Consumer Credit Market Trends 2021 | Industry Growth, Share, Size, Demand and Future Scope 2026


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

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Consumer credit stands for the personal loan granted to individuals for short- and intermediate-term to finance personal expenses. A finance fee is charged against a credit or an extension of existing credit presented in the form of a cash loan or sales credit. They can be non-revolving loans that are to be repaid in a fixed number of payments or revolving loans that include automobile, consumer goods, home repair, and personal loans.

Get Sample Report with Detail COVID-19 Impact Analysis -https://www.imarcgroup.com/consumer-credit-market/requestsample

Market Trends

Substantial growth in the banking, financial services, and insurance (BFSI) industry, along with the rapid economic development of micro-enterprises, are spurring the demand for consumer credit. Rising investments in micro, small, and medium enterprises (MSMEs) by banks and other financial institutions are further propelling the market growth. Moreover, the widespread adoption of credit data by consumer banking professionals to obtain cash flows and analytics related information at the portfolio level also contributes to the market growth. It helps in managing personal credit cases, real-time pricing, and capital management of multi-asset portfolios. The rising demand for consumer credit to mitigate firm-wide risks through consistency, automation, and transparency is also driving the market growth. Several social media platforms are launched by consumer credit agencies for introducing media campaigns and innovative products, thereby expanding their consumer base.

Buy Full Report with Detail Analysis with COVID-19 Impact –https://www.imarcgroup.com/consumer-credit-market

List of Key Companies Covered in this Market Report:

  • 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

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

Breakup by Credit Type:

  • Revolving Credits
  • Non-revolving Credits

Breakup by Consumer Type:

  • Individual
  • MSMEs
  • Large Enterprises

Breakup by Service Type:

  • Credit Services
  • Software and IT Support Services

Breakup by Issuer:

  • Banks and Finance Companies
  • Credit Unions
  • Others

Breakup by Payment Method:

  • Direct Deposit
  • Debit Card
  • Others

Breakup by Geography:

  • North America (U.S. & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Key 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
  • Comprehensive 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 a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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

Contact US

IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Follow us on Twitter: https://twitter.com/ImarcServices

Comments

Post a Comment

Popular posts from this blog

Workforce Management Market is expected the to grow at a CAGR of around 14% during 2021-2026

Image
 According to IMARC Group’s latest report, The   global workforce management market   exhibited strong growth during 2015-2020. Looking forward, the market is expected the to grow at a CAGR of around 14% during the forecast period (2021-2026). We are regularly tracking the direct effect of  COVID-19  on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. Workforce management (WFM) includes processes that enable an organization to track performance and optimize the productivity of their employees. It effectively forecasts labor requirements and manages staff schedules for accomplishing different tasks regularly. It also helps in improving labor planning, lowering operational costs and providing better customer services. As a result, workforce management software is utilized in the healthcare, and banking, financial services and insurance (BFSI) sectors, which are involved in high time-sensitive tasks. Get Sa
Read more

Micro and Nano PLC Market Size 2021-2026: Share, Trends, Growth, Outlook, Key Players and Research Report - IMARC Group

Image
 According to IMARC Group’s latest report, titled “Micro and Nano PLC Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the market grew at a CAGR of around 6% during 2015-2020. Looking forward, the market is expected to exhibit moderate growth during 2021-2026. We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. Micro and nano programmable logic controllers (PLC) refer to small-sized electronic devices designed to control and monitor basic industrial machines. They generally include power supply units, input/output modules and programming devices, along with simulation, motion control and redundancy software. They also help in monitoring assemble lines, input devices, robotic devices and other equipment that require serial communications. These PLCs eliminate the need for hardwiring and rewiring traditionally used r
Read more

Mobile and Wireless Backhaul Market 2021 Report, Trends, Demand, Regional Analysis and Forecast 2026

 According to IMARC Group’s latest report, titled “ Mobile and Wireless Backhaul Market Report : Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global mobile and wireless backhaul market exhibited strong growth during 2015-2020. Looking forward,  the market expected to grow at a CAGR of around 12% during 2021-2026. We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. Mobile backhaul refers to the connection of cell site air interfaces with data centers via wireline and wireless networks. It aids in improving network timing, enhancing network strength, increasing user speed, and synchronizing operations, administration, maintenance, and provisioning (OAMP). The wireless backhauls utilize microwave and satellite communication infrastructure to transmit the internet and data from nodes to the central network. They are highly
Read more