As per this study the Global Digital Lending Platform Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%.
A digital lending platform is a software application that provides the digital loan to customers and offer paperless process for sharing documents. Digital lending platforms are very useful during urgent need of money. A specific amount of money is lent to customers as per their requirement with a certain amount of interest and the same is to be returned within a specific period of time.
The high proliferation of smartphones and increasing use of digital lending platforms providing digital loans is augmenting the market growth of digital lending platform market. In addition to this, growth in digitalization and customer’s inclination towards easy access to borrowing loan is further stimulating the market growth. However, a lack of digital literacy in underdeveloped countries may hamper market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of digital lending platform.
The broad digital lending platform market has been sub-grouped into component, solution, service, deployment mode, and vertical. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Loan Origination
- Decision Automation
- Portfolio Management
- Loan Servicing
- Risk and Compliance Management
- Loan Management
- Business Process Management
By Deployment Mode
- Design and Implementation
- Training and Education
- Risk Assessment
- Support & Maintenance
- Financial Services
- Credit Unions
- Insurance Companies
- Retail Banking
- P2P Lenders
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for digital lending platform in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Digital Lending Platform Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the digital lending platform market include Argo, Built Technology, Cu Direct, Decimal Technology, Docutech, Ellie Mae, Finantix, Finastra, Fis Global, Fiserv, and others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.