Size, Share, Trends, Analysis & Outlook – UK Parents Lounge

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According to the latest IMARC Group report, the global consumer credit market has shown moderate growth during the period 2015-2020. Looking ahead, the market is expected to grow at a CAGR of around 5% during 2021-2026.

We regularly monitor the direct effect of COVID-19[female[feminine on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

Consumer credit refers to the personal loan granted to individuals in the short and medium term to finance personal expenses. A financing commission is charged on an existing credit or an extension of credit presented in the form of a cash loan or a sales credit. These can be non-revolving loans that must be repaid in a fixed number of payments or revolving loans that include automobiles, consumer goods, home repairs and personal loans.

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Market trends

The substantial growth of the banking, financial services and insurance (BFSI) sector, as well as the rapid economic development of microenterprises, is stimulating the demand for consumer credit. The increasing investments in micro, small and medium enterprises (MSMEs) by banks and other financial institutions further stimulate the growth of the market. In addition, the widespread adoption of credit data by professionals in consumer banking to obtain cash flow and analytical insights at the portfolio level is also contributing to the growth of the market. It helps manage personal credit reports, real-time pricing and capital management of multi-asset portfolios. The growing demand for consumer credit to mitigate enterprise-wide risk through consistency, automation and transparency is also driving the growth of the market. Several social media platforms are launched by consumer credit agencies to introduce media campaigns and innovative products, thereby expanding their consumer base.

Ask the analyst and go through the full report with the table of contents and list of figures: https://www.imarcgroup.com/consumer-credit-market

The report segmented the market on the basis of credit type, consumer type, service type, issuer, payment method, and geography.

Breakdown by type of credit:

  • Renewable credits
  • Non-renewable credits

Breakdown by type of consumer:

  • Individual
  • MSME
  • Large companies

Breakdown by type of service:

  • Credit services
  • Software and IT support services

Breakdown by issuer:

  • Banks and financial companies
  • Credit unions
  • Others

Breakdown by payment method:

  • Direct deposit
  • Debit card
  • Others

Distribution by geography:

  • North America (United States and Canada)
  • Europe (Germany, UK, France, Italy, Spain, Russia and others)
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Australia and others)
  • Latin America (Brazil, Mexico)
  • Middle East and Africa

Highlights of the report:

  • Market performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market drivers and success factors
  • SWOT analysis
  • Value chain
  • Complete mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.

Competitive landscape:

The report also analyzed the competitive landscape of the market with some of the major players being Bank of America, Barclays, BNP Paribas, China Construction Bank, Citigroup, Deutsche Bank, HSBC, Industrial and Commercial Bank of China (ICBC), JPMorgan Chase. , Mitsubishi UFJ Financial, Wells Fargo, etc.

About Us

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IMARC’s information products include key business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and new processing methods are at the top of the market. business expertise.

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