Business
  • Consumer

Among these, the business segment can be further bifurcated by type into business digital lending market dynamics and business digital lending ecosystem. At the same time, the consumer segment can be further segregated by type into consumer digital lending market dynamics, consumer digital lending models, and consumer digital lending ecosystem.

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.


Heightened Investments in the Financial Sector to Bolster the Growth of the Global Digital Lending Industry

The rising investments in the banking and financial sector are aiding the growth of the digital lending industry. In addition, rapid digitalisation is also contributing to the overall market growth. This can be attributed to the increased usage of digital solutions across banking operations to streamline business processes while improving the overall functionality and efficiency of the banking sector. Moreover, the increasing adoption of smartphones among consumers and the growing preference for online banking facilities through apps are also aiding the market growth. The heightened technological advancements such as the utilisation of cloud, artificial intelligence (AI), and machine learning (ML) technology are further anticipated to augment the market growth in the coming years.


Key Industry Players in the Global Digital Lending Market

The report gives a detailed analysis of the following key players in the global digital lending industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Funding Circle Limited
  • Prosper Funding LLC
  • On Deck Capital, Inc
  • LendingClub Corporation
  • Zopa Bank Limited 
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface   
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Digital Lending Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Digital Lending Historical Market (2016-2020) 
    8.3    Global Digital Lending Market Forecast (2021-2026)
    8.4    Global Digital Lending Market by Type
        8.4.1    Business
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
            8.4.1.4    Breakup by Type
                8.4.1.4.1    Business Digital Lending Market Dynamics
                8.4.1.4.2    Business Digital Lending Ecosystem
        8.4.2    Consumer
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
            8.4.2.4    Breakup by Type
                8.4.2.4.1    Consumer Digital Lending Market Dynamics
                8.4.2.4.2    Consumer Digital Lending Models
                8.4.2.4.3    Consumer Digital Lending Ecosystem
    8.5    Global Digital Lending Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Funding Circle Limited  
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Prosper Funding LLC
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3     On Deck Capital, Inc
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    LendingClub Corporation
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Zopa Bank Limited  
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Digital Lending Market: Key Industry Highlights, 2016 and 2026
2.    Global Digital Lending Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Digital Lending Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Digital Lending Historical Market: Breakup by Region (USD Billion), 2016-2020
5.    Global Digital Lending Market Forecast: Breakup by Region (USD Billion), 2021-2026
6.    North America Digital Lending Historical Market: Breakup by Country (USD Billion), 2016-2020
7.    North America Digital Lending Market Forecast: Breakup by Country (USD Billion), 2021-2026
8.    Europe Digital Lending Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    Europe Digital Lending Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Asia Pacific Digital Lending Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Asia Pacific Digital Lending Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Latin America Digital Lending Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Latin America Digital Lending Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Middle East and Africa Digital Lending Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Middle East and Africa Digital Lending Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Global Digital Lending Market Structure

Key Questions Answered in the Report

In 2020, the global digital lending market attained a value of nearly USD 5.0 billion.

The market is projected to grow at a CAGR of 15.5% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 11.9 billion by 2026.

The major drivers of the industry, such as the increased demand for digital lending solutions, rapidly growing smartphone ownership, heightened digitalisation, and the increased investments by the governments in the promulgation of digital lending facilities, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the rising investments in the banking and financial industry and the rapid technological advancements.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant segments based on type considered within the market report include business and consumer.

The major players in the industry are Funding Circle Limited, Prosper Funding LLC, On Deck Capital, Inc, Lending Club Corporation, Zopa Bank Limited, and others.

Analyst Review

The global digital lending market attained a value of USD 5.0 billion in 2020, driven by the rising investments in the banking and financial sector. Aided by the rapid digitalisation, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 15.5%. The market is projected to reach USD 11.9 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market can be distributed into business and consumer. The major regional markets for digital lending are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Funding Circle Limited, Prosper Funding LLC, On Deck Capital, Inc, Lending Club Corporation, Zopa Bank Limited, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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