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Global Consumer Credit Market Research Report 2023-2028:
According to the latest report by IMARC Group, titled " Consumer Credit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20 23-2028
," the global consumer credit market size reached US$ 11.0 Billion in 2022.
Consumer credit or consumer debt is a short- or intermediate-term loan granted to an individual to purchase consumer goods or cover personal expenses. It is repaid along with the interest rate decided by the lender. It offers financial flexibility and assistance to borrowers during an emergency and improves the business of banks and other financial institutions. As it is beneficial for the overall economy, consumer credit services are gaining traction around the world.
Request for a PDF sample of this report: https://www.imarcgroup.com/consumer-credit-market/requestsample
At present, the significantly expanding banking, financial services, and insurance (BFSI) industry across the globe represents one of the primary factors stimulating the market growth. Apart from this, banks and other financial institutions are investing in micro, small and medium enterprises (MSMEs) to reduce credit gaps with local vendors, which is creating a favorable market outlook. The market is also driven by the rising adoption of credit data that provides information related to cash flows and analytics.
This data aids in managing real-time pricing, individual credit cases, capital management, and minimizing firm-wide risks through consistency, transparency and automation. Furthermore, leading players are utilizing social media platforms for launching their campaigns and expanding their consumer base.
Looking forward, IMARC Group expects the market to expand at a CAGR of 4.8% during the forecast period (2023-2028).
View Report TOC, Figures and Tables: https://www.imarcgroup.com/consumer-credit-market
Key Market Segmentation
The research report includes the following segments:
Breakup by Credit Type:
• Revolving Credits
• Non-revolving Credits
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 Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Competitive Landscape with Key Players:
• 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
1. What was the size of the global consumer credit market in 2022?
2. What is the expected growth rate of the global consumer credit market during 2023-2028?
3. What are the key factors driving the global consumer credit market?
4. What has been the impact of COVID-19 on the global consumer credit market?
5. What is the breakup of the global consumer credit market based on the credit type?
6. What is the breakup of the global consumer credit market based on the service type?
7. What is the breakup of the global consumer credit market based on the issuer?
8. What is the breakup of the global consumer credit market based on the payment method?
9. What are the key regions in the global consumer credit market?
10. Who are the key players/companies in the global consumer credit market?
Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/consumer-credit-market/toc
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