PUBLISHER: TechNavio | PRODUCT CODE: 1395505
PUBLISHER: TechNavio | PRODUCT CODE: 1395505
Unsecured Business Loans Market 2024-2028
The unsecured business loans market is forecasted to grow by USD 3496.23 bn during 2023-2028, accelerating at a CAGR of 10.92% during the forecast period. The report on the unsecured business loans market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 10.2% |
CAGR | 10.92% |
Incremental Value | $3496.23bn |
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing number of SMEs, use of advanced technologies in loan processing, and increasing awareness and acceptance of unsecured business loans.
Technavio's unsecured business loans market is segmented as below:
By End-user
By Type
By Geographical Landscape
This study identifies the strategic partnerships between market participants as one of the prime reasons driving the unsecured business loans market growth during the next few years. Also, increasing focus on blockchain technology and use of analytics in financial industry will lead to sizable demand in the market.
The report on the unsecured business loans market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading unsecured business loans market vendors that include American Express Co., Axis Bank Ltd., Bajaj Finserv Ltd., Bank of America Corp., Bank of Ireland, Business and Enterprise Finance Ltd., Clix Capital Services Pvt. Ltd., Deutsche Bank AG, Enova International Inc., Funding Circle Holdings plc, HDFC Bank Ltd., Hero FinCorp Ltd., IDFC FIRST Bank Ltd., National Funding Inc., Poonawalla Fincorp Ltd., Rapid Finance, Standard Chartered PLC, Starling Bank, Wells Fargo and Co., and Bank of China Ltd.. Also, the unsecured business loans market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Exhibits: