DUBLIN--(BUSINESS WIRE)--The "Global Digital Lending Platform Market (2022-2027) by Offerings, Point of Service, Deployment Mode, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Digital Lending Platform Market is estimated to be USD 16.23 Bn in 2022 and is expected to reach USD 55.53 Bn by 2027, growing at a CAGR of 27.89%.
Market dynamics are forces that impact the prices and behaviors of the Global Digital Lending Platform Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of - Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of - Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA.
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Digital Lending Platform Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Market Dynamics
Drivers
- Increasing Demand for Automation in The Money Lending Process
- Rise in Government Initiatives Toward Adoption of Digital Lending Platform
- The Surge in Multichannel Collection Service
- Rise in The Need to Reduce Bad Debt and Maintaining an Accurate Borrower Profile
Restraints
- Higher Dependance on Traditional Lending Methods
- High Cost of Maintenance and Investment
Opportunities
- Specialized Applications of AI/ML
- Growing Demand for Commercial and Consumer Debt Recovery Services
- The Rise in the Use of Analytics-Enabled Collections Models
Challenges
- Lack of Digital Literacy in Underdeveloped Countries
- Network Connectivity and Infrastructural Issues
- Data Security and Privacy Concerns due to Increasing Cyber-Attacks
- Lack of Real-Time Collaboration Between the Borrower and Collector
Market Segmentation
The Global Digital Lending Platform Market is segmented based on Offerings, Point of Service, Deployment Mode, and Geography.
- Offerings, the market is classified into Software and Service.
- Point of Service, the market is classified into Design and Implementation, Training and Education, Risk Assessment, Consulting, and Support and Maintenance.
- Deployment Mode, the market is classified into Cloud and On premises.
- Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.
Companies Mentioned
- Black Knight, Inc
- Built Technologies, Inc.
- CU Direct Corporation
- Decimal Technologies
- Docutech (First American Financial Corporation)
- Ellie Mae, Inc. (Intercontinental Exchange, Inc.)
- Fidelity National Information Services, Inc. (FIS)
- Finantix (InvestCloud Private Banking)
- Finastra (Misys International Limited)
- Fiserv, Inc.
- HiEnd Systems LLC
- ICE Mortgage Technology, Inc.
- Intellect Design Arena Ltd
- Juris Technologies Sdn Bhd
- Mambu
- Newgen Software Technologies Limited
- Nucleus Software Exports Limited.
- Pegasystems Inc.
- Roostify, Inc US
- Rupeepower ind
- Sageworks (Abrigo)
- Sigma Infosolutions Ltd
- Symitar (Jack Henry & Associates, Inc)
For more information about this report visit https://www.researchandmarkets.com/r/y575nk
