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PUBLISHER: The Business Research Company | PRODUCT CODE: 1249035

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1249035

Digital Lending Platform Global Market Report 2023

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PAGES: 200 Pages
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“Digital Lending Platform Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on digital lending platform market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for digital lending platform? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The digital lending platform market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Loan Origination; Decision Automation; Collections And Recovery; Risk And Compliance Management; Other Types

2) By Component: Software; Service

3) By Deployment Model: On-Premise; Cloud

4) By Industry Vertical: Banks; Insurance Companies; Credit Unions; Savings And Loan Associations; Peer-To-Peer Lending; Other Industry Verticals

Companies Mentioned: ICE Mortgage Technology Inc; Fiserv Inc; Nucleus Software Exports Limited; Newgen Software Technologies Ltd; Intellect Design Arena Ltd

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the digital lending platform market are: ICE Mortgage Technology Inc., Fiserv Inc., Nucleus Software Exports Limited, Newgen Software Technologies Ltd., Intellect Design Arena Ltd., Temenos AG, Pegasystems Inc., Sigma Infosolutions Ltd., Finastra Limited, Roostify Inc., CU Direct Corporation, DocuTech Corporation, Decimal Technologies Pvt Ltd., Mambu GmbH, Built Technologies, Wipro Limited, Auxmoney GmbH, Accenture, HES FinTech, Swiss Fintech AG, Teylor AG, and DocuSign Inc.,

The global digital lending platform market grew from $10.74 billion in 2022 to $12.95 billion in 2023 at a compound annual growth rate (CAGR) of 20.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The digital lending platform market is expected to grow to $27.03 billion in 2027 at a CAGR of 20.2%.

The digital lending platform market includes revenues earned by entities by commercial loans, consumer loans, commercial finance, and a 24/7 loan marketplace. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

A digital lending platform refers to a technology-based platform that allows financial institutions to improve business productivity by providing loans through web platforms or mobile apps to generate revenue per loan application. These are used to optimize loan processes, enable fast decision-making, improve regulatory compliance to improve business efficiency, and simplify financial services. The digital lending platform allow borrowers and lenders to lend money in a digital way.

North America was the largest growing region in the digital lending platform market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital lending platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of digital lending platform markets are loan origination, decision automation, collections and recovery, risk and compliance management, and others. The loan origination market consists of sales of digital lending platforms by entities (organizations, sole traders, and partnerships) that are used for the purpose of easy loan application services to borrowers, automation, and financial analysis to banks, and reducing time. Loan origination refers to the process of the step-by-step loan application. The components are solution and service, and their deployment model are on-premise and cloud. The various industry verticals include banks, insurance companies, credit unions, savings and loan associations, peer-to-peer lending, and others.

The surge in the use of smartphones is expected to propel the growth of the digital lending platform market going forward. The smartphone is a mobile device that has a touchscreen interface, an operating system capable of running downloaded apps, and internet access. Due to the surge in the use of smartphones, users and borrowers are applying for instant loans using digital lending. For instance, according to DataReportal, a Singapore-based online reference library, in 2022, the number of smartphones in use is rising at a 5.1 percent annual rate, with an average of 1 million smartphones coming into use every day. Therefore, the surge in the use of smartphones is driving the growth of the digital lending platform market.

Technological advancements are the key trends gaining popularity in the digital lending platform market. Major market players are concentrating their efforts on creating innovative technologies to enable automation across business processes. For instance, in October 2021, Roostify Inc., a US-based digital home lending platform launched Roostify Document Intelligence (RDI), an AI-powered Application Programming Interface on the home lending platform that provides process automation and easy document management for classification, validation, and extract data from loan-related documents. It can notify users with automatic feedback when they upload incorrect documents.

In July 2022, M2P Fintech, an India-based API Platform for banking and payments products acquired Finflux for an undisclosed amount. With this acquisition, M2P Fintech aimed to roll out support for lending products and improve workflow automation. Finflux is an India-based cloud lending platform.

The countries covered in the digital lending platform market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The digital lending platform market research report is one of a series of new reports from The Business Research Company that provides digital lending platform market statistics, including digital lending platform industry global market size, regional shares, competitors with a digital lending platform market share, detailed digital lending platform market segments, market trends and opportunities, and any further data you may need to thrive in the digital lending platform industry. This digital lending platform market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r3998

Table of Contents

1. Executive Summary

2. Digital Lending Platform Market Characteristics

3. Digital Lending Platform Market Trends And Strategies

4. Digital Lending Platform Market - Macro Economic Scenario

  • 4.1. COVID-19 Impact On Digital Lending Platform Market
  • 4.2. Ukraine-Russia War Impact On Digital Lending Platform Market
  • 4.3. Impact Of High Inflation On Digital Lending Platform Market

5. Digital Lending Platform Market Size And Growth

  • 5.1. Global Digital Lending Platform Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Digital Lending Platform Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Digital Lending Platform Market Segmentation

  • 6.1. Global Digital Lending Platform Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Loan Origination
  • Decision Automation
  • Collections And Recovery
  • Risk And Compliance Management
  • Other Types
  • 6.2. Global Digital Lending Platform Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Software
  • Service
  • 6.3. Global Digital Lending Platform Market, Segmentation By Deployment Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • On-Premise
  • Cloud
  • 6.4. Global Digital Lending Platform Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Banks
  • Insurance Companies
  • Credit Unions
  • Savings And Loan Associations
  • Peer-To-Peer Lending
  • Other Industry Verticals

7. Digital Lending Platform Market Regional And Country Analysis

  • 7.1. Global Digital Lending Platform Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Digital Lending Platform Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Digital Lending Platform Market

  • 8.1. Asia-Pacific Digital Lending Platform Market Overview
  • Region Information, Impact Of COVID_19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Digital Lending Platform Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 8.3. Asia-Pacific Digital Lending Platform Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Digital Lending Platform Market

  • 9.1. China Digital Lending Platform Market Overview
  • 9.2. China Digital Lending Platform Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
  • 9.3. China Digital Lending Platform Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Digital Lending Platform Market

  • 10.1. India Digital Lending Platform Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 10.2. India Digital Lending Platform Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Digital Lending Platform Market

  • 11.1. Japan Digital Lending Platform Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 11.2. Japan Digital Lending Platform Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Digital Lending Platform Market

  • 12.1. Australia Digital Lending Platform Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 12.2. Australia Digital Lending Platform Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Digital Lending Platform Market

  • 13.1. Indonesia Digital Lending Platform Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 13.2. Indonesia Digital Lending Platform Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Digital Lending Platform Market

  • 14.1. South Korea Digital Lending Platform Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 14.2. South Korea Digital Lending Platform Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Digital Lending Platform Market

  • 15.1. Western Europe Digital Lending Platform Market Overview
  • 15.2. Western Europe Digital Lending Platform Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 15.3. Western Europe Digital Lending Platform Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Digital Lending Platform Market

  • 16.1. UK Digital Lending Platform Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 16.2. UK Digital Lending Platform Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Digital Lending Platform Market

  • 17.1. Germany Digital Lending Platform Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 17.2. Germany Digital Lending Platform Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Digital Lending Platform Market

  • 18.1. France Digital Lending Platform Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 18.2. France Digital Lending Platform Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Digital Lending Platform Market

  • 19.1. Eastern Europe Digital Lending Platform Market Overview
  • 19.2. Eastern Europe Digital Lending Platform Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 19.3. Eastern Europe Digital Lending Platform Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Digital Lending Platform Market

  • 20.1. Russia Digital Lending Platform Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 20.2. Russia Digital Lending Platform Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Digital Lending Platform Market

  • 21.1. North America Digital Lending Platform Market Overview
  • 21.2. North America Digital Lending Platform Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 21.3. North America Digital Lending Platform Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Digital Lending Platform Market

  • 22.1. USA Digital Lending Platform Market Overview
  • 22.2. USA Digital Lending Platform Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 22.3. USA Digital Lending Platform Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Digital Lending Platform Market

  • 23.1. South America Digital Lending Platform Market Overview
  • 23.2. South America Digital Lending Platform Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 23.3. South America Digital Lending Platform Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Digital Lending Platform Market

  • 24.1. Brazil Digital Lending Platform Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 24.2. Brazil Digital Lending Platform Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Digital Lending Platform Market

  • 25.1. Middle East Digital Lending Platform Market Overview
  • 25.2. Middle East Digital Lending Platform Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 25.3. Middle East Digital Lending Platform Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Digital Lending Platform Market

  • 26.1. Africa Digital Lending Platform Market Overview
  • 26.2. Africa Digital Lending Platform Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 26.3. Africa Digital Lending Platform Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Digital Lending Platform Market Competitive Landscape And Company Profiles

  • 27.1. Digital Lending Platform Market Competitive Landscape
  • 27.2. Digital Lending Platform Market Company Profiles
    • 27.2.1. ICE Mortgage Technology Inc
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Fiserv Inc
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Nucleus Software Exports Limited
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. Newgen Software Technologies Ltd
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Intellect Design Arena Ltd
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Digital Lending Platform Market

29. Digital Lending Platform Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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