Digitization in Lending Market - Global Industry Analysis

Digitization in Lending Market by Loan Type (Personal Loans, Auto Loans, and Business Loans); by Deployment (On Computer and On Smart Phone): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016– 2025

Published Date: 28-Mar-2018 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-2725 Status : Published

Global digitization in lending market expected to reach USD 83,460 billion by 2025 and is growing at a CAGR of more than 53% between 2017 and 2025. The growing adoption of digitalization is the main factor that is driving the market. Through digitIzation, the lending system has changed completely.

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Description

Report Brief

The report covers the forecast and analysis for the digitization in lending market on a global and regional level.
The report includes the positive and the negative factors that are influencing the growth of the market.
Market opportunities are discussed in detail.
The key target audience for the market has been determined in the report.
The revenue generated by the prominent industry players has been analyzed in the report.
The market numbers have been calculated using top-down and the bottom-up approaches.
The digitization in lending market has been analyzed using Porter’s Five Forces Analysis.
The market is segmented on the basis of loan type and deployment which in turn is bifurcated on regional and country level.
All the segments have been evaluated based on the present and the future trends.
The report deals with the in-depth quantitative and qualitative analyses of the digitization in lending market.
The report includes the detailed company profiles of the prominent market players.

Market Summary

Digital lending is an advancement in the lending and borrowing process which is carried out on the online or digital platform without making use of paperwork.

The digital loan origination platforms make use of automated processes such as document and electronic data capture, e-signatures, and automated underwriting. Advanced analytical models help in automation of credit decisions at a rapid pace.

Value

The global digitization in lending market was valued at around USD 1,790 billion in the year 2016 and it is expected to reach approximately USD 83,460 billion by 2025. The global digitization in lending market is expected to grow at a CAGR of over 53% between 2017 and 2025.

Drivers and Restraints

The digitalization in banking industry is the key factor driving the growth of digitization in lending market. Across the various aspects of business, digitalization is the reason for sweeping and large-scale transformations. The digitalization in banking industry also provides unparalleled opportunities for value capture and creation. Business leaders across all the sectors are adopting with the strategic implications of these transformations for their organizations and industry ecosystems.

Digitization allows lenders to more effectively target their customers with appropriately timed offers. Digital lending automates complex processes and reduces manual interferences owing to which its demand is increasing. In the coming years, there will be an increasing adoption of digital lending.

The lack of interoperability and standards may negatively affect the growth of digitization in lending market

Global Digitization in Lending Market

Segmentation

The business loan segment accounted for a major market share of around USD 980 million in the digitization in lending market in 2017. The growing number of small- and mid-sized business globally and the ease in the process of lending are factors driving the business loan segment in the global digitization in lending market.

The personal loans segment is expected to grow at CAGR of 53.3% during the forecast period. The flexible process for personal loans through digitalized lending is expected to propel the growth of segment in the digitization in lending market over the forecast period.

On computer and on smartphone are the two types of deployment in digitization in lending market. “On smartphone” deployment segment is expected to register rapid CAGR growth of 53.8% from 2017 to 2025. Ease of accessibility and support for several advanced applications are factors that are driving the on-smartphone segment. Whereas, on computer deployment segment accounted for the highest share in the global digitization in lending market in the year 2016. The large use of computers in various industries for digital lending is the key factor contributing towards the growth of the segment.

Europe accounted for the largest share of around 39% in the digitization in lending market in 2017. In Europe, the U.K. and France contributed the largest share in the digitization in lending market in the region. Presence of major banking sectors in countries such as the U.K. and France have positively contributed to the growth of the market. In Europe, HSBC bank is one of the leading banks with total assets summing to under USD 2.5 trillion. Continuous growth in finance sector of the region is expected to open up immense growth opportunities for the market during the forecast period.

China is expected to register the highest CAGR growth of 54.2% between 2017 and 2025. The rising adoption of online methods for banking in China and a strong base of the banking industry in the country is expected to propel the growth of the market over the forecast period. Moreover, increasing number of small- and mid-sized business in the country is expected to significantly contribute to the growth of the market in the country.

