According to a research report “Digital Lending Market by Offering (Solutions (Digital Lending Platforms and Point Solutions) and Services), Deployment Mode (Cloud and On-premises), End User (Banks, Credit Unions, and NBFCs), and Region – Global Forecast to 2026” published by MarketsandMarkets, the global Digital Lending Market size to grow from USD 10.7 billion in 2021 to USD 20.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 13.8% during the forecast period. The Digital Lending Market is majory driven by the need for better customer experience. Banking and financial organizations are moving to advanced digital lending processes that are flexible and scalable to meet the challenges of technologies, regulations, and customer demand. A digital lending platform provides a comprehensive and omnichannel credit management solution to meet the ever-changing needs of credit hunters and banking and financial institutions.
Market Players
Major vendors in the Digital Lending Market include Fiserv (US), ICE Mortgage Technology (US), FIS (US), Newgen Software (India), Nucleus Software (India), Temenos (Switzerland), Pega (US), Sigma Infosolutions (US), Intellect Design Arena (India), and Tavant (US).
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By Offering, the Solutions segment to hold the larger market size during the forecast period
The Solutions segment of the Digital Lending Market is projected to hold the larger market size in 2021. The solutions segment of the digital lending market is further classified into digital lending platforms and point solutions. Various solutions are offered in the digital lending platforms, right from loan origination to loan closing. The point solutions help banks and financial institutions to address a single section of the entire loan processing life cycle.
By Point Solutions, the P2P Lending Software segment to grow at the highest CAGR during the forecast period
Under the Point Solutions segment, the Peer-to-peer (P2P) Lending Software sub-segment is expected to grow at the highest CAGR during the forecast period. It is a form of online lending that enables individuals or businesses seeking loans to apply and get loans online directly from other individual investors without the need for any middlemen. It helps This helps lenders to make an informed decision before giving out unsecured loans, while also helps borrowers to compare and evaluate their choices.
By Region, North America to account for the largest market size during the forecast period
North America holds a strong position in the global Digital Lending Market, due to the presence of most of the top Digital Lending vendors such as Fiserv, ICE Mortgage, FIS, Pega, and Sigma Infosolutions. The region offers the most innovative and fastest services available in the world through its network infrastructure. North America has also witnessed the earliest adoption of cloud and mobile technologies, which has been a significant booster for adopting digital lending solutions to improve customer experience and reduce processing time.
TABLE OF CONTENTS
1 INTRODUCTION (Page No. – 25)
1.1 INTRODUCTION TO COVID-19
1.2 COVID-19 HEALTH ASSESSMENT
FIGURE 1 COVID-19: GLOBAL PROPAGATION
FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES
1.3 COVID-19 ECONOMIC ASSESSMENT
FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES, 2020
1.3.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
FIGURE 4 CRITERIA IMPACTING THE GLOBAL ECONOMY
FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY
1.4 OBJECTIVES OF THE STUDY
1.5 MARKET DEFINITION
1.5.1 INCLUSIONS AND EXCLUSIONS
1.6 MARKET SCOPE
1.6.1 MARKET SEGMENTATION
1.6.2 REGIONS COVERED
1.6.3 YEARS CONSIDERED FOR THE STUDY
1.7 CURRENCY CONSIDERED
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2018–2021
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. – 36)
2.1 RESEARCH DATA
FIGURE 6 DIGITAL LENDING MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primary profiles
2.1.2.2 Key industry insights
2.2 MARKET BREAKUP AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
2.3.1 TOP-DOWN APPROACH
FIGURE 8 DIGITAL LENDING MARKET SIZE ESTIMATION: TOP-DOWN APPROACH (SUPPLY-SIDE ANALYSIS)
2.3.2 BOTTOM-UP APPROACH
FIGURE 9 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH (SUPPLY-SIDE ANALYSIS) (1/2)
FIGURE 10 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH (SUPPLY-SIDE ANALYSIS) (2/2)
2.4 MARKET FORECAST
TABLE 2 FACTOR ANALYSIS
2.5 ASSUMPTIONS FOR THE STUDY
2.6 LIMITATIONS OF THE STUDY
3 EXECUTIVE SUMMARY (Page No. – 45)
FIGURE 11 DIGITAL LENDING MARKET, 2019–2026
FIGURE 12 LEADING SEGMENTS IN THE MARKET, 2021
FIGURE 13 MARKET: REGIONAL-WISE SHARES AND KEY DRIVING FACTORS, 2021
4 PREMIUM INSIGHTS (Page No. – 48)
4.1 ATTRACTIVE OPPORTUNITIES IN THE DIGITAL LENDING MARKET
FIGURE 14 ACCELERATION IN DIGITAL TRANSFORMATION TO DRIVE THE MARKET
4.2 MARKET, BY OFFERING
FIGURE 15 SOLUTIONS SEGMENT EXPECTED TO LEAD THE MARKET IN 2021
4.3 MARKET, BY SOLUTIONS
FIGURE 16 POINT SOLUTIONS SEGMENT EXPECTED TO ACCOUNT FOR A LARGER MARKET SHARE IN 2021
4.4 MARKET, BY SERVICES
FIGURE 17 IMPLEMENTATION SERVICES SEGMENT EXPECTED TO ACCOUNT FOR THE LARGEST MARKET SHARE IN 2021
4.5 MARKET, BY END USER
FIGURE 18 BANKS SEGMENT EXPECTED TO LEAD THE MARKET BY 2026
4.6 DIGITAL LENDING MARKET, BY DEPLOYMENT MODE
FIGURE 19 CLOUD SEGMENT EXPECTED TO LEAD THE MARKET BY 2026
4.7 MARKET, BY REGION
FIGURE 20 ASIA PACIFIC TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD
4.8 MARKET, BY COUNTRY
FIGURE 21 INDIA TO REGISTER THE HIGHEST GROWTH DURING THE FORECAST PERIOD
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