The Credit Intermediation Market is being driven by Growing focus on effective financialization
The Credit Intermediation Market is expected to grow at a CAGR of 2.36% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 649.87 billion. In the business world, ensuring uninterrupted credit flow and its efficient intermediation have emerged as critical challenges. To tackle these issues, the Reserve Bank of India established the Secondary Loan Market Association (SLMA) in 2020. This platform is designed to bring together financial institutions and non-banking financial companies (NBFCs) to facilitate seamless credit flow and intermediation. The SLMA employs a market-based auction mechanism, where credit is transferred at a fair price among members based on their quotas, as opposed to traditional bilateral arrangements. By fostering a deep and active secondary credit market, the SLMA promotes transparency and fairness in credit and credit risk among participants.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
152 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.36% |
Market growth 2024-2028 |
USD 649.87 billion |
Market structure |
concentration |
YoY growth 2023-2024(%) |
2.22 |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The financial services industry is undergoing a significant transformation through innovation, driven by digital banking and financial technology trends. This transformation is leading to the expansion of financial inclusion policies and programs, such as microfinance and inclusive finance. Data-driven lending methods, including credit scoring and BNPL financing, are making financial access more widespread. Fintech adoption, including digital financial services, mobile payments, and peer-to-peer lending, is revolutionizing consumer finance. However, risk management, financial literacy, and cybersecurity in finance remain crucial. Regulation plays a key role in ensuring financial stability, consumer protection, economic growth, and the prevention of financial crime. Alternative lending and responsible finance are also important strategies for financial inclusion and empowerment. Overall, these trends are having a positive impact on financial inclusion and access, but it is essential to balance innovation with regulation to ensure a sustainable and inclusive financial system.
The credit intermediation market is a significant segment of the global specialized consumer services industry, focusing on facilitating loans between borrowers and lenders. This market encompasses various financial services, including personal loans, and contributes to customer experience, financial inclusion, and economic growth. Technavio, a leading market research firm, classifies this market within the global specialized consumer services sector. Key components of this market include bank intermediation, fintech innovations such as peer-to-peer lending, and technological advancements. These elements cater to the increasing consumption needs driven by urbanization and the evolving financial system. The market size is determined by the revenue generated through various credit intermediation providers. Key sectors include personal loans, home loans, and business loans.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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