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Digital Lending Platform Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

June 2022 | 144 pages | ID: DC02BE8CE740EN
IMARC Group

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The global digital lending platform market reached a value of US$ 8.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 20.3 Billion by 2027, exhibiting at a CAGR of 15.15% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Digital lending platform (DLP) is a mortgage point-of-sale (POS) tool that makes access to financial products and services fair and inclusive. It mainly relies on web platforms or mobile apps for managing loans. It provides several key benefits, such as increased efficiency, quick decision making, better loan disbursement and an easier application process. Presently, several companies are introducing next-generation, end-to-end cloud-based lending platforms. Moreover, advances in payment trends are encouraging financial institutions to adopt DLP to improve productivity, increase revenue, and deliver fast services.
Digital Lending Platform Market Trends:
Due to globalization and the rising popularity of online banking services, there is a rapid shift towards the digitalization of lending processes. This represents one of the key factors positively influencing the application of DLP in the banking, financial services, and insurance (BFSI) industry for better decisions, improved customer experience, and significant cost savings. In addition, due to the outbreak of coronavirus disease (COVID-19), financial institutions around the world are increasingly adopting digital channels for lending loans and meeting the pandemic challenges. Apart from this, as DLP offers the benefits of e-signing and easy accessibility, the growing dependence on smartphones and the rate of internet penetration are acting as other major factors stimulating the growth of the market. Moreover, the rising emphasis on digital automation is contributing to market growth around the world as DLP involves minimum paperwork, thereby minimizing the chances of human errors. Several companies are also integrating advanced technologies, such as blockchain, artificial intelligence (AI), machine learning, and analytics to mitigate fraud, which is strengthening the market growth. Furthermore, the growing instances of cyber threats are escalating its adoption across the globe.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global digital lending platform market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, component, deployment model and industry vertical.

Breakup by Type:
Loan Origination
Decision Automation
Collections and Recovery
Risk and Compliance Management
Others

Breakup by Component:

Solutions
Services

Breakup by Deployment Model:

On-premises
Cloud-based

Breakup by Industry Vertical:

Banks
Insurance Companies
Credit Unions
Savings and Loan Associations
Peer-to-Peer Lending
Others

Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Black Knight Inc., Finastra, FIS, Fiserv Inc., Intellect Design Arena Ltd, Intercontinental Exchange Inc., Nucleus Software Exports Ltd., Pegasystems Inc., Roostify Inc., Tavant Technologies and Wipro Limited.

Key Questions Answered in This Report
1. What is the expected growth rate of the global digital lending platform market during 2022-2027?
2. What are the key factors driving the global digital lending platform market?
3. What has been the impact of COVID-19 on the global digital lending platform market?
4. What is the breakup of the global digital lending platform market based on the type?
5. What is the breakup of the global digital lending platform market based on the component?
6. What is the breakup of the global digital lending platform market based on the deployment model?
7. What is the breakup of the global digital lending platform market based on the industry vertical?
8. What are the key regions in the global digital lending platform market?
9. Who are the key players/companies in the global digital lending platform market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL DIGITAL LENDING PLATFORM MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Loan Origination
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Decision Automation
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Collections and Recovery
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Risk and Compliance Management
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Others
  6.5.1 Market Trends
  6.5.2 Market Forecast

7 MARKET BREAKUP BY COMPONENT

7.1 Solutions
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Services
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY DEPLOYMENT MODEL

8.1 On-premises
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Cloud-based
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY INDUSTRY VERTICAL

