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Alternative Lending Platform Market to be Worth $14.47 Billion by 2030: Grand View Research, Inc.SAN FRANCISCO, Dec. 1, 2022 /PRNewswire/ -- The global alternative lending platform market size is expected to reach USD 14.47 billion by 2030, growing at a CAGR of 23.6% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The growing integration of technology in the financial sector worldwide is anticipated to drive the growth. The strong emphasis by market players on offering enhanced lending solutions to revolutionize the financing ecosystem also bodes well for the development of the industry. Key Industry Insights & Findings from the report:
Read 160-page full market research report, "Alternative Lending Platform Market Size, Share & Trends Analysis Report By Solution (Loan Origination, Lending Analytics, Loan Servicing), By Service, By Deployment, By End-use, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research. Alternative Lending Platform Market Growth & Trends In June 2022, HES FinTech, a loan management platform provider, based in Lithuania, collaborated with Nordigen, a transaction analytics platform based in Latvia. This partnership was aimed to revitalize the lending ecosystem in the European markets by delivering integrated and seamless solutions for end-to-end digital lending. They are focused on a technologically advanced approach to making the lending sector more accessible by eliminating the hassle of traveling to offices and signing documents. Industry incumbents across the globe are focused on customer acquisition by providing attractive products. For instance, in December 2021, Kabbage from American Express launched Kabbage FundingTM, providng flexible lines of credit between USD 1,000 and USD 150,000 to qualified small businesses. Small businesses may apply for loans in minutes with Kabbage Funding to get working capital available around the clock to help them manage their cash flow. The outbreak of COVID-19 is expected to play a vital role in driving the growth of the market during the forecast period. Although the outbreak took a toll on the lending market, the need for credit, on the other hand, increased as many individuals suffered financial losses. This created unique opportunities for alternative lenders to cater to the vast credit requirement globally. Alternative Lending Platform Market Segmentation Grand View Research has segmented the global alternative lending platform market based on solution, service, deployment, end-use, and region. Alternative Lending Platform Market - Solution Outlook (Revenue, USD Million, 2017 - 2030)
Alternative Lending Platform Market - Service Outlook (Revenue, USD Million, 2017 - 2030)
Alternative Lending Platform Market - Deployment Outlook (Revenue, USD Million, 2017 - 2030)
Alternative Lending Platform Market - End-use Outlook (Revenue, USD Million, 2017 - 2030)
Alternative Lending Platform Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)
List of Key Players of the Alternative Lending Platform Market
Check out more related studies published by Grand View Research:
Browse through Grand View Research's Next Generation Technologies Industry Research Reports. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg View original content:https://www.prnewswire.co.uk/news-releases/alternative-lending-platform-market-to-be-worth-14-47-billion-by-2030-grand-view-research-inc-301691225.html |