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Term Loan Market to Reach $991.2 Billion, Globally, by 2032 at 6.2% CAGR: Allied Market Research

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The global term loan market is experiencing growth due to several factors such as advanced technology adoption, rise in demand for money to fund lifestyles, and rise in migration to smart urban cities.

WILMINGTON, Del., Aug. 15, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Term Loan Market by Type (Short-term Loans, Intermediate-term Loans and Long-term Loans), by Interest Rate (Fixed Interest Rate and Floating Interest Rate), and Provider (Banks, Financial Institutions, Credit Unions and Others): Global Opportunity Analysis and Industry Forecast, 2024-2032″. According to the report, the term loan market was valued at $576.8 billion in 2023, and is estimated to reach $991.2 billion by 2032, growing at a CAGR of 6.2% from 2024 to 2032.

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Prime Determinants of Growth 

The growing demand for short-term loans, which are easier to obtain as they do not require collateral, leads to considerable growth in the term loan market during the forecast period. Moreover, the emergence of fintech companies and online loan providers, which have made obtaining personal loans more accessible, is expected to drive the term loan market growth in the upcoming years.

Report Coverage and Details

Report Coverage

Details

Forecast Period

2024–2032

Base Year

2023

Market Size in 2023

$576.8 billion

Market Size in 2032

$991.2 billion

CAGR

6.2 %

No. of Pages in Report

354

Segments covered

Type, Interest Rate, Provider, and Region

Drivers

•  Rise in use of advanced technologies in the loan process

•  Rise in requirement for money to fund lifestyles 

•  Increase in migration to smart urban cities

Opportunities

•  Rise in demand for short-term loans  

•  Emergence of fintech companies and online loan providers  

 

Restraints

•  Credit history scrutiny  

•  Economic uncertainty

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Segment Highlights

Based on type, the short-term loans segment in the term loans market is gaining traction. The growing demand for short-term loans, which are easier to obtain as they do not require collateral, is driving the term loan market. This segment is expected to experience considerable growth during the forecast period, as short-term loans provide borrowers with the flexibility to manage their cash flow and finance urgent assets such as accounts receivable and inventories.

By interest rate, the fixed interest rate segment had the largest market share in 2023. Fixed interest rate term loans offer borrowers stability and predictability, as the interest rate remains constant throughout the loan tenure. This provides borrowers with the ability to better plan and manage their finances, as they have a fixed repayment schedule. In times of economic uncertainty or when market interest rates are expected to rise, fixed interest rate term loans can be advantageous for borrowers, as they are protected from potential increases in interest rates. This can lead to significant savings in interest payments over the life of the loan. 

On the basis of provider, the banks segment held the largest share in the term loans market in 2023, owing to growing demand for long-term financing, particularly for infrastructure projects and home loans. This supply-demand gap in lending, especially for small and medium-sized enterprises (SMEs), is a significant factor driving the growth of the term loan market. The development of financial markets to support financial deepening and improved market efficiency and liquidity has led to a need for more diversified financing modalities beyond conventional bank lending. The term loan market provides an alternative financing option for businesses, contributing to its growth. 

Regional Outlook

In North America, the increase in adoption of advanced technologies in the loan process, such as AI and software, which streamline loan operations and enhance the overall customer experience is driving the term loan market growth. In addition, the rise in demand for money to support their daily needs and the growing migration to smart urban cities are contributing to the growth of the market. However, the rise in demand for long-term financing, particularly for infrastructure projects and home loans, which are not adequately met by short-term bank lending is boosting term loan adoption in the Asia-Pacific region. The region’s financial sectors are dominated by short-term bank lending, limiting their capacity to finance long-term investments. This has led to a supply-demand gap in lending, particularly for small and medium-sized enterprises (SMEs), which are crucial for national economic development.

Players

Bajaj FinservTata Capital LimitedSwoop Finance LtdFunding Circle LimitedSocial Finance, Inc.Compare The Market LimitedUS Fund SourceLoans CanadaSunshine LoansChoose Wisely Limited

The report provides a detailed analysis of these key players in the global term loan market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

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Recent Development

In January 2022, Wells Fargo announced plans to offer a short-term credit product that provides amounts up to $500 and can be repayable in three equal monthly installments.In April 2021, PayPal formed a partnership with FlexiLoans to provide freelancers, women entrepreneurs, sole proprietors, and MSME’s with collateral-free business term loans. PayPal with FlexiLoans aims to offer MSMEs working capital for business expansion, purchasing stock, inventory, and other business-related expenditures.

Key Benefits for Stakeholders

This report provides a quantitative analysis of the term loan market segments, current trends, estimations, and dynamics of the term loan market analysis from 2024 to 2032 to identify the prevailing term loan market opportunity.The market research is offered along with information related to key drivers, restraints, and opportunities.Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.In-depth analysis of the term loan market segmentation assists to determine the prevailing term loan market opportunities.Major countries in each region are mapped according to their revenue contribution to the global market.Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.The report includes the analysis of the regional as well as global term loan market trends, key players, market segments, application areas, and term loan market growth strategies.

Term Loan Market Report Highlights

By Type

Short-term LoansIntermediate-term LoansLong-term Loans

By Interest Rate

Fixed Interest RateFloating Interest Rate

By Provider

BanksFinancial InstitutionsCredit UnionsOthers

By Region

North America (U.S., Canada)Europe (France, Germany, Italy, Spain, UK, Rest of Europe)Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Mexico, Rest of LAMEA)

Purchase This Comprehensive Report (PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/46NNg6v 

Key Market Players

Sunshine Loans, Funding Circle Limited, Bajaj Finserv, Rupee Station Pvt. Ltd., Tata Capital Limited, Cashpal Super Fast Same Day Loans, Swoop Finance Ltd, BankBazaar.com, US Fund Source, Compare The Market Limited, Loans Canada, Choose Wisely Limited, Social Finance, Inc.

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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high-quality data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Marzano Resources, NC Department of Public Instruction Partner in Statewide Project to Improve Student Outcomes and Promote Competency-Based Education

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BLOOMINGTON, Ind., Jan. 13, 2025 /PRNewswire/ — Marzano Resources, a premier provider of K-12 professional development resources and services for educators, has announced a five-year partnership with the North Carolina Department of Public Instruction (NC DPI) to improve student outcomes in math in low-performing, low-income schools and help move state schools to competency-based learning. 

The partnership is being funded by Golden LEAF Foundation, a North Carolina-based nonprofit organization that works to increase economic opportunity in the state’s rural and tobacco-dependent communities through leadership in grantmaking, collaboration, innovation, and stewardship. Approximately $13 million of the $25 million grant will be allocated to Marzano Resources for the statewide implementation of two educational cohorts: 

1. Providing Targeted Support for Low-Income, Low-Performing Schools: This project focuses on 10 low-income schools that have been identified due to historically low performance and student outcomes in mathematics. These schools will receive intensive, customized onsite services aimed at improving school processes and practices, with a particular emphasis on creating a strong, effective culture for learning in mathematics.

As part of this cohort, each school will undergo a detailed needs assessment to inform the creation of a tailored improvement plan. Schools will also receive six onsite learning sessions (a coaching academy) and approximately 20 days of onsite coaching each year for the next five years. The schools will move through the Marzano Resources High Reliability Schools (HRS) framework, with the ultimate goal of achieving HRS certification. The NC DPI will coordinate with other vendors to ensure the seamless implementation of new curricular materials within this framework.

2. Advancing Competency-Based Education: The second cohort will include schools that are not currently considered low-performing but are interested in advancing to a competency-based education model. These schools will gain access to a customized version of the Marzano Resources Marzano Mastery Approaches cohort plan, as well as a comprehensive resource bank to use at their discretion. Additional onsite coaching days with Marzano Resources associates will be available to ensure effective implementation and ongoing support.

