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With 13.5% CAGR, Digital Lending Market Size worth USD 22.4 Billion by 2028 | Vantage Market Research
Vantage Market Research
11 min read
Vantage Market Research, The North Star for the Working World
Vantage Market Research, The North Star for the Working World

WASHINGTON, May 09, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Digital Lending Market finds that the factors such as, government engagement towards digital lending, escalating demand for smartphones & rapid digitalization, greater visibility & options for borrowers & lenders, huge digital lending demand in MSMEs platform and huge growth of digital lending in pandemic period are augmenting the maximum growth for Digital Lending Market over projected years. However, high preference for traditional lending methods is a major obstacle in the growth of Digital Lending Market during forecast period. Whereas, increasing use of advance technologies in digital lending platform will create various growth opportunities for Digital Lending Market in the coming years.

The total Global Digital Lending Market is estimated to reach USD 22.4 Billion by the year 2028 and is projected to grow exhibiting a Compound Annual Growth Rate (CAGR) of 13.5%, states Vantage Market Research, in a report, titled “Digital Lending Market Size, Share & Trends Analysis Report by Offering (Solutions, Services), by Deployment Mode (Cloud, On-premises), by End User (Banks, Credit Unions, NBFCs), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”. The Global Digital Lending Market revenue stood at a value USD 10.5 Billion in the year 2021.

Get Access to a Free Copy of Our Latest Sample Report @ https://www.vantagemarketresearch.com/digital-lending-market-1542/request-sample

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  • The report analyzes the Digital Lending market competitive landscape and offers information on several market vendors.

  • An Exclusive study come up with Vantage Market Research experienced researchers projected value of USD 22.4 Billion at a CAGR of 13.5%.

  • It offers additional highlights and key points on various market segments and their impact in the coming years.

  • The sample report includes Latest Drivers and Trends in the Market.

  • Comprehensive information on factors that will assist Digital Lending market growth during the next five years.

  • The report offers predictions on upcoming trends and changes in consumer behavior.

  • Comprehensive study involving market types, application and end-users.

  • To understand more about Market Dynamics, get access to our free sample report.

Market Dynamics:

Drivers:

Changing Consumer Expectation and Behaviour for Using Digital Platform Drives the Market Demand

Many consumers require various types of loan such as, personal loan to home loan and many other. And with the help of digital banking and financial operations, it is quite easy to take loan instantly. In addition, digitization in banking and financial services provides various benefits that helps these consumers to fulfill their expectations. In order to meet customer expectations, the digital lending providers gives more focus in enhancing their offerings. Therefore, changing consumer demand and expectation fuels the growth of Digital Lending Market in coming years. In addition, increasing use of smartphones across globe also provides hassle free processing of loan from anywhere. Thus, rapid increase in smartphone users is also responsible for augmenting the growth of Digital Lending Market in years to come.

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