Press release
LendTech Market is Estimated to Reach USD 59.96 Billion By 2030: Cognitive Market Research
LendTech Market is Estimated to Reach USD 59.96 Billion By 2030: Cognitive Market Research
Lend-Tech is a safe online method offering loans and other financial services to customers. LendTech loans serve as a digital platform through which banks and other lending organizations offer loans. The advantages of digital lending platforms include improved loan optimization of the loan process, speedier decision-making, compliance with regulations and norms, and greater company efficiency.
Summary:
• Global LendTech Market Size Was Valued at USD 10.14 Billion In 2022 And Is Expected to Grow at A CAGR Of 22.41 % During the Forecast Period, Reaching USD 59.96 Billion By 2030.
• Based on type, the consumer lending segment has the largest revenue share in the LendTech market.
• Based on end users, the banks' segment has the largest revenue share in the LendTech market.
• North America has the largest revenue share in the LendTech market.
To know more The LendTech Market statistics click here: https://www.cognitivemarketresearch.com/lendtech-market-report
Market Dynamics:
Increasing adoption of technology by all levels of lending service providers, the lend tech is widely preferred by banks is the key factor expected to drive the growth of the LendTech market. Furthermore, the leading industry is introducing a gradual shift toward a digital economy across several countries is projected to create growth opportunities for the global LendTech market. However, over-indebtedness and heavy reliance on technology & internet access hinder the growth of the LendTech market.
Market Segmentation:
Type:
• Consumer Lending
• Business Lending
Based on type, the consumer lending segment has the largest revenue share in the LendTech market. This is due to the increasing the FinTech companies offering online lending services and the introduction of rules by the government to encourage lender transparency projected to the growth of this segment.
Component:
• Solution
• Services
Based on components, the services segment has the largest revenue share in the LendTech market. This is due to increasing financial institutions' demand for a design & implementation framework to support the adoption of digital platforms expected to drive the growth of the services segment.
Deployment Mode:
• On-Premises
• Cloud
Based on deployment mode, the on-premises segment has the largest revenue share in the LendTech market. This is due to on-premise platforms enabling businesses to complete control over their data, decide the system changes and upgrades, and have low-cost availability as well as a user-friendly nature.
Organization Size:
• Large Enterprises
• Small and Medium-sized Enterprises
Based on organization size, the large enterprise segment has the largest revenue share in the LendTech market. This is attributed to larger enterprises having more assets than smaller counterparts, and using these assets to get a company loan or line of credit.
End User:
• Banks
• Credit Unions
• NBFCs
Based on end users, the banks' segment has the largest revenue share in the LendTech market. This is due to banking institutions providing lend tech which generally involves advice and execution of transactions on behalf of affluent clients anticipated to drive the growth of this segment.
Competitive Analysis for LendTech Market: Visa Inc, American Express Company, Finastra, Q2 Software Inc, Newgen Software Technologies Limited, fis, Pegasystems Inc, Fiserv Inc, Nelito Systems Pvt Ltd, Roostify Inc
Get free sample pages of latest published LendTech Market Report: https://www.cognitivemarketresearch.com/lendtech-market-report
North America accounted for the largest share of the LendTech market
North America has the largest revenue share in the LendTech market. This is due to the increasing demand for LendTech in lending businesses for lending technology solutions in the region.
News:
Paytm has announced a complete partnership with Fullerton India
in January 2022, Paytm announced a complete partnership with Fullerton India, a non-banking financial company. Through this partnership, the former company aims to expand digital lending to micro, small, and medium enterprises and consumers from smaller towns and cities in India.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global LendTech Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 LendTech Market Segmentation
1.5.1 LendTech Market Regional Fragmentation
1.5.1 LendTech Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of LendTech Market
• 3.1 Global LendTech Market Size 2018 - 2030, (USD Million)
• 3.2 Global LendTech Market Statistics 2022: Snapshot
Chapter 4 Global LendTech Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global LendTech Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global LendTech Market by End User Segmentation Analysis (2018-2030)
Chapter 10 Global LendTech Market by Component Segmentation Analysis (2018-2030)
Chapter 11 Global LendTech Market by Deployment Mode Segmentation Analysis (2018-2030)
Chapter 12 Global LendTech Market by Organization Size Segmentation Analysis (2018-2030)
Chapter 13 Global LendTech Market Regional Analysis
Chapter 14 North America LendTech Market Outlook (2018 - 2030)
Chapter 15 Europe LendTech Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific LendTech Market Outlook (2018 - 2030)
Chapter 17 Latin America LendTech Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa LendTech Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customized/Exclusive Report Access on Request
To know more LendTech Market TOC click here: https://www.cognitivemarketresearch.com/lendtech-market-report#table_of_contents
Related Report:
• Digital Lending Platform Market- https://www.cognitivemarketresearch.com/digital-lending-platform-market-report
• Lenders Mortgage Insurance Market- https://www.cognitivemarketresearch.com/lenders-mortgage-insurance-market-report
• Loan Origination & Servicing Software Market- https://www.cognitivemarketresearch.com/loan-origination-%26-servicing-software-market-report
• Lending And Payment Market- https://www.cognitivemarketresearch.com/lending-and-payment-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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