Digital Lending Market size to grow by USD 19,140.24 million from 2022 to 2027|Use of advanced technologies in the lending process to boost market growth - Technavio

NEW YORK, Aug. 2, 2023 /PRNewswire/ -- The digital lending market size is estimated to grow by USD 19,140.24 million from 2022 to 2027, growing at a CAGR of 19.89%, according to Technavio. North America is estimated to contribute 33% to the growth of the global market during the forecast period. The improved customer experience at US commercial lending companies such as Pegasystems Inc. (Pegasystems), Finastra, and HES FinTech results from increased investment in AI and IoT technologies. Small businesses, especially entrepreneurs from immigrant groups, prefer digital loans and microcredits to support their business expansion efforts. Hence, the above-mentioned factors are expected to drive market growth in the region during the forecast period. For Comprehensive details on the market size of the historical period(2017 to 2021) and forecast period (2023-2027) - View the Sample report

Vendor Landscape

The digital lending market is fragmented; the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products -The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now

Market Dynamics

Key Drivers & Challenges

The use of advanced technologies in the lending process is a key factor driving market growth. Financial organizations have greatly benefited from cloud-based payment platforms, which enable rapid data collection and provide services like fast loan disbursal. These platforms also facilitate a smoother collection of interest, principal, and payments from borrowers. AI-based technologies further enhance the financial sector by streamlining core business and loan operations, offering greater efficiency and effectiveness in managing financial processes. Hence, advanced technologies are expected to drive market growth during the forecast period.

Compliance and regulatory challenges related to lending are significant challenges hindering market growth. Regulatory bodies play a key role in setting requirements, regulations, compliance, and policies to ensure financial health in the market. Over the years, these regulations have changed significantly. Therefore, compliance with these rules and regulations is critical for financial institutions to prove their financial stability. Lenders must be aware of and comply with regulations set by local governments and financial institutions. Hence, the factors are expected to restrict the market growth during the forecast period.

Major Trends

The rise in the adoption of cloud-based digital lending servicing software offerings is a major trend in the market. The move from on-premises services to cloud computing is primarily driven by its scalability and cost-effectiveness. Ease of implementation, reduced capital expenditure, and improved access to data also contribute to its growing popularity. Furthermore, many market players are forming partnerships and collaborations to introduce cloud-based solutions to financial institutions with the aim of expanding customer reach and providing improved services. Hence, the increased usage of cloud-based loan servicing software is expected to drive market growth during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. - View Sample Report

Company Profiles

The digital lending market report includes information on the product launches, sustainability, and prospects of leading vendors, including Abrigo, ARGO Data Resource Corp., Built Technologies Inc., CoreLogic Inc., CU Direct Corp., Decimal Technologies, Fidelity National Information Services Inc., First American Financial Corp., Fiserv Inc., Intellect Design Arena Ltd., Intercontinental Exchange Inc., Juris Technologies Sdn Bhd, Newgen Software Technologies Ltd., Nucleus Software Exports Ltd., Pegasystems Inc., Sigma Infosolutions, Tavant, Temenos AG, UAB HES Europe, and Vista Equity Partners Management LLC.

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.

 Market Segmentation

The market is segmented by component (solution and service), deployment (on-premises and cloud), and geography (North America, APAC, Europe, South America, and the Middle East and Africa).

• The solution segment is estimated to witness significant growth during the forecast period. The digital lending landscape could further improve with the participation of more fintech start-ups and financial institutions offering digital lending services. Innovations in this area can lead to the introduction of new solutions. For example, Fiserv, Inc., and Fidelity National Information Services are using technological advances to reduce loan processing times, a significant benefit for borrowers who need quick access to funds. Hence, the factors are expected to drive segment growth in the market during the forecast period.

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Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global digital lending market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global digital lending market 2017 - 2021 ($ million)

• 4.2 Component Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Component Segment 2017 - 2021 ($ million)

• 4.3 Deployment Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Deployment Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Component

• 6.1 Market segments
• Exhibit 30: Chart on Component - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Component - Market share 2022-2027 (%)

• 6.2 Comparison by Component 
• Exhibit 32: Chart on Comparison by Component
• Exhibit 33: Data Table on Comparison by Component

• 6.3 Solution - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Solution - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Solution - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Solution - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Solution - Year-over-year growth 2022-2027 (%)

• 6.4 Service - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Service - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Service - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Service - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Service - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Component 
• Exhibit 42: Market opportunity by Component ($ million)
• Exhibit 43: Data Table on Market opportunity by Component ($ million)

7 Market Segmentation by Deployment

• 7.1 Market segments
• Exhibit 44: Chart on Deployment - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Deployment - Market share 2022-2027 (%)

• 7.2 Comparison by Deployment 
• Exhibit 46: Chart on Comparison by Deployment
• Exhibit 47: Data Table on Comparison by Deployment

