openPR Logo
Press release

What are the Major Reasons for Rise in Digital Lending Platforms Market in Recent Period?

07-16-2021 08:12 AM CET | IT, New Media & Software

Press release from: Absolute Markets Insights

What are the Major Reasons for Rise in Digital Lending Platforms

Global Digital Lending Platforms Market by Current Industry Status, Growth Opportunities, Top Key Players, and Forecast till 2028 - A Report by Absolute Markets Insights

An erudite analysis of global Digital Lending Platforms Market has been recently added by Absolute Markets Insights to its comprehensive repository. The market study report is inclusive of present market scenarios, historical records, and future predictions. An accurate data of several market aspects such as type, size, application, and end user are included in the report for providing extensive business knowledge to readers. Moreover, the study provides a 360-degree overview of the competitive landscape of the industries. The report thus helps companies to gauge the threats and challenges faced by businesses.

Request for Sample Copy of This Report@ https://www.absolutemarketsinsights.com/request_sample.php?id=798

The market for loans has been a notable proponent for growth observed in the financial services sector. Governing authorities across various countries have studied and advocated the importance of financial lending for the upliftment of the economy in their operating regions. The concept and processes pertaining to financial lending has been observed to have reinvented over the years in order to improve the effectiveness of the lending practices and in turn, the revenue generated by the financial institutions. The development of lending processes has also been observed to have occurred owing to the widening of the user base related to the finances provided by the banking and non-banking financial institutions. A notable development in the lending processes is seen to be the digitization of the various procedures used by financial institutions in their operations. The adoption of digital lending platforms is a notable addition to the digital arsenal of the financial sector in order to facilitate their users with several funding options with minimal physical documentation and interactions. These platforms are observed to help in optimizing the processes across the loan origination, documentation up to the loan disbursal stage. These factors and the feature sets from the market offerings have been responsible for the growing awareness regarding the solutions offered by various companies in the global digital lending platforms market.

The outbreak of the novel coronavirus has created an adverse impact on the financial services industry on the global scale. Traditional forms of service delivery in the sector have been impacted, leading to losses. The companies in the financial services industry have been observed to utilize technological tools in order to increase the expanse of their operational areas and reach a wider customer base through this adoption. The use of digital lending platforms has allowed financial institutions to undertake the various processes in the lending journey without any contact with the customer and in an optimal manner. It is also expected that the trend would extend over the near future with more financial institutions targeting the use of digital lending platforms for enhancing the revenue generation capabilities across their operations, and hence showcases positive growth trajectory for digital lending platforms market in the coming years.

Enquiry Before Buying @ https://www.absolutemarketsinsights.com/enquiry_before_buying.php?id=798

Global digital lending platforms market was estimated to be US$ 5785.24 Mn in 2019 and is expected to grow at a CAGR of 16.25% during the forecast period (2020-2028). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
The detailed research study provides qualitative and quantitative analysis of digital lending platforms market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Key Findings of the Report:

• The offerings in the digital lending platforms market are classified majorly into solutions and services. Lending providers are observed to be procuring solutions for digital lending on a large scale. Development of solutions has been observed to occur with more focus on encompassing the various processes related to loan provision. Services provided by the market participants are focused on consulting and analytics services, to customize solutions in accordance with the specific requirements of the end users. Furthermore, the adoption of support services is observed to be growing at a steady rate over the recent years. These factors are expected to propel the digital lending platforms market towards sustained growth.

• The procurement of loans is observed to have grown over the years owing to various efforts from financial service providers related to reducing the barriers for loan procurement along with initiatives from governing authorities for creating a financial system wherein loans can be easily procured. This trend is observed to be prevalent for the consumer and commercial lending sector, which has encouraged the financial service providers to strengthen their infrastructure for an optimized lending process. These factors have been responsible for the growing adoption of digital lending platforms from various end users.

• The adoption of digital lending platforms has been observed to have grown in the recent years owing to the rapid shift towards digitization across the financial sector. Countries in the region of North America have been observed to be at the forefront in terms of technological adoption across a wide range of industry verticals. This trend is also observed to have trickled down to the adoption of digital lending platforms across the financial services industry. The demand for solutions and services in digital lending platforms market is observed to grow owing to the collaborations from market participants and end users for devising optimal market offerings. Furthermore, countries in the Asia Pacific region are observed to become a notable venture for the financial services industry, and facilitate the growth of digital lending platforms market over the next eight years.

• The major players operating in the digital lending platforms market are Abrigo, Blend, CU Direct, Ellie Mae, Inc., First American Financial Corporation (Docutech), FIS, Fiserv, Inc., Intellect Design Arena Ltd, Juris Technologies Sdn Bhd, Mambu, Newgen Software Technologies Limited, Nucleus Software Exports Ltd., Pegasystems Inc., Roostify, Sigma Infosolutions (LendFoundry), Tavant and Temenos Headquarters SA, among others.

Request for Customization@ https://www.absolutemarketsinsights.com/request_for_customization.php?id=798

Global Digital Lending Platforms Market:

• By Offerings
o Solutions
o Services
• Implementation Services
• Advisory & Consulting Services
• Support Services
• Others

• By Type
o Integrated
o Standalone
• Loan Origination
• Loan Servicing
• Debt Management
• Consumer Engagement & Aggregation
• Credit Reporting
• Risk and Compliance Management
• Document Management
• Others

• By Deployment
o On Premise
o Cloud Based
• By Application
o Consumer/Personal Loan
o Corporate Lending
o SME Lending
o Agriculture Lending
o Residential Lending
o Automotive Loan
o Working Capital Funding
o Others

• By Organization Size
o Small and Medium Enterprises
o Large Enterprises

• By End Users
o Banks
o Insurance Companies
o Credit Unions
o Peer-to-Peer (P2P) Lending
o Others

• By Region:
o North America
• U.S.
• Canada
• Mexico
• Rest of North America
o Europe
• France
• The UK
• Spain
• Germany
• Italy
• Nordic Countries
 Denmark
 Finland
 Iceland
 Sweden
 Norway
• Benelux Union
 Belgium
 The Netherlands
 Luxembourg
• Rest of Europe
o Asia Pacific
• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Southeast Asia
 Indonesia
 Thailand
 Malaysia
 Singapore
 Rest of Southeast Asia
• Rest of Asia Pacific
o Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of Middle East & Africa
o Latin America
• Brazil
• Argentina
• Rest of Latin America

Get Full Information of this premium report@ https://www.absolutemarketsinsights.com/reports/Digital-Lending-Platforms-2020-%E2%80%93-2028-798

Contact Us:

Email id: sales@absolutemarketsinsights.com
Contact Name: Shreyas Tanna
Phone: +91-740-024-2424

About Us:

Absolute Markets Insights strives to be your main man in your business resolve by giving you insight into your products, market, marketing, competitors, and customers. Visit …

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What are the Major Reasons for Rise in Digital Lending Platforms Market in Recent Period? here

News-ID: 2329941 • Views:

