Press release
Global Artificial Intelligence (AI) In Lending Market to Reach $29.58 Billion by 2029, Growing at 26.3% CAGR
Artificial Intelligence AI In Lending
The rising focus on digital transformation is predicted to fuel the expansion of the AI in lending market in the future. Involving the integration of digital technology in every sector of an enterprise, digital transformation fundamentally revolutionizes business operations while also enhancing customer value. The growth of digital transformation is due to its ability to increase efficiency, elevate the customer experience, and maintain competitiveness in a progressively digital and swiftly changing market. AI in lending is a vital component of this digital shift as it simplifies the lending procedure, improves risk evaluation, boosts customer experiences, and heightens operational efficiency through automation and insights derived from data. For example, in November 2023, a report from the UK Cabinet Office, a government office in the UK, stated that in the 2021 Spending Review, the government committed to invest an additional $8.68 billion (£8 billion) in digital, data, and technology transformation by 2025. Hence, the escalating emphasis on digital transformation is stimulating the expansion of the AI in lending market.
Get Your Artificial Intelligence (AI) In Lending Market Report Here:
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-ai-in-lending-global-market-report
How will the growth rate of the artificial intelligence (ai) in lending market shape industry trends by 2034?
There has been an exponential growth in the market size of artificial intelligence (AI) in lending in the past few years. The market is predicted to expand from $9.18 billion in 2024 to $11.63 billion in 2025, with a compound annual growth rate (CAGR) of 26.6%. The surge in growth during the historical period can be linked to the increasing consumer need for digital services, cost savings, fraud recognition, the expansion of peer-to-peer and online lending platforms employing AI, and growing need for instantaneous data processing.
In the coming years, the market size of artificial intelligence (AI) in lending is anticipated to undergo substantial growth, scaling up to $29.58 billion in 2029 with a compound annual growth rate (CAGR) of 26.3%. This surge throughout the forecast period can be credited to the growing demand for swift and effective lending procedures, the mounting competitive pressures encouraging lenders to integrate AI, the expanded credit access for previously under-served demographics, the rise in AI-supported cloud-based lending platforms, and the proliferation of AI-driven mobile lending applications. The future trends that will likely materialize within this time frame encompass advancements in AI technology and machine learning algorithms, the application of vast data quantities for credit risk evaluation, synergy with fintech, collaborations between technological corporations and lenders, and the pairing of AI with blockchain to guarantee secure lending transactions.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=20476&type=smp
What trends are poised to drive the future success of the artificial intelligence (ai) in lending market?
Leading firms in the AI lending sector are evolving by creating high-tech solutions which include tools for managing the entire loan process, offering customers more sophisticated features. A full-scale system for managing loans handles all aspects of the loan process, from origination to repayment. For instance, in January 2023, Temenos, a software company for banking based in Switzerland, introduced a corporate lending solution powered by AI. The innovative corporate lending solution from Temenos uniquely gives banks the ability to consolidate worldwide commercial loan portfolios and centralize servicing on a single platform. It simplifies fragmented loan processing and lifecycle management across different lending areas and regions, serving both large tier-one banks and regional ones. The solution allows for easy servicing of a variety of loan types, from high-frequency bilateral loans to complex corporate credits. It provides solutions for challenges such as non-integrated systems and the lack of integration, while incorporating advanced automation and top-tier workflows in the Corporate Model Bank.
Which primary segments of the artificial intelligence (ai) in lending market are driving growth and industry transformations?
The artificial intelligence (AI) in lending market covered in this report is segmented -
1) By Component: Software, Services
2) By Deployment Mode: Cloud-Based, On-Premises
3) By Technology: Machine Learning And Predictive Analytics, Natural Language Processing (NLP), Robotic Process Automation (RPA), Other Technologies
4) By End-User: Banks And Financial Institutions, Credit Unions, Peer-To-Peer (P2P) Lending Platforms, Other Lenders
Subsegments:
1) By Software: AI-Driven Loan Origination Software, Credit Scoring And Risk Assessment Tools, Fraud Detection And Prevention Software, Automated Underwriting Systems, Customer Relationship Management (CRM) Software, AI-Based Portfolio Management Tools, Chatbots And Virtual Assistants For Customer Service
2) By Services: AI Consulting And Strategy Development, AI System Integration And Implementation Services, AI Maintenance And Support Services, Data Analytics And Reporting Services, Training And Education Services For AI Tools, Managed AI Services For Lending Operations, Compliance And Regulatory Advisory Services
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=20476
Which geographical regions are pioneering growth in the artificial intelligence (ai) in lending market?
North America was the largest region in the AI in lending market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) in lending market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the artificial intelligence (ai) in lending market landscape?
