December 29, 2021International news
Digital Lending Platform Market Set to Grow with Massive CAGR by 2027
The digital lending platform market is anticipated to witness incredible gains by 2027 owing to the growing financial awareness, rising popularity of digital banking channels, escalating use of consulting services, and increasing digital literacy.
As per the report, the market is predicted to witness growth in CAGR during 2021-2026 and is poised to accumulate substantial gains by the end of analysis period.
Based on product, the digital lending platform market is classified into mortgage loan, SME finance loan, automotive loan and personal loan/consumer loan. SME finance loan segment is anticipated to showcase a CAGR of over 18.5% through the forecast period. Also, on the regional front, the Latin America region is projected to show around 20.2% CAGR through the analysis timeline.