Both cohorts will participate in annual in-person sessions designed to foster collaboration, knowledge sharing, and networking among participants.

“Marzano Resources is honored to partner with the North Carolina Department of Public Instruction and to work with the Golden LEAF Foundation to drive meaningful change across the state,” said Terri Martin, president of Marzano Resources. “Through this collaboration, we aim to equip North Carolina educators with proven strategies to improve math outcomes and transition schools toward a competency-based learning model that ensures every student can succeed.”

About Marzano Resources
Marzano Resources, formerly Marzano Research, is dedicated to helping K–12 educators advance student achievement. Built on the foundation of Dr. Robert J. Marzano’s 50 years of education research, Marzano Resources supports teachers and administrators through customizable on-site professional development, educator events, virtual coaching, books, videos, and online courses. Our associates and authors are thought leaders in the field of education and deliver research-backed guidance for all major areas of schooling, including curriculum development, instruction, assessment, student engagement, and personalized competency-based education. Marzano Resources is the home of High Reliability Schools and The New Art and Science of Teaching series.

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TrusteSolutions Announces Double-Digit Growth in 2024 in the Chapter 7 Case Management Market Accompanied by Markedly High Satisfaction Ratings

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HOUSTON, Jan. 13, 2025 /PRNewswire/ — TrusteSolutions (TES), the cloud-based technology innovator of the ultimate case management platform in the enterprise-level management software industry for the bankruptcy and fiduciary markets, reveals its impressive growth numbers for 2024 along with findings from its annual customer satisfaction survey. The online customer survey opened November 5, 2024, and closed November 22, 2024. A record number of responses were collected from customers evenly split between United States Panel Trustees and trustee assistants.

TrusteSolutions grew 13% in 2024, more than doubling its growth from 2023.

Specific survey highlights include overall high satisfaction ratings with the software, support team, and Trustee Interim Report (TIR) process. 100% of respondents stated satisfaction with TrusteSolutions’ customer support and TIR process. Kristi Singal, President of TrusteSolutions, shared, “We are pleased to learn our Chapter 7 Trustees unanimously found our TIR prep features led to more accurate TIR results and fewer errors. It is our goal to provide software features and support that increase efficiency and reduce work for our customers.”

Ease of use received an overwhelming number of responses when customers were asked to cite their favorite feature. Accurate reporting was a close second. One respondent stated, “The software is easy to use and assists in catching issues in reporting that may have been missed.”

Additional findings include survey participants often recommend TrusteSolutions to others, stating ease of use and excellent, responsive customer support as main reasons to switch to the software platform, followed by training and the ability to work from anywhere on any mobile device. One customer shared, “Yes, I recommend TrusteSolutions. I used another vendor for years and thought they were great until I started using TrusteSolutions. It is much more user friendly and has a great deal more to offer in assisting Trustees and their assistants with the whole Trustee process. And, TrusteSolutions has the greatest customer support.”

TrusteSolutions grew 13% in 2024, more than doubling its growth from 2023. Almost half of its acquired customers are newly appointed Chapter 7 United States Bankruptcy Panel Trustees. Others are existing Trustees that were previously with other case management providers. Being easy to navigate and use is a major reason New Panel Trustees chose TrusteSolutions along with recommendations from existing Trustees.

About TrusteSolutions

TrusteSolutions offers the ultimate case management platform to help attorneys and fiduciaries manage cases effortlessly with more automation, customization, and mobility than any other solution, helping them uphold fiduciary responsibilities with excellence, maintain compliance effortlessly, and maximize profitability. Built in the cloud and backed by outstanding customer support, TrusteSolutions, a division of Financial Software Solutions, LLC, is a Houston-based enterprise-level software company that empowers attorneys to unlock the full potential of their Chapter 7 cases and experience better case management.

