Authored By: Sarah
24 Aug 2024

Credit Intermediation Market Size to grow by USD 649.87 billion between 2024-2028

The Credit Intermediation Market is segmented by Application (Individual and Enterprise), Type (Tied credit intermediation, Ancillary credit intermediation, and Non-tied credit intermediation), and Geography (North America, APAC, Europe, Middle East and Africa, and South America). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 649.87 billion, at a CAGR of 2.36% during the forecast period. There are several companies that are contributing to the market as per this report. Development of active secondary credit sector ensuring smooth credit intermediation .

By Application, the Individual segment is projected to dominate the market size in 2024

The individual segment of the credit intermediation market is projected to hold a significant market share in 2023 and is anticipated to remain dominant throughout the forecast period. Factors such as the rising adoption of credit intermediaries for customized credit agreements and an increasing emphasis on acting as credit counselors are driving the growth of this segment. The US Bureau of Labor Statistics forecasts a 9% employment growth rate for credit counselors between 2021 and 2031, reflecting the growing demand for debt management services in a challenging economic climate characterized by rising interest rates and inflation.

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Why is North America forecasted to hold the largest regional market size in 2024?

The credit intermediation market in North America is experiencing significant growth, driven primarily by the presence of leading vendors in the region. This has positioned North America as a major hub for credit intermediation. Furthermore, the increasing popularity of credit lending among Small and Medium Enterprises (SMEs) in North America is adding impetus to market expansion. According to the US Chamber of Commerce, there were over 30 million SMEs in the US alone in 2023. These businesses often seek credit financing to fuel their growth. Consequently, the burgeoning number of SMEs in North America is fueling the growth of the credit intermediation market in the region.

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Research Analysis Overview

The Credit Intermediation Market plays a crucial role in facilitating cash flow between global economies by connecting lenders and borrowers. During economic recessions, credit availability becomes a significant concern, and the market's ability to ensure monthly installment payments is essential. Credit intermediaries, including institutions like credit unions and commercial banks, act as middlemen, providing discounts on loans and processing credit agreements. However, the lending process involves risks, such as mishandling of agreements, fraud enterprises, and market risk. To safeguard investors and ensure money security regulations, credit intermediaries must prioritize transparency and accountability. Equity owners, consumers, and individual legal entities rely on these institutions for credit, and any fraudulent activity can lead to a cash liquidity crisis. Operating costs, advisory services, and personalized agreements are essential components of the credit intermediation process. Entities must balance their financial status, workforce, and infrastructure while maintaining regulatory compliance. The credit intermediary's role is to facilitate the lending process, ensuring that refunds are made promptly and that all parties involved are satisfied. Ultimately, the credit intermediation market plays a vital role in the global economy, providing essential services to consumers and businesses while managing risk and maintaining the integrity of the financial system.

Market Research Overview

According to Technavio's market research, the global credit intermediation market is a segment of the broader specialized consumer services market. This market encompasses the revenue generated by various consumer service providers, including residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services. Technavio's analysis calculates the size of the global specialized consumer services market based on the revenues generated by specialized service providers, excluding those in the casino and gaming, hotel, resorts, and cruise lines; leisure facilities; restaurants; and education services sectors. - The Credit Intermediation Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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