Cloud Banner

ICT

Image

Global Digital Lending Platform Market – Industry Trends and Forecast to 2030

  • ICT
  • Upcoming Report
  • Oct 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Digital Lending Platform Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 19.4% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 20215.23 Million
Diagram Market Size (Forecast Year) USD 83505.16 Million
Diagram CAGR 19.4%

Global Digital Lending Platform Market, By Component (Solutions, Services), Deployment Model (On Premises, Cloud), Loan Amount Size (Less than US$ 7,000, US$ 7,001 to US$ 20,000, More than US$ 20,001), Subscription Type (Free, Paid), Loan Type (Automotive Loan, SME Finance Loan, Personal Loan, Home Loan, Consumer Durable, Others), Vertical (Banking, Financial Services, Insurance Companies, P2P (Peer-to-Peer) Lenders, Credit Unions, Saving and Loan Associations) – Industry Trends and Forecast to 2030.

Digital Lending Platform Market

Digital Lending Platform Market Analysis and Size

Several companies are currently introducing next-generation, end-to-end cloud-based lending platforms. Furthermore, advances in payment trends are encouraging financial institutions to implement DLP in order to improve productivity, increase revenue, and provide quick services.

Data Bridge Market Research analyses that the global digital lending platform market which was USD 20,215.23 million in 2022, is expected to reach USD 83,505.16 million by 2030, and is expected to undergo a CAGR of 19.4% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Digital Lending Platform Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable Years 2015-2020)

Quantitative Units

Revenue in USD Million, Pricing in USD

Segments Covered

Component (Solutions, Services), Deployment Model (On Premises, Cloud), Loan Amount Size (Less than US$ 7,000, US$ 7,001 to US$ 20,000, More than US$ 20,001), Subscription Type (Free, Paid), Loan Type (Automotive Loan, SME Finance Loan, Personal Loan, Home Loan, Consumer Durable, Others), Vertical (Banking, Financial Services, Insurance Companies, P2P (Peer-to-Peer) Lenders, Credit Unions, Saving and Loan Associations)

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America

Market Players Covered

General Electric (U.S.), IBM (U.S.), PTC (U.S.), Microsoft (U.S.), Siemens AG (Germany), ANSYS, Inc (U.S.), SAP SE (Germany), Oracle (U.S.), Robert Bosch GmbH (Germany), Swim.ai, Inc. (U.S.)., Atos SE (France), ABB (Switzerland), KELLTON TECH (India), AVEVA Group plc (U.K.), DXC Technology Company (U.S.), Altair Engineering, Inc (U.S.), Hexaware Technologies Limited (India), Tata Consultancy Services Limited (India), Infosys Limited (Bengaluru), NTT DATA, Inc. (Japan), TIBCO Software Inc. (U.S.)

Market Opportunities

  • Emerging technologies such as AI, machine learning and block chains
  • Increased investments in technological advancements and innovations

Market Definition

The digital lending platform enables lenders and borrowers to lend money in a digital or electronic format, resulting in greater ease of use, a better user experience, and lower overhead due to client verification time savings. User registration is the first step in the process, which is followed by online documentation collection, client authentication and verification, loan approval, loan distribution, and loan recovery. The loan process is very hectic with lots of prerequisites and paperwork. Digital lending platform has broken those hurdles and simplified the process to such a level that a person only needs internet access to open the platform, submit the documents, and get a loan within a few minutes. The integrated automation in the loan process makes the process faster and even decreases operational cost. The digital lending platform provides high benefits compared to traditional methods, acting as major for the market growth in upcoming years.

Global Digital Lending Platform Market Dynamics

Drivers

  • Surge in Adoption of Online Banking Services

Globalization and the growing popularity of online banking services, lending processes are rapidly becoming digital. This is one of the most important factors influencing the use of DLP in the banking, financial services, and insurance (BFSI) industry for better decisions, better customer experiences, and significant cost savings. Furthermore, as a result of the coronavirus disease (COVID-19) outbreak, financial institutions all over the world are increasingly turning to digital channels for lending loans and dealing with pandemic challenges

  • Rising Smartphone Penetration around the World

DLP provides the benefits of e-signing and easy accessibility, while the increasing reliance on smartphones and the rate of internet penetration are also driving market growth. Furthermore, the growing emphasis on digital automation contributes to global market growth because DLP requires minimal paperwork, reducing the likelihood of human errors. Several companies are also integrating advanced technologies to mitigate fraud, such as block chain, artificial intelligence (AI), machine learning, and analytics, which is fueling market growth. Furthermore, the increasing prevalence of cyber threats is hastening its global adoption

 Opportunity

  • Emerging Technologies such as AI, Machine Learning and Block Chains

Artificial intelligence, machine learning, and block chain are among the emerging technologies expected to enhance digital lending platforms' capabilities and open up new growth opportunities. Integrating these technologies allows for a simple, quick, and transparent loan-raising process. AI and machine learning-based algorithms can process loan applications in seconds, making the approval process truly scalable. Furthermore, by eliminating intermediaries or middlemen from the lending process, the block chain-based lending platform establishes a direct relationship between lenders and borrowers

Restraint/Challenge

  • Data Security Concerns Related to Digital Lending Platforms

Data security and privacy protection are expected to limit market growth. Several governments around the world have already begun efforts to address concerns about data security and privacy protection associated with digital lending platforms

This global digital lending platform market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global digital lending platform market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

  • In July 2021, Newgen Software launched its new digital transformation platform, NewgenONE. The platform aids in the management of unstructured data and the enhancement of customer engagement
  • In June 2021, TPBank of Vietnam collaborated with Nucleus Software to enhance its digital commerce. FinnOne Neo assisted TPBank in providing instant digital loans, increasing process efficiency, and improving credit assessments

Global Digital Lending Platform Market Scope

The digital lending platform market is segmented on the basis of component, deployment model, loan amount size, subscription type, loan type and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

  • Software
  • Services

Loan Amount Size

  • Less than US$ 7,000
  • US$ 7,001 to US$ 20,000
  • More than US$ 20,001

Deployment Model

  • On-premise
  • Cloud

Subscription Type

  • Free  
  • Paid

Loan Type

  • Automotive Loan
  • SME Finance Loan
  • Personal Loan
  • Home Loan
  • Consumer Durable
  • Others

Vertical

  • Banking
  • Financial Services
  • Insurance Companies
  • P2P (Peer-to-Peer) Lenders
  • Credit Unions
  • Saving
  • Loan Associations

Global Digital Lending Platform Market Regional Analysis/Insights

Global digital lending platform market is analyzed and market size insights and trends are provided by component, deployment model, loan amount size, subscription type, loan type and vertical as referenced above.

The countries covered in the digital lending platform market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

North America dominates the digital lending platform market because of strong presence of major players such as FIS and Fiserv, Inc., which provide various lending solutions on single platform in this region. Furthermore, the growing adoption of this technology in the U.S. and Canada will further enhance the market growth in this region. 

Asia-Pacific is expected to grow with the highest CAGR from 2023 to 2030 because of the significant demand for digital lending platform for loan originations in this region. China is the market leader in the Asia-Pacific region due to the expansion of banks in the area which will further boost the market growth in this region.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Digital Lending Platform Market Share Analysis

The digital lending platform market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the company’s focus related to digital lending platform market.

Some of the major players operating in the digital lending platform market are:

  • General Electric (U.S.)
  • IBM (U.S.)
  • PTC (U.S.)
  • Microsoft (U.S.)
  • Siemens AG (Germany)
  • ANSYS, Inc (U.S.)
  • SAP SE (Germany)
  • Oracle (U.S.)
  • Robert Bosch GmbH (Germany)
  • Swim.ai, Inc. (U.S.)
  • Atos SE (France)
  • ABB (Switzerland)
  • KELLTON TECH (India)
  • AVEVA Group plc (U.K.)
  • DXC Technology Company (U.S.)
  • Altair Engineering, Inc (U.S.)
  • Hexaware Technologies Limited (India)
  • Tata Consultancy Services Limited (India)
  • Infosys Limited (Bengaluru)
  • NTT DATA, Inc. (Japan)
  • TIBCO Software Inc. (U.S.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated 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 drop down your inquiry.

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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The Digital Lending Platform Market will be worth USD 83,505.16 million by 2030.
The Digital Lending Platform Market growth rate is 19.4% during the forecast period.
The Surge in Adoption of Online Banking Services & Rising Smartphone Penetration around the World are the growth drivers of the Digital Lending Platform Market.
The component, deployment model, loan amount size, subscription type, loan type and vertical are the factors on which the Digital Lending Platform Market research is based.
The TPBank of Vietnam collaborated with Nucleus Software to enhance its digital commerce & Newgen Software launched its new digital transformation platform, NewgenONE are the latest developments in the Digital Lending Platform Market.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials