PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1391748
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1391748
India Digital Lending Platform Market, By Solution ; By Service ; By Deployment ; By End User ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
India Digital Lending Platform Market Size Zooming 2.3X at Robust CAGR of 15.44% to Touch USD 148 Million by 2029
India digital lending platform market is flourishing because of the growing adoption of digital channels to improve customer experience and further deepening penetration of internet, mobile internet, and smartphones.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India digital lending platform market size at USD 62.55 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the India digital lending platform market size to boom at a robust CAGR of 15.44% reaching a value of USD 148 million by 2029. Major growth drivers for the India digital lending platform market include the deepening internet and smartphone penetration and increasing adoption of digital channels. As more customers use digital channels via smartphones and increased internet access, these platforms are essential for 40-60% of loan acquisition transactions across various loan categories. Commercial banks are also actively participating, offering digital lending services or collaborating with Non-Banking Financial Companies (NBFCs) to create synergies. Digital lending companies streamline processes, requiring only a reference bank account for loan disbursement, leading to a significant increase in loans processed through digital channels. The popularity of Buy Now Pay Later (BNPL) schemes, especially among younger consumers, is contributing to substantial growth in the India digital lending platform market. However, cybersecurity threats is anticipated to restrain the overall market growth during the forecast period.
India Digital Lending Platform Market - Overview
The India digital lending platform market refers to the sector within India's financial industry that specializes in providing digital solutions and platforms for the lending and borrowing funds. These platforms leverage technology, such as mobile apps and web-based applications, to facilitate the entire lending process, from loan application and approval to disbursement and repayment. They may offer a wide range of financial products, including personal loans, business loans, consumer credit, and more, often using data analytics and innovative business models to assess creditworthiness and streamline the lending experience. The market is characterized by its rapid growth, driven by the increasing use of smartphones, internet penetration, and the adoption of advanced technologies like Artificial Intelligence (AI).
Impact of COVID-19 on India Digital Lending Platform Market
COVID-19 pandemic adversely affected the India digital lending platform market. In its initial stages, it brought challenges, including an increase in lender defaults, growing counterparty and operational risks, and a significant credit crunch for Non-Banking Financial Companies (NBFCs). The period from 2013 to 2019 saw a rise in gross non-performing assets of NBFCs from 3.6% to 6.6%. However, the pandemic also spurred innovations and adaptation within the digital lending sector, driven by the need for contactless transactions and remote services. Many platforms adopted stringent risk assessment models and incorporated alternative data sources to evaluate borrower creditworthiness. Also, co-lending, a marketplace model, emerged as a response to mitigate risks and improve credit flow. In the long run, the pandemic accelerated the digital transformation of the lending industry, making it more resilient and adaptable to changing circumstances.
India Digital Lending Platform Market - By Deployment
Based on deployment, the India digital lending platform market is bifurcated into On-Premises and Cloud segments. The cloud segment dominates the India digital lending platform market primarily due to its scalability, cost-efficiency, and accessibility. Cloud-based solutions offer greater flexibility and the ability to rapidly adapt to changing market demands. They eliminate the need for extensive infrastructure investments and provide remote access, making them more suitable for the digital lending industry's dynamic and evolving landscape. Also, cloud-based platforms facilitate faster deployments, which align with the fast-paced nature of the digital lending sector, giving them a competitive edge over on-premises solutions.
