The commercial lending global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Commercial Lending Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The
commercial lending market size has grown rapidly in recent years. It
will grow from $14152.54 billion in 2023 to $16442.29 billion in 2024 at
a compound annual growth rate (CAGR) of 16.2%. The growth in the
historic period can be attributed to economic expansion periods, low
interest rates, deregulation of financial sectors, increased consumer
spending, and favorable credit conditions.
The commercial lending market size is expected to see rapid growth in the next few years. It will grow to $30090.48 billion in 2028 at a compound annual growth rate (CAGR) of 16.3%. The growth in the forecast period can be attributed to changes in interest rates, economic recovery trends, government fiscal policies, business investment plans, and inflationary pressures. Major trends in the forecast period include increased fintech adoption, growing digital transformation, enhanced regulatory scrutiny, expanding credit access, and shifting market dynamics.
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Scope Of Commercial Lending Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Commercial Lending Market Overview
Market Drivers -
The
growth of small and medium-sized enterprises is expected to propel the
growth of the commercial lending market going forward. Small and
medium-sized enterprises (SMEs) are businesses with a limited number of
employees and revenue, varying by country and industry. Small and
medium-sized enterprises (SMEs) are increasing due to their adaptability
to market changes, lower operational costs, innovation capabilities,
government support programs, and the growing accessibility of digital
tools and technologies that empower entrepreneurship and business
scalability. Commercial lending significantly supports the growth of
small and medium-sized enterprises by supplying essential capital for
expansion, operational requirements, and new investments. For instance,
in October 2022, according to the Department for Business, Energy, and
Industrial Strategy (BEIS), a UK-based government ministerial
department, small and medium-sized enterprises (SMEs) accounted for 61%
of total employment in 2022, with their total employment rising from
16.3 million at the start of 2021 to 16.4 million at the start of 2022,
reflecting a 0.6% increase. Additionally, in May 2024, according to the
business statistics published by the House of Commons Library, a
UK-based Parliament research and information service, the UK had 5.5
million small or medium-sized businesses (SMEs) in 2023, comprising over
99% of the total business population. Therefore, the growth of small
and medium-sized enterprises is driving the growth of the commercial
lending market.
Market Trends -
Major companies operating in
the commercial lending market are focusing on developing innovative
solutions, such as next-generation corporate lending artificial
intelligence solutions, to enhance decision-making efficiency and risk
management. Next-generation corporate lending artificial intelligence
solutions refer to advanced technologies that use AI to automate and
optimize lending processes, enhance credit risk assessment, and improve
decision-making. For instance, in January 2023, Temenos AG (Temenos), a
Switzerland-based company that provides banking software systems,
launched a next-generation AI-driven corporate lending solution aimed at
helping banks streamline their commercial loan portfolios and improve
servicing capabilities. This innovative platform is designed to address
the complexities of loan processing and lifecycle management across
various lending lines and geographies, catering to both large-tier and
regional banks that often face challenges due to disparate systems and a
lack of integration.
The commercial lending market covered in this report is segmented –
1) By Type: Unsecured Lending, Secured Lending
2) By Provider: Banks, Non-Banking Financial Companies (NBFCs)
3) By Enterprise Size: Large Enterprises, Small And Medium Sized Enterprises
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Regional Insights -
Asia-Pacific
was the largest region in the commercial lending market in 2023 and it
is expected to be the fastest-growing region in the forecast period. The
regions covered in the commercial lending market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East, Africa.
Key Companies -
Major companies
operating in the commercial lending market are JPMorgan Chase & Co.,
Bank of America Corporation, Santander Group, Wells Fargo & Co,
HSBC Holdings plc, Citigroup Inc., Morgan Stanley, BNP Paribas, TD Bank
Group, Goldman Sachs Group Inc., ING Group, Mitsubishi UFJ Financial
Group, UBS Group AG, Capital One Financial Corporation, Barclays Bank
PLC, Societe Generale SA, Sumitomo Mitsui Financial Group, Deutsche Bank
AG, UniCredit Group, Truist Financial Corp, U.S. Bancorp, Standard
Chartered PLC, PNC Financial Services Group Inc., Mizuho Financial Group
Inc., Credit Suisse Group AG, Royal Bank of Scotland Group plc
Table of Contents
1. Executive Summary
2. Commercial Lending Market Report Structure
3. Commercial Lending Market Trends And Strategies
4. Commercial Lending Market – Macro Economic Scenario
5. Commercial Lending Market Size And Growth
…..
27. Commercial Lending Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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