Corporate Lending Market Analysis and Growth Outlook Industry Forecast, 2022-2031
Technological advancements along with the automation processes in industry has made it convenient for businesses to approve the loans boosting the market growth
PORTLAND, OR, UNITES STATES, May 18, 2023 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “Corporate Lending Market," The corporate lending market was valued at $17.6 trillion in 2021, and is estimated to reach $47230.6 billion by 2031, growing at a CAGR of 10.7% from 2022 to 2031.
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Lower interest offered on loans to businesses and enterprises propels the growth of the corporate lending market. In addition, the faster processing and sanctioning of loans makes corporate loans a very convenient option for businesses to choose corporate lending solutions which benefits corporate lending market growth. Moreover, corporate lending allows small firms and green lending company to access substantial sums of money by aggregating all their funding into one loan. This acts as a major growth factor for corporate lending market trends.
Furthermore, the global corporate lending market is in its developing phase and exhibits high growth potential due to development and advancement in technology. In addition, the financial institutions and euro lending company are campaigning to help the banks in rural areas to facilitate better services. For instance, corporate banks are aiding in the establishment of different initiatives in rural regions for economic development, such as NABARD's 'SHG Bank Linkage Programme,' which encourages Indian banks to lend money to rural banking Self Help Groups (SHGs). Moreover, for lending procedures, robotic process automation (RPA) has emerged as the best technology. It is used to process loan applications, documentation, comparisons, and verifications swiftly, as well as deal with exceptions. Additionally, improved customer experience is a result of faster processing (CX).
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By loan type, the term loan segment acquired the major corporate lending market size in 2021. This is attributed to the fact that term loans generally carry no penalties if they are paid off ahead of schedule. In addition, term loans are offered at lower interest rates which attracts the corporates to choose it. The interest rates are fixed, and do not vary during the loan's lifetime.
Region-wise, Asia-Pacific dominated the corporate lending market share in 2021. This is attributed to the fact that the rise of the technology has changed consumer expectations & behavior, consumer prefer digital solutions for their financial requirements and hence, banks and financial institutions are adopting technology to serve the rising consumer demands for corporate loans.
The demand for corporate lending has increased considerably during the COVID-19 pandemic. This is attributed to increase in corporate loans taken out by business owners owing to losses incurred due to lockdown. Moreover, businesses have substantially reduced their use of corporate loans owing the economic downturn, and their desire to acquire items or services for which these amounts were used has decreased, lowering demand for corporate lending. Thus, the pandemic had a moderate impact on corporate lending industry.
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KEY FINDINGS OF THE STUDY
By enterprise size, the large enterprises segment accounted for the highest corporate lending market share in terms of revenue in 2021.
By loan type, the loan against securities segment is expected to exhibit the fastest growth rate during the forecast period in corporate lending market trends.
Region-wise, Asia-Pacific generated the highest revenue in 2021 in corporate lending market size.
The key players operating in the corporate lending market analysis include Ashurst, Bank of America Corporation, Citigroup, Inc., Clifford Chance, CREDIT SUISSE GROUP AG, Goldman Sachs, JPMorgan Chase & Co., JULIUS BAER, Morgan Stanley, and UBS. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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