Digital Lending Platform Market - Top Vendors Analysis, Market Challenges and Geographical Analysis
Category: #business  By Rahul Varpe  Date: 2021-08-10
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Digital Lending Platform Market -  Top Vendors Analysis, Market Challenges and Geographical Analysis

The digital lending platform market is anticipated to witness incredible gains by 2027 owing to the growing financial awareness, rising popularity of digital banking channels, escalating use of consulting services, and increasing digital literacy. Digital lending platform is a mortgage point-of-sale tool which generally goes from lead to rate lock smoothly.

The digital lending platform market is bifurcated into multiple segments in terms of component, deployment, business model, product, application, and regional landscape.

With respect to component, the market for digital lending platform is divided into service and solution. The solution segment is further classified into collection & recovery system, lending analytics, point of sale (POS) systems, risk & compliance management systems, loan management systems, LOS (loan origination system). Among these, the loan management systems segment is slated to record a decent CAGR of over 19.3% through the forecast time. This growth projection can be chalked up to the rising demand for reducing physical documentation in loans.

In 2020, the risk & compliance management systems segment held a market share of around 14% and is expected to exhibit robust growth over the coming time period. Increasing use of automated platforms for ensuring legal compliance will accelerate the segmental growth.

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The lending analytics segment is expected to grow at a CAGR of around 21.7% over the assessment period. The growth is ascribed to the surging adoption of lending analytics for customer profiling as well as credit risk assessment.

The collection & recovery system segment held a market share of over 7% in 2020 and will exhibit strong growth in the times to come. The growth is attributed to the faster automation of redundant back office work.

The service segment is further categorized into consulting, risk assessment, training & education, design & implementation, and support & maintenance. Among these, the support & maintenance segment will witness a CAGR of 23.7% over the forthcoming time period. This growth is accredited to the increased need for third party management of cloud-based systems.

In 2020, design & implementation segment accounted for an industry share of over 43% and will continue to dominate the industry in the following years. Increasing use of services for deploying customized lending solutions will fuel the overall segment growth.

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The training & education segment is poised to grow at a CAGR of 23% over the assessment time period. The growth is ascribed to the growing focus of global fintech SMEs on training their inhouse staff.

In 2020, the consulting segment held more than 15% market share and is expected to witness healthy growth in the times to come. Increasing use of consulting services for selecting the best fit solution will drive the segment growth.

Based on product, the digital lending platform market is classified into mortgage loan, SME finance loan, automotive loan and personal loan/consumer loan. SME finance loan segment is anticipated to showcase a CAGR of over 18.5% through the forecast period. The segment will witness robust growth since the increasing number of SMEs/MSMEs are applying for digital loans and bypassing traditional loan channels.

In terms of application, the overall digital lending platform market is segmented into P2P Lenders, Fintech Companies, Credit Unions and Banks & NBFCs. In 2020, the P2P lenders held an industry share of more than 10% and will continue to follow similar growth over the coming time period. This growth is accredited to the surging use of digital lending platforms by P2P lenders for reducing agent commissions.

On the regional front, the Latin America region is projected to show around 20.2% CAGR through the analysis timeline. Rising digital literacy and increasing financial awareness are some of the factors that are expected to drive the regional market growth.

Meanwhile, in 2020, the Middle East & Africa region held a market share of more than 3%, with forecasts anticipating the region to develop at rapid rate over the analysis time period. This growth is majorly accredited to the growing popularity of digital banking channels.

