Press release
Digital Lending Platform Market Analysis, Revenue Share, Company Profiles, Launches, & Forecast Till 2026
The Digital Lending Platform Market is expected to reach USD 20.16 Billion by 2026, according to a new report by Reports and Data. The increase in growth is mainly associated with the increase in consumer electronics like smart phones, laptop among others coupled with the adoption of advanced cloud technology services that allows thousands of customers to access similar resources helping companies to cut down their expenses. Based on statistics, the penetration of advanced cloud based platforms that helps to develop new technology is also a significant factor stimulating market demand.
A digital lending system is a software system practiced to execute, deploy and solve the complications associated with conventional form of lending with the help of technology. The precise implementation of digital lending automates the method practices for various lending purposes. Thus, digital lending is assumed to be adopted at a large scale in the future. Also, it is growing in popularity as it is time saving and customers can operate their services just at the ease of their comfort efficiently. Due to these specialties, the Digital Lending Platform Market is anticipated to have latent growth during the forecast period.
Due the presence of advanced economies, like the United States (US) and Canada, North America is estimated to hold the largest share of 37.3% in 2018. North America is the most developed region in the market, as almost all large enterprises are located in this region. The region’s powerful financial position also allows it to invest heavily in advanced testing tools and technologies. These improvements have provided North American organizations a competitive edge in the market.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1605
Further key findings from the report suggest
• The Digital Lending Platform Market is estimated to reach USD 20.16 Billion by 2026, at a CAGR of 18.3% during the forecast period.
• The Decision Automation solution segment is anticipated to grow at the highest rate of 18.8% during the forecast period.
• The demand for this method is increasing, along with the growing adoption of the Digital lending platforms among corporate since it is effortless and time efficient.
• Cloud deployment is anticipated to grow at a higher rate of 18.4% during the forecast period.
• The application in Banking accounts for the largest share of 27.3% of the market in 2018.
• Digital lending in banks has emerged rapidly due to the growing preference of customers to perform transactions effortlessly without any inconvenience.
• APAC is forecasted to be the fastest growing market with the highest rate of 18.6% during the forecast period. The drivers for the growth of this region are the presence of key players, favorable reimbursement policies, and rising use of technology in the emerging countries like India, and China, along with several initiatives taken by the government.
• Various players are developing strategies to mark their presence in the industry.
• R&D initiatives by companies to improve healthy products that have a broad application base are anticipated to create tremendous growth possibilities for industry participants.
• It is expected that, with the evolving technological advancements, Banks will include sources of deep business focus, pervasive analytics, pure agnosticism, open source, and extensive automation as architectural policies, to attain new levels of agility, scalability, and flexibility.
• Fiserv partnered with a provider of payment processing solutions, Dade Systems in October 2018.
• This acquisition was made to work together to improve and offer SaaS-based or standalone banking solution to their integrated business clients.
• The Key players in the Digital Lending Platform Market include Ellie Mae, Fiserv, Intellect Design Arena, Nucleus Software, Finantix S.p.A, Newgen Software, Symitar Systems Inc, Sigma Infosolutions, CU Direct, Juris Technologies, FIS Global, Roostify, Mambu, HiEnd Systems, Roostify, Finastra, Argo, Decimal Technologies, Built Technologies, Argo, Rupeepower, TurnKey Lender, Sageworks, Docutech, Tavant Technologies, Temenos, and Pegasystems, HiEnd Systems
Market Overview:
Increasing adoption of technologically upgrade and advanced devices among users and rising penetration of internet has led to generation of massive amount of data across various industries and sectors. Growing demand for enhanced data security and privacy has contributed to the revenue growth of the market. In addition, rising application of the Internet of Things (IoT) and usage of business intelligence have further fueled market growth. Developments across various segments such as internet, wireless networks, computers, software, social networking, and other services have impacted the growth of the information and communication technologies market.
