This report describes and explains the digital lending platform market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global digital lending platform market reached a value of nearly $13.06 billion in 2023, having grown at a compound annual growth rate (CAGR) of 20.6% since 2018. The market is expected to grow from $13.06 billion in 2023 to $36.37 billion in 2028 at a rate of 22.7%. The market is then expected to grow at a CAGR of 24.1% from 2028 and reach $106.96 billion in 2033.
Growth in the historic period resulted from strong economic growth in emerging markets, increasing digitalization, growing importance of open banking and increasing adoption of online banking services. Factors that negatively affected growth in the historic period was higher dependency on traditional lending methods.
Going forward, increasing use of smartphones boom, increasing internet penetration, rising penetration of blockchain technology and rising urbanization will drive the growth. Factor that could hinder the growth of the digital lending platform market in the future include rise in data security concerns.
The digital lending platform market is segmented by type into loan origination, decision automation, collections and recovery, risk and compliance management and other types. The loan origination market was the largest segment of the digital lending platform market segmented by type, accounting for 31.6% or $4.12 billion of the total in 2023. Going forward, the risk and compliance management segment is expected to be the fastest growing segment in the digital lending platform market segmented by type, at a CAGR of 26.1% during 2023-2028.
The digital lending platform market is segmented by component into software and service. The software market was the largest segment of the digital lending platform market segmented by component, accounting for 68% or $8.88 billion of the total in 2023. Going forward, the service segment is expected to be the fastest growing segment in the digital lending platform market segmented by component, at a CAGR of 25.2% during 2023-2028.
The digital lending platform market is segmented by deployment model into on-premise and cloud. The on-premise market was the largest segment of the digital lending platform market segmented by deployment model, accounting for 65.7% or $8.57 billion of the total in 2023. Going forward, the cloud segment is expected to be the fastest growing segment in the digital lending platform market segmented by deployment model, at a CAGR of 26.3% during 2023-2028.
The digital lending platform market is segmented by industry vertical into banks, insurance companies, credit unions, savings and loan associations, peer-to-peer lending, and other industry verticals. The banks market was the largest segment of the mental health apps market segmented by industry vertical, accounting for 29.4% or $3.83 billion of the total in 2023. Going forward, the peer-to-peer lending segment is expected to be the fastest growing segment in the mental health apps market segmented by industry vertical, at a CAGR of 25.5% during 2023-2028.
North America was the largest region in the digital lending platform market, accounting for 35.8% or $4.67 billion of the total in 2023. It was followed by Western Europe, Asia Pacific and then the other regions. Going forward, the fastest-growing regions in the digital lending platform market will be Asia Pacific and South America where growth will be at CAGRs of 27.2% and 23.8% respectively. These will be followed by Western Europe and Middle East where the markets are expected to grow at CAGRs of 22.2% and 21.1% respectively.
The global digital lending platform market is fairly fragmented, with large number of players operating in the market. The top ten competitors in the market made up to 27.2% of the total market in 2022. Upstart Holdings, Inc. was the largest competitor with a 7.8% share of the market, followed by Fidelity National Information Services, Inc. with 6.7%, LendingTree, Inc. with 2.9%, Accenture PLC with 2.2%, Finastra with 1.8%, Tavant with 1.7%, Fiserv, Inc. with 1.5%, Wipro Limited with 1.1%, Intercontinental Exchange, Inc with 1% and DocuSign, Inc. with 0.5%.
The top opportunities in the digital lending platform market segmented by type will arise in the loan origination segment, which will gain $7.11 billion of global annual sales by 2028. The top opportunities in the digital lending platform market segmented by component will arise in the software segment, which will gain $14.66 billion of global annual sales by 2028. The top opportunities in the digital lending platform market segmented by deployment model will arise in the on-premise segment, which will gain $13.37 billion of global annual sales by 2028. The top opportunities in the digital lending platform market segmented by industry vertical will arise in the banks segment, which will gain $6.46 billion of global annual sales by 2028. The digital lending platform market size will gain the most in the USA at $5.8 billion.
Market-trend-based strategies for the digital lending platform market include use of AI-based solutions to digitize the complete lending process, introduction of advanced platforms for seamless credit transactions, innovative technology advancement to provide process automation and strategic partnerships and collaborations among market players.
Player-adopted strategies in the digital lending platform market include focus on strengthening its operational capabilities through new product developments, enhancing business operations through the launch of new payment solutions, expanding product portfolio through new product developments, expanding production capabilities through strategic partnerships and new product developments.
