Global Digital Lending Platform Market is Expected to Grow at 18.9% in the Forecast Period of 2020 to 2027

Global Digital Lending Platform Market is forecasted to grow at 18.9% with factor such as increasing penetration of internet services.

Digital lending platform market has shown an exceptional penetration in countries such as China, U.S. and India. Enabling government regulations is increasing the penetration in developed countries. In developing countries, technological advancement such as machine learning is creating opportunity for the global digital lending platform market.

Digital Lending Platform Market Scenario

According to Data Bridge Market Research, the market for digital lending platform in North America region has the highest market share followed by Asia-Pacific and Europe. Market leader is FIS which accounts an estimated market share of approximately 20% to 30% in the North America region. The company has gained outstanding sales through their industrial product which includes FIS Commercial Lending Suite and FIS Commercial Loan Origination.

Now the question is which other regions FIS, Finastra and Fiserv, Inc. are targeting? Data Bridge Market Research has estimated a large growth in North America digital lending platform market and the market leaders are targeting U.S., Canada and Mexico to be their next revenue pockets for 2020.

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Digital Lending Platform Market Development in 2019

  • In October 2019, Finastra announced the launch of Fusion Mortgagebot Data Insights. The solution in integration with big data and machine learning technology provided with the behaviour and demographic information of the borrower to the bank and credit unions. The advanced features aided the company to increase its customer base.

Digital Lending Platform Market Scope of the Digital Lending Platform Market

Global digital lending platform market is segmented on the basis of countries into the U.S., Canada and Mexico, Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, Rest of Europe, Japan, China, India, Taiwan, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, UAE, Saudi Arabia, Israel, Egypt and Rest of Middle East & Africa.

  • All country based analysis of Digital Lending Platform market is further analyzed based on further segmentation. On the basis of component, the digital lending platform market is segmented into solutions and services. On the basis of deployment model, the digital lending platform market is segmented into cloud, and on premises. On the basis of loan amount size, the digital lending platform market is segmented into less than US$ 7,000, US$ 7,001 to US$ 20,000, and more than US$ 20,001. On the basis of subscription type, the digital lending platform market is segmented into free, and paid. On the basis of loan type, the digital lending platform market is segmented into automotive loan, SME finance loan, personal loan, home loan, consumer durable and others. On the basis of vertical, the digital lending platform market is segmented into banking, financial services, insurance companies, P2P (peer-to-peer) lenders, credit unions, saving and loan associations.

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Key Pointers Covered in Digital Lending Platform Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • Finastra
  • Fiserv, Inc.
  • Newgen Software Technologies Limited
  • Nucleus Software Exports Ltd.
  • Intellect Design Arena Ltd
  • Sigma Infosolutions
  • FIS
  • Pegasystems Inc.
  • Tavant
  • Abrigo
  • Roostify
  • Decimal Technologies
  • First American Financial Corporation
  • Mambu GmbH
  • CU Direct
  • Built Technologies, Inc.
  • Jack Henry & Associates, Inc.
  • Turnkey Lender
  • Ellie Mae, Inc.
  • DocuSign Inc.

Above are the key players covered in the report, to know about more and exhaustive list of digital lending platform companies’, contact us

Research Methodology: Global Digital Lending Platform Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Product Managers, Financial Institutions, Digital Lending Consultants

Supply Side: Service Providers, Product Managers, Digital Lending solution provider, Marketing Managers, C-Level Executives, Market Intelligence, and Regulatory Affairs Managers among others.

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