AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Consumer Credit market - Global outlook to 2024". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Consumer Credit market to grow at a CAGR of 4.98%.
According to AMA research team, the Global Consumer Credit market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Increasing Consumer Inclination towards Purchasing Goods and Services Immediately and Repay the Costs Over Time and The Growing Demand of Consumer Credit in Developing Economies. †
Consumer credit also known as consumer debt which is a short and intermediate term loans used by individuals to buy goods and services or to refinance debts incurred for such purposes. In industrialized countries includes India, China and Brazil, the consumer credit market is growing rapidly due to maximum number of people earn regular income in the form of fixed wages and salaries. A few credit companies have started adopting the trend of collaborating with alternative lenders, which will help them to expand their footprint and maximize market shares in the upcoming years.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Consumer Credit market by Type (Revolving Credit, Installment Credit and Others), by Application (Individual, Enterprise and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market