Global LendTech Market Size study & Forecast, by Component, by Deployment Mode, by Type, by Organization Size, by End-User and Regional Analysis, 2022-2029

Description

List of Tables

Global LendTech Market is valued at approximately USD 8 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 23.2% over the forecast period 2022-2029. LendTech refers to the application of an intuitive loan point-of-sale platform from banks, credit unions, and private lenders connecting to borrowers. There are certain benefits offered by digital lending platforms, including improved loan optimization, quicker decision-making, compliance with regulations and norms, and greater company efficiency. The increasing unmet financing needs of SMEs and growing internet penetration and adoption of smartphone devices are key factors driving the market growth.

With the rise of startup culture, the unmet financing needs of SMEs are increasing which is likely to drive the adoption of LendTech platforms and services over the forecast period. For instance - as per International Finance Corporation (IFC) estimates, 65 million businesses, or 40% of formal micro, small, and medium-sized enterprises (MSMEs) in developing nations, have an annual unmet financing need of $5.2 trillion, or 1.4 times the amount of worldwide MSME lending at present. The largest portion of the global finance gap (46%) is accounted for by East Asia and the Pacific, which is followed by Latin America and the Caribbean (23%) and Europe and Central Asia (15%). The gap volume varies greatly from one place to another. Particularly in the Middle East and North Africa, Latin America, the Caribbean, and the Caribbean have the largest ratios of the funding gap to potential demand, 87% and 88%, respectively. Also, growing digitization in BFSI sector and rising adoption of cloud services and automation in the lending process would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of LendTech platforms and services stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global LendTech Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing spending on digitization from leading banks and credit unions as well as presence of leading market players in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising expansion of digital banking units and growing emergence of private sector banks and non-banking financial institutions in the region.

Major market players included in this report are:

Visa Inc.
American Express Company
Finastra
Q2 Software, Inc.
Newgen Software Technologies Limited
Fis
Pegasystems Inc.
Fiserv, Inc.
Nelito Systems Pvt. Ltd.
Roostify, Inc.

Recent Developments in the Market:

In January 2023, BUSINESSNEXT, launched its cloud-based Digital Lending Platform 3.0. Leveraging AI-driven automation, code-less digital journey designers, and private cloud landing zones. The platform aims to provide end-to-end modernized lending solutions with absolute regulatory compliance to deliver a superfast lending experience for banks and NBFCs.

Global LendTech Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Component, Deployment Mode, Type, Organization Size, End-User, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Component

Solution
Services

By Deployment Mode

On-Premises
Cloud

By Type

Consumer Lending
Business Lending

By Organization Size

Large Enterprises
Small and Medium-sized Enterprises

By End-User

Banks
Credit Unions
NBFCs

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. LendTech Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. LendTech Market, by Component, 2019-2029 (USD Billion)
- 1.2.3. LendTech Market, by Deployment Mode, 2019-2029 (USD Billion)
- 1.2.4. LendTech Market, by Type, 2019-2029 (USD Billion)
- 1.2.5. LendTech Market, by Organization Size, 2019-2029 (USD Billion)
- 1.2.6. LendTech Market, by End-User, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global LendTech Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global LendTech Market Dynamics

3.1. LendTech Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing unmet financing needs of SMEs
  - 3.1.1.2. Growing internet penetration and adoption of smartphone devices
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of LendTech platforms
- 3.1.3. Market Opportunities
  - 3.1.3.1. Growing digitization in BFSI sector
  - 3.1.3.2. Rising adoption of cloud services and automation in the lending process

Chapter 4. Global LendTech Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global LendTech Market, by Component

6.1. Market Snapshot
6.2. Global LendTech Market by Component, Performance - Potential Analysis
6.3. Global LendTech Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
6.4. LendTech Market, Sub Segment Analysis
- 6.4.1. Solution
- 6.4.2. Services

Chapter 7. Global LendTech Market, by Deployment Mode

7.1. Market Snapshot
7.2. Global LendTech Market by Deployment Mode, Performance - Potential Analysis
7.3. Global LendTech Market Estimates & Forecasts by Deployment Mode 2019-2029 (USD Billion)
7.4. LendTech Market, Sub Segment Analysis
- 7.4.1. On premises
- 7.4.2. Cloud

Chapter 8. Global LendTech Market, by Type

8.1. Market Snapshot
8.2. Global LendTech Market by Type, Performance - Potential Analysis
8.3. Global LendTech Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
8.4. LendTech Market, Sub Segment Analysis
- 8.4.1. Consumer Lending
- 8.4.2. Business Lending

Chapter 9. Global LendTech Market, by Organization Size

9.1. Market Snapshot
9.2. Global LendTech Market by Organization Size, Performance - Potential Analysis
9.3. Global LendTech Market Estimates & Forecasts by Organization Size 2019-2029 (USD Billion)
9.4. LendTech Market, Sub Segment Analysis
- 9.4.1. Large Enterprises
- 9.4.2. Small & Medium Enterprises

Chapter 10. Global LendTech Market, by End-User

10.1. Market Snapshot
10.2. Global LendTech Market by End-User, Performance - Potential Analysis
10.3. Global LendTech Market Estimates & Forecasts by End-User 2019-2029 (USD Billion)
10.4. LendTech Market, Sub Segment Analysis
- 10.4.1. Banks
- 10.4.2. Credit Unions
- 10.4.3. NBFCs

