Global Unsecured Business Loans Market 2024-2028

Unsecured Business Loans Market 2024-2028


The unsecured business loans market is forecasted to grow by USD 3496.23 bn during 2023-2028, accelerating at a CAGR of 10.92% during the forecast period. The report on the unsecured business loans market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing number of SMEs, use of advanced technologies in loan processing, and increasing awareness and acceptance of unsecured business loans.

Technavio's unsecured business loans market is segmented as below:

By End-user
  • Small and medium-sized enterprises
  • Large enterprises
By Type
  • Short term loan
  • Medium term loan
  • Long term loan
By Geographical Landscape
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa
This study identifies the strategic partnerships between market participants as one of the prime reasons driving the unsecured business loans market growth during the next few years. Also, increasing focus on blockchain technology and use of analytics in financial industry will lead to sizable demand in the market.

The report on the unsecured business loans market covers the following areas:
  • Unsecured business loans market sizing
  • Unsecured business loans market forecast
  • Unsecured business loans market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading unsecured business loans market vendors that include American Express Co., Axis Bank Ltd., Bajaj Finserv Ltd., Bank of America Corp., Bank of Ireland, Business and Enterprise Finance Ltd., Clix Capital Services Pvt. Ltd., Deutsche Bank AG, Enova International Inc., Funding Circle Holdings plc, HDFC Bank Ltd., Hero FinCorp Ltd., IDFC FIRST Bank Ltd., National Funding Inc., Poonawalla Fincorp Ltd., Rapid Finance, Standard Chartered PLC, Starling Bank, Wells Fargo and Co., and Bank of China Ltd.. Also, the unsecured business loans market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by End-user
      • Table Executive Summary – Chart on Market Segmentation by Type
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global unsecured business loans market 2018 - 2022
      • Table Historic Market Size – Data table on global unsecured business loans market 2018 – 2022 ($ billion)
    • End-user Segment Analysis 2018 - 2022
      • Table Historic Market Size – End-user Segment 2018 - 2022 ($ billion)
    • Type Segment Analysis 2018 - 2022
      • Table Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size – Country Segment 2018 - 2022 ($ billion)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2023-2028 (%)
      • Table Data Table on End-user - Market share 2023-2028 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Small and medium-sized enterprises - Market size and forecast 2023-2028
      • Table Chart on Small and medium-sized enterprises - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Small and medium-sized enterprises - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Small and medium-sized enterprises - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Small and medium-sized enterprises - Year-over-year growth 2023-2028 (%)
    • Large enterprises - Market size and forecast 2023-2028
      • Table Chart on Large enterprises - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Large enterprises - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Large enterprises - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Large enterprises - Year-over-year growth 2023-2028 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ billion)
      • Table Data Table on Market opportunity by End-user ($ billion)
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2023-2028 (%)
      • Table Data Table on Type - Market share 2023-2028 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Short term loan - Market size and forecast 2023-2028
      • Table Chart on Short term loan - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Short term loan - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Short term loan - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Short term loan - Year-over-year growth 2023-2028 (%)
    • Medium term loan - Market size and forecast 2023-2028
      • Table Chart on Medium term loan - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Medium term loan - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Medium term loan - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Medium term loan - Year-over-year growth 2023-2028 (%)
    • Long term loan - Market size and forecast 2023-2028
      • Table Chart on Long term loan - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Long term loan - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Long term loan - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Long term loan - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ billion)