Major companies operating in the artificial intelligence (AI) in lending market are Pegasystems Inc., Newgen Software Technology Limited, IBM Corporation, American Express Banking Corp., PayPal Holdings Inc., OnDeck Capital Inc., NVIDIA Corporation, Fiserv Inc., Nucleus Software Exports Limited, SoFi Technologies Inc., Enova International Inc., LendingClub Corporation, Upstart Holdings Inc., Tavant, SymphonyAI LLC, DataRobot Inc., Prosper Funding LLC, Funding Circle Ltd., OakNorth Bank Plc, AlphaSense Inc., Figure Technologies Inc., Avant LLC, Better Mortgage Corporation, Sigma Infosolutions Ltd., Zest AI, LenddoEFL, Ellie Mae Inc., Kavout Corp.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=20476&type=smp
What Is Covered In The Artificial Intelligence (AI) In Lending Global Market Report?
•Market Size Forecast: Examine the artificial intelligence (ai) in lending market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the artificial intelligence (ai) in lending market for a structured understanding.
•Key Players Overview: Analyze major players in the artificial intelligence (ai) in lending market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the artificial intelligence (ai) in lending market.
•Segment Contributions: Evaluate how different segments drive overall growth in the artificial intelligence (ai) in lending market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the artificial intelligence (ai) in lending market.
•Industry Challenges: Identify potential risks and obstacles affecting the artificial intelligence (ai) in lending market.
•Competitive Landscape: Review strategic developments in the artificial intelligence (ai) in lending market, including expansions, agreements, and new product launches.
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Artificial Intelligence (AI) In Lending Market to Reach $29.58 Billion by 2029, Growing at 26.3% CAGR here
News-ID: 3937859 • Views: …
More Releases from The Business Research Company
Global Dermal Regeneration Market Expansion at 8.9% CAGR, Valued at $2.52 Billio …
"Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Dermal Regeneration Market Size Forecast for 2025?
In recent years, the market size of dermal regeneration has significantly expanded. Its growth is set to continue, moving from a market value of $1.64 billion in 2024, surging to $1.79 billion in 2025, indicating a Compound Annual Growth Rate…
Dental Emergency Kit Market Expansion Outlook: $1.74 Billion in 2029
"Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Dental Emergency Kit Market from 2024 to 2025?
In recent times, the dental emergency kit market has seen significant growth. Projected growth rates suggest an increase from $1.18 billion in 2024 to $1.28 billion in 2025, manifesting a compound annual growth rate (CAGR) of 8.2%.…
Cryopreservation Equipment Industry Growth Outlook: 15.4% CAGR and $19.55 Billio …
"Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Cryopreservation Equipment Market Size 2025?
The expansion of the cryopreservation equipment market has been significant in recent years. The market which is expected to escalate from $9.52 billion in 2024 to $11.01 billion in 2025, will do so with a compound annual growth rate…
Connected Wearable Patches Industry to Achieve $10.78 Billion Growth by 2029
"Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Connected Wearable Patches Market Grow by 2025 in Terms of Size and Growth?
The market size for connected wearable patches has seen significant expansion in the most recent years. With an expected rise from $5.62 billion in 2024 to $6.42 billion in 2025, representing a compound annual growth rate…
More Releases for Lending
Mortgage Lending Market : Increased focus toward digitalizing lending process
According to the report published by Allied Market Research, the global mortgage lending market generated $11.48 billion in 2021, and is estimated to reach $27.50 billion by 2031, witnessing a CAGR of 9.5% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, value chain, key investment pockets, competitive scenario, and regional landscape. The report is a vital for leading market players, investors, new…
P2p Lending Market | Industry Overview 2021 | Worldwide Companies- CircleBack Le …
P2p Lending Market report will provide one with overall market analysis, statistics, various trends, drivers, opportunities, restraints, and every minute data relating to the Synthetic Fibers market necessary for forecasting its revenue, factors propelling & growth. The P2p Lending market study provides unique guidance in thoughtful details regarding the development factors and has used a top-down and bottom-up approach to keep it error-free and accurate. Our expert analysts have used…
Peer-to-peer Lending – Growing Popularity and Emerging Trends in the Market | …
Global Peer-to-peer Lending Market Size, Status and Forecast 2018-2025 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Peer-to-peer Lending Market. Some of the key players profiled in the study are CircleBack Lending, Lending…
Alternative Lending Market Is Booming Worldwide | Lending Club, Prosper, Upstart …
The ‘ Alternative Lending market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview, Alternative Lending market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Alternative Lending market size forecast, market…
P2P Lending Market is Thriving Worldwide | CircleBack Lending, Lending Club, Pee …
Global P2P Lending Market Size, Status and Forecast 2025 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global P2P Lending Market. Some of the key players profiled in the study are CircleBack Lending, Lending…
Canada Peer-to-peer Lending Market 2018-2022 Overview by CircleBack Lending, Len …
with the slowdown in world economic growth, the Peer-to-peer Lending industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Peer-to-peer Lending market size to maintain the average annual growth rate of 2.94% from 22 million $ in 2014 to 24 million $ in 2017, Research analysts believe that in the next few years, Peer-to-peer Lending market size will be further expanded,…