• 7.3 On-premises - Market size and forecast 2022-2027 
• Exhibit 48: Chart on On-premises - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on On-premises - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on On-premises - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on On-premises - Year-over-year growth 2022-2027 (%)

• 7.4 Cloud - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Cloud - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Cloud - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Cloud - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Cloud - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Deployment 
• Exhibit 56: Market opportunity by Deployment ($ million)
• Exhibit 57: Data Table on Market opportunity by Deployment ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027 
• Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027 
• Exhibit 99: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Abrigo
• Exhibit 111: Abrigo - Overview
• Exhibit 112: Abrigo - Product / Service
• Exhibit 113: Abrigo - Key offerings

• 12.4 Built Technologies Inc. 
• Exhibit 114: Built Technologies Inc. - Overview
• Exhibit 115: Built Technologies Inc. - Product / Service
• Exhibit 116: Built Technologies Inc. - Key offerings

• 12.5 CU Direct Corp.
• Exhibit 117: CU Direct Corp. - Overview
• Exhibit 118: CU Direct Corp. - Product / Service
• Exhibit 119: CU Direct Corp. - Key offerings

• 12.6 Fidelity National Information Services Inc. 
• Exhibit 120: Fidelity National Information Services Inc. - Overview
• Exhibit 121: Fidelity National Information Services Inc. - Business segments
• Exhibit 122: Fidelity National Information Services Inc. - Key news
• Exhibit 123: Fidelity National Information Services Inc. - Key offerings
• Exhibit 124: Fidelity National Information Services Inc. - Segment focus

• 12.7 First American Financial Corp. 
• Exhibit 125: First American Financial Corp. - Overview
• Exhibit 126: First American Financial Corp. - Business segments
• Exhibit 127: First American Financial Corp. - Key offerings
• Exhibit 128: First American Financial Corp. - Segment focus

• 12.8 Fiserv Inc.
• Exhibit 129: Fiserv Inc. - Overview
• Exhibit 130: Fiserv Inc. - Business segments
• Exhibit 131: Fiserv Inc. - Key offerings
• Exhibit 132: Fiserv Inc. - Segment focus

• 12.9 Intellect Design Arena Ltd. 
• Exhibit 133: Intellect Design Arena Ltd. - Overview
• Exhibit 134: Intellect Design Arena Ltd. - Product / Service
• Exhibit 135: Intellect Design Arena Ltd. - Key offerings

• 12.10 Intercontinental Exchange Inc. 
• Exhibit 136: Intercontinental Exchange Inc. - Overview
• Exhibit 137: Intercontinental Exchange Inc. - Business segments
• Exhibit 138: Intercontinental Exchange Inc. - Key offerings
• Exhibit 139: Intercontinental Exchange Inc. - Segment focus

• 12.11 Newgen Software Technologies Ltd. 
• Exhibit 140: Newgen Software Technologies Ltd. - Overview
• Exhibit 141: Newgen Software Technologies Ltd. - Product / Service
• Exhibit 142: Newgen Software Technologies Ltd. - Key offerings

• 12.12 Nucleus Software Exports Ltd. 
• Exhibit 143: Nucleus Software Exports Ltd. - Overview
• Exhibit 144: Nucleus Software Exports Ltd. - Key offerings

• 12.13 Pegasystems Inc.
• Exhibit 145: Pegasystems Inc. - Overview
• Exhibit 146: Pegasystems Inc. - Product / Service
• Exhibit 147: Pegasystems Inc. - Key news
• Exhibit 148: Pegasystems Inc. - Key offerings

• 12.14 Sigma Infosolutions
• Exhibit 149: Sigma Infosolutions - Overview
• Exhibit 150: Sigma Infosolutions - Product / Service
• Exhibit 151: Sigma Infosolutions - Key offerings

• 12.15 Tavant
• Exhibit 152: Tavant - Overview
• Exhibit 153: Tavant - Product / Service
• Exhibit 154: Tavant - Key offerings

• 12.16 Temenos AG
• Exhibit 155: Temenos AG - Overview
• Exhibit 156: Temenos AG - Business segments
• Exhibit 157: Temenos AG - Key news
• Exhibit 158: Temenos AG - Key offerings
• Exhibit 159: Temenos AG - Segment focus

• 12.17 Vista Equity Partners Management LLC 
• Exhibit 160: Vista Equity Partners Management LLC - Overview
• Exhibit 161: Vista Equity Partners Management LLC - Product / Service
• Exhibit 162: Vista Equity Partners Management LLC - Key news
• Exhibit 163: Vista Equity Partners Management LLC - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 164: Inclusions checklist
• Exhibit 165: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 166: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 167: Research methodology
• Exhibit 168: Validation techniques employed for market sizing
• Exhibit 169: Information sources

• 13.5 List of abbreviations
• Exhibit 170: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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