      • Table Data Table on Market opportunity by Type ($ billion)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2023-2028 (%)
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on North America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023- 2028
      • Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on US - Year-over-year growth 2023-2028 (%)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • UK - Market size and forecast 2023-2028
      • Table Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on UK - Year-over-year growth 2023-2028 (%)
      • Table Data Table on UK - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • Japan - Market size and forecast 2023-2028
      • Table Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
      • Table Data Tables on Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increasing number of SMEs
      • Use of advanced technologies in loan processing
      • Increasing awareness and acceptance of unsecured business loans
    • Market challenges
      • Compliance and regulatory challenges related to loans
      • High risk and costs associated with unsecured business loans
      • Privacy and security concerns related to digital lending
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Strategic partnerships between market participants
      • Increasing focus on blockchain technology
      • Use of analytics in financial industry
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • American Express Co.
      • Table American Express Co. - Overview
      • Table American Express Co. - Business segments
      • Table American Express Co. - Key offerings
      • Table American Express Co. - Segment focus
    • Axis Bank Ltd.
      • Table Axis Bank Ltd. - Overview
      • Table Axis Bank Ltd. - Business segments
      • Table Axis Bank Ltd. - Key offerings
      • Table Axis Bank Ltd. - Segment focus
    • Bajaj Finserv Ltd.
      • Table Bajaj Finserv Ltd. - Overview
      • Table Bajaj Finserv Ltd. - Business segments
      • Table Bajaj Finserv Ltd. - Key offerings
      • Table Bajaj Finserv Ltd. - Segment focus
    • Bank of America Corp.
      • Table Bank of America Corp. - Overview
      • Table Bank of America Corp. - Business segments
      • Table Bank of America Corp. - Key news
      • Table Bank of America Corp. - Key offerings
      • Table Bank of America Corp. - Segment focus
    • Bank of China Ltd.
      • Table Bank of China Ltd. - Overview
      • Table Bank of China Ltd. - Product / Service
      • Table Bank of China Ltd. - Key offerings
    • Clix Capital Services Pvt. Ltd.
      • Table Clix Capital Services Pvt. Ltd. - Overview
      • Table Clix Capital Services Pvt. Ltd. - Product / Service
      • Table Clix Capital Services Pvt. Ltd. - Key offerings
    • Deutsche Bank AG
      • Table Deutsche Bank AG - Overview
      • Table Deutsche Bank AG - Business segments
      • Table Deutsche Bank AG - Key news
      • Table Deutsche Bank AG - Key offerings
      • Table Deutsche Bank AG - Segment focus
    • Enova International Inc.
      • Table Enova International Inc. - Overview
      • Table Enova International Inc. - Product / Service
      • Table Enova International Inc. - Key offerings
    • Funding Circle Holdings plc
      • Table Funding Circle Holdings plc - Overview
      • Table Funding Circle Holdings plc - Product / Service
      • Table Funding Circle Holdings plc - Key offerings
    • HDFC Bank Ltd.
      • Table HDFC Bank Ltd. - Overview
      • Table HDFC Bank Ltd. - Business segments
      • Table HDFC Bank Ltd. - Key offerings
      • Table HDFC Bank Ltd. - Segment focus
    • Hero FinCorp Ltd.
      • Table Hero FinCorp Ltd. - Overview
      • Table Hero FinCorp Ltd. - Product / Service
      • Table Hero FinCorp Ltd. - Key offerings
    • IDFC FIRST Bank Ltd.
      • Table IDFC FIRST Bank Ltd. - Overview
      • Table IDFC FIRST Bank Ltd. - Business segments
      • Table IDFC FIRST Bank Ltd. - Key offerings
      • Table IDFC FIRST Bank Ltd. - Segment focus
    • National Funding Inc.
      • Table National Funding Inc. - Overview
      • Table National Funding Inc. - Product / Service
      • Table National Funding Inc. - Key offerings
    • Poonawalla Fincorp Ltd.
      • Table Poonawalla Fincorp Ltd. - Overview
      • Table Poonawalla Fincorp Ltd. - Product / Service
      • Table Poonawalla Fincorp Ltd. - Key offerings
    • Wells Fargo and Co.
      • Table Wells Fargo and Co. - Overview
      • Table Wells Fargo and Co. - Business segments
      • Table Wells Fargo and Co. - Key offerings
      • Table Wells Fargo and Co. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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