To take advantage of the opportunities, the analyst recommends the digital lending platform companies to focus on ai integration for digital lending growth, focus on seamless credit platforms, focus on technological automation, focus on digital innovation for lending efficiency, focus on fastest growing market segments: risk and compliance management and decision automation, expand in emerging markets, continue to focus on developed markets, focus on strategic collaborations for geographical expansion, focus on competitive pricing strategies for market expansion, focus on integrated digital marketing for enhanced visibility, target smartphone users, focus on understanding end-user behavior and focus on fastest growing market segments: credit unions and peer-to-peer lending.
The global digital lending platform market reached a value of nearly $13.06 billion in 2023, having grown at a compound annual growth rate (CAGR) of 20.6% since 2018. The market is expected to grow from $13.06 billion in 2023 to $36.37 billion in 2028 at a rate of 22.7%. The market is then expected to grow at a CAGR of 24.1% from 2028 and reach $106.96 billion in 2033.
Growth in the historic period resulted from strong economic growth in emerging markets, increasing digitalization, growing importance of open banking and increasing adoption of online banking services. Factors that negatively affected growth in the historic period was higher dependency on traditional lending methods.
Going forward, increasing use of smartphones boom, increasing internet penetration, rising penetration of blockchain technology and rising urbanization will drive the growth. Factor that could hinder the growth of the digital lending platform market in the future include rise in data security concerns.
The digital lending platform market is segmented by type into loan origination, decision automation, collections and recovery, risk and compliance management and other types. The loan origination market was the largest segment of the digital lending platform market segmented by type, accounting for 31.6% or $4.12 billion of the total in 2023. Going forward, the risk and compliance management segment is expected to be the fastest growing segment in the digital lending platform market segmented by type, at a CAGR of 26.1% during 2023-2028.
The digital lending platform market is segmented by component into software and service. The software market was the largest segment of the digital lending platform market segmented by component, accounting for 68% or $8.88 billion of the total in 2023. Going forward, the service segment is expected to be the fastest growing segment in the digital lending platform market segmented by component, at a CAGR of 25.2% during 2023-2028.
The digital lending platform market is segmented by deployment model into on-premise and cloud. The on-premise market was the largest segment of the digital lending platform market segmented by deployment model, accounting for 65.7% or $8.57 billion of the total in 2023. Going forward, the cloud segment is expected to be the fastest growing segment in the digital lending platform market segmented by deployment model, at a CAGR of 26.3% during 2023-2028.
The digital lending platform market is segmented by industry vertical into banks, insurance companies, credit unions, savings and loan associations, peer-to-peer lending, and other industry verticals. The banks market was the largest segment of the mental health apps market segmented by industry vertical, accounting for 29.4% or $3.83 billion of the total in 2023. Going forward, the peer-to-peer lending segment is expected to be the fastest growing segment in the mental health apps market segmented by industry vertical, at a CAGR of 25.5% during 2023-2028.
North America was the largest region in the digital lending platform market, accounting for 35.8% or $4.67 billion of the total in 2023. It was followed by Western Europe, Asia Pacific and then the other regions. Going forward, the fastest-growing regions in the digital lending platform market will be Asia Pacific and South America where growth will be at CAGRs of 27.2% and 23.8% respectively. These will be followed by Western Europe and Middle East where the markets are expected to grow at CAGRs of 22.2% and 21.1% respectively.
The global digital lending platform market is fairly fragmented, with large number of players operating in the market. The top ten competitors in the market made up to 27.2% of the total market in 2022. Upstart Holdings, Inc. was the largest competitor with a 7.8% share of the market, followed by Fidelity National Information Services, Inc. with 6.7%, LendingTree, Inc. with 2.9%, Accenture PLC with 2.2%, Finastra with 1.8%, Tavant with 1.7%, Fiserv, Inc. with 1.5%, Wipro Limited with 1.1%, Intercontinental Exchange, Inc with 1% and DocuSign, Inc. with 0.5%.
The top opportunities in the digital lending platform market segmented by type will arise in the loan origination segment, which will gain $7.11 billion of global annual sales by 2028. The top opportunities in the digital lending platform market segmented by component will arise in the software segment, which will gain $14.66 billion of global annual sales by 2028. The top opportunities in the digital lending platform market segmented by deployment model will arise in the on-premise segment, which will gain $13.37 billion of global annual sales by 2028. The top opportunities in the digital lending platform market segmented by industry vertical will arise in the banks segment, which will gain $6.46 billion of global annual sales by 2028. The digital lending platform market size will gain the most in the USA at $5.8 billion.
