Contact
![Contact Meredith Alda](https://cdn.statcdn.com/contactPerson/3646.jpg)
Mon - Fri, 9am - 6pm (EST)
![Contact Yolanda Mega](https://cdn.statcdn.com/contactPerson/3195.jpg)
Mon - Fri, 9am - 5pm (SGT)
![Contact Kisara Mizuno](https://cdn.statcdn.com/contactPerson/2661.jpg)
Mon - Fri, 10:00am - 6:00pm (JST)
![Contact Lodovica Biagi](https://cdn.statcdn.com/contactPerson/863.jpg)
Mon - Fri, 9:30am - 5pm (GMT)
![Contact Carolina Dulin](https://cdn.statcdn.com/contactPerson/3012.jpg)
Mon - Fri, 9am - 6pm (EST)
Key regions: China, United Kingdom, Brazil, Israel, India
The CrowdLending (Business) market in Hungary has been experiencing significant growth and development in recent years.
Customer preferences: Hungarian businesses have shown a growing preference for CrowdLending as a source of financing. This can be attributed to several factors. Firstly, businesses appreciate the ease and convenience of accessing funds through online platforms. CrowdLending provides a streamlined process, allowing businesses to quickly and efficiently secure the financing they need. Additionally, the flexibility of CrowdLending is appealing to businesses, as they can choose the terms and conditions that best suit their needs.
Trends in the market: One of the key trends in the CrowdLending market in Hungary is the increasing number of platforms available to businesses. As the demand for CrowdLending grows, more platforms are entering the market to meet this need. This increased competition is driving innovation and improvement in the services offered by these platforms, ultimately benefiting businesses. Furthermore, there has been a shift towards specialization in the CrowdLending market. Some platforms are focusing on specific industries or types of businesses, catering to their unique financing needs. This trend allows businesses to find platforms that are tailored to their specific requirements, further enhancing the appeal of CrowdLending.
Local special circumstances: Hungary's economic environment has played a significant role in the development of the CrowdLending market. The country has a vibrant and diverse business landscape, with a large number of small and medium-sized enterprises (SMEs). These businesses often face challenges in accessing traditional financing options, such as bank loans. CrowdLending provides an alternative avenue for these businesses to secure the funds they need to grow and expand. Additionally, the government has implemented supportive policies to encourage the growth of the CrowdLending market. This includes initiatives to improve the regulatory framework and promote transparency and investor protection. These measures have helped to build trust and confidence in the CrowdLending market, attracting more businesses to utilize this financing option.
Underlying macroeconomic factors: The positive macroeconomic conditions in Hungary have also contributed to the growth of the CrowdLending market. The country has experienced stable economic growth in recent years, with low inflation and unemployment rates. This favorable economic environment has created a conducive climate for businesses to seek financing and invest in their growth. Additionally, the low interest rate environment has made traditional financing options less attractive for businesses, further driving the demand for alternative financing solutions like CrowdLending. In conclusion, the CrowdLending (Business) market in Hungary is experiencing significant growth and development. Businesses in Hungary are increasingly turning to CrowdLending as a source of financing, drawn by the ease, convenience, and flexibility it offers. The market is characterized by an increasing number of platforms and a trend towards specialization, catering to the diverse needs of businesses. Hungary's vibrant business landscape, supportive government policies, and positive macroeconomic conditions have all contributed to the growth of the CrowdLending market in the country.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)