In North America, the U.S. accounted for the largest share in the digitization in lending market. The presence of large banking lenders in the U.S. and the increasing adoption of the online platforms in the banking processes are expected to influence the growth of the market in the coming years.

Industry Players

The report includes detailed profiles of the prominent market players that are trending in the market. Key companies profiled in the report are FirstCash, Inc., Speedy Cash, LendUp, Elevate, NetCredit, Avant, Inc., Opportunity Financial, LLC., Prosper Marketplace, Inc., The Business Backer LLC., Headway Capital Partners LLP, Blue Vine, Lendio, RapidAdvance, Amigo Loans Ltd, Lendico, Trigg, Lending Stream, 118118Money, Simplic, Wonga Group, Check'n Go Inc., OnDeck, Kabbage, Inc., and Fundation Group LLC., among others.

The new product launch, technological advancement in digital lending, and increase in spending on research and development for better customer experience are the some of the major factors contributing towards the growth of market globally. Speedy Cash is an application that provides a loan to the customer. Speedy Cash is a payday lender that provides several ways for a payday loan with multiple choices of payment.

Moreover, the increasing mergers, acquisitions, and partnerships among the various market players of the lending industry are expected to propel the growth of the market over the forecast period. For instance, in September 2016, the FirstCash, Inc. had signed the strategic merger agreement with Cash America International, Inc.