Market-trend-based strategies for the digital lending platform market include use of AI-based solutions to digitize the complete lending process, introduction of advanced platforms for seamless credit transactions, innovative technology advancement to provide process automation and strategic partnerships and collaborations among market players.
Player-adopted strategies in the digital lending platform market include focus on strengthening its operational capabilities through new product developments, enhancing business operations through the launch of new payment solutions, expanding product portfolio through new product developments, expanding production capabilities through strategic partnerships and new product developments.
To take advantage of the opportunities, the analyst recommends the digital lending platform companies to focus on ai integration for digital lending growth, focus on seamless credit platforms, focus on technological automation, focus on digital innovation for lending efficiency, focus on fastest growing market segments: risk and compliance management and decision automation, expand in emerging markets, continue to focus on developed markets, focus on strategic collaborations for geographical expansion, focus on competitive pricing strategies for market expansion, focus on integrated digital marketing for enhanced visibility, target smartphone users, focus on understanding end-user behavior and focus on fastest growing market segments: credit unions and peer-to-peer lending.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Digital Lending Platform Market - Macro-Economic Scenario
9 Global Market Size and Growth
10 Global Digital Lending Platform Market Segmentation
11 Digital Lending Platform Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
20 Other Major and Innovative Companies
23 Key Mergers and Acquisitions
24 Opportunities and Strategies
25 Digital Lending Platform Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Digital Lending Platform Global Market Opportunities And Strategies To 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global digital lending platform market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for digital lending platform? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The digital lending platform market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider digital lending platform market; and compares it with other markets.
The report covers the following chapters
- Introduction And Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by component, by deployment model and by industry vertical.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario - The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the digital lending platform market.
- Global Market Size and Growth - Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis - Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by component, by deployment model and by industry vertical in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size And Growth - Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the company profiles of other major and innovative companies in the market.
- Other Major And Innovative Companies - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers And Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations - This section includes recommendations for digital lending platform providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
1) By Type: Loan Origination; Decision Automation; Collections And Recovery; Risk And Compliance Management; Other Types.2) By Component: Software; Service
3) By Deployment Model: On-Premise; Cloud
4) By Industry Vertical: Banks; Insurance Companies; Credit Unions; Savings And Loan Associations; Peer-To-Peer Lending; Other Industry Verticals.
Key Companies Mentioned: The Upstart Holdings, Inc.; Fidelity National Information Services, Inc.; LendingTree, Inc.; Accenture PLC; Finastra
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; Canada; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; digital lending platform indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- The Upstart Holdings, Inc.
- Fidelity National Information Services, Inc.
- LendingTree, Inc.
- Accenture PLC
- Finastra
- Tavant
- Fiserv, Inc.
- Wipro Limited
- Intercontinental Exchange, Inc
- DocuSign, Inc.
- Paytm
- PhonePe
- Lendingkart
- Capital Float
- IndiaLends
- KreditBee
- Ant Group
- JD Finance
- WeBank
- MYbank
- 360 Finance
- Money Forward
- Kyash
- AnyTime
- KakaoPay
- Toss
- Korea Investment Partners
- Afterpay
- Zip Co
- SocietyOne
- Akulaku
- KoinWorks
- Danamas
- LexinFintech Holdings Ltd
- WeLab
- Qudian Inc.
- Pinduoduo Inc.
- Leader Bank
- Valon
- Coviance
- Supernova Technology
- Wisetack
- Stride Funding
- Gynger
- BlueVine
- Lending Club
- Numerated
- Lendtable
- MarketFinance
- Iwoca
- Biz Capital
- Nexoos
- BankFacil
- Creditas
- Fitbank
- October
- auxmoney
- Spotcap
- Klarna
- CreditGate24
- Younited Credit
- Funding Circle
- Monobank
- Tinkoff Bank
- Home Credit Russia
- Credit Bank of Moscow
- Viva Credit
- Credius
- Credissimo
- Aasa Polska
- Zonky
- Air Bank
- Beehive
- Sarwa
- Tabby
- Bridg
- Paytabs
- Bayzat
- Aqeed
- Colu
- Souqalmal
- Telr
- Valify Solutions
- Delter IT
- Agel
- Credequity
- Moneta Technologies
- BlueMoney Business Wallet
- Branch
- Tala
- Cellulant
- Jumo
- Paga
- OneFi
- MyBucks
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 318 |
Published | April 2024 |
Forecast Period | 2023 - 2033 |
Estimated Market Value ( USD | $ 13.1 Billion |
Forecasted Market Value ( USD | $ 107 Billion |
Compound Annual Growth Rate | 23.4% |
Regions Covered | Global |
No. of Companies Mentioned | 95 |