Digital Lending Platform Market By Component (Solution (Loan Origination, Decision Automation, Portfolio Management, Loan Servicing, Risk & Compliance Management, Loan Management, Business Process Management, and Others) and Services (Design and Implementation, Training & Education, Risk Assessment, Consulting, and Support & Maintenance)), By Deployment Mode (Cloud and On-premises), By Industry Vertical, and By Region – Trends, Analysis, and Forecast till 2030

Global digital lending platform market accounted for USD 7.4 Billion in 2020 and is estimated to be USD 10.96 Billion by 2030 and is anticipated to register a CAGR of 4.0%.

Digital platforms present opportunities for enterprises to rethink their business plans and create better experiences for customers, employees, and ecosystem partners, coupled with lowering costs. The digital lending platform handles an end-to-end business process which is essential to achieve the improved experience of customers, employees, and partners. The lending procedure begins with bringing a borrower on board through various sales channels. Lending is simply an act of giving money on credit to another person called the borrower through digital means. It is a technology that allows financial institutions to boost productivity and loan profits while providing service at point-of-sale. It enables potential borrowers to apply for loan products from any point in the world. Digital lenders provide loans and collect them back through digital channels. It has several advantages such as lower operating expenses, less taxation on transactions, less time in getting money, etc.

Rising industrialization

The major factors driving the growth of the global digital lending platform market involve rapid industrialization in developed and developing countries across the globe. In addition, the growing number of smartphone users, rising internet penetration, and increasing adoption of digital platforms across various industries are some other factors expected to boost the growth of the global market over the forecast period. Increasing government initiatives for developing countries towards digitization, coupled with an approach towards streamlining payment methods and promoting paperless transactions within a short period are major factors propelling the growth of the global market. Moreover, the increasing adoption of digital platforms by financial institutions to enhance the customer experience related to payment methods is another factor expected to support the growth of the global market over the forecast period.

However, increasing concerns related to data security and privacy are major factors expected to hamper the growth of the global market over the forecast period. Also, dependency on traditional methods is another factor expected to restrain the growth of the global market over the forecast period.

Digital lending platform market is segmented based on components, deployment mode, industry vertical, and region.

Based on components, the global digital lending platform market is segmented into solutions and services. Solution component type is further bifurcated into loan origination, decision automation, portfolio management, loan servicing, risk & compliance management, loan management, business process management, and others. The services component type is further bifurcated into design and implementation, training & education, risk assessment, consulting, and support & maintenance. Based on deployment mode, the target market is classified into cloud and on-premises. Based on industry verticals, the global market is segmented into banking, financial services, insurance, credit unions, retail banking, and P2P lenders.

Regional Insights:

In the region, the global digital lending platform market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to dominate the global market and is expected to continue its dominance over the forecast period. The dominance can be attributed to well-developed IT infrastructure, stringent government regulations related to cyber security, and the presence of major players operating in the countries in this region. The market in Asia Pacific is expected to witness faster growth, owing to increasing government initiatives towards digitization and high internet penetration in the emerging economies in this region

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global digital lending platform market report based on components, deployment mode, industry vertical, and region.

Digital Lending Platform Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating in the global digital lending platform market include Nucleus Software Exports Limited, Fiserv Inc., Sigma Infosolutions, Ellie Mae Inc., Newgen Software Technologies Limited, Finantix S.P.A, Intellect Design Arena Limited, Finastra Group Holdings Limited, Symitar Systems Inc., and Tavant Technologies Inc.

Nucleus Software Exports Ltd:

One of the leading providers of lending and transactions banking products to global financial leaders came out with their latest release of FinnOne Neo. It aims at the expansion of solutions to cater to a wider lending business segment.

• Nucleus Software Exports Limited 
• Fiserv Inc.
• Sigma Infosolutions
• Ellie Mae Inc.
• Newgen Software Technologies Limited
• Finantix S.P.A
• Intellect Design Arena Limited
• Finastra Group Holdings Limited
• Symitar Systems Inc.
• Tavant Technologies Inc.