Table Of Content

Chapter 1. Introduction
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
  - 1.3.1. Market research process
  - 1.3.2. Market research methodology
Chapter 2. Executive Summary
- 2.1. Global Digitization in Lending market, 2016 - 2025 (USD Billion)
- 2.2. Global Digitization in Lending market: Snapshot
Chapter 3. Digitization in Lending- Market Dynamics
- 3.1. Introduction
- 3.2. Market drivers
  - 3.2.1. Global Digitization in Lending market drivers: Impact analysis
  - 3.2.2. Rising Adoption of Digital Lending
  - 3.2.3. Digitalization in the Banking Industry
- 3.3. Market Restraints
  - 3.3.1. Global Digitization in Lending market restraints: Impact analysis
  - 3.3.2. Lack of Interoperability and Privacy Issues
- 3.4. Opportunities
  - 3.4.1. Digital channels improve the customer experience
- 3.5. Porter's five forces analysis
  - 3.5.1. Bargaining power of suppliers
  - 3.5.2. Bargaining power of buyers
  - 3.5.3. The threat of new entrants
  - 3.5.4. The threat of new substitutes
  - 3.5.5. Degree of competition
- 3.6. Market attractiveness analysis
  - 3.6.1. Market attractiveness analysis, by loan type segment
  - 3.6.2. Market attractiveness analysis, by deployment segment
    - 3.6.2.1. Market attractiveness analysis, by regional segment
Chapter 4. Global Digitization in Lending market - Competitive Landscape
- 4.1. Company Market Share Analysis
  - 4.1.1. Global Digitization in Lending market: company market share, 2016
- 4.2. Strategic Development
  - 4.2.1. Acquisitions & Mergers
  - 4.2.2. New tool Launch
  - 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
  - 4.2.4. Research and Development, product, service and Regional Expansion
- 4.3. Services Portfolio
- 4.4. The adoption rate of digitalization in lending industry
Chapter 5. Global Digitization in Lending market - Loan type Segment Analysis
- 5.1. Global Digitization in Lending market: Loan type overview
  - 5.1.1. Global Digitization in Lending market revenue share, by loan type, 2017 and 2025
- 5.2. Personal Loans
  - 5.2.1. Global Personal Loans Market, 2016 - 2025(USD Billion)
- 5.3. Auto Loans
  - 5.3.1. Global Auto Loans Market, 2016 - 2025(USD Billion)
- 5.4. Business Loans
  - 5.4.1. Global Business Loans Market, 2016 - 2025(USD Billion)
Chapter 6. Global Digitization in Lending market - Deployment Segment Analysis
- 6.1. Global Digitization in Lending market: Deployment overview
  - 6.1.1. Global Digitization in Lending market revenue share, by Deployment, 2017 and 2025
- 6.2. On Computer
  - 6.2.1. Global Digitization in Lending market for On Computer , 2016 - 2025 (USD Billion)
- 6.3. On Smart Phone
  - 6.3.1. Global Digitization in Lending market forAerospace On Smart Phone, 2016 - 2025(USD Billion)
Chapter 7. Global Digitization in Lending market - Regional Segment Analysis
- 7.1. Global Digitization in Lending market: Regional overview
  - 7.1.1. Global Digitization in Lending market revenue share, by region, 2017 and 2025
- 7.2. North America
  - 7.2.1. North America Digitization in Lending market revenue, by Loan type, 2016 - 2025 (USD Billion)
  - 7.2.2. North America Digitization in Lending market revenue, by Deployment, 2016 - 2025 (USD Billion)
  - 7.2.3. North America Digitization in Lending market revenue, by Country , 2016 - 2025 (USD Billion)
  - 7.2.4. U.S. Digitization in Lending market revenue, 2016 - 2025 (USD Billion)
    - 7.2.4.1. U.S. Digitization in Lending market revenue, by Loan type, 2016 - 2025 (USD Billion)
    - 7.2.4.2. U.S. Digitization in Lending market revenue, by Deployment, 2016 - 2025 (USD Billion)
  - 7.2.5. Rest of North AmericaDigitization in Lending market revenue, 2016 - 2025 (USD Billion)
    - 7.2.5.1. U.S. Digitization in Lending market revenue, by Loan type, 2016 - 2025 (USD Billion)
    - 7.2.5.2. U.S. Digitization in Lending market revenue, by Deployment, 2016 - 2025 (USD Billion)
- 7.3. Europe
  - 7.3.1. Europe Digitization in Lending market revenue, by Loan type, 2016 - 2025(USD Billion)
  - 7.3.2. Europe Digitization in Lending market revenue, by Deployment, 2016 - 2025(USD Billion)
  - 7.3.3. Europe Digitization in Lending market revenue, by Country, 2016 - 2025(USD Billion)
  - 7.3.4. GermanyDigitization in Lending market revenue, 2016 - 2025(USD Billion)
    - 7.3.4.1. GermanyDigitization in Lending market revenue, by Loan type, 2016 - 2025 (USD Billion)
    - 7.3.4.2. GermanyDigitization in Lending market revenue, by Deployment, 2016 - 2025 (USD Billion)
  - 7.3.5. UKDigitization in Lending market revenue, 2016 - 2025(USD Billion)
    - 7.3.5.1. UKDigitization in Lending market revenue, by Loan type, 2016 - 2025 (USD Billion)
    - 7.3.5.2. UKDigitization in Lending market revenue, by Deployment, 2016 - 2025 (USD Billion)
  - 7.3.6. FranceDigitization in Lending market revenue, 2016 - 2025(USD Billion)
    - 7.3.6.1. FranceDigitization in Lending market revenue, by Loan type, 2016 - 2025 (USD Billion)
    - 7.3.6.2. FranceDigitization in Lending market revenue, by Deployment, 2016 - 2025 (USD Billion)
  - 7.3.7. Italy Digitization in Lending market revenue, 2016 - 2025(USD Billion)
    - 7.3.7.1. Italy Digitization in Lending market revenue, by Loan type, 2016 - 2025 (USD Billion)
    - 7.3.7.2. Italy Digitization in Lending market revenue, by Deployment, 2016 - 2025 (USD Billion)
  - 7.3.8. SpainDigitization in Lending market revenue, 2016 - 2025(USD Billion)