About Financial Software Solutions

Financial Software Solutions (FSS), provides bankruptcy trustees, receivers, law firms and other professionals with enterprise-level, cloud-based time management, case and document management and banking automation software for anytime, anywhere access. Its BlueStylus product line includes Case Builder, an online Chapter 7, Chapter 13, Chapter 11 and Chapter 11, Subchapter V easy-to-use petition preparation, filing and management tool that leads you through the filing process, replacing expensive solutions. BlueStylus provides legal and professional firms with an intuitive online office management tool for time and billing, document sharing and storage, and task management at an affordable price.

FSS supports Subchapter V trustees with CORE, a complete online solution to handle UST reports, case management, and banking. CORE is designed to keep the receivership process organized so receivers can experience greater efficiency while managing large caseloads. FSS provides enterprise-level, cloud-based software to help businesses do more with fewer resources for enhanced productivity and mobility.

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Gloo Announces Strategic Investment in AI-Powered VisitorReach

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Partnership enables church outreach startup to leverage the power of Gloo platform capabilities and channel while enhancing benefits for Gloo+ members

BOULDER, Colo., Jan. 13, 2025 /PRNewswire/ — Gloo, the technology platform for the Christian faith ecosystem, announced a strategic investment in VisitorReach. The investment and resulting partnership will enable both organizations to accelerate their services to the local church and will provide churches with technology and services to reach, connect and engage with people in their communities.

“VisitorReach represents the next generation of church outreach,” said Brad Hill, chief solutions officer at Gloo. “We especially love that it combines the latest trends in technology and marketing with solid pastoral experience that understands the unique needs of the local church. As VisitorReach prepares to scale to a new level, we’re excited for the multiple ways that Gloo can support and accelerate its growth.”

Founded in 2023, VisitorReach offers an artificial intelligence-powered service and app to deliver personalized ads to those in a local community, inviting them to a conversation with a church through one-on-one text message conversations. Its Digital Health Assessment offering has been used by more than 600 churches, providing a comprehensive checkup of a church’s online presence and suggestions for improvement. VisitorReach’s tools empower churches to personally engage with new visitors and people in their own congregations.

“This partnership with Gloo marks a defining moment in our mission to empower churches with transformative tools to reach their communities with excellence and purpose,” said Marc Estes, president and CEO of VisitorReach. “By uniting the Gloo technology platform with VisitorReach’s innovative outreach solutions, we can jointly equip churches across the nation to bring hope, healing and the message of Jesus to a world in desperate need.”

The Gloo platform offers a variety of solutions to serve churches, including communications tools, digital ministry capabilities and social media resources. Plans are already underway to introduce a bundled offering of VisitorReach with the platform premium membership Gloo+. Details and timing of this bundled release are forthcoming.

“VisitorReach fills an important gap in how Gloo serves churches,” said Hill. “We can now offer churches a full lifecycle solution for every phase of the visitor and congregant journey. The net result of the partnership will be that churches can enjoy a steady, predictable stream of new visitors, leverage modern digital marketing principles without a full-time staff, and have the tools to more effectively engage and retain their people for greater ministry impact.”

As a Gloo Capital Partner, VisitorReach will retain its existing leadership team, operate as its own brand and continue business operations as usual. Terms of the investment were not disclosed.

Gloo is the technology platform connecting the Christian faith ecosystem. Gloo connects ministry leaders to resources, people, insights and funding so their people and communities flourish and their organizations thrive. Gloo enables trusted exchange between organizations and people, so they can collaborate with greater confidence. Gloo serves over 80,000 churches and over 1,000 resource partners. Gloo is based in Boulder, Colorado.

VisitorReach helps churches build meaningful connections with people through personalized communication tools. The platform delivers personalized ads to people in a community and invites them to a conversation with a pastor through 1:1 text conversations. Tools like quick replies, a conversational assistant and guided journeys make it easy for pastors to engage with new people and assist in ongoing assimilation efforts. By streamlining outreach and communication, VisitorReach empowers churches to focus on what matters most: reaching and caring for their community.

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