Competitive Landscape
Major players operating in the India digital lending platform market include: Ellie Mae, Inc., FIS, Fiserv, Inc., Newgen Software, Nucleus Software, Pegasystems Inc., and Roostify. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the India Digital Lending Platform Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Digital Lending Platform Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Digital Lending Platform Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing adoption of digital channels to improve customer experience
- 3.2.1.2. Increasing internet and smartphone penetration
- 3.2.2. Restraints
- 3.2.2.1. Cybersecurity threats
- 3.2.3. Opportunities
- 3.2.3.1. Advancements in technology
- 3.2.4. Challenges
- 3.2.4.1. Data privacy and security concerns
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Digital Lending Platform Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Solution
- 4.2.1.1. Business Process Management
- 4.2.1.2. Lending Analytics
- 4.2.1.3. Loan Management
- 4.2.1.4. Loan Origination
- 4.2.1.5. Risk & Compliance Management
- 4.2.1.6. Others
- 4.2.2. By Service
- 4.2.2.1. Design & Implementation
- 4.2.2.2. Training & Education
- 4.2.2.3. Risk Assessment
- 4.2.2.4. Consulting
- 4.2.2.5. Support & Maintenance
- 4.2.3. By Deployment
- 4.2.3.1. On-premises
- 4.2.3.2. Cloud
- 4.2.4. By End User
- 4.2.4.1. Banks
- 4.2.4.2. Insurance Companies
- 4.2.4.3. Credit Unions
- 4.2.4.4. Savings & Loan Associations
- 4.2.4.5. Peer-to-Peer Lending
- 4.2.4.6. Others
- 4.2.5. By Region
- 4.2.5.1. North India
- 4.2.5.2. South India
- 4.2.5.3. East India
- 4.2.5.4. West India
- 4.2.1. By Solution
5. North India Digital Lending Platform Market
- 5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Solution
- 5.2.2. By Service
- 5.2.3. By Deployment
- 5.2.4. By End User
6. South India Digital Lending Platform Market
- 6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Solution
- 6.2.2. By Service
- 6.2.3. By Deployment
- 6.2.4. By End User
7. East India Digital Lending Platform Market
- 7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Solution
- 7.2.2. By Service
- 7.2.3. By Deployment
- 7.2.4. By End User
8. West India Digital Lending Platform Market
- 8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Solution
- 8.2.2. By Service
- 8.2.3. By Deployment
- 8.2.4. By End User
9. Competitive Landscape
- 9.1. List of Key Players and Their Offerings
- 9.2. India Digital Lending Platform Company Market Share Analysis, 2022
- 9.3. Competitive Benchmarking, By Operating Parameters
- 9.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
10. Impact of Covid-19 on India Digital Lending Platform Market
11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 11.1. Ellie Mae, Inc.
- 11.2. FIS
- 11.3. Fiserv, Inc.
- 11.4. Newgen Software
- 11.5. Nucleus Software
- 11.6. Pegasystems Inc.
- 11.7. Roostify
- 11.8. Other Prominent Players
12. Key Strategic Recommendations
13. Research Methodology
- 13.1. Qualitative Research
- 13.1.1. Primary & Secondary Research
- 13.2. Quantitative Research
- 13.3. Market Breakdown & Data Triangulation
- 13.3.1. Secondary Research
- 13.3.2. Primary Research
- 13.4. Breakdown of Primary Research Respondents, By Country
- 13.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 India Digital Lending Platform Segmentation
- Figure 2 India Digital Lending Platform Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 India Digital Lending Platform Market Size, By Value (USD Million), 2019-2029
- Figure 5 India Digital Lending Platform Market Share, By Solution, By Value, 2019-2029
- Figure 6 India Digital Lending Platform Market Share, By Service, By Value, 2019-2029
- Figure 7 India Digital Lending Platform Market Share, By Deployment, By Value, 2019-2029
- Figure 8 India Digital Lending Platform Market Share, By End User, By Value, 2019-2029
- Figure 9 North India Digital Lending Platform Market Size, By Value (USD Million), 2019-2029
- Figure 10 North India Digital Lending Platform Market Share, By Solution, By Value, 2019-2029
- Figure 11 North India Digital Lending Platform Market Share, By Service, By Value, 2019-2029
- Figure 12 North India Digital Lending Platform Market Share, By Deployment, By Value, 2019-2029
- Figure 13 North India Digital Lending Platform Market Share, By End User, By Value, 2019-2029
