IMARC Group’s latest report, titled “Digital Lending Platform Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global digital lending platform market reached a value of US$ 8.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 20.3 Billion by 2027, exhibiting a CAGR of 15.15% during 2022-2027. offers a comprehensive analysis of the industry, which comprises insights on the Digital Lending Platform Market Share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
A digital lending platform (DLP) aids lenders and borrowers in lending money via electronic or digital methods. It is a mortgage point-of-sale (POS) tool that allows access to numerous financial products and services. It is also employed for recovering and granting loans using web platforms or mobile applications. Additionally, it enables a separate legal individual or entity to provide short or long-term loans that are managed and distributed through digital channels. It is majorly used by lending service providers (LSPs), who work with non-banking financial companies (NBFCs) to disperse credit to customers. The demand for digital lending platforms is growing due to their several advantages, such as a simplified application process, improved loan disbursement, quick decision-making, and increased efficiency. Some of the commonly provided services by DLP include risk and compliance management, credit bureau reporting, and decision automation.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
- Black Knight Inc
- Finastra
- FIS, Fiserv Inc
- Intellect Design Arena Ltd
- Intercontinental Exchange Inc
- Nucleus Software Exports Ltd
- Pegasystems Inc
- Roostify Inc
- Tavant Technologies
- Wipro Limited
Digital Lending Platform Market Demand:
The rising popularity of online banking services among the masses majorly drives the global market. This can be attributed to the penetration of high-speed internet connectivity and the growing adoption of smartphones due to rapid digitization. Since digital lending platform (DLP) platforms provide benefits for easy e-signing and accessibility that aid in improving the decision-making process, it significantly supporting the market. Apart from this, the widespread adoption of the platform in the banking, financial services, and insurance (BFSI) industry for improving overall cost savings and customer experience is providing a thrust to their demand. Furthermore, the widespread integration of blockchain, machine learning (ML), and artificial intelligence (AI) with digital lending solutions are creating a positive market outlook. Some of the other factors driving the market include the growing incidences of money laundering and cyber threats and escalating consumer awareness.
Key Market Segmentation:
Breakup by Type:
- Loan Origination
- Decision Automation
- Collections and Recovery
- Risk and Compliance Management
- Others
Breakup by Component:
- Solutions
- Services
Breakup by Deployment Model:
- On-premises
- Cloud-based
Breakup by Industry Vertical:
- Banks
- Insurance Companies
- Credit Unions
- Savings and Loan Associations
- Peer-to-Peer Lending
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Type, Component, Deployment Model, Industry Vertical, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Black Knight Inc., Finastra, FIS, Fiserv Inc., Intellect Design Arena Ltd, Intercontinental Exchange Inc., Nucleus Software Exports Ltd., Pegasystems Inc., Roostify Inc., Tavant Technologies and Wipro Limited |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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