Digital Lending Platforms in Saudi Arabia
Summary
Digital Lending Platforms in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Digital lending refers to the use of technology and online platforms to offer financial products and services, particularly loans, in a fully digital format. This involves automating the process of loan application, approval, disbursement, and repayment through digital channels. Digital lending typically eliminates the need for physical paperwork and in-person visits to banks or lending institutions, providing faster, more convenient access to credit.
- The Saudi Arabian digital lending platforms market recorded revenues of $1.1 billion in 2024, representing a compound annual growth rate (CAGR) of 13.7% between 2019 and 2024.
- The banks segment accounted for the market's largest proportion in 2024, with total revenues of $0.4 billion, equivalent to 37.5% of the market's overall value.
- The Saudi Arabian digital lending platform market held a 20.0% share of the total Middle East & African market in 2024
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the digital lending platforms market in Saudi Arabia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the digital lending platforms market in Saudi Arabia
- Leading company profiles reveal details of key digital lending platforms market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Saudi Arabia digital lending platforms market with five year forecasts
- What was the size of the Saudi Arabia digital lending platforms market by value in 2024?
- What will be the size of the Saudi Arabia digital lending platforms market in 2029?
- What factors are affecting the strength of competition in the Saudi Arabia digital lending platforms market?
- How has the market performed over the last five years?
- Who are the top competitors in Saudi Arabia's digital lending platforms market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strategies of the leading players?
- 7.3. What are the strengths of the leading players?
- 7.4. Has there been any new development in the market?
- 8 Company Profiles
- 8.1. Raqamyah Platform
- 8.2. Lean Technologies Ltd
- 8.3. Finastra Group Holdings Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- 10.4. About GlobalData
- List of Tables
- Table 1: Saudi Arabia digital lending platforms market value: $ million, 2019–24
- Table 2: Saudi Arabia digital lending platforms market category segmentation: % share, by value, 2019–24
- Table 3: Saudi Arabia digital lending platforms market category segmentation: $ million, 2019-24
- Table 4: Saudi Arabia digital lending platforms market geography segmentation: $ million, 2024
- Table 5: Saudi Arabia digital lending platforms market value forecast: $ million, 2024–29
- Table 6: Raqamyah Platform: Key Facts
- Table 7: Lean Technologies Ltd: Key Facts
- Table 8: Finastra Group Holdings Ltd: Key Facts
- Table 9: Finastra Group Holdings Ltd: key employees
- Table 10: Saudi Arabia Size of Population (Million), 2020–24
- Table 11: Saudi Arabia Real GDP (Constant 2010 Prices, $ Billion), 2020–24
- Table 12: Saudi Arabia GDP (Current Prices, $ Billion), 2020–24
- Table 13: Saudi Arabia Inflation, 2020–24
- Table 14: Saudi Arabia Consumer Price Index (Absolute), 2020–24
- Table 15: Saudi Arabia Exchange Rate, 2019–24
- List of Figures
- Figure 1: Saudi Arabia digital lending platforms market value: $ million, 2019–24
- Figure 2: Saudi Arabia digital lending platforms market category segmentation: $ million, 2019-24
- Figure 3: Saudi Arabia digital lending platforms market geography segmentation: % share, by value, 2024
- Figure 4: Saudi Arabia digital lending platforms market value forecast: $ million, 2024–29
- Figure 5: Forces driving competition in the digital lending platforms market in Saudi Arabia, 2024
- Figure 6: Drivers of buyer power in the digital lending platforms market in Saudi Arabia, 2024
- Figure 7: Drivers of supplier power in the digital lending platforms market in Saudi Arabia, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the digital lending platforms market in Saudi Arabia, 2024
- Figure 9: Factors influencing the threat of substitutes in the digital lending platforms market in Saudi Arabia, 2024
- Figure 10: Drivers of degree of rivalry in the digital lending platforms market in Saudi Arabia, 2024
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