Chapter 11. Global LendTech Market, Regional Analysis

11.1. LendTech Market, Regional Market Snapshot
11.2. North America LendTech Market
- 11.2.1. U.S. LendTech Market
  - 11.2.1.1. Component breakdown estimates & forecasts, 2019-2029
  - 11.2.1.2. Deployment Mode breakdown estimates & forecasts, 2019-2029
  - 11.2.1.3. Type breakdown estimates & forecasts, 2019-2029
  - 11.2.1.4. Organization Size breakdown estimates & forecasts, 2019-2029
  - 11.2.1.5. End-User breakdown estimates & forecasts, 2019-2029
- 11.2.2. Canada LendTech Market
11.3. Europe LendTech Market Snapshot
- 11.3.1. U.K. LendTech Market
- 11.3.2. Germany LendTech Market
- 11.3.3. France LendTech Market
- 11.3.4. Spain LendTech Market
- 11.3.5. Italy LendTech Market
- 11.3.6. Rest of Europe LendTech Market
11.4. Asia-Pacific LendTech Market Snapshot
- 11.4.1. China LendTech Market
- 11.4.2. India LendTech Market
- 11.4.3. Japan LendTech Market
- 11.4.4. Australia LendTech Market
- 11.4.5. South Korea LendTech Market
- 11.4.6. Rest of Asia Pacific LendTech Market
11.5. Latin America LendTech Market Snapshot
- 11.5.1. Brazil LendTech Market
- 11.5.2. Mexico LendTech Market
- 11.5.3. Rest of Latin America LendTech Market
11.6. Rest of The World LendTech Market

Chapter 12. Competitive Intelligence

12.1. Top Market Strategies
12.2. Company Profiles
- 12.2.1. Visa Inc.
  - 12.2.1.1. Key Information
  - 12.2.1.2. Overview
  - 12.2.1.3. Financial (Subject to Data Availability)
  - 12.2.1.4. Product Summary
  - 12.2.1.5. Recent Developments
- 12.2.2. American Express Company
- 12.2.3. Finastra
- 12.2.4. Q2 Software, Inc.
- 12.2.5. Newgen Software Technologies Limited
- 12.2.6. Fis
- 12.2.7. Pegasystems Inc.
- 12.2.8. Fiserv, Inc.
- 12.2.9. Nelito Systems Pvt. Ltd.
- 12.2.10. Roostify, Inc.

Chapter 13. Research Process

13.1. Research Process
- 13.1.1. Data Mining
- 13.1.2. Analysis
- 13.1.3. Market Estimation
- 13.1.4. Validation
- 13.1.5. Publishing
13.2. Research Attributes
13.3. Research Assumption

LIST OF TABLES

TABLE 1. Global LendTech Market, report scope
TABLE 2. Global LendTech Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global LendTech Market estimates & forecasts by Component 2019-2029 (USD Billion)
TABLE 4. Global LendTech Market estimates & forecasts by Deployment Mode 2019-2029 (USD Billion)
TABLE 5. Global LendTech Market estimates & forecasts by Type 2019-2029 (USD Billion)
TABLE 6. Global LendTech Market estimates & forecasts by Organization Size 2019-2029 (USD Billion)
TABLE 7. Global LendTech Market estimates & forecasts by End-User 2019-2029 (USD Billion)
TABLE 8. Global LendTech Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global LendTech Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global LendTech Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global LendTech Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global LendTech Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global LendTech Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global LendTech Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global LendTech Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. Global LendTech Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. Global LendTech Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 18. U.S. LendTech Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 19. U.S. LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. U.S. LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada LendTech Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 22. Canada LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. Canada LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK LendTech Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 25. UK LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. UK LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany LendTech Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 28. Germany LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. Germany LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France LendTech Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 31. France LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. France LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy LendTech Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 34. Italy LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. Italy LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain LendTech Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 37. Spain LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. Spain LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE LendTech Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 40. RoE LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. RoE LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China LendTech Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 43. China LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. China LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India LendTech Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 46. India LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. India LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan LendTech Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 49. Japan LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. Japan LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea LendTech Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 52. South Korea LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. South Korea LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia LendTech Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 55. Australia LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. Australia LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC LendTech Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 58. RoAPAC LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. RoAPAC LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil LendTech Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 61. Brazil LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. Brazil LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico LendTech Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 64. Mexico LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. Mexico LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA LendTech Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 67. RoLA LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. RoLA LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row LendTech Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 70. Row LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 71. Row LendTech Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 72. List of secondary sources, used in the study of global LendTech Market
TABLE 73. List of primary sources, used in the study of global LendTech Market
TABLE 74. Years considered for the study
TABLE 75. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global LendTech Market, research methodology
FIG 2. Global LendTech Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global LendTech Market, key trends 2021
FIG 5. Global LendTech Market, growth prospects 2022-2029
FIG 6. Global LendTech Market, porters 5 force model
FIG 7. Global LendTech Market, pest analysis
FIG 8. Global LendTech Market, value chain analysis
FIG 9. Global LendTech Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global LendTech Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global LendTech Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global LendTech Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global LendTech Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global LendTech Market, regional snapshot 2019 & 2029
FIG 15. North America LendTech Market 2019 & 2029 (USD Billion)
FIG 16. Europe LendTech Market 2019 & 2029 (USD Billion)
FIG 17. Asia Pacific LendTech Market 2019 & 2029 (USD Billion)
FIG 18. Latin America LendTech Market 2019 & 2029 (USD Billion)
FIG 19. Global LendTech Market, company Market share analysis (2021)