    - 7.3.8.1. SpainDigitization in Lending market revenue, by Loan type, 2016 - 2025 (USD Billion)
    - 7.3.8.2. SpainDigitization in Lending market revenue, by Deployment, 2016 - 2025 (USD Billion)
  - 7.3.9. Rest of EuropeDigitization in Lending market revenue, 2016 - 2025(USD Billion)
    - 7.3.9.1. Rest of EuropeDigitization in Lending market revenue, by Loan type, 2016 - 2025 (USD Billion)
    - 7.3.9.2. Rest of EuropeDigitization in Lending market revenue, by Deployment, 2016 - 2025 (USD Billion)
- 7.4. China
  - 7.4.1. ChinaDigitization in Lending market revenue, by Loan type, 2016 - 2025, (USD Billion)
  - 7.4.2. ChinaDigitization in Lending market revenue, by Deployment, 2016 - 2025(USD Billion)
- 7.5. Latin America
  - 7.5.1. Latin America Digitization in Lending market revenue, by Loan type, 2016 - 2025(USD Billion)
  - 7.5.2. Latin America Digitization in Lending market revenue, by Deployment, 2016 - 2025(USD Billion)
  - 7.5.3. Latin America Digitization in Lending market revenue, by Country, 2016 - 2025(USD Billion)
  - 7.5.4. Brazil Digitization in Lending market revenue, 2016 - 2025(USD Billion)
    - 7.5.4.1. Brazil Digitization in Lending market revenue, by Loan type, 2016 - 2025 (USD Billion)
    - 7.5.4.2. Brazil Digitization in Lending market revenue, by Deployment, 2016 - 2025 (USD Billion)
  - 7.5.5. Rest of Latin AmericaDigitization in Lending market revenue, 2016 - 2025(USD Billion)
    - 7.5.5.1. Rest of Latin AmericaDigitization in Lending market revenue, by Loan type, 2016 - 2025 (USD Billion)
    - 7.5.5.2. Rest of Latin AmericaDigitization in Lending market revenue, by Deployment, 2016 - 2025 (USD Billion)
Chapter 8. Company Profile
- 8.1. Rise Credit
  - 8.1.1. Overview
  - 8.1.2. Financials
  - 8.1.3. Product portfolio
  - 8.1.4. Business strategy
  - 8.1.5. Recent developments
- 8.2. FirstCash, Inc.
  - 8.2.1. Overview
  - 8.2.2. Financials
  - 8.2.3. Productportfolio
  - 8.2.4. Business strategy
  - 8.2.5. Recent developments
- 8.3. Speedy Cash
  - 8.3.1. Overview
  - 8.3.2. Financials
  - 8.3.3. Productportfolio
  - 8.3.4. Business strategy
  - 8.3.5. Recent developments
- 8.4. LendUp
  - 8.4.1. Overview
  - 8.4.2. Financials
  - 8.4.3. Productportfolio
  - 8.4.4. Business strategy
  - 8.4.5. Recent developments
- 8.5. Elevate
  - 8.5.1. Overview
  - 8.5.2. Financials
  - 8.5.3. Productportfolio
  - 8.5.4. Business strategy
  - 8.5.5. Recent developments
- 8.6. NetCredit
  - 8.6.1. Overview
  - 8.6.2. Financials
  - 8.6.3. Productportfolio
  - 8.6.4. Business strategy
  - 8.6.5. Recent developments
- 8.7. Avant, Inc.
  - 8.7.1. Overview
  - 8.7.2. Financials
  - 8.7.3. Productportfolio
  - 8.7.4. Business strategy
  - 8.7.5. Recent developments
- 8.8. Opportunity Financial, LLC.
  - 8.8.1. Overview
  - 8.8.2. Financials
  - 8.8.3. Product portfolio
  - 8.8.4. Business strategy
  - 8.8.5. Recent developments
- 8.9. Prosper Marketplace, Inc.
  - 8.9.1. Overview
  - 8.9.2. Financials
  - 8.9.3. Product portfolio
  - 8.9.4. Business strategy
  - 8.9.5. Recent developments
- 8.10. The Business Backer LLC.
  - 8.10.1. Overview
  - 8.10.2. Financials
  - 8.10.3. Product portfolio
  - 8.10.4. Business strategy
  - 8.10.5. Recent developments
- 8.11. Headway Capital Partners LLP
  - 8.11.1. Overview
  - 8.11.2. Financials
  - 8.11.3. Product portfolio
  - 8.11.4. Business strategy
  - 8.11.5. Recent developments
- 8.12. Blue Vine
  - 8.12.1. Overview
  - 8.12.2. Financials
  - 8.12.3. Product portfolio
  - 8.12.4. Business strategy
  - 8.12.5. Recent developments
- 8.13. Lendio
  - 8.13.1. Overview
  - 8.13.2. Financials
  - 8.13.3. Product portfolio
  - 8.13.4. Business strategy
  - 8.13.5. Recent developments
- 8.14. RapidAdvance
  - 8.14.1. Overview
  - 8.14.2. Financials
  - 8.14.3. Product portfolio
  - 8.14.4. Business strategy
  - 8.14.5. Recent developments
- 8.15. Amigo Loans Ltd
  - 8.15.1. Overview
  - 8.15.2. Financials
  - 8.15.3. Product portfolio
  - 8.15.4. Business strategy
  - 8.15.5. Recent developments
- 8.16. Lendico, Trigg
  - 8.16.1. Overview
  - 8.16.2. Financials
  - 8.16.3. Product portfolio
  - 8.16.4. Business strategy
  - 8.16.5. Recent developments
- 8.17. Lending Stream
  - 8.17.1. Overview
  - 8.17.2. Financials
  - 8.17.3. Product portfolio
  - 8.17.4. Business strategy
  - 8.17.5. Recent developments
- 8.18. 118118Money
  - 8.18.1. Overview
  - 8.18.2. Financials
  - 8.18.3. Product portfolio
  - 8.18.4. Business strategy
  - 8.18.5. Recent developments
- 8.19. Simplic
  - 8.19.1. Overview
  - 8.19.2. Financials
  - 8.19.3. Product portfolio
  - 8.19.4. Business strategy
  - 8.19.5. Recent developments
- 8.20. Wonga Group
  - 8.20.1. Overview
  - 8.20.2. Financials
  - 8.20.3. Product portfolio
  - 8.20.4. Business strategy
  - 8.20.5. Recent developments
- 8.21. Check'n Go Inc.
  - 8.21.1. Overview
  - 8.21.2. Financials
  - 8.21.3. Product portfolio
  - 8.21.4. Business strategy
  - 8.21.5. Recent developments
- 8.22. OnDeck
  - 8.22.1. Overview
  - 8.22.2. Financials
  - 8.22.3. Product portfolio
  - 8.22.4. Business strategy
  - 8.22.5. Recent developments
- 8.23. Kabbage, Inc.
  - 8.23.1. Overview
  - 8.23.2. Financials
  - 8.23.3. Product portfolio
  - 8.23.4. Business strategy
  - 8.23.5. Recent developments
- 8.24. Fundation Group LLC
  - 8.24.1. Overview
  - 8.24.2. Financials
  - 8.24.3. Product portfolio
  - 8.24.4. Business strategy
  - 8.24.5. Recent developments

