Growth Trends in the $30+ Trillion Commercial Lending Market, 2024-2028 & 2033

Rising Fintech Adoption, Advancing Digital Transformation, Increased Regulatory Scrutiny, Broader Credit Access, and Evolving Market Dynamics

Dublin, Dec. 06, 2024 (GLOBE NEWSWIRE) — The “Commercial Lending Market Report 2024” report has been added to ResearchAndMarkets.com’s offering.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. Asia-Pacific was the largest region in the commercial lending market in 2023 and it is expected to be the fastest-growing region in the forecast period.

The commercial lending market size has grown rapidly in recent years. It will grow from $14.15 trillion in 2023 to $16.44 trillion in 2024 at a compound annual growth rate (CAGR) of 16.2%. The growth observed during the historic period can be attributed to factors such as economic expansion, low interest rates, financial sector deregulation, increased consumer spending, and favorable credit conditions.

The commercial lending market size is expected to see rapid growth in the next few years. It will grow to $30.09 trillion in 2028 at a compound annual growth rate (CAGR) of 16.3%. The growth expected in the forecast period can be attributed to variations in interest rates, economic recovery trends, government fiscal policies, business investment strategies, and inflationary pressures. Major trends during this period include greater fintech adoption, advancing digital transformation, increased regulatory scrutiny, broader credit access, and evolving market dynamics.

The expansion of small and medium-sized enterprises (SMEs) is expected to drive significant growth in the commercial lending market. For instance, in October 2022, according to the Department for Business, Energy, and Industrial Strategy (BEIS), a UK-based government department, SMEs accounted for 61% of total employment in 2022. The total employment in SMEs rose from 16.3 million at the start of 2021 to 16.4 million at the start of 2022, marking a 0.6% increase. This data highlights the substantial role of SMEs in the employment landscape and underscores their growth potential. As of May 2024, the House of Commons Library, a UK-based parliamentary research and information service, reported that there were 5.5 million SMEs in the UK in 2023. These SMEs represented over 99% of the total business population. This prevalence illustrates the significant impact of SMEs on the overall business environment and their substantial contribution to the commercial lending market.

Major players in the commercial lending market are increasingly focused on developing cutting-edge solutions, including next-generation corporate lending artificial intelligence (AI) technologies, to improve decision-making efficiency and risk management. For instance, in January 2023, Temenos AG, a Switzerland-based provider of banking software systems, introduced a next-generation AI-driven corporate lending solution. This platform is designed to assist banks in optimizing their commercial loan portfolios and enhancing servicing capabilities. It addresses the complexities associated with loan processing and lifecycle management across various lending lines and geographies, targeting both large-tier and regional banks that often encounter challenges due to fragmented systems and lack of integration.

In October 2023, Loan Market Group (LMG), an Australia-based broker aggregator, acquired Commercial Lending Excellence (CLE) for an undisclosed amount. This strategic acquisition is poised to enhance operational efficiency within the commercial lending sector by integrating streamlined processes, establishing a centralized knowledge hub, and elevating application quality. The transaction is expected to expedite deal submissions, ensure precise calculations, and result in improved conversion rates and client satisfaction. Commercial Lending Excellence (CLE) is a commercial lending technology platform based in Australia, specializing in providing advanced commercial lending services.

Research Scope

Markets Covered:

1) By Type: Unsecured Lending; Secured Lending
2) By Provider: Banks; Non-Banking Financial Companies (NBFCs)
3) By Enterprise Size: Large Enterprises; Small & Medium Sized Enterprises

Key Companies Mentioned: JPMorgan Chase & Co.; Bank of America Corporation; Santander Group; Wells Fargo & Co; HSBC Holdings plc

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Key Attributes

Companies Profiled in the Report

• JPMorgan Chase & Co.
• Bank of America Corporation
• Santander Group
• Wells Fargo & Co
• HSBC Holdings plc
• Citigroup Inc.
• Morgan Stanley
• BNP Paribas
• TD Bank Group
• Goldman Sachs Group Inc.
• ING Group
• Mitsubishi UFJ Financial Group
• UBS Group AG
• Capital One Financial Corporation
• Barclays Bank plc
• Societe Generale SA
• Sumitomo Mitsui Financial Group
• Deutsche Bank AG
• UniCredit Group
• Truist Financial Corp.
• U.S. Bancorp
• Standard Chartered plc
• PNC Financial Services Group Inc.
• Mizuho Financial Group Inc.
• Credit Suisse Group AG
• Royal Bank of Scotland Group plc

For more information about this report visit https://www.researchandmarkets.com/r/hsbvy8

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

CONTACT: 
CONTACT: ResearchAndMarkets.com 
         Laura Wood,Senior Press Manager 
         [email protected]
         For E.S.T Office Hours Call 1-917-300-0470 
         For U.S./ CAN Toll Free Call 1-800-526-8630 
         For GMT Office Hours Call +353-1-416-8900