Key regions: China, United Kingdom, Brazil, Israel, India
The CrowdLending (Business) market in BRICS is experiencing significant growth and development. This can be attributed to several factors, including customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.
Customer preferences: In the CrowdLending (Business) market in BRICS, customers are increasingly turning to online platforms to secure funding for their businesses. This shift in preference can be attributed to the convenience and accessibility offered by online lending platforms. Additionally, customers are drawn to the competitive interest rates and flexible repayment terms provided by these platforms. The ability to easily compare different lending options and choose the one that best suits their needs is also a key factor driving customer preference for CrowdLending (Business) in BRICS.
Trends in the market: One of the key trends in the CrowdLending (Business) market in BRICS is the emergence of peer-to-peer lending platforms. These platforms connect borrowers directly with lenders, eliminating the need for traditional financial intermediaries. This trend is driven by the desire for faster and more streamlined lending processes, as well as the potential for higher returns for lenders. Additionally, there is a growing trend towards specialized CrowdLending (Business) platforms that cater to specific industries or sectors, providing borrowers with access to lenders who have a deep understanding of their business needs.
Local special circumstances: In each BRICS country, there are unique local special circumstances that contribute to the development of the CrowdLending (Business) market. For example, in Brazil, there is a large number of small and medium-sized enterprises (SMEs) that often struggle to secure financing from traditional banks. CrowdLending (Business) platforms provide an alternative source of funding for these businesses, helping to stimulate economic growth. In Russia, there is a strong entrepreneurial culture, with many individuals starting their own businesses. CrowdLending (Business) platforms provide these entrepreneurs with the capital they need to launch and expand their ventures.
Underlying macroeconomic factors: The development of the CrowdLending (Business) market in BRICS is also influenced by underlying macroeconomic factors. These include factors such as economic growth, interest rates, and regulatory environment. In recent years, BRICS countries have experienced strong economic growth, creating a favorable environment for business lending. Additionally, low interest rates have made borrowing more affordable for businesses, encouraging them to seek financing through CrowdLending (Business) platforms. The regulatory environment in BRICS countries has also become more supportive of online lending, with governments introducing measures to promote transparency and protect the interests of borrowers and lenders. In conclusion, the CrowdLending (Business) market in BRICS is experiencing significant growth and development. This can be attributed to customer preferences for online lending platforms, trends such as the emergence of peer-to-peer lending and specialized platforms, local special circumstances in each BRICS country, and underlying macroeconomic factors such as economic growth, interest rates, and regulatory environment. As these factors continue to evolve, the CrowdLending (Business) market in BRICS is expected to further expand and mature.
Data coverage:
The data encompasses B2C enterprises. Figures are based on transaction values / revenues / assets under management and user data of relevant services and products offered within the FinTech market.Modeling approach / Market size:
Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, population, internet penetration, smartphone penetration, credit card penetration, and online banking penetration. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.Additional notes:
The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.
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