Global Digital Lending Platform Market Overview
Introduction:
Digital platform present opportunities for enterprisers to rethink about their business plans and create better experiences for customers, employees, and ecosystem partners, coupled with lowering cost. The digital platform handles an end-to-end business process which is essential to achieve the improved experience of customers, employees, and partners. The lending procedure begins with bringing a borrower on-board through various sales channels. Lending is simply an act of giving money on credit to another person called the borrower through digital means. It is a technology that allows financial institutions to boost productivity and loan profits while providing service at point-of-sale. It enables potential borrowers to apply for loan products from any point of the world. Digital lenders provide loans and collect back through digital channels. It has several advantages such as lower operating expenses, less taxation on transactions, less time in getting money etc. The Digital Lending Platform Market accounted for US$ 7.4 billion in 2020 and is estimated to be US$ 10.96 billion by 2030 and is anticipated to register a CAGR of 4.0%.
Global Digital Lending Platform Market Dynamics
Rising industrialization
The major factors driving growth of the global digital lending platform market involves rapid industrialization in developed and developing countries across the globe. In addition, growing number of smart phone users, rising internet penetration, and increasing adoption of digital platform across various industries are some other factors expected to boost growth of the global market over the forecast period. Increasing government initiatives for developing countries towards digitization, coupled with approach towards streamline payment method and promote paper less transaction within short period of time are major factors propelling growth of the global market. Moreover, increasing adoption of digital platform from financial institution in order to enhance the customer experience related to payment methods is another factor expected to support growth of the global market over the forecast period.
However, increasing concerns related to data security and privacy are major factors expected to hamper growth of the global market over the forecast period. Also, dependency on traditional methods is another factor expected to restrain growth of the global market over the forecast period.
Global Digital Lending Platform Market Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global digital lending platform market is segmented based on components, deployment mode, industry vertical, and region.
On the basis of component, the global digital lending platform market is segmented into solution and services. Solution component type is further bifurcated into loan origination, decision automation, portfolio management, loan servicing, risk & compliance management, loan management, business process management, and others. Services component type is further bifurcated into design and implementation, training & education, risk assessment, consulting, and support & maintenance. On the basis of deployment mode, the target market is classified into cloud and on-premises. Based on industry vertical, the global market is segmented into banking, financial services, insurance, credit unions, retail banking, and P2P lenders.
Regional Insights:
The global digital lending platform market accounted for US$ 7.4 billion in 2020 and is estimated to be US$ 10.96 billion by 2030 and is anticipated to register a CAGR of 4.0%. On region the global digital lending platform market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to dominate the global market and is expected to continue its dominance over the forecast period. The dominance can be attributed to well-developed IT infrastructure, stringent government regulations related to cyber security, and presence of major players operating in the countries in this region. The market in Asia Pacific is expected to witness faster growth, owing to increasing government initiatives towards digitization and high internet penetration in the emerging economies in this region
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
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Market Segmentation |
By Component- Solution (Loan Origination, Decision Automation, Portfolio Management, Loan Servicing, Risk & Compliance Management, Loan Management, Business Process Management, and Others) and Services (Design and Implementation, Training & Education, Risk Assessment, Consulting, and Support & Maintenance) By Deployment Mode– Cloud and On-premises By Industry Vertical– BFSI, Credit Unions, Retail Banking, and P2P Lenders |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global digital lending platform market report based on components, deployment mode, industry vertical, and region.
Global Digital Lending Platform Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Digital Lending Platform Market Key Players
The key players operating in the global digital lending platform market includes Nucleus Software Exports Limited, Fiserv Inc., Sigma Infosolutions, Ellie Mae Inc., Newgen Software Technologies Limited, Finantix S.P.A, Intellect Design Arena Limited, Finastra Group Holdings Limited, Symitar Systems Inc., and Tavant Technologies Inc.
Nucleus Software Exports Ltd:
One of the leading providers of lending and transactions banking products to the global financial leaders, came out with their latest release of FinnOne Neo. It aims at expansion of solution to cater to wider lending business segment.
Global Digital Lending Platform Market Company Profile
- Nucleus Software Exports Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Fiserv Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sigma Infosolutions
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ellie Mae Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Newgen Software Technologies Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Finantix S.P.A
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Intellect Design Arena Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Finastra Group Holdings Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Symitar Systems Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Tavant Technologies Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Digital Lending Platform Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- PORTER’s
- Investment Outlook
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Digital Lending Platform Strategies
- Key Questions this Study will Answer
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- By Component (Solution (Loan Origination, Decision Automation, Portfolio Management, Loan Servicing, Risk & Compliance Management, Loan Management, Business Process Management, and Others) and Services (Design and Implementation, Training & Education, Risk Assessment, Consulting, and Support & Maintenance)),
- By Deployment Mode (Cloud and On-premises),
- By Industry Vertical (Banking, Financial Services, Insurance, Credit Unions, Retail Banking, and P2P Lenders),
- By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Regional Analysis
- Regional Revenue Analysis
- Regional By segment Analysis
- Reasons for regional growth
- Key Player of particular region
- Countries Include in the report:
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- North America (U.S., Canada)
- Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
- Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)
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- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Competitive Overview
- Competitive Benchmarking
- Market Share Analysis
- Key Developments In The Global Digital Lending Platform Market
- Key Developments: Mergers & Acquisitions
- Key Developments: Collaboration
- Key Developments: Contracts & Agreements
- Key Developments: Expansion
- Key Developments: Product Developments
- Company Profiles
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- SWOT Analysis
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Nucleus Software Exports Limited, Fiserv Inc., Sigma Infosolutions, Ellie Mae Inc., Newgen Software Technologies Limited, Finantix S.P.A, Intellect Design Arena Limited, Finastra Group Holdings Limited, Symitar Systems Inc., and Tavant Technologies Inc.
- The Last Word
- Future Impact
- About Us
- Contact
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FAQs
The global digital lending platform market is segmented based on components, deployment mode, industry vertical, and region
Rising industrialization and growing number of smartphone users is the major factor driving growth of the global market.
The market in North America is expected to dominate the global market and is expected to continue its dominance over the forecast period.
Key players operating in the global digital lending platform market includes Nucleus Software Exports Limited, Fiserv Inc., Sigma Infosolutions, Ellie Mae Inc., Newgen Software Technologies Limited, Finantix S.P.A, Intellect Design Arena Limited, Finastra Group Holdings Limited, Symitar Systems Inc., and Tavant Technologies Inc.