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Global Digital Lending Market: By Type: Business, Consumer; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; 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 2023-2028 to attain a value of around USD 11.9 billion by 2026.

 

Global Digital Lending Market

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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: Market 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.

 

Global Digital Lending Market by Segment

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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.

 

Global Digital Lending Market by Region

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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.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Region
Breakup by Type Business, Consumer
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Funding Circle Limited, Prosper Funding LLC, On Deck Capital, Inc, LendingClub Corporation, Zopa Bank Limited, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Digital Lending Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Digital Lending Historical Market (2018-2022) 
    8.3    Global Digital Lending Market Forecast (2023-2028)
    8.4    Global Digital Lending Market by Type
        8.4.1    Business
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
            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 (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
            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    North America
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022) 
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Europe
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022) 
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Asia Pacific
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022) 
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Latin America
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022) 
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Middle East and Africa
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022) 
            8.5.5.3    Forecast Trend (2023-2028)
9    North America  Digital Lending Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Digital Lending Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Digital Lending Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Digital Lending Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Digital Lending Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value  Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Funding Circle Limited
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Prosper Funding LLC
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    On Deck Capital, Inc
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    LendingClub Corporation
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Zopa Bank Limited
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Digital Lending Market: Key Industry Highlights, 2018 and 2028
2.    Global Digital Lending Historical Market: Breakup by Type (USD Billion), 2018-2022
3.    Global Digital Lending Market Forecast: Breakup by Type (USD Billion), 2023-2028
4.    Global Digital Lending Historical Market: Breakup by Region (USD Billion), 2018-2022
5.    Global Digital Lending Market Forecast: Breakup by Region (USD Billion), 2023-2028
6.    North America Digital Lending Historical Market: Breakup by Country (USD Billion), 2018-2022
7.    North America Digital Lending Market Forecast: Breakup by Country (USD Billion), 2023-2028
8.    Europe Digital Lending Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    Europe Digital Lending Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Asia Pacific Digital Lending Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Asia Pacific Digital Lending Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Latin America Digital Lending Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Latin America Digital Lending Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Middle East and Africa Digital Lending Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Middle East and Africa Digital Lending Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 2023-2028 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 2023-2028, 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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