Table of Contents

Chapter 1 Methodology & Scope

  • 1.1 Scope & definitions
  • 1.2 Methodology and forecast parameters
  • 1.3 Region-wise COVID-19 impact analysis:
    • 1.3.1 North America
    • 1.3.2 Europe
    • 1.3.3 Asia Pacific
    • 1.3.4 Latin America
    • 1.3.5 Middle East & Africa
  • 1.4 Regional trends
  • 1.5 Data Sources
    • 1.5.1 Secondary
    • 1.5.2 Primary

Chapter 2 Executive Summary

  • 2.1 Digital lending platform industry 360 degree synopsis, 2016-2027
  • 2.2 Business trends
  • 2.3 Regional trends
  • 2.4 Component trends
  • 2.5 Deployment trends
  • 2.6 Business model trends
  • 2.7 Product trends
  • 2.8 Application trends

Chapter 3 Digital Lending Platform Industry Insights

  • 3.1 Introduction
  • 3.2 Industry segmentation
  • 3.3 Impact of COVID-19 outbreak
    • 3.3.1 Global outlook
    • 3.3.2 Impact by region
      • 3.3.2.1 North America
      • 3.3.2.2 Europe
      • 3.3.2.3 Asia Pacific
      • 3.3.2.4 Latin America
      • 3.3.2.5 Middle East and Africa
    • 3.3.3 Impact on industry value chain
      • 3.3.3.1 Suppliers
      • 3.3.3.2 Digital banking technology providers
      • 3.3.3.3 Marketing & distribution channels
    • 3.3.4 Impact on competitive landscape
      • 3.3.4.1 Strategy
      • 3.3.4.2 Distribution network
      • 3.3.4.3 Business growth
  • 3.4 Digital lending platform ecosystem analysis
    • 3.4.1 Digital lending platform provider
    • 3.4.2 Digital lending service provider
    • 3.4.3 Cloud service providers
    • 3.4.4 System integrators
    • 3.4.5 Distributors
    • 3.4.6 End users
  • 3.5 Technological & innovation landscape
    • 3.5.1 Artificial Intelligence (AI)
    • 3.5.2 Predictive analytics
    • 3.5.3 Blockchain
    • 3.5.4 Biometrics
    • 3.5.5 Application Processing Interfaces (APIs)
    • 3.5.6 Human digital interface
  • 3.6 Patent analysis
  • 3.7 Investment portfolio
  • 3.8 Regulatory landscape
    • 3.8.1 North America
      • 3.8.1.1 Gramm-Leach-Bliley Act of 1999, U.S.
      • 3.8.1.2 The Sarbanes-Oxley Act of 2022
      • 3.8.1.3 Federal Information Security Management Act (FISMA)
      • 3.8.1.4 Dodd-Frank Wall Street Reform and Consumer Protection Act
    • 3.8.2 Europe
      • 3.8.2.1 The General Data Protection Regulation (GDPR) (EU)
      • 3.8.2.2 European Market Infrastructure Regulation (EMIR)
      • 3.8.2.3 Anti-Money Laundering Directive 2015/849/EU (AMLD)
    • 3.8.3 Asia Pacific
      • 3.8.3.1 Cybersecurity Law, China
    • 3.8.4 LAMEA
      • 3.8.4.1 Cyber Security Framework, Saudi Arabian Monetary Authority (SAMA)
  • 3.9 Digital lending platform Vs traditional lending
  • 3.10 Industry impact forces
    • 3.10.1 Growth drivers
      • 3.10.1.1 Increasing digitalization
      • 3.10.1.2 Adoption of digital channels to improve customer experience
      • 3.10.1.3 Rise in usage of smartphones for banking applications
      • 3.10.1.4 A rise in the adoption of blockchain and AI-based digital lending platforms
      • 3.10.1.5 Favorable government regulations for digital lending
    • 3.10.2 Industry pitfalls & challenges
      • 3.10.2.1 High dependence on traditional lending methods
      • 3.10.2.2 Rising cybersecurity concerns among organizations
      • 3.10.2.3 Lack of digital literacy in developing countries
  • 3.11 Growth potential analysis
  • 3.12 Porter's analysis
    • 3.12.1 Bargaining power of suppliers
    • 3.12.2 Bargaining power of buyers
    • 3.12.3 Threat of new entrants
    • 3.12.4 Threat of substitutes
  • 3.13 PESTEL analysis
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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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