ICTs refer to the amalgamation of media technology with computer networks through cables or link systems. Key emerging trends such as use of IoT, media systems, and information and communication technologies in different sectors such as agriculture, financial services, and meteorological data collection, among others have also boosted revenue growth. The advent of artificial intelligence and robotics have further brought evolution in the ICT industry.
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/1605
Report Overview:
The report further segments the global Digital Lending Platform market based on
Deployment Outlook (Revenue, USD Million; 2018-2026)
• On-premises
• Cloud
Solutions Outlook (Revenue, USD Million; 2018-2026)
• Business Process Management
• Decision Automation
• Loan Origination
• Loan Management
• Others
Services Outlook (Revenue, USD Million; 2018-2026)
• Design and Implementation
• Risk Assessment
• Training and Education
• Consulting
• Support and Maintenance
Application Outlook (Revenue, USD Million; 2018-2026)
• Banking
• P2P Lenders
• Financial Services
• Insurance
• Retail Banking
Key players dominating the global Digital Lending Platform market are focusing on development and advancement in software and security technologies to cater to the growing consumer demand. Factors such as rapid economic growth, shifting consumer preference, and rapidly changing market dynamics have also accelerated market revenue growth. The report sheds lights on the key strategic initiatives such as mergers and acquisitions, collaborations, partnerships, product launches, corporate deals, and agreements undertaken by the key companies. The report also offers insights into market share, market size, and revenue growth in key regions of the globe.
To know more about the report @ https://www.reportsanddata.com/report-detail/digital-lending-platform-market
Regional analysis covers:
• North America (U.S., Canada, Mexico)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/1605
Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs.
Have a Look at Related Reports:
Employee Remote Monitoring Software Market Scope @ https://www.reportsanddata.com/report-detail/employee-remote-monitoring-software-market
Property Management Software Market Share @ https://www.reportsanddata.com/report-detail/property-management-software-market
Farm Management Software and Services Market Forecast @ https://www.reportsanddata.com/report-detail/farm-management-software-services-market
Robot Industry market Forecast @ https://www.reportsanddata.com/blog/top-8-robotics-industry-trends
Watch Industry Scope @ https://www.reportsanddata.com/blog/the-watch-industry-a-short-history-and-the-top-10-brands-today
Contact Us:
John Watson
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
A digital lending system is a software system practiced to execute, deploy and solve the complications associated with conventional form of lending with the help of technology. The precise implementation of digital lending automates the method practices for various lending purposes. Thus, digital lending is assumed to be adopted at a large scale in the future. Also, it is growing in popularity as it is time saving and customers can operate their services just at the ease of their comfort efficiently. Due to these specialties, the Digital Lending Platform Market is anticipated to have latent growth during the forecast period.
Due the presence of advanced economies, like the United States (US) and Canada, North America is estimated to hold the largest share of 37.3% in 2018. North America is the most developed region in the market, as almost all large enterprises are located in this region. The region’s powerful financial position also allows it to invest heavily in advanced testing tools and technologies. These improvements have provided North American organizations a competitive edge in the market.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1605
Further key findings from the report suggest
• The Digital Lending Platform Market is estimated to reach USD 20.16 Billion by 2026, at a CAGR of 18.3% during the forecast period.
• The Decision Automation solution segment is anticipated to grow at the highest rate of 18.8% during the forecast period.
• The demand for this method is increasing, along with the growing adoption of the Digital lending platforms among corporate since it is effortless and time efficient.
• Cloud deployment is anticipated to grow at a higher rate of 18.4% during the forecast period.
• The application in Banking accounts for the largest share of 27.3% of the market in 2018.
• Digital lending in banks has emerged rapidly due to the growing preference of customers to perform transactions effortlessly without any inconvenience.
• APAC is forecasted to be the fastest growing market with the highest rate of 18.6% during the forecast period. The drivers for the growth of this region are the presence of key players, favorable reimbursement policies, and rising use of technology in the emerging countries like India, and China, along with several initiatives taken by the government.
• Various players are developing strategies to mark their presence in the industry.
• R&D initiatives by companies to improve healthy products that have a broad application base are anticipated to create tremendous growth possibilities for industry participants.
• It is expected that, with the evolving technological advancements, Banks will include sources of deep business focus, pervasive analytics, pure agnosticism, open source, and extensive automation as architectural policies, to attain new levels of agility, scalability, and flexibility.
• Fiserv partnered with a provider of payment processing solutions, Dade Systems in October 2018.
• This acquisition was made to work together to improve and offer SaaS-based or standalone banking solution to their integrated business clients.
• The Key players in the Digital Lending Platform Market include Ellie Mae, Fiserv, Intellect Design Arena, Nucleus Software, Finantix S.p.A, Newgen Software, Symitar Systems Inc, Sigma Infosolutions, CU Direct, Juris Technologies, FIS Global, Roostify, Mambu, HiEnd Systems, Roostify, Finastra, Argo, Decimal Technologies, Built Technologies, Argo, Rupeepower, TurnKey Lender, Sageworks, Docutech, Tavant Technologies, Temenos, and Pegasystems, HiEnd Systems
Market Overview:
Increasing adoption of technologically upgrade and advanced devices among users and rising penetration of internet has led to generation of massive amount of data across various industries and sectors. Growing demand for enhanced data security and privacy has contributed to the revenue growth of the market. In addition, rising application of the Internet of Things (IoT) and usage of business intelligence have further fueled market growth. Developments across various segments such as internet, wireless networks, computers, software, social networking, and other services have impacted the growth of the information and communication technologies market.
ICTs refer to the amalgamation of media technology with computer networks through cables or link systems. Key emerging trends such as use of IoT, media systems, and information and communication technologies in different sectors such as agriculture, financial services, and meteorological data collection, among others have also boosted revenue growth. The advent of artificial intelligence and robotics have further brought evolution in the ICT industry.
Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/1605
Report Overview:
The report further segments the global Digital Lending Platform market based on
Deployment Outlook (Revenue, USD Million; 2018-2026)
• On-premises
• Cloud
Solutions Outlook (Revenue, USD Million; 2018-2026)
• Business Process Management
• Decision Automation
• Loan Origination
• Loan Management
• Others
Services Outlook (Revenue, USD Million; 2018-2026)
• Design and Implementation
• Risk Assessment
• Training and Education
• Consulting
• Support and Maintenance
Application Outlook (Revenue, USD Million; 2018-2026)
• Banking
• P2P Lenders
• Financial Services
• Insurance
• Retail Banking
Key players dominating the global Digital Lending Platform market are focusing on development and advancement in software and security technologies to cater to the growing consumer demand. Factors such as rapid economic growth, shifting consumer preference, and rapidly changing market dynamics have also accelerated market revenue growth. The report sheds lights on the key strategic initiatives such as mergers and acquisitions, collaborations, partnerships, product launches, corporate deals, and agreements undertaken by the key companies. The report also offers insights into market share, market size, and revenue growth in key regions of the globe.
To know more about the report @ https://www.reportsanddata.com/report-detail/digital-lending-platform-market
Regional analysis covers:
• North America (U.S., Canada, Mexico)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/1605
Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs.
Have a Look at Related Reports:
Employee Remote Monitoring Software Market Scope @ https://www.reportsanddata.com/report-detail/employee-remote-monitoring-software-market
Property Management Software Market Share @ https://www.reportsanddata.com/report-detail/property-management-software-market
Farm Management Software and Services Market Forecast @ https://www.reportsanddata.com/report-detail/farm-management-software-services-market
Robot Industry market Forecast @ https://www.reportsanddata.com/blog/top-8-robotics-industry-trends
Watch Industry Scope @ https://www.reportsanddata.com/blog/the-watch-industry-a-short-history-and-the-top-10-brands-today
Contact Us:
John Watson
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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