Press release
Digital Lending Platform Market Estimated to Reach US$ 20.3 Billion Globally By 2022-2027- IMARC Group
The global digital lending platform market reached a value of US$ 8.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 20.3 Billion by 2027, exhibiting a CAGR of 15.15% during 2022-2027. A digital lending platform (DLP) refers to a mortgage point-of-sale (POS) application that enables easy access to financial services and products. It generally relies on web programs and mobile applications for debt management. DLP offers several benefits, including improved efficiency, swift decision making, a simple application process, superior loan distribution rates, etc. Presently, numerous organizations are introducing next-generation devices and end-to-end cloud-based loan granting platforms. As such, advanced payment patterns are encouraging financial institutions to employ DLP tools to deliver quick services, enhance revenue, and improve productivity.
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Important Attribute and highlights of the Report:
Detailed analysis of the global market share
Market Segmentation by type, component, deployment model and industry vertical.
Historical, current, and projected size of the market in terms of volume and value
Latest industry trends and developments
Competitive Landscape for Digital Lending Platform Market
Strategies of major players and product offerings
Market Trends:
The expanding adoption of DLP in the banking, financial services and insurance (BFSI) industry and the escalating demand for online banking services among consumers are among the key factors driving the digital lending platform market. Furthermore, the rising usage of digital channels across financial institutions to lend loans and resolve various challenges, on account of the sudden outbreak of the COVID-19 pandemic, is also propelling the market growth. Besides this, the inflating emphasis on digital automation and the growing utilization of data analytics, blockchain, machine learning (ML), artificial intelligence (AI), etc., to avoid frauds are acting as significant growth-inducing factors. Additionally, the increasing need for convenient e-signing services that require minimal paperwork and the elevating smartphone usage levels are anticipated to catalyze the digital lending platform market over the forecasted period.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Black Knight Inc.
Finastra
FIS
Fiserv Inc.
Intellect Design Arena Ltd
Intercontinental Exchange Inc.
Nucleus Software Exports Ltd.
Pegasystems Inc.
Roostify Inc.
Tavant Technologies and Wipro Limited
Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/digital-lending-platform-market
COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Breakup by Type:
Loan Origination
Decision Automation
Collections and Recovery
Risk and Compliance Management
Others
Breakup by Component:
Solutions
Services
Breakup by Deployment Model:
On-premises
Cloud-based
Breakup by Industry Vertical:
Banks
Insurance Companies
Credit Unions
Savings and Loan Associations
Peer-to-Peer Lending
Others
Breakup by Region:
Middle East and Africa
North America
Asia-Pacific
Europe
Latin America
TOC for the Digital Lending Platform Market Research Report:
Preface
Scope and Methodology
Executive Summary
Introduction
Global Digital Lending Platform Market
SWOT Analysis
Value Chain Analysis
Price Analysis
Competitive Landscape
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Contact US:
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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