More Releases from Absolute Markets Insights

Gesture Recognition Market Present Scenario and Growth Prospects 2023-2031| Google Inc., Microsoft Corporation, Apple Inc., and Qualcomm Technologies Inc.
Gesture Recognition Market Present Scenario and Growth Prospects 2023-2031| Goog …
The latest report, Global Gesture Recognition Market by Absolute Markets Insights is analyzed and researched on the basis of the comprehensive analysis of the global market. The report focuses on key market-related aspects including market segmentation, geographic segmentation, dynamics, and other market growth factors. The report contains detailed analysis of the distinct industrial growth strategies, which helps to determine the dominant segments and to know about different factors. The scope
Blockchain Identity Management Market to Reach a Valuation of USD 60 million by 2031 Research on Latest Technologies by Absolute Markets Insights
Blockchain Identity Management Market to Reach a Valuation of USD 60 million by …
Global Blockchain Identity Management Market Report is a compilation of comprehensive research studies on various aspects of the Blockchain Identity Management Market. With accurate data and highly authentic information, it makes a brilliant attempt to provide a real, transparent picture of current and future situations of the global Blockchain Identity Management Market. Market participants can use this powerful tool when creating effective business plans or making important changes to their
Payment Software Market Size Revenue to Cross USD 510 million by 2031: Absolute Markets Insights
Payment Software Market Size Revenue to Cross USD 510 million by 2031: Absolute …
Global Payment Software Market was valued at USD 240 million in 2023 and is anticipated to exceed USD 510 million by 2031. The Global Payment Software Market Report studies extensive evaluation of the market growth predictions and restrictions. The strategies range from new product launches, expansions, agreements, joint ventures, partnerships, to acquisitions. This report comprises of a deep knowledge and information on what the market's definition, classifications, applications, and engagements and
Artificial Intelligence in Healthcare Market Size Worth USD 5,310.31 Million By 2031 | CAGR 48.29 %: Absolute Markets Insights
Artificial Intelligence in Healthcare Market Size Worth USD 5,310.31 Million By …
A New Market study by Absolute Markets Insights on the Global Artificial Intelligence in Healthcare Market has been released with reliable information and accurate forecasts for a better understanding of the current and future market scenarios. The report offers an in-depth analysis of the global market, including qualitative and quantitative insights, historical data, and estimated projections about the market size and share in the forecast period. The forecasts mentioned in

All 5 Releases


More Releases for Lending

P2p Lending Market | Industry Overview 2021 | Worldwide Companies- CircleBack Le …
P2p Lending Market report will provide one with overall market analysis, statistics, various trends, drivers, opportunities, restraints, and every minute data relating to the Synthetic Fibers market necessary for forecasting its revenue, factors propelling & growth. The P2p Lending market study provides unique guidance in thoughtful details regarding the development factors and has used a top-down and bottom-up approach to keep it error-free and accurate. Our expert analysts have used
Peer-to-peer Lending – Growing Popularity and Emerging Trends in the Market | …
Global Peer-to-peer Lending Market Size, Status and Forecast 2018-2025 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Peer-to-peer Lending Market. Some of the key players profiled in the study are CircleBack Lending, Lending
P2P Lending Market is Thriving Worldwide | CircleBack Lending, Lending Club, Pee …
Global P2P Lending Market Size, Status and Forecast 2025 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global P2P Lending Market. Some of the key players profiled in the study are CircleBack Lending, Lending
P2P Lending 2018 Global Market Key Players – CircleBack Lending, Lending Club, …
P2P Lending Market 2018    Wiseguyreports.Com Adds “P2P Lending – Global Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2025” To Its Research Database. Description:  This report studies the global P2P Lending market, analyzes and researches the P2P Lending development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like CircleBack Lending  Lending Club  Peerform  Prosper  Upstart  Funding Circle  PwC  SoFi  LendingTree  GuidetoLenders  EvenFinacial  Creditease Request for Sample Report@ https://www.wiseguyreports.com/sample-request/2842620-global-p2p-lending-market-size-status-and-forecast-2025 Market segment by Regions/Countries,
Global Peer-to-peer Lending Market 2018: Key Players – CircleBack Lending, Len …
Summary WiseGuyReports.com adds “Peer-to-peer Lending Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database. This report provides in depth study of “Peer-to-peer Lending Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Peer-to-peer Lending Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as
P2P Lending 2018 Global Market Key Players – CircleBack Lending, Lending Club, …
P2P Lending Market 2018    Wiseguyreports.Com Adds “P2P Lending – Global Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2025” To Its Research Database. Description:  This report studies the global P2P Lending market, analyzes and researches the P2P Lending development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like CircleBack Lending  Lending Club  Peerform  Prosper  Upstart  Funding Circle  PwC  SoFi  LendingTree  GuidetoLenders  EvenFinacial  Creditease Request for Sample Report@ https://www.wiseguyreports.com/sample-request/2842620-global-p2p-lending-market-size-status-and-forecast-2025 Market segment by Regions/Countries,