- Figure 14 South India Digital Lending Platform Market Size, By Value (USD Million), 2019-2029
- Figure 15 South India Digital Lending Platform Market Share, By Solution, By Value, 2019-2029
- Figure 16 South India Digital Lending Platform Market Share, By Service, By Value, 2019-2029
- Figure 17 South India Digital Lending Platform Market Share, By Deployment, By Value, 2019-2029
- Figure 18 South India Digital Lending Platform Market Share, By End User, By Value, 2019-2029
- Figure 19 East India Digital Lending Platform Market Size, By Value (USD Million), 2019-2029
- Figure 20 East India Digital Lending Platform Market Share, By Solution, By Value, 2019-2029
- Figure 21 East India Digital Lending Platform Market Share, By Service, By Value, 2019-2029
- Figure 22 East India Digital Lending Platform Market Share, By Deployment, By Value, 2019-2029
- Figure 23 East India Digital Lending Platform Market Share, By End User, By Value, 2019-2029
- Figure 24 West India Digital Lending Platform Market Size, By Value (USD Million), 2019-2029
- Figure 25 West India Digital Lending Platform Market Share, By Solution, By Value, 2019-2029
- Figure 26 West India Digital Lending Platform Market Share, By Service, By Value, 2019-2029
- Figure 27 West India Digital Lending Platform Market Share, By Deployment, By Value, 2019-2029
- Figure 28 West India Digital Lending Platform Market Share, By End User, By Value, 2019-2029
List of Tables
- Table 1 India Digital Lending Platform Market Size, By Value (USD Million), 2019-2029
- Table 2 India Digital Lending Platform Market Size, By Solution, By Value, 2019-2029
- Table 3 India Digital Lending Platform Market Size, By Service, By Value, 2019-2029
- Table 4 India Digital Lending Platform Market Size, By Deployment, By Value, 2019-2029
- Table 5 India Digital Lending Platform Market Size, By End User, By Value, 2019-2029
- Table 6 North India Digital Lending Platform Market Size, By Value (USD Million), 2019-2029
- Table 7 North India Digital Lending Platform Market Size, By Solution, By Value, 2019-2029
- Table 8 North India Digital Lending Platform Market Size, By Service, By Value, 2019-2029
- Table 9 North India Digital Lending Platform Market Size, By Deployment, By Value, 2019-2029
- Table 10 North India Digital Lending Platform Market Size, By End User, By Value, 2019-2029
- Table 11 South India Digital Lending Platform Market Size, By Value (USD Million), 2019-2029
- Table 12 South India Digital Lending Platform Market Size, By Solution, By Value, 2019-2029
- Table 13 South India Digital Lending Platform Market Size, By Service, By Value, 2019-2029
- Table 14 South India Digital Lending Platform Market Size, By Deployment, By Value, 2019-2029
- Table 15 South India Digital Lending Platform Market Size, By End User, By Value, 2019-2029
- Table 16 East India Digital Lending Platform Market Size, By Value (USD Million), 2019-2029
- Table 17 East India Digital Lending Platform Market Size, By Solution, By Value, 2019-2029
- Table 18 East India Digital Lending Platform Market Size, By Service, By Value, 2019-2029
- Table 19 East India Digital Lending Platform Market Size, By Deployment, By Value, 2019-2029
- Table 20 East India Digital Lending Platform Market Size, By End User, By Value, 2019-2029
- Table 21 West India Digital Lending Platform Market Size, By Value (USD Million), 2019-2029
- Table 22 West India Digital Lending Platform Market Size, By Solution, By Value, 2019-2029
- Table 23 West India Digital Lending Platform Market Size, By Service, By Value, 2019-2029
- Table 24 West India Digital Lending Platform Market Size, By Deployment, By Value, 2019-2029
- Table 25 West India Digital Lending Platform Market Size, By End User, By Value, 2019-2029
- Table 26 Ellie Mae, Inc. Company Overview
- Table 27 Ellie Mae, Inc. Financial Overview
- Table 28 FIS Company Overview
- Table 29 FIS Financial Overview
- Table 30 Fiserv, Inc. Company Overview
- Table 31 Fiserv, Inc. Financial Overview
- Table 32 Newgen Software Company Overview
- Table 33 Newgen Software Financial Overview
- Table 34 Nucleus Software Company Overview
- Table 35 Nucleus Software Financial Overview
- Table 36 Pegasystems Inc. Company Overview
- Table 37 Pegasystems Inc. Financial Overview
- Table 38 Roostify Company Overview
- Table 39 Roostify Financial Overview