Table Of Figures

List of Figures

1. Market research process
2. Market research methodology
3. Global Digitization in Lending market revenue, 2016 - 2022 (USD Billion)
4. Porter’s five forces analysis
5. Digitization in Lending market attractiveness analysis, by Loan type segment
6. Digitization in Lending: Market attractiveness analysis, by Deployment segment
7. Digitization in Lending: Market attractiveness analysis, by regional segment
8. Company market share analysis, 2016
9. Global Digitization in Lending market revenue share by Loan type, 2017 and 2025
10. Global Personal Loans market, 2016 – 2025 (USD Billion)
11. Global Auto Loans market, 2016 – 2025 (USD Billion)
12. Global Business Loans market, 2016 – 2025 (USD Billion)
13. Global Digitization in Lending market revenue share by Deployment, 2016 and 2025
14. Global Digitization in Lending market for On Computer, 2016 – 2025, (USD Billion)
15. Global Digitization in Lending market for On Smart Phone, 2016 – 2025, (USD Billion)
16. Global Digitization in Lending market revenue share by Region, 2016 and 2025
17. North America Digitization in Lending Market, By Country, 2017 and 2025
18. Europe Digitization in Lending Market, By Country, 2017 and 2025
19. Latin America Digitization in Lending Market, By Country, 2017 and 2025

