Increasing Adoption Of Digitization By Banks To Improve Productivity In The Global Lending Market

Asia Pacific was the largest region in the lending market in 2017, accounting for above 53% market share. China was the largest country in the market in 2017, accounting for above 36% market share

The lending market comprises establishments engaged in making secured or unsecured loans to various entities. Entities include establishments such as finance companies, personal credit institutions, loan companies and student loans companies. This market covers all types of loans such as mortgage loan, personal loan, working capital loan, vehicle loan, industrial loans and others. Revenue generated from the lending market includes all the interest charges levied by the banks and financial institutions against loan sanctioned. This market includes interest charged by the banks on credit card and other cards.

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The global lending market has been growing in the past years with a CAGR of almost 6%. The year 2017 recorded high growth in this market with a net market value almost 20% higher than that of 2013, as per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the global lending market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.

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Big data, which is initially seen as a threat that could replace for skilled researchers, is turning out to be a critical tool for research companies. It is now becoming complimentary while executing research projects and for researchers working on a large volume of data. Market research companies are offering analytics solutions to give more robust insights to their clients.
Companies included in the report are Nielsen Holdings plc, WPP PLC, Ipsos SA, GfK GROUP, and Westat, Inc.

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Categories
Business · Finance · Services
Last Updated
October 15, 2018
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