Artificial Intelligence (AI) In Lending Industry Growth Expected to Reach $29.57 Billion by 2029 at a CAGR of 26.2% | Segmentation and Growth Opportunities
Claim your 30% discount on Global Market Reports with code ONLINE30. Limited time only.
What Is the Forecast for the Artificial Intelligence (AI) In Lending Market Growth in 2025?
The market size of artificial intelligence (AI) in lending has seen exponential growth in past years. An increase from $9.18 billion in 2024 to $11.63 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 26.6%, is projected. This historic growth can be ascribed to factors such as burgeoning consumer demand for digital services, cost savings, fraud detection, the proliferation of peer-to-peer and online lending platforms utilizing AI and the escalating demand for real-time data processing.
What Is the Forecast for the Artificial Intelligence (AI) In Lending Market Size Through 2029?
The market size of artificial intelligence (AI) in lending is predicted to experience prodigious growth in the coming years, climbing to $29.58 billion by 2029, boasting a compound annual growth rate (CAGR) of 26.3%. This ascent in the prediction period is the result of the escalating requirement for swift and efficient lending practices, intensifying rivalry compelling lenders to embrace AI, broader credit accessibility for underserved communities, rise of AI lending platforms based in the cloud, and the prevalence of mobile lending applications that employ AI. The prediction period will witness significant trends like the evolution in AI technologies, machine learning algorithms, big data usage in credit risk evaluation, integration with fintech, partnerships between technological companies and lenders, and the amalgamation of AI and blockchain for secured lending transactions.
Download The Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=20476&type=smp
What are the Key Market Players in Artificial Intelligence (AI) In Lending Market and How They’re Evolving?
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.
What Are the Primary Growth Drivers in the Artificial Intelligence (AI) In Lending Market?
The increasing focus on digital alteration is predicted to fuel the expansion of the AI in lending market in the future. This digital change constitutes the integration of digital tech throughout all sectors of a company, significantly transforming its operations and the way it provides value to clientele. This digital modification is increasingly prominent because it enables corporations to amplify efficiency, enrich client experiences, and maintain competitiveness in a progressively digital and swiftly changing market. AI in lending is essential for digital transformation as it simplifies the lending procedure, enhances risk evaluation, improves customer experiences, and boosts operational efficiency via automation and insights led by data. For example, a report released by the UK Cabinet Office, a government office in the UK, stated in November 2023 that the government had promised to expend an additional $8.68 billion (£8 billion) by 2025 in the 2021 Spending Review on digital, data, and technology metamorphosis. Hence, the mounting emphasis on digital transformation is spurring the enlargement of the AI in lending market.
Request For A Customized Report:
https://www.thebusinessresearchcompany.com/customise?id=20476&type=smp
What Are the Leading Segments in the Global Artificial Intelligence (AI) In Lending Industry?
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
Which Industry Trends Are Shaping the Future of the Artificial Intelligence (AI) In Lending Market?
Leading businesses within the AI in lending market are creating cutting-edge solutions such as loan lifecycle management platforms, to provide customers with enhanced features. This comprehensive system takes care of every part of a loan’s lifecycle – from origination, processing, servicing all the way to repayment, by using automation. An example of this is Temenos, a banking software firm hailing from Switzerland, which unveiled its AI-powered corporate lending platform in January 2023. This modern lending solution from Temenos uniquely gives banks the opportunity to merge their global commercial loan portfolios and bring together servicing on one unified platform. It simplifies the intricate process of loan management across various lending avenues and regions, making it particularly suitable for large tier-one and regional banks. This service efficiently supervises a wide range of loan types, from numerous bilateral loans to the more complex corporate credits, by tackling issues associated with the inadequate integration of separate systems. It includes the capacity for advanced automation and incorporates best-practice workflows into the Corporate Model Bank.
Access The Full Report Here:
What Is the Regional Outlook for 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.
Purchase The Full Report Today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=20476
This Report Delivers Insight On:
1. How big is the artificial intelligence (ai) in lending market, and how is it changing globally?
2. Who are the major companies in the artificial intelligence (ai) in lending market, and how are they performing?
3. What are the key opportunities and risks in the artificial intelligence (ai) in lending market right now?
4. Which products or customer segments are growing the most in the artificial intelligence (ai) in lending market?
5. What factors are helping or slowing down the growth of the artificial intelligence (ai) in lending market?
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 in the game.
Get in touch with us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 310-496-7795
Europe +44 7882 955267
Asia & Others +44 7882 955267 & +91 8897263534
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