Table Of Tables

List of Tables

1. Digitization in Lending market: Market Snapshot
2. Drivers of global Digitization in Lending market: Impact analysis
3. Restraints of global Digitization in Lending market: Impact analysis
4. GlobalDigitization in Lending market revenue, by Loan Type, 2016 – 2025 (USD Billion)
5. GlobalDigitization in Lending market revenue, by Deployment, 2016 – 2025 (USD Billion)
6. GlobalDigitization in Lending market revenue, by Region, 2016 – 2025 (USD Billion)
7. North America Digitization in Lending market revenue, by Country, 2016 – 2025 (USD Billion)
8. North America Digitization in Lending market revenue, by Loan type, 2016 – 2025 (USD Billion)
9. North America Digitization in Lending market revenue, by Deployment, 2016 – 2025 (USD Billion)
10. U.S. Digitization in Lending Market (USD Bn), By Loan Type, 2016-2025
11. U.S. Digitization in Lending Market (USD Bn), By Deployment , 2016-2025
12. Rest of North America Digitization in Lending Market (USD Bn), By Loan Type, 2016-2025
13. Rest of North America Digitization in Lending Market (USD Bn), By Deployment , 2016-2025
14. EuropeDigitization in Lending market revenue, by Country, 2016 – 2025 (USD Billion)
15. Europe Digitization in Lending market revenue, by Loan type, 2016 – 2025 (USD Billion)
16. Europe Digitization in Lending market revenue, by Deployment, 2016 – 2025 (USD Billion)
17. Germany Digitization in Lending Market (USD Bn), By Loan Type, 2016-2025
18. Germany Digitization in Lending Market (USD Bn), By Deployment , 2016-2025
19. U.K. Digitization in Lending Market (USD Bn), By Loan Type, 2016-2025
20. U.K. Digitization in Lending Market (USD Bn), By Deployment , 2016-2025
21. Spain Digitization in Lending Market (USD Bn), By Loan Type, 2016-2025
22. Spain Digitization in Lending Market (USD Bn), By Deployment , 2016-2025
23. Italy Digitization in Lending Market (USD Bn), By Loan Type, 2016-2025
24. Italy Digitization in Lending Market (USD Bn), By Deployment , 2016-2025
25. France Digitization in Lending Market (USD Bn), By Loan Type, 2016-2025
26. France Digitization in Lending Market (USD Bn), By Deployment , 2016-2025
27. Rest of Europe Digitization in Lending Market (USD Bn), By Loan Type, 2016-2025
28. Rest of Europe Digitization in Lending Market (USD Bn), By Deployment , 2016-2025
29. ChinaDigitization in Lending market revenue, by Loan type, 2016 – 2025 (USD Billion)
30. ChinaDigitization in Lending market revenue, by Deployment, 2016 – 2025 (USD Billion)
31. Latin America Digitization in Lending market revenue, by Country, 2016 – 2025 (USD Billion)
32. Latin America Digitization in Lending market revenue, by Loan type, 2016 – 2025 (USD Billion)
33. Latin America Digitization in Lending market revenue, by Deployment, 2016 – 2025 (USD Billion)
34. Brazil Digitization in Lending Market (USD Bn), By Loan Type, 2016-2025
35. Brazil Digitization in Lending Market (USD Bn), By Deployment , 2016-2025
36. Rest of Latin America Digitization in Lending Market (USD Bn), By Loan Type, 2016-2025
37. Rest of Latin America Digitization in Lending Market (USD Bn), By Deployment, 2016-2025

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Digitization in Lending market. Zion Market Research has collected and analyzed key data belong to the global Digitization in Lending market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Digitization in Lending across the world has been calculated through primary and secondary research.

Zion Market Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.

For this study, Zion Market Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Digitization of Lending industry. Primary research makes up the major source of data collection and validation.

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
Helps in validating and strengthening the secondary research findings
Further, develops the analysis team’s expertise and market understanding
Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
Purchasing managers, technical personnel, distributors and resellers
Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
IDC and other relevant magazines
Internal and external proprietary databases, and relevant patent and regulatory databases
National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Digitization in Lending market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

Demographic data: Population split into segments
Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
Data is then cross-checked by an expert panel.