9.1 Banks
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Insurance Companies
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Credit Unions
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Savings and Loan Associations
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Peer-to-Peer Lending
  9.5.1 Market Trends
  9.5.2 Market Forecast
9.6 Others
  9.6.1 Market Trends
  9.6.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Black Knight Inc.
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
    15.3.1.4 SWOT Analysis
  15.3.2 Finastra
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 SWOT Analysis
  15.3.3 FIS
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
    15.3.3.3 Financials
    15.3.3.4 SWOT Analysis
  15.3.4 Fiserv Inc.
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
    15.3.4.4 SWOT Analysis
  15.3.5 Intellect Design Arena Ltd
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
  15.3.6 Intercontinental Exchange Inc.
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 Financials
    15.3.6.4 SWOT Analysis
  15.3.7 Nucleus Software Exports Ltd.
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
  15.3.8 Pegasystems Inc.
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
    15.3.8.4 SWOT Analysis
  15.3.9 Roostify Inc.
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
  15.3.10 Tavant Technologies
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
  15.3.11 Wipro Limited
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
    15.3.11.3 Financials
    15.3.11.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Digital Lending Platform Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Digital Lending Platform Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Digital Lending Platform Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 4: Global: Digital Lending Platform Market Forecast: Breakup by Deployment Model (in Million US$), 2022-2027
Table 5: Global: Digital Lending Platform Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 6: Global: Digital Lending Platform Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Digital Lending Platform Market: Competitive Structure
Table 8: Global: Digital Lending Platform Market: Key Players

LIST OF FIGURES

Figure 1: Global: Digital Lending Platform Market: Major Drivers and Challenges
Figure 2: Global: Digital Lending Platform Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Digital Lending Platform Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Digital Lending Platform Market: Breakup by Type (in %), 2021
Figure 5: Global: Digital Lending Platform Market: Breakup by Component (in %), 2021
Figure 6: Global: Digital Lending Platform Market: Breakup by Deployment Model (in %), 2021
Figure 7: Global: Digital Lending Platform Market: Breakup by Industry Vertical (in %), 2021
Figure 8: Global: Digital Lending Platform Market: Breakup by Region (in %), 2021
Figure 9: Global: Digital Lending Platform (Loan Origination) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Digital Lending Platform (Loan Origination) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Digital Lending Platform (Decision Automation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Digital Lending Platform (Decision Automation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Digital Lending Platform (Collections and Recovery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Digital Lending Platform (Collections and Recovery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Digital Lending Platform (Risk and Compliance Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Digital Lending Platform (Risk and Compliance Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Digital Lending Platform (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Digital Lending Platform (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Digital Lending Platform (Solutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Digital Lending Platform (Solutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Digital Lending Platform (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Digital Lending Platform (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Digital Lending Platform (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Digital Lending Platform (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Digital Lending Platform (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Digital Lending Platform (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Digital Lending Platform (Banks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Digital Lending Platform (Banks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Digital Lending Platform (Insurance Companies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Digital Lending Platform (Insurance Companies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Digital Lending Platform (Credit Unions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Digital Lending Platform (Credit Unions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Digital Lending Platform (Savings and Loan Associations) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Digital Lending Platform (Savings and Loan Associations) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Digital Lending Platform (Peer-to-Peer Lending) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Digital Lending Platform (Peer-to-Peer Lending) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Digital Lending Platform (Other Industry Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Digital Lending Platform (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: North America: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: North America: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: United States: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: United States: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Canada: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Canada: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Asia-Pacific: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Asia-Pacific: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: China: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: China: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Japan: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Japan: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: India: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: India: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: South Korea: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: South Korea: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Australia: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Australia: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Indonesia: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Indonesia: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Others: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Others: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Europe: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Europe: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Germany: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Germany: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: France: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: France: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: United Kingdom: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: United Kingdom: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Italy: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Italy: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Spain: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Spain: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Russia: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Russia: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Latin America: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Latin America: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Brazil: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Brazil: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Mexico: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Mexico: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Others: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Others: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Middle East and Africa: Digital Lending Platform Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Middle East and Africa: Digital Lending Platform Market: Breakup by Country (in %), 2021
Figure 87: Middle East and Africa: Digital Lending Platform Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Global: Digital Lending Platform Industry: SWOT Analysis
Figure 89: Global: Digital Lending Platform Industry: Value Chain Analysis
Figure 90: Global: Digital Lending Platform Industry: Porter's Five Forces Analysis


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