New York, NY, March 29, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Digitization in Lending Market by Loan Type (Personal Loans, Auto Loans, and Business Loans); by Deployment (On Computer and On Smart Phone): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016– 2025”.

According to the report, the global digitization in lending market was valued at around USD 1,790 billion in the year 2016 and it is expected to reach approximately USD 83,460 billion by 2025. The global digitization in lending market is expected to exhibit a CAGR of more than 53% between 2017 and 2025.

The growing adoption of digitalization is the main factor that is driving the market. Through digitIzation, the lending system has changed completely. Digital lending is advancement in the lending and borrowing process which is carried out on the online or digital platform without making use of paperwork. It has saved up a lot of time and has increased data security. The traditional processes were chaotic as loads of documents were collected and piled up but now with the help of digital lending, it is just a click away as everything is online.

Browse through 37 Tables & 19 Figures spread over 110 Pages and in-depth TOC on "Global Digitization in Lending Market Size, Share, Trends, Growth Analysis and Forecast 2016 – 2025”.

Request Free Sample copy of Global Digitization in Lending Market Report @ https://www.zionmarketresearch.com/sample/digitization-in-lending-market

Market Report Highlights:

  • The benefits of the digitization in lending market are the process takes less time, increased data security, and elimination of paperwork.
  • Lack of awareness in developing economies about digitization in lending and its advantages may hamper the growth of the market.
  • By loan type, business loans dominated the digitization in lending market. The increasing small and mid-sized businesses are driving the growth of the segment.
  • In the forecast period, the auto loans segment is anticipated to witness significant growth owing to the increasing penetration of the vehicles across the world.
  • The flexibility for attaining the personal loan is easier through digitalized lending platform thus contributing to the growth of the segment.
  • The personal loans segment accounted for around 17% of market share in the global digitization in lending market.
  • By deployment, on-computer segment held the major market share of over 60% in 2016.
  • It is expected that on-smartphone segment will register the highest CAGR growth in the forecast period.
  • Ease of accessibility and support for several advanced applications are factors that are driving the on-smartphone segment.
  • China is expected to experience a significant market growth owing to the strong base of the banking industry in the country.
  • Europe holds the dominant position in the global digitization in lending market with around 39% of market share in 2016.
  • The U.K. is the leading country in the digitization in lending market in Europe.
  • France has registered an influential growth rate in the digitization in lending market.
  • The U.K. and France accounted for the major market share of more than 50% in 2017 in digitization in lending market. The strong presence of top lenders in Europe is expected to propel the growth of the market in the region.
  • In America, the number of auto loans has been growing at a rapid rate.
  • The U.S. contributes the major share in the digitization in lending market in North America.

Ask The Analyst: https://www.zionmarketresearch.com/ask-to-analyst/digitization-in-lending-market

By loan type, the global digitization in lending market is divided into a personal loan, auto loan, and business loan. Business loan segment leads the global market; it contributed a major market share of more than 50% in 2016. It is anticipated that this segment will retain its dominance in the forecasted period. The major factor that is driving this segment is the rising number of small-scale businesses across the world. Auto loan segment is also expected to witness a rapid growth over the forecasted period owing to growing vehicle penetration across the regions. The private and the captive auto financers are focusing on improving their lending platforms so that they have a good relationship with both the automobile dealers and purchasers.

Browse the full "Digitization in Lending Market by Loan Type (Personal Loans, Auto Loans, and Business Loans); by Deployment (On Computer and On Smart Phone)-Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016– 2025" report at https://www.zionmarketresearch.com/report/digitization-in-lending-market

According to the analysts and insight shared by industry experts, small- and medium-sized businesses are expected to open up many opportunities for the digitization in lending market.

Europe dominated the digitization in lending market. In 2016, Europe held the market share of over 39%. The strong presence of the banking sectors in countries such as the U.K. and France drives the growth of the market. Moreover, the market in China is expected to register the highest CAGR growth of 54.2% from the period 2017 to 2025. The growth of the market in China is due to its distinctive technology ecosystem and rise in the tech-savvy population. 

Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/digitization-in-lending-market

The major market players in the digitization in lending market are Rise Credit, FirstCash, Inc., Speedy Cash, LendUp, Elevate, NetCredit, Avant, Inc., Opportunity Financial, LLC., Prosper Marketplace, Inc., The Business Backer LLC., Headway Capital Partners LLP, Blue Vine, Lendio, RapidAdvance, Amigo Loans Ltd, Lendico, Trigg, Lending Stream, 118118Money, Simplic, Wonga Group, Check'n Go Inc., OnDeck, Kabbage, Inc., and Fundation Group LLC, among others. 

Request customized copy of report @ https://www.zionmarketresearch.com/custom/2725

The global digitization in lending market is segmented on the basis of the loan type, deployment, and the geographical regions.

Global Digitization in Lending Market: Loan Type Segment Analysis 

  • Personal Loans
  • Auto Loans
  • Business Loans

Global Digitization in Lending Market: Deployment Analysis

  • On Computer
  • On Smart Phone

Global Digitization in Lending Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Related Reports:

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Follow Us LinkedIn: https://www.linkedin.com/company/zion-market-research
Follow Us Twitter: https://twitter.com/zion_research

Blog: http://industryresearchnews.com | http://marketglobalnews.com | http://www.e-marketresearch.com

Contact